Lately, it seems there’s been an uptick in sizable funding rounds and private equity investments in the state. With 2018 being a record setting and landmark year, in that regard. But in order to get to those multimillion dollar rounds — or liquidity events — companies have to first get out of the gates. And if they’re seeking seed funding in Oregon, that doesn’t seem to be happening at a rate on par with other states. According to Crunchbase.
In startup circles, it’s trendy to talk about how entrepreneurs are leaving high tax, high cost-of-living metros for cheaper locales. While Silicon Valley remains ground central for hobnobbing with investors, the common wisdom goes, early stage funding stretches much further elsewhere.
As memes go, it makes sense. But does the data bear this out? Is Texas turning into the new California? Is Salt Lake City edging out Seattle? Are the largest U.S. startup hubs losing their edge in luring promising early stage startups?
The idea with the size range datasets was to see how tech hubs stack up in terms of launching well-funded startups. It’s one thing to have a lot of seed-funded startups. It’s quite another to see them go on close follow-on rounds in the millions or tens of millions. We also wanted to see whether the top startup hubs are retaining their dominance in launching companies that go on to secure the biggest early stage rounds.
If you’re interested in thumbing through data on states with more active seed funding than Oregon, visit Crunchbase.