Culture
Why the Next Silicon Valley Will Probably Be Outside the U.S.
The biggest challenges to the Bay Area’s dominance in tech will likely come from overseas.
The San Francisco Bay Area remains the world’s leading hub of startups, but cities outside of America are making considerable gains, according to a new report by CB Insights, one of the leading trackers of venture-capital investment in high-tech startups. Although Silicon Valley is still “off the charts … Beijing and Shanghai are poised to be the tech hubs of the future,” the report notes.
With $140 billion of VC investment in tech startups since 2012, the Bay Area tops the list of startup hubs. But Beijing comes next, with $72 billion. New York takes third place ($36 billion) and Shanghai fourth ($23 billion).