In crowdfunding, the data already shows it. 64% of funded Reg CF capital now goes to companies outside California, New York, and Massachusetts, up from 47% in 2016. The top five states' share fell from 74% to 52%. California alone went from 44% to 26%.
And the per-resident leaders aren't who you'd guess: Wyoming, Nevada, Utah, Colorado. Take away the gatekeepers and the map of where innovation gets funded looks nothing like the venture map.
A real question: is capital actually decentralizing, or is crowdfunding just reaching the places venture was never going to fund anyway? Curious which way people see it.
Comment "CCLEAR" and I'll send you the full brief.
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CCLEAR
I'm eager to get the report. In my city of 300k, there has only ever been one Reg CF offering. Ever.