Did you know? These 3 CA cities are among the top startup cities in the world (2024)
SAN DIEGO (FOX 5/KUSI) — Three places in California landed on a list of the world’s top startup cities, and they’re not all in the Silicon Valley.
It’s no secret that California is home to hundreds of startup companies. Northern California is perhaps best known for being the home of Silicon Valley, the birthplace of social media and the internet, while Los Angeles dominates the entertainment sector through streaming platforms including Hulu and esports platforms like PlayVS and Riot Games.
Unsurprisingly, San Francisco took the No. 1 spot in a list of the world’s top startup cities ranked by PitchBook, a venture capital and private market data company. It’s followed by New York, Beijing, Shanghai and Los Angeles rounding out the top five.
Another Southern California city made it into the top 15 — San Diego.
According to Failory, a newsletter for startups, the top San Diego-based startups in 2024 include Drata, a compliance and security automation company; MK Decision, a financial technology company; Seismic, a sales software, and Beauty Bakerie, an e-commerce cosmetics firm.
See the list below for a full list of the top 15 startup cities in the world, according to Pitchbook:
Rank
City
Development score
Growth score
1
San Francisco
89.5
28.2
2
New York
76
41.5
3
Beijing
75.6
15.4
4
Shanghai
72.9
26.5
5
Los Angeles
71.4
39.9
6
Boston
70.4
34.8
7
London
64
38.8
8
Shenzen
62.7
45.3
9
Seoul
61.1
52.1
10
Tokyo
60.2
66.6
11
Hangzhou
59.1
20.5
12
Washington, D.C.
54.7
61.7
13
Seattle
53.5
26.3
14
Singapore
52.2
74.8
15
San Diego
52
35.5
To rank the cities, analysts at PitchBook measured the size and maturity of startups in each location. To measure size, they looked at venture capital deals, startup exits and fundraising activity. To measure maturity, analysts focused on the ability of startups to secure capital, grow, exit and create outliers. Meanwhile, the growth score demonstrates short-, medium- and long-term momentum across the past six years.
San Francisco remains the undisputed leader of the global startup landscape, increasing its lead over its closest competitor, New York. The gap between their scores has grown from 2.4 to 2.8, with San Francisco's stronghold in AI startups playing a key role in its sustained dominance.
San Diego is a city in southern California with gorgeous weather and stunning beaches. However, San Diego is known for the San Diego Zoo, San Diego Padres, and more recently, its craft beer industry, also make this a famous city worth visiting. So what is San Diego known for?
According to a 2022 study from the U.S. Census Bureau, this state's local governments consist of 57 counties, 482 cities, towns, and villages, and 2,949 special districts.
If you're wondering why San Diego is considered one of the best places to live, you've come to the right place. America's Finest City boasts of some of the best year-round weather; has easy access to beaches, mountains, and greenspaces; and offers residents jobs in a variety of in-demand industries.
One of the most striking features of this mission is the 46-foot tall campanario, or bell wall, which holds five bells. The largest of these bronze bells is named Mater Dolorosa, and weighs a staggering 1,200 pounds.
In May 1769, Portolà established the Fort Presidio of San Diego on a hill near the San Diego River above the Kumeyaay village of Cosoy, which would later become incorporated into the Spanish settlement, making it the first settlement by Europeans in what is now the state of California.
The city of San Diego itself is more Democratic than the county's average and has voted for Democrats Clinton, Gore, Kerry, Obama twice, Clinton, and Biden respectively, in the last eight presidential elections.
Amador City has a total area of 0.3 square miles (0.78 km2), all of which is land, making it the smallest city in California by size. Amador City is a little city with a lot to offer.
It is known as the city with the most conducive environment for trade and digitalization. It is home to the nation's largest IT companies, like Infosys, Wipro, Mphasis and many more. It has also been the breeding ground for several startups including Flipkart, Ola, InMobi, Quikr, etc.
Silicon Valley is #1, followed by New York City and London tied at #2, Boston at #4, and Beijing at #5. Seoul entered the global top 10 ecosystems for the first time, up six places from #16 in 2021 and #20 in 2020.
Tokyo has the largest number of global companies' headquarters. Tokyo is one of the leading economic cities in not only Japan but the world with about 613 companies establishing their headquarters in the city. Out of the 613 companies, 51 are Fortune 500 Companies.
Introduction: My name is Pres. Carey Rath, I am a faithful, funny, vast, joyous, lively, brave, glamorous person who loves writing and wants to share my knowledge and understanding with you.
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