Thursday, April 12, 2012
Report: Los Angeles Ranks Sixth In Active Startup Ecosystems
A new report this week from the Startup Genome Project has ranked Los Angeles as number six in a list of the world's most active startup ecosystems. The report, which used data from the Startup Genome's benchmarking tool to rank startup performance, found that Silicon Valley topped the list, followed by New York City, London, Toronto, and Tel Aviv. Los Angeles beat other startup hubs such as Seattle, Boston, and Mumbai in the rankings. The report ranked the cities by "startup throughput"--the number of startups, startup success rates, availability of capital, job creation, and other factors. The project did not detail the sample size or other specifics on its methodology of ranking the startup ecosystems.