California Has Largest Number of Top Venture-Capital-Backed Companies

According to the Wall Street Journal‘s article, “Looking for the ‘Next Big Thing’? Ranking the Top 50 Start-Ups,” 37 out of 50 venture-capital-backed companies are based in California – a state in which the largest share of venture capitol is invested. The statistics published in WSJ’s third annual ranking of the top venture-capital-backed companies, reveals an interesting batch of contenders. Many find this to be a promising sign for California’s economic foothold. Eligibility for the rankings include recent growth in value, fundraising success, and track record of the company’s founding members. Ranked the 9th largest economy in the world, California is also the only U.S. state to make the Top Ten list of the world’s largest economies in 2011 (in billions of U.S. dollars), which is compiled from World Bank data and other sources. For more details on the California Economy visit http://www.ccsce.com/index.php.

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