Venture Capital, Diversity, Density

The Connection Between Venture Capital and Diverse, Dense Communities - Richard Florida - The Atlantic Cities: " . . . venture capital investment is positively associated with both density measured as people per square mile (.52, .38) and even more so with population-weighted or concentrated density (.64, .55). In addition to this, there is an interesting connection between the way we commute and the geography of venture capital investment and start-up activity. Venture capital investment, according to her analysis, is negatively associated with the share of commuters who drive to work alone . . . Taken together, these findings are suggestive of an urban shift in venture capital and start-up activity. The reasons for this, as I've noted previously, include the urban preferences of a growing segment of tech talent, the changing nature and speed of technology, and the tight clustering of end-users and consumers in urban centers . . . When all is said and done, venture capital and start-up activity today is associated with denser, more talent-driven, more diverse and innovative metros, reflecting the increasingly spiky nature of America's economic landscape. . . ."

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