The supposed “death” of Silicon Valley appears to be greatly exaggerated, writes Alberto Onetti, chairman of Mind the Bridge. But while there will likely be multiple clusters in different places able to get beyond critical mass, there’s no new Silicon Valley in sight.
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Marcelino Pantoja
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Founder-in-Residence @ Platform Venture Studio
If you want to make movies, go to Hollywood.
If you want to build startups, go to Silicon Valley:
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Where would you build your startup?
Founder-in-Residence @ Platform Venture Studio
Silicon Valley dominates all other regions, and all other countries, on building startups.
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"Silicon Valley hosts 2.3x more scaleups than New York, 4.6x more than LA, slightly less than 7x more than Texas, 8x more than Boston/Cambridge, and 11x more than Seattle and Chicago. Atlanta and Miami are not yet comparable in size.
Investments in Silicon Valley scaleups are 4.9x higher than in New York, about 7x more than in LA, slightly less than 7x that of Austin, over 10x more than Boston/Cambridge and Austin, and over 30x more than the other hubs.
No hub can match Silicon Valley in terms of tech giants. The eight hubs altogether host 16 super scalers vs. 59 in the Bay Area."
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"Silicon Valley is a net producer of tech giants. We record 748 scalers [tech startups that raised >$100m since inception] in the area, plus 59 super scalers - companies that raised gargantuan amounts of capital (more than $1B since inception). Only China can match such figures with 664 scalers and 54 super scalers. By comparison, the entire Continental Europe produced only about half the amount of scalers (315).
Silicon Valley confirms its supremacy as the world’s core of funding activity in tech. Scaleups [tech startups that raised >$1m] headquartered there raised, since inception, $501.3B in capital, either through VCs or from the market (via IPOs or ICOs). This is about 2.6 times more than the amount raised by their European counterparts ($195.5B) and 1.1 times higher than China ($468B). Other relevant emerging tech hubs follow from an even larger distance. For example, Israeli scaleups collected about $40B altogether (13 times lower) and the South Koreans raised slightly less than $30B (17 times lower).
The most striking characteristic of the Valley is its high concentration of scaleups. We record 161.1 scaleups for every 100K inhabitants. Israel - the closest contender – still pales in comparison, with 'only' 18.4 scaleups for every 100K inhabitants, 9 times lower. All other ecosystems appear to be out of this league, ranging between 0.1 and 1.7 scaleups for every 100K inhabitants.
The strategic relevance of the local tech industry is not only represented by the presence of some of the most valued tech companies of the world, but also by the extensive amount of capital invested in what could be the next Google. About 1 out of 4 US scaleups are headquartered in Silicon Valley and about half of the total capital made available to US scaleups is deployed in Silicon Valley."
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