For years, we've analyzed trends across the US as a whole, but national trends are composed of disparate hotspots of entrepreneurial and investment activity in urban metros—separate ecosystems that make up the patchwork of US venture. Analyzing key differences between metros can produce valuable insights, so we will be exploring various US ecosystems more in depth in a brand-new report series.
To start, we've produced the largest PitchBook report ever: 40+ pages of detailed datasets on VC activity in the top 12 US metro statistical areas (MSAs). Featured content includes:
Select high-growth startups & most active investors
Breakdowns of domestic vs. outside investor activity
Median employee counts of startups by year
Median pre-valuations & round sizes
External datapoints such as changes in rent price & employment, wage growth and more
From overall venture deal flow in Austin since 2010 to the most active investors in San Diego, the US Venture Ecosystem FactBook is intended to serve as a comprehensive resource for your own analysis of VC trends across separate MSAs. We've provided sample use cases, such as calculating the top MSAs for first financings as a proportion of overall VC activity, but there are dozens of additional ways to slice and dice the datasets.