While start-ups in Silicon Valley, Boston and New York receive the bulk of venture capital, and the most media attention, the money is actually spread around the country further than you might think.
Using data fromDow Jones VentureSourceand software fromTableau, we dumped onto a U.S. map the nearly 1,500 venture-capital funding deals — worth more than $14 billion — that took place in the first six months of the year.
Check out the map on the "Interactive Graphics” tab of this post (or click the picture). You’ll see that start-ups in 40 states were recipients of venture capital — even Hawaii.
California naturally leads the Top 10 with nearly $7 billion of the capital, almost half the share, followed by Massachusetts (~$2 billion), New York (~$1.1 billion), Virginia (~$500 million), Texas (~$400 million), Illinois (~$300 million), Colorado (~$290 million), Pennsylvania (~$275 million), Georgia (~$250 million) and Washington (~$230 million).
But the interactive map tells us more than just the state recipients. You can splice the data by industry (healthcare, for example), funding round class (seed, first round, etc.) and region.
The dots on the map represent the amount of capital in a specific "metropolitan statistical area,” the cluster of cities in a designated metro area. Click on a dot — or drag your cursor across an area on the map — and the individual deals separated by city, industry and amount raised will appear on the chart at the bottom. (Note: VentureSource didn’t supply the names of the companies or proprietary reasons.)
Play around with the map, and feel free to provide any observations in the comments section of this post.