San Francisco Dominates VC Financings, New York City Number Two

$1000 in $100 Bills

Median Pre Money Valuation at $15.9 Million.

It should come as no surprise that the San Francisco Bay area – which includes Silicon Valley – dominates venture capital.  New York City sits squarely in second place.  The rest of the top five consists of Los Angeles, Boston and Seattle – in that order (Austin is at #6!).

In a report from Pitchbook, the VC tracking company reports that in Q3:

  • San Francisco – Silicon Valley raised $3.1 Billion capturing 32% of venture rounds and 43% of the estimated $7.32 Billion total
  • New York City hit 11.1% of the deals.
  • Los Angeles 5.5%
  • Boston 4.8%
  • Seattle 3.6%

The median pre-money valuation for San Francisco startups stood at $15.9 Million which is actually a decline from the previous quarter where it stood at $20.2 Million.  The Top Bay area investors reads like a list of regular suspects and includes Google Ventures, Andreesen Horowitz, Kleiner Perkins Caufield & Byers, 500 Startups and First Round Capital.

Overall deal flow is down from Q2 most dramatically in Early Stage investments.  As Pitchbook states,  “Series A crunch” continues to be a topic of concern” and “this indicates that VC investors are placing fewer, larger bets on early stage companies but are not having to pay higher prices”.

Pitchbook VC Deals and Valuation Q3 2013

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