Startup Genome has released a new report ranking the top locations to build your company.
Startup Genome has recently released the first half of its 160-page report on the world’s top startup ecosystems, including it’s so-called Startup Ecosystem Index. Startup Genome is a collaborative R&D project created by three young entrepreneurs, Bjoern Herrmann, Max Marmer, and Ertan Dogrultan, who set out to take a comprehensive, data-driven look into what makes startups successful.
The team has compiled data on more than 50,000 startups around the world and conducted more than 50 in-depth, qualitative interviews with entrepreneurs and investors.
At the top of the rankings sits Silicon Valley, which remains the center of entrepreneurship and was used as a baseline from which to compare the rest of the list. Coming in second is Tel Aviv, followed by Los Angeles, Seattle, New York City and Boston, before crossing the Atlantic to London — which ranked as the largest ecosystem in Europe. While five of the top startup ecosystems in the world are in the U.S., the rest of the world is catching up.
Noticeably absent from the list are Asian startup ecosystems, which Hermann said is a result of the fact that although the project had collected data on 50,000 companies, it did not have enough data on Asian regions to compare them properly.
Here is a recap of the top 10:
- Silicon Valley
- Tel Aviv
- Los Angeles
- New York City