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by sofon 2847 days ago
I read the article, but I can't see how the title is supported.

What is for example, the second largest tech hub and how narrow is silicon valley's lead over it.

I would guess that the bay area if way way ahead of anywhere else (I don't like it, but it seems to be self apparent) and the lead is not narrow at all.

1 comments

I'd bet either NYC or Seattle is number two. I think Seattle comes closest in salaries thanks to the number of FAANG and similar companies with either HQ's or large branches (same time zone as California helps). NYC is probably number two as far as startup scenes.
NYC and Boston are #2 + 3 for VC funding.

Seattle's a tiny fraction of either and not growing in that area.

https://www.citylab.com/life/2018/03/the-extreme-geographic-...

Obviously, that's only one measure of a tech scene, but I don't think Seattle's that large.

Your article is titled "high tech" venture capital, but the Pitchbook data they use span all sectors. If you include biotech, then yes, Boston will be way up there. And New York is just a huge city and an economic hub, so there will be a bunch of entrepreneurial activity going on there. But if you take the more narrow view of "tech" as in computer-related things, I'd be surprised if New York or Boston were much ahead. And yes, as you mentioned, it's one measure of the tech scene. Seattle is Facebook's largest engineering presence outside of the Bay area. I think Google may have more engineers in New York right now, but that will not last - they're tripling their footprint in Seattle right now. It's one of the largest (non-Bay area) engineering offices for Uber and the largest for Lyft and Salesforce. And then there's MS and Amazon. I've looked for SWE and data science jobs in New York and Seattle and if you're not interested in FinTech, Seattle is the winner by a mile.
VC funding is an extremely narrow measure of a city's economy. Seattle (metro area) has Amazon and Microsoft's HQs. That alone is enough to give it a pretty large tech scene.