THE WHY
TALENT
GROWTH
ECOSYSTEM
RESOURCES
Launch Tech Events Support Entrepreneurs Grow Incubators & Accelerators Increase Density Expand Broadband
Overview
A key portion of this strategy is to seek more investment for entrepreneurs, startups, and other innovators in Greater Grand Rapids. Deal value for seed and early-stage companies outside the Bay Area, New York, and Boston grew from $2.5 billion in 2011 to $13.4 billion in 2021. 1 Meanwhile, the share of seed and early-stage venture dollars invested in Bay Area startups declined to less than 30% in 2021, compared to 40 percent in 2014. 2 Venture capital is taking note of this trend, and new firms are opening offices in smaller communities now more than ever.
Deal value for seed and early-stage companies outside the Bay Area, New York, and Boston grew from
$2.5 Billion
$13.4 Billion
.
in 2011
in 2021
Plus-Circle
Plus-Circle
Plus-Circle
Investment Outside of Bay Area, NY & Boston
US VC Firms Founded Outside the Bay Area, NY & Boston
Deal Flow in Key Cities from 2014-2021
1 PitchBook and Revolution Fund. Beyond Silicon Valley. 2 Ibid
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