A TNW Report summarizes Startup Genome‘s Global Startup Ecosystem Report and Ranking 2017, The 150-page report is based on research covering 10,000 startups and 300 partner companies. This is Startup Genome’s third comprehensive report, based on speaking with entrepreneurs and massive amounts of data on startups.
The report mentions that this year’s top three startup ecosystems are Silicon Valley, New York, and London. However, the US is losing dominance to Asia and Europe. Los Angeles and Chicago, for example, had the biggest drop of the top 20 cities, mainly due their lowered scores in ‘global connectedness’.
Silicon Valley is still number one in most categories; however, the tech mecca has been replaced by Singapore when it comes to talent. High salaries are one of the main factors why Silicon Valley has lost first place, in addition to the difficulties of early-stage startups to attract experienced talent.
To read details of the full report coverage and analysis by TNW, visit https://thenextweb.com/insider/2017/03/20/global-startup-ecosystem-report-2017/#.tnw_l7yv7Foy