United States

Silicon Valley - Bay Area #1

Integration Phase

Despite rising real estate prices and increased scrutiny, Silicon Valley remains a vibrant place for startups. In fact, the external forces acting on Silicon Valley are changing how companies develop products and manage teams.

Robert Siegel
Partner at XSeed Capital and Lecturer in Management, Stanford Graduate School of Business

Sub-sector Strengths

AI, Big Data & Analytics

Seven of the world’s top 10 AI investors — companies like Google, Facebook, and Apple — are based in Silicon Valley. Microsoft invested $1 billion in Open AI In 2019, Databricks raised over $650 million in two financing rounds in 2019, and Snowflake Computing, data warehousing platform raised $478M in a Series G round in March 2020.

Fintech

Drawn by the region’s strength in Fintech, global financial companies are increasing their presence in the region. JP Morgan announced plans to open a Fintech innovation hub in Silicon Valley by 2020. Stripe, a Fintech unicorn, raised $245 million in 2018, followed by a $100 million in Jan 2019 and $250 million in September 2019.

Life Sciences

Silicon Valley has a long history of innovation in Life Sciences, producing success stories such as Acerta Pharma and Vir Biotechnology. It is home to more than 1,400 Life Sciences companies employing over 82,000 people. In 2018, Grail raised $300 million in Series C funding and Allogene went public at a valuation of $2.2 billion.

Why you should invest in Silicon Valley - Bay Area

TOTAL EARLY STAGE FUNDING
$18 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$677 bn
GLOBAL AVG.
$10.5 bn
#1 Global Ecosystem
Funding
#1 Global Ecosystem
Performance
8
Exit Growth
INDEX
10
Investor Activity
INDEX
6
Funding Growth
INDEX

Reasons to move your startup to Silicon Valley - Bay Area

MEDIAN SEED ROUND
$1000 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$8 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$123 k
GLOBAL AVG.
$42.1 k

Ranks #1 Across the Board

Silicon Valley top in most startup Sub-Sector rankings from AI, to Robotics, to Life Sciences. It is the world’s main unicorn factory, producing more than 96 through December 2019.

World-Class Resources

Startups have access to talent (Stanford University, UC Berkeley and USCF), capital, plus numerous investors and mentors.

COVID-19 Policy

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers an Employee Retention Tax Credit — a refundable payroll tax credit to encourage and enable employers to keep employees on their payroll. The tax credit is equal to 50% of the first $10,000 of qualified wages that employers pay each employee.

Startup Community

Startup Genome
Partners

Engine
GSV
Manos Accelerator
Parisoma
Rocketspace
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