Despite the insistence of many that startups can thrive outside Silicon Valley, it clearly pays to be there, or in New York or New England if you want venture capital.
Nationally, VCs invested at a rate not seen since mid-2001, putting $9.5 billion to work in 951 deals in the last quarter, according to a report prepared by PricewaterhouseCoopers and the National Venture Capital Association. That was a 12 percent increase in total investment, with much of it flowing into large deals for later stage companies like Dropbox, which raised $325 million in February.
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