According to this recently published paper, VCs close to each other tend to invest together much more often. But that does not lead to superior returns. By the way: There are 257 VC hubs across 38 states, 12 states have no VC hubs California has the most at 77 hubs, TX has 17, FL 14, PA 13, and MA 13
Qubit: Research on VC Syndication Location
Qubit: Research on VC Syndication Location
Qubit: Research on VC Syndication Location
According to this recently published paper, VCs close to each other tend to invest together much more often. But that does not lead to superior returns. By the way: There are 257 VC hubs across 38 states, 12 states have no VC hubs California has the most at 77 hubs, TX has 17, FL 14, PA 13, and MA 13