It should come as no surprise that California leads the nation in the number of companies that are VC funded. In fact, in 2009, the state was home to more than 40% of the nation's venture backed companies. The next closest states are Massachusetts with 11%, New York with 6% and Pennsylvania with 5%.
Despite the obvious leaders, there are a few surprises as well. Two states in the Mountain West have a surprisingly high number of venture back companies. Colorado and Utah rank 5th and 6th, respectively, in the number of VC backed companies per capita (Colorado has 1 VC backed company for every 89,728 in population and Utah has 1 for every 89,825). Also surprising, Arizona, Florida and Nevada have remarkably few VC backed companies. Arizona ranks 35th, Florida ranks 39th and Nevada ranks 41st.
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