This is creating new momentum for cities that want to gain a tech advantage.
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Investors arent necessarily investing in the major tech hubs, theyre investing everywhere.
Just look at Hopin, which was built completely remotely and became thefastest billion dollar company ever.
And thats what we can see from the data.
Money thats finding its way into completely new territories, and compounding the growth of burgeoning startup ecosystems.
Stauffer tells us that the main factor driving investors to seek opportunities farther from home is access to data.
And thats not all that the data is showing.
Some interesting facts from the report: Charlotte, NC, is the fastest growing US tech hub.
Stauffer explained:
Startups create more new net jobs than any other traditional industry.
And this goes for cities of all sizes.
But what about the companies that hire five people?
Cities just have to start somewhere.
And as many startup ecosystems have proven already, one success story can lead to many others.
Stauffer agrees with this sentiment.
They should all realize that startups will create jobs.
And not every startup will be an Uber or an Airbnb, which is okay.
But if you dont invest in it, youll never get the opportunity.
Weve made no effort to screen out particular technologies or industry verticals.
Instead we favor scalable startups without regard for the industry vertical, Saling writes.
The attractiveness then seems to be driven by other factors.
Another good example of a city making use of its unique features is Atlanta.
This investment has paid off.
More equal wealth distribution?
An increased rate of innovation?)
