Emerald City vs. Beantown: How Do Their VC Scenes Stack Up?
April 28, 2014
Boston and Seattle are both known for their picturesque harbors and their unique cultures and cuisine, and while Boston lays claim to a thriving biomedical scene, Seattle is no slouch in that department, housing research powerhouses like the Fred Hutchinson Cancer Research Center. And, of course, Seattle has been a tech hotspot for decades, thanks to the presence of Microsoft, Amazon and other high-profile software players. Boston, too, has its share of technology startups.
But with yesterday’s news that Warburg Pincus will be buying VC investors’ stakes in Seattle-based PayScale, we here at PitchBook had to wonder: how has Seattle’s VC scene been faring recently? And to really take the pulse of a city’s VC scene, one must compare it to a peer, so our thoughts naturally turned toward Seattle’s coastal counterpart—Boston.