Boston Ranks Third in List of Best Cities for a Startup | NECN
Massachusetts

Massachusetts

The latest news from around the state

Boston Ranks Third in List of Best Cities for a Startup

The research firm Mattermark came up with a list of the top 15 cities

    processing...

    NEWSLETTERS

    FILE - Getty Images

    Boston has ranked third in research company Mattermark's list of top cities to launch a startup company.

    The list took into consideration "21,000 Angel, Seed, Series A, Series B, and Series C deals made between 2006 and today."

    Ahead of Boston in the #1 spot was the Bay Area followed by New York City in the #2 spot.

    The study also found that Boston "has experienced a slight decline in early- and growth-stage startup funding activity, shrinking its average share of dollar volume by approximately 20% between 2006 and 2016."

    Mattermark explains this decline by explaining that other companies are "being founded and funded elsewhere at higher rates."

    On the other side, New York has more than doubled their share of the dollar since 2006.

    The full list of the top-15 cities is listed below:

     

    1. Bay Area
    2. New York
    3. Boston
    4. Los Angeles
    5. San Diego
    6. Seattle
    7. Washington, D.C.
    8. Chicago
    9. Austin
    10. Atlanta
    11. Salt Lake City
    12. Miami
    13. Philadelphia
    14. Dallas
    15. Denver

    Get the latest from necn anywhere, anytime

    • Download the App

      Available for IOS and Android