Read time : 2 mins
Level : Intermediate
By Franklin Schneider | Wealth of Geeks undefined
Startups face difficult odds. About one-fifth of them fail in the first year, and nearly half don’t last five years.
Founders who start their business in a city with sky-high costs and limited access to talent may see their entrepreneurial dreams go under long before discovering if their business idea is even viable.
Historically, the West Coast has been a hub for startups and emerging tech companies, but as costs skyrocket, many young business owners moved across the country to more affordable cities on the East Coast, according to a new study from Clever Real Estate.
The top 10 startup cities in 2024 are:
- Atlanta,Georgia
- Miami, Florida
- Orlando, Florida
- Tampa, Florida
- Austin, Texas
- San Francisco, California
- Washington, D.C.
- Jacksonville, Florida
- Charlotte, North Carolina
- Dallas, Texas