Silicon Valley: San Jose emerges as an alternative startup hub
San Jose ranks 2nd highest in early stage funding raised in 2019, a stark contrast to being 2nd lowest back in 2010, trailing all submarkets aside from Fremont.
January 28, 2020
- San Jose startups received 2030% more funding in 2019 than they did in 2010, while the overall average for submarkets with more than 10 startups funded sits at a +266% differential.
- As the main beneficiary of the startup community at Stanford, Palo Alto led all submarkets in the number of startups funded at the beginning and the end of the decade. Palo Alto startups accounted for 41% of all early stage funding received in 2019.
- Silicon Valley is one of the top-ranking flexible space markets in the country, catering well to the technology-focused startup environment.
- Submarkets proximate to Stanford generally saw a larger number of startups receive early stage funding
Source: Crunchbase, JLL Research