In 1999, companies in northern California's San Francisco, Oakland, and San Jose regions, along with Boston Massachusetts received a lion's share of the nation's venture capital disbursements.
Research shows that venture capital investments are related to a region's high-technology base.
The Northern California and Boston Regions have long been at the center of the world's technology economy. Disbursements to Companies Several regions were home to large numbers of companies receiving venture capital disbursements. Other than Northern California and Boston, other prominent regions included New York, NY, Washington D.C., Los Angeles, CA, Seattle, WA, San Diego, CA, and Atlanta, GA, each with over 100 companies. After adjusting the number of companies receiving disbursements by population size, several university-dominated regions performed well. Smaller metropolitan areas such as Boulder, Austin, and Raleigh-Durham had over 50 companies per million residents, as did the larger regions of San Francisco, San Jose, Boston, and Oakland.