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Silicon Valley is so dominant again, its startups devoured over half of all global VC funding in 2024


For all the chatter about the decline of San Francisco, the data repeatedly shows that the area is still the best place for venture-backed startups.

For all the chatter about the decline of San Francisco, data repeatedly shows that the Bay Area, including the city itself, is still the best place for venture-backed startups. This self-fulfilling cycle shows no indications of flagging in 2025, in part because the Bay Area still offers the largest concentration of skilled tech employees. With such high density of everything from financiers to engineers, meeting the people necessary to build a startup is just easier, say founders who’ve relocated to San Francisco in 2024.

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