US Regions Beat SF/NYC/LA on VC Multiples, Yet Capital Stays Concentrated

arian_ghashghai · x · 2026-10-29

X user arianghashghai quotes @brettcalhounn's line that talent is spread evenly across the country while capital isn't, adding that per Pitchbook many US regions already produce better multiples on invested VC capital than startups in SF/NYC/LA — DC ranks #1 — while the vast majority of capital still concentrates into SF-centric firms and mega funds, with established firms raising 88% of all LP capital in 2026 to date. He also notes talent is spread across the planet, not just the US.

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