More and more software is being delivered to businesses through the cloud. But despite Silicon Valley’s reputation as the world epicenter of technology, the Bay Area is losing out on these newer software companies, according to one East Coast investor.
David Paul Morris/Bloomberg News OpenView Venture Partners Managing Director Adam Marcus, whose firm is in Boston, pulled together a list of 96 public companies that deliver business software as a Web service and found that two-thirds of them were founded and continue to be headquartered outside the Bay Area, in places ranging from Weston, Fla., to Tulsa, Okla., to Israel and Beijing.
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To read the full, original article click on this link: Is Silicon Valley Losing Out on Business Software Companies? - Venture Capital Dispatch - WSJ
