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11 Jul, 12 tweets, 2 min read
1. Let's take a quick look at major US tech hubs from the data in this report ...
2. San Francisco Bay Area - No. 1 in landslide - $23.7 billion.
3. NYC takes second ... $11..2 billion (less than half of thre Bay Area).
4. When it comes to venture capital-finance innovation seems like early pandemic predictions of the death of San Fran & NYC were ... eh hem .. shall we say ... premature ...
5. Next in line Boston-Cambridge - $7.8 billion.
6. In fourth place, Los Angeles - $6 billion. Those are the BIG PLAYERS. Everywhere is is pretty far behind.
7. Chicago $2 billion, Austin $1.8B, Seattle $1.6B DC $1.3B, Denver $1.2B, Dallas $1B, Miami $711 million ... down from $1.4B in Q4 2020 ...
8. VC-finance innovation remains incredibly spiky ... The top 4 centers - the Bay Area, NYC, Boston & LA account for a whopping 70% of 2021Q1 investment. The Bay Area alone attracts 35% ...
9. Austin tech hub growth seems to have much more momentum than Miami. Its Q2021 VC investment level is roughly three times its historical average. Miami's is roughly half its Q42020 high.
10. Meanwhile Up North, Vancouver tops $1 billion & Toronto pulls in a record $670 million (just a tad less than Miami).
11. A few more I skipped by: Philly $1.6 billion, Research Triangle $1.2 billion, Atlanta $950 million ...
12. On my quick perusal, the report only includes data for nations outside of the US & Canada. Would be great to see city-metro data for hubs across the world. Will keep looking ...

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More from @Richard_Florida

Richard Florida Profile picture
9 Jul
1) These maps from the NYT provide a sense of the scale of the issue - some 270 older condos. These offer some of the last remaining "affordable" housing in the region. Many are likely to need substantial renovation; some may be decommissioned entirely:
nytimes.com/2021/07/04/us/…
2) What is not obvious from the maps is how valuable this property is becoming. Due West of Champlain Towers is Indian Creek - one of the most expensive locations in the USA ... Bal Harbour Mall is up the street ... A property near the Bal Harbour Marina just went for $50 mil +
3) Even closer by on the Atlantic Coast are the new Four Seasons and Arte condominiums which have seen among the highest prices per square feet in the region.
Read 5 tweets
Richard Florida Profile picture
28 Jun
1. A little tweetstorm on the post-COVID geography of startups & tech hubs. This is from a post by @eladgil: blog.eladgil.com/2021/06/unicor…
2. Gil tracks the geography of new unicorn companies - defined as those with more than a $1 billion market cap - since October 2020. The data are from @CBinsights cbinsights.com/research-unico…
and he supplies his raw data here: docs.google.com/spreadsheets/d…
3. Let me add the caveat, as Gil does, that such data are updated over time, so very recent unicorns may not be included, and also than unicorns - given the size and stature - are a retrospective measure of which likely underplay emerging hubs.
Read 19 tweets
Richard Florida Profile picture
23 Jun
1. We have reams of evidence that physical clustering of firms & people plays a huge role in innovation, creativity, productivity & economic growth.
2. My own hunch is that in-office work does not matter significantly to this process.
3. Though Thomas Allen's famous Allen Curve and Will Strange's work on vertical density merit close consideration. medium.com/@FLOXworks/why…
Read 11 tweets
Richard Florida Profile picture
18 Jun
1. So what will life, and work, be like after the pandemic? What trends are fleeting, which are more likely to stick around? A quick thread on a new study just out in @PNASNews:
pnas.org/content/118/27…
2. The study by a large team of researchers at @ArizonaState & @UofILSystem is based on a survey 7500+ Americans betweenJuly-October 2020.
3. The study looked at reported changes in the way people work, commute, shop, & how & where they live. (One caveat which the study notes: surveys are contextual and temporally bounded so patterns & behaviors may change as we pass through the pandemic with time).
Read 14 tweets
Richard Florida Profile picture
15 Jun
1. We arrived in Toronto last week from visiting family in Michigan. Here is the process for crossing the border into Canada & dealing with COVID restrictions.
2. We were the only car in the border line in Sarnia, while trucks were back up for miles on both sides of the border.
3. We are fully vaccinated with 2 doses of Pfizer. Our 2 kids ages 4 and 5 are not.
Read 17 tweets
Richard Florida Profile picture
10 May
1. This is a very important paper which traces long distances moves for different classes of people. The big conclusion is that the moves of more affluent higher income people are away from more restrictive or stringent place to less restrictive ones.
papers.ssrn.com/sol3/papers.cf…
2. "We find 10-20% of moves between April 2020-February 2021 were influenced by COVID-19, with a significant shift in migration towards smaller cities, lower cost of living locations, and locations with fewer
pandemic-related restrictions."
3. "We find very different patterns across higher-income and lower-income migrants with higher income households moving out of more populous cities at greater rates, and moving more for lifestyle reasons and much less for work-related reasons compared to the pre-pandemic period."
Read 22 tweets

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