How Will COVID-19 Affect Bay Area Venture Capital Investment?
The Bay Area is renowned globally for its strong presence of technology giants, successful startups, and unmatched ability to capture venture capital investment. These factors have largely influenced and driven the Bay Area’s economic growth over the last decade, exemplified by its rapid GDP growth. The Bay Area has retained the largest share of investment than any other region in the U.S., boasting 115 unicorn companies as of September 2020, and of those valued over $10 billion over half are headquartered here. However, since the beginning of the pandemic, venture capital investment has slowed when comparing deals made in 2019. But there are still many positive economic indicators that could signal a rebound in the coming months. The Bay Area Economic Institute published the first chapter of its upcoming biennial Bay Area Economic Profile this week: The Future of the Bay Area’s Innovation Ecosystem>>
Find out more about what the future of the Bay Area’s economic recovery will look like at the Bay Area Economic Profile Virtual Launch Event, presented by Fifth Third Bank, on Friday, October 22 from 9:00am to 10:30am. This 11th edition will focus on understanding key indicators as the region recovers from the COVID-19 recession. We will continue to publish new chapter reports in the coming days featuring data on employment, housing markets, population change, transportation and more! Register today>>