Venture capital firms are located throughout the United States and the world. Many U.S.-based firms are headquartered in California and on the East Coast. Most VC firms have fewer than 15 employees. The National Venture Capital Association reports that companies in 47 states and the District of Columbia received VC funding in 2014. Fifty-seven percent of venture capital investment was concentrated in start-ups in California. The next most-popular states for VC investment were Massachusetts, New York, Texas, Washington, Illinois, Florida, Colorado, Utah, and Pennsylvania.
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