First posted on Built-In-Chicago
I ran into a VC from NYC at a conference yesterday. He said he wanted to see why the Chicago VC market hardly registers on the map. While I wasn't sure what he was talking about yesterday, I went to WSJ VentureSource and found this map:
Area | Investment |
---|---|
San Francisco | $3.3b |
San Jose | $2.2b |
Boston | $1.9b |
New York | $1.3b |
Los Angeles | $900m |
Washington DC | $582m |
San Diego | $375m |
Chicago | $296m |
Really? Chicago has 5% as much innovation as that of Bay Area? 20% as much as that of Boston? 25% as much as that of New York? How can we close the gap?
AAB