Venture Capital Shifts Downtown
28 January, 2012 Category: London Silicon Roundabout No Comments 
Original post by RICHARD FLORIDA via the Atlantic Cities
The past several years have seen something of a subtle shift from the traditional “nerdistan” industrial park model of high-tech development to a more urban cast. The growing number of startups and high-tech companies in downtown San Francisco and New York, even London’s so-called Silicon Roundabout, are examples of this shift.
The Route 128 area in Boston’s suburbs has long been deemed the world’s second leading center for high-tech companies and start-ups. Now the shift to “urban tech” appears to be happening there, too.
According to a report in the Boston Business Journal, the city of Boston has caught up with its surrounding suburbs in attracting venture capital. The story reports data from CB Insights, which finds that companies within the city limits raised almost $600 million in 59 venture.
