TLDR:
- VC funding has exploded over the last 10 years.
- All 50 states have seen VC funding growth compared to GDP.
In a recent study, it was found that high interest rates have made venture investors more conservative, affecting startups’ ability to raise funding. However, over the past decade, there has been a significant increase in VC funding across all 50 states. The growth in VC funding ranges from 1.2X GDP in Rhode Island to an impressive 57.9X GDP in Wyoming. This article ranks all 50 states based on their VC funding growth compared to GDP.