If you want to raise VC, you should be in California, NY or Massachusetts. Period.
The reality is you can start a technology company anywhere today. But if you want to raise venture capital, it still pays to be in California, NY or Massachusetts.
In fact, more VC deals are going into the big 3 markets for venture now than in recent memory. Since 2010, the share of VC deals to those 3 markets has steadily grown.
When we look at the US VC landscape on a dollars basis, the skew towards the big 3 is even more significant. With the vast majority of unicorn companies (full unicorn list here) in these 3 markets (especially California) and their mega-financing rounds, this should not be all that surprising.
