Venture Capital Is A Blue State (And County) Business
Another stat to add to the pile is this: So-called Blue or Democrat-leaning states take in the overwhelming majority of venture capital funding. It’s staggering to consider that “Blue States” rake in roughly 12 times the venture capital of Red States. But Austin, the metro area that commonly brings in a majority of the state’s venture funding, is known for its liberal-leaning politics. The hub for startup and venture capital activity is the Research Triangle region, which leans left. Personally, I’d like to see more venture capital going to these areas that haven’t historically been magnets for funding.