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:
Now I understand his point of view a bit more clearly, and this is really disappointing. Not that I would expect Chicago to be close to Silicon Valley, but this?
| 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
