Readers here know I started my own business this year. I have been to a few networking events, including an information session on startup companies. Turns out I wasn’t really part of the target audience. This was really for those people that were starting something bigger than a 1-person business. “Startups” refers to businesses that require significant fund-raising to start – the kind that venture capitalists are interested in funding. “Venture Capitalist” is a term that makes you think of Silicon Valley companies. That’s a fairly true expectation – 76% of all venture capitalist investment in 2017 was kept in California, New York and  Massachusetts (which really means San Francisco, New York City and Boston). 

Forbes has come up with a list of the 10 best up-and-coming cities for startups. To define “up-and-coming,” the cities with the 10 largest VC investment totals were eliminated –  San Francisco, New York, Boston, San Jose, Los Angeles, San Diego, Seattle, Chicago, Washington, D.C. and Austin. (The gap between #10 Austin and #11 Atlanta is more than $500 million, making it an ideal cutoff point.) Then, they used 13 metrics to come up with the 10 best up-and-coming cities to receive venture capitalist dollars. See all the details here. Drum roll, please….
  1. Columbus OH
  2. St. Louis MO
  3. Atlanta GA
  4. Denver CO
  5. Baltimore MD
  6. Cincinnati OH
  7. Portland OR
  8. Philadelphia PA
  9. Minneapolis – St. Paul MN
  10. Charlotte NC
My birth state of Ohio did quite well. And Charlotte made the list. So if you know a venture capitalist who’s looking for a place to park his/her money, tell them to give me a call. 😊