While US venture investment has remained concentrated on the coasts, with a handful of New York and Bay Area startups capturing the bulk of overall VC dollars, the performance of those investments has been much more mixed.
Backing startups in smaller hubs, such as Washington, DC; Miami and even Phoenix, has been more lucrative this year for VCs on a MOIC (multiple on invested capital) basis, according to new PitchBook data. READ MORE
