It will surprise few that San Francisco is deemed to have the most developed VC ecosystems in the world. That’s according to a new report issued by financial data and software company PitchBook, which also found that the U.S. and Asia account for 85% of the 20 most-developed VC ecosystems, and 65% of the 20 highest-growth VC ecosystems are in Europe or the U.S.
It’s no secret that securing VC funding has become increasingly challenging over the last 18 months. Startups and scaling tech companies have shed staff numbers en masse, as without the guarantee of fresh investment a renewed focus on profitability is seen across the board.
However, there are always locations that buck trends and investment seekers and job hunters in the U.S. would do well to set their sights on San Francisco and New York in particular.
Though a considerable volume and value of VC activity moves through both cities, New York averaged less than half the startup investment that San Francisco attracted over a six year period (Q3 2017 – Q2 2023), securing $153.2bn investment versus The Golden City’s $364.5bn.
Los Angeles ($123.1bn) and Boston ($99.2bn) also ranked highly in terms of development, and joined cities like Beijing, Shanghai, London, Shenzhen, Seoul and Hangzhou in the top ten. Washington DC, Seattle, Austin, San Diego and Denver made up the U.S. contingent of the top 20 most developed VC ecosystems.
The report also examined growth rates of activity. Detroit came second to Dubai in the growth rankings as the city emerged as a tech hub, while Raleigh and Houston completed the top five alongside Berlin.
Additionally Indianapolis, Miami, Philadelphia and St Louis also landed spots in the top 20.
Across overall scores for development and growth, North America nabbed 20 of the top 50 spots, followed by Asia (16), Europe (12) and the Middle East (1), making it the most attractive region for VC investment.
And of course, wherever funding is, jobs are. The VentureBeat Job Board is continuously updated with tech jobs across the U.S., with remote and hybrid opportunities also advertised. Take a look at these three roles and visit the job board for more.
Acquired by Cisco in 2020, ThousandEyes is a performance monitoring stack for remote and hybrid workers that monitors internet challenges that disrupt worker productivity, impacts revenue and brand reputation. The organization is seeking a Senior Software Engineer for its Account Management Platform team; you’ll be responsible for maintaining critical platform APIs such as user management, authentication and contract enforcement. Ideally the candidate will have over six years of software development experience, will be comfortable working with newer technologies and have expert level understanding of object-oriented programming languages (Java, C++, etc). See more here.
Having recently raised $100m in a funding round led by Thomas Tull’s U.S. Innovative Technology Fund, start-up Pryon is developing an AI-powered platform to analyze enterprise data. Currently seeking a Solutions Engineer who can balance technical expertise with strong interpersonal skills, this role is perfect for someone who is strong in AI/Find out more now.
Property developers Richmond American Homes, part of MDC Holdings, Inc, is advertising for a full-time E1 Applications Engineer with experience in the Oracle JDE EOne ERP environment. In this role, the successful candidate will design, develop and maintain applications and systems in line with best practices and standards. By collaborating with JDE EnterpriseOne functional consultants and development teams, this engineer will create integrated solutions that are scalable and adaptable. A bachelor’s degree in computer science, computer engineering, information systems or equivalent experience is ideal, as is 3+ years’ experience with Oracle JD Edwards E1 development toolset. Apply here.
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