The location of your startup could have a big impact on its growth and eventual success. The interest of investors in your startup, the availability of talent in the local labor pool, and an area’s cost of living can all work in a company’s favor or against it.
Startup culture is centered in a few regions in the United States. The Silicon Valley Bay Area accounts for 45% of total venture capital investment in the U.S. When you add in other startup hubs, such as New York, Boston, and Seattle, it covers nearly three-quarters of the country’s venture capital investment. Many experts have called out so-called “second tier” startup cities, such as Portland and Austin, but even those regions are now becoming costly and saturated for would-be entrepreneurs.