Wait a second!
The MoneyTree/PWC Q2 venture capital dollars by region shows Boston still on top over NYC for dollars invested in Q2 2011!
NYC vs Boston VC investments
This does not mesh with the data from CBinsights that was released just a few days ago.
I’ve reached out to my contact at CBinsights to see if he has any info on this. I bet there are just some differences in how the data is collected. But in the PWC data above New England is quite a bit over NYC.
At the end of the day this doesn’t really matter too much as long as all the regions software investments are up. I don’t believe that this is a zero sum game, and there can be multiple regions outside of the valley that have thriving internet hubs. NYC and Boston should both be among these. I dream of a interconnected Northeast coast internet hub from NYC to Boston along the Acela route… it makes sense give how connected these two regions are that startup talent, dollars and ideas flow along the coast in a giant melting pot of new startups, people and exits.
October 19th, 2011 at 11:24 am
Healy,
Thanks for continuing to write about this topic in a thoughtful (non sky is falling sort of way).
The primary reason for the delta between CB Insights and PWC comes down to when deals are recorded in our respective databases. Because we’re not reliant on surveys being returned to us by VCs, we find deals sooner and so many of the deals that PWC records in Q3 were in CB Insights in Q2.
Specifically, if you look at our Q2 + Q3 total for Mass, it adds to $1.853B ($1.143 + $0.710). PWC’s total is $1.818B ($0.710 + $1.108) for these two quarters. So they’re in virtual agreement but just recorded at different times.
That is the primary factor. Of course, New England vs. NY area differs from how we draw our lines (Mass vs NY).
Hope this helps.
Thanks,
Anand
October 30th, 2011 at 11:24 am
MoneyTree is measuring Q2’11. CB Insights is measuring Q3’11. Mystery solved
If you go back to Q2’11 in CB Insights you will see that it has MA as way ahead of NY (16% vs. 7%), which matches MoneyTree almost exactly.