CNBC recently reported that California has the world’s fifth-largest economy (based on figures from the U.S. Department of Commerce). And they add that in 2019 the state saw $65.6 billion in venture capital (VC investment money), “by far the highest of any state.”
But another CNBC article cites predictions that Silicon Valley’s share of VC investments will drop below 20% for the first time this year the continuation of a slow decline that’s been happening since 2014. And there’s also recently been news stories about an “exodus” of tech workers from Silicon Valley proving the old truth that what’s happening depends on which data set you’re looking at.