Startup ecosystem report: China is rising while the US is waning

INSUBCONTINENT EXCLUSIVE:
operate
Such is the mission of eight-year-old Startup Genome, composed of a group of researchers and entrepreneurs who, every year, interview
the U.S
To wit, China looks positioned to overtake U.S
Between the start of last year through today, that percentage has shot up to 35 percent, while in the U.S., the number of homegrown unicorns
has fallen from 61 percent to 41 percent of the overall global number.You could argue that investors are simply assigning China-based
startups overly lofty valuations, as happened here in the U.S., and we partly believe that to be true
many crypto- and blockchain-related patents registered in China last year
sub sectors, too, including, least surprisingly, adtech, which has seen a roughly 35 percent drop in funding over the last five years
No doubt that ties directly to the growing dominance of Facebook and Google, which accounted for 73 percent of all U.S
authors
In this case, while funding for adtech has dropped, virtual reality and augmented reality could well inject some new growth into the
industry at some point
able to produce sizable startups at a meaningful rate, versus Chicago, whose ecosystem is ostensibly three times bigger
report in full, click over here
find it worth it.