Venture capital firms are located throughout the United States and the world. Many U.S.-based firms are headquartered in California and on the East Coast. Most VC firms have fewer than 15 employees. The National Venture Capital Association reports that companies in 50 states and the District of Columbia received VC funding in 2018. Much of venture capital investment is concentrated in start-ups in California. The next most-popular states for VC investment are Massachusetts, New York, Texas, Washington, Illinois, Florida, Colorado, Utah, and Pennsylvania.
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