Top US venture capital locations: Silicon Valley, New England, New York City

Of the ten regions garnering the largest amounts of venture capital in 2004, more than half experienced an increase in investing over 2003. Silicon Valley captured $7.1 bln, up 13% over the prior year. And, New England secured $3.1 bln, climbing 6.6% from 2003. Some other regions chalking up sizeable increases in 2004 were the Southeast, San Diego, and the Northwest. Taken together, the top three regions in 2004 – Silicon Valley, New England, and NY Metro – accounted for 56% of the dollars invested and 49% of the deals reported in 2004, according to PriceWaterhouseCoopers.