When David Cummings started Atlanta Tech Village his stated vision was to help make Atlanta a top ten tech startup city. We may be well on our way.

Ian Hathaway of the Brookings Institution recently published an article entitled “Early-stage venture capital: More regions get in on the action“. Interesting summary of what Ian calls “first fundings” or  initial round of professional venture investments in 2014. I played around with the results table a bit, basically consolidating areas like San Francisco/San Jose and Boston/Cambridge.  The resulting metro rank and number of deals per area is below.

1 San Francisco 630
2 New York 319
3 Los Angeles 160
4 Boston 150
5 Washington DC 69
6 Seattle 67
7 Austin 58
8 Chicago 56
9 San Diego 48
10 Atlanta 39

Atlanta has cracked the top ten in terms of regional concentrations of early-stage capital in the United States. Granted there is still a huge concentration of capital going to the Valley. There always will be. But I think we are starting to see the results of David’s vision, being carried out by lots of different entities across the entire Atlanta metro area.