News Week: “… Silicon Valley Is Killing Entrepreneurship in the U.S.”

Over the past few years, we’ve seen two apparent crosscurrents in the startup waters. One is the tech explosion in Silicon Valley … The other trend is an overall decline in entrepreneurship across the U.S.—revealed by statistics and felt in places like Atlanta, Kansas City, Missouri, and smaller towns… Look at the money going into companies. Venture capital firms in 2014 pumped more than $32 billion into startups based in the stretch from San Francisco to San Jose, according to the National Venture Capital Association. That’s twice as much as all of the venture capital put into companies in all of the rest of the U.S. … New York and Boston are neck and neck at No. 2, at about $4 billion each. After that, the drop-off is steep. Read more: http://www.newsweek.com/2015/06/19/startup-shutdown-how-silicon-valley-killing-entrepreneurship-us-340769.html

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