The share of VC deals that are done in Silicon Valley is at an all-time low

The San Francisco Bay Area is the home of Apple, Google, and Meta, but its grip on the technology sector’s future is arguably weakening. Though it remains the single biggest region for US deals involving venture capital, the area’s share of these deals has been on the decline and now stands at 18.6%, according to PitchBook, which tracks private capital markets.

The collapse of Silicon Valley Bank, which was felt more acutely in this market, where it funded many startups, may further contribute to the decline in deal activity in the Bay Area, PitchBook notes. READ MORE