Venture capital investments reached a record of $220 billion in 2018 and the value created reached $2.8 trillion, the size of United Kingdom, the fifth largest national economy
Global ranking: Silicon Valley, New York, London, Beijing, Shanghai, Tel Aviv, Los Angeles
Over two thirds of the tech-exits are concentrated in top 10 cities creating wealth disparity called the “Techlash” where jobs are displaced by technology
Long term capital investment has been pouring into high tech startups; 20-30% internal rate of return translates to 2.5-3.5x MOIC after 5 years