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Last year, the Startup Genome Project was created to "crack the innovation code and increase the success rate of startups."
Since then, researchers have worked with more than 13,000 companies to determine success and failure factors of startups all over the world.
Startup Genome pulled out 22 findings that show the benefits and limitations of working in different startup hubs. Silicon Valley, it found, was the largest startup ecosystem, followed by New York and London.
The research seems to suggest that Silicon Valley is still the best place to start a company. New York City does have a few upsides though. For one, it has twice as many female founders as Silicon Valley.
And while Silicon Valley has Paul Graham, New York has Fred Wilson.
For more findings and research, head over to Startup Genome.
1. Silicon Valley's startup ecosystem is still much bigger than New York's
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According to the researchers at Startup Genome, the startup ecosystem in Silicon Valley is still 3X bigger than New York. It's also 4.5X bigger than London and 38X bigger than Boulder.
2. Companies in Silicon Valley are more successful than anywhere else
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Silicon Valley sees 22% more startups make it to scale stage than New York City.
3. Silicon Valley startups raise more money early on
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Silicon Valley startups raise 2-3X more than New York startups during the early stages, which Startup Genome calls Discover, Validation and Efficiency. New York startups actually raise 27% more during the scale stage.
See the rest of the story at Business Insider
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