Silicon Valley isn't the only sweet spot for startups | Crain's

Silicon Valley isn't the only sweet spot for startups

Late-stage startups pitch their companies at the fourth annual eMerge Americas conference. | Photo courtesy of eMerge Americas

Every city wants to be the next Silicon Valley—or at least, Silicon Valley before housing costs went through the roof.

So who's on deck? It depends how you slice the data.

The Kauffman Foundation—a nonprofit devoted to promoting entrepreneurship—releases an annual startup index that ranks startup activity in metro areas based on several factors, including the rate of new entrepreneurs entering the market, the total number of business owners, the rate of startup growth, the number of businesses that scale up successfully, and the density of small businesses, startups and established businesses overall. According to the 2017 rankings, Miami tops the list, followed by Austin, Los Angeles, San Diego and Las Vegas.

Meanwhile, the real estate company Cushman & Wakefield used another set of factors, like higher education, available capital, tech workers and entrepreneurship, to generate its Tech Cities report, listing the hottest tech markets around the country. Not surprisingly, Silicon Valley and San Francisco top the list, followed by Washington, D.C.; Boston; Raleigh-Durham; Seattle; and Austin.

Looking at the number of deals and their total value in any given region during the last quarter offers a different snapshot. The heavy hitters of the second quarter of 2017 were San Francisco, New York, Los Angeles, Boston and San Jose, according to the National Venture Capital Association. Next up? Seattle, San Diego and Austin.

Rankings aside, it's clear that there's lots of startup activity going around across the U.S.—and lots of entrepreneurs and cities committed to building a strong ecosystem for founders and VCs alike. Here's a look at where things stand around the country.

Eastern seaboard

Can Connecticut keep venture capital close to home?

Startups have big ambitions in the nation's smallest state

Atlanta's startup community spans from city to suburbs

Seeing red: N.C. State, Red Hat forge startup path in the Triangle

Florida's regional hubs foster next-gen innovation

Healthcare startups find Music City is playing their song

Lessons from the Valley: How NC can move up the entrepreneurial ladder

Beyond the neon: Miami defies party city reputation with tech success

Digital health is helping to fuel New York City's economy

Philadelphia Startup Leaders lights up an energetic startup scene

Mason Enterprise Center jumpstarts Leesburg startup scene

From the Midwest to the Rockies

T-REX evolves, expands to help grow St. Louis’ startup scene

Chicago VC funding is looking up

Pittsburgh reimagines the business district

Reinvestment rockets Indianapolis’ rise in tech

Texas wants to prove its startup worth but may lack the money

Colorado Springs plays catchup to Denver, Boulder when it comes to startups

How Phoenix nonprofits built a startup culture in a few years

Las Vegas incubates thriving startup scene

Why ‘maturing’ startup doTerra typifies Utah’s booming success

West Coast

Portland attracts creators with a conscience

Blossom Brothers aims to put some sparkle in your summer wines

Venice's laid-back vibes still draw startups to the beach

Sacramento region on its way to becoming Silicon Valley East?

July 26, 2017 - 12:48pm