Tech Start-Ups Thrive Outside of Silicon Valley
Of course, tech start-ups in Silicon Valley are finding lots of success. But there are a number of other cities that are also becoming fertile ground for burgeoning technology businesses.
According to data provided by Thomson Reuters and the MoneyTree Report by PwC and compiled by National Venture Capital Association, San Francisco and San Jose, CA are the two top cities in the U.S. for technology start-ups. But coming in at number three is New York City. Mayor Michael Bloomberg, Sen. Chuck Schumer, and other New York government officials started a big push in 2011 to make the Big Apple a hub, not just for industries the city has been known for. It has been building a reputation as the place for tech start-ups on the East Coast.
“Part of this is that many of the traditional industries in which New York has always been a leader — like financial services, and retail, and business services — are more and more becoming high-tech industries as well,” Sen. Schumer said at the time.
Mashable also credits companies like Facebook and Google, which have set up offices in New York, for boosting its tech cred.
Coming in number four on the list is Boston, which, according to CIO.com (the site originally posted this information) is a venture capital hub and is seeing a lot of activity in the healthcare and IT spaces. That city is also aided by the prestigious schools that call the city home. For instance, according to CIO.com, MIT grads are jumping into a lot of startups.
And finally, number five is Los Angeles, which is, naturally, seeing a lot of activity in the media and entertainment area.