According to a recent CBInsights report startups outside US raised more equity dollars than US based startups 2nd year in a row. China – between Beijing and Shanghai – is catching up in terms of number of deals and funds raised. Silicon valley is still way ahead (as a singular location) with over 200 exits above $100mn where Tel Aviv is better performing than London,Boston, NY and LA (it is also a favorite of international investors).
The key story is that World’s share of raise is higher than US (2018- $133bn Vs $106bn / 2017 – $101 Vs $78bn). China’s rise in AI is one of the key drivers for large growth in the funding of startups in the rest of the world. This raises interesting questions about the future dominance of the world of business. See the chart below. A related report – (link in the first comment, highlights mine; ) ‘Global Tech Hubs Report’, shows decline of New Delhi and Bengaluru (although they remain High Growth Hubs) in % growth in funding in Startups between 2014-15 and 2016-17, and % change in deals to startups (Bengaluru). The report has many interesting insights and certainly worth a deeper look.
Link to ‘Global Tech Hubs Report’ – https://bit.ly/2t1EwI2
