Southern California Overtakes New England in Startup Activity

When I moved to Los Angeles, I didn’t know it was going to turn into a hotbed of startup activity. VentureBeat has the scoop.

Venture capitalists invested $1.122 billion into Southern California companies during the first quarter, compared to only $984 million into the Northeast companies centered around Boston, according to VentureOne/Ernst & Young.

VentureBeat reports that Southern California has surpassed the Northeast in VC investment for three straight quarters, proving a trend. Between Silicon Valley and SoCal, the state of California now receives more than half of all North American venture capital money.

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