After reading an article in the New York Times about how music acts as a possible attractant to start-up’s, I wanted to get some numbers to see if that were true. From a historical basis, it’s important to remember that in 1999 Texas was doing nearly 10% of the venture funding of Silicon Valley, of as I call it, SiValley (cute, huh?).
2012 VC Funding
| Year | SiValley | Texas | Austin |
|---|---|---|---|
| 2012 | $10,968 | $934 | $621 |
| % of SiValley | 100% | 6.2% | 5.7% |
| 2012 VC Funding Stage | SiValley | Texas | % of SiValley |
|---|---|---|---|
| Seed | $316 | $2 | 0.6% |
| Early-Stage | $3,279 | $180 | 5.5% |
| Expansion | $4,570 | $344 | 7.5% |
| Later Stage | $2,802 | $408 | 14.6% |
Source: PricewaterhouseCooper MoneyTree Survey
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