Zhang, Junfu - In: Economic Development Quarterly 21 (2007) 2, pp. 124-147
This article examines start-ups' access to venture capital in Silicon Valley using a comprehensive database. The author … finds that Silicon Valley consistently absorbs 20% to 26% of the total venture capital investment in the United States, and … start-ups in this region benefit from the abundance of local venture capital. Venture-backed firms in Silicon Valley receive …