Looks like Silicon Valley has some competition …
According to a CrunchBase analysis, from 2009-2014, 341 U.S.-based startups received funding. Of those 341 businesses, 15.5 percent have at least one female founder. Even better news? In 2009, 9.5 percent of startups had at least one woman founder; by 2014, that rate has almost doubled to 18 percent. So where is the most popular place for women to launch their startup business?
Brooklyn is the national front-runner for for women-led startups, with 28 percent, 33 businesses in total, reporting to have at least one woman founder. Brooklyn is quickly outpacing other tech-centric cities such as San Francisco (16 percent of startups have at least one woman founder) and Palo Alto, Calif. (12 percent). With companies such as Etsy, MakerBot and Kickstarter all calling Brooklyn home, it’s really not surprising. So, why Brooklyn?
Some say the borough’s affordable rent has something to do with it — at least when compared to rent prices in Manhattan and Silicon Valley. Others say Brooklyn’s cool quotient is driving entrepreneurs to set up shop there. Fortune points out that Brooklyn’s accessibility is a major reason why so many tech companies are flocking to the borough. The Brooklyn Tech Triangle, an area that includes the Brooklyn Navy Yard, Downtown and DUMBO, is accessible by nearly a dozen subway lines. Furthermore, New York State has shown a commitment to developing tech companies.
What are your thoughts? Do you think Brooklyn is a serious contender to be the next great tech city? Or is this just a fad? Let us know by commenting below.