THE WHY
TALENT
GROWTH
ECOSYSTEM
RESOURCES
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
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. Average Deal Flow in Key Cities from 2014-2021 (in Millions)
Deal value for seed and early-stage companies outside the Bay Area, New York, and Boston grew from
$2.5 Billion Denver $1,410 B
. $13.4 Billion Grand Rapids $34 M Nashville $515 M
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. Though existing venture deal flow in Greater Grand Rapids has increased in recent years, venture capital investing pales in comparison to aspirational markets across the country.
Salt Lake City $691 M
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
Austin $1,762 B
1 PitchBook and Revolution Fund. Beyond Silicon Valley. 2 Ibid
PitchBook and Revolution Fund. Beyond Silicon Valley.
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