The underlying data is from 2012, pretty sure it is wrong for 2015. Asia (China, India, SE Asia) have seen huge investments in the last few years (post 2012).
part of this is definition -- what is "venture funding" -- b/c if you simply count any type of private finance I think you'd find it is more of a continuous distribution (if still coastally-weighted). it's fair to say VC is mostly SV or NY, but I think that says more about how small the world of "venture capital" is compared to the larger world of private finance. this is not necessarily about where innovation happens, and certainly not about where economic output happens.
That article is so arrogant sounding. Of course most of the funding is coming out of SV. Because most VC won't fund anything that isn't in SV or maybe NY. If your from SV they'll fund dog butt social flipper app but sorry I get that your company has revenue and makes a profit it just doesn't meet our funding criteria. I suppose the rest of the IT departments and universities around the world are run by a bunch of nose picking hill-billies. With out the sophisticat-un of them there city folk.
Anyone in finance that is not ignorant or malicious can see how problematic this is.<p>American, SV and NYC "entrepreneurship" are mislead by the idea of American exceptionalism.<p>These are a consequence of EXTREME centralization of global investable capital in select networks. Had it been deployed evenly, you'd see unimaginably terrific ventures across the world.