- Richard Florida, The Spread of Start-Up America and the Rise of the High-Tech South
Florida is making a super weak argument here. The entire south — southeast and south-central states, and Texas — collectively raised about $2B in venture in 2010, which is the same as New York City.
Besides, innovation culture is an emergent property of cities, not broad geographic regions. Would be much more useful to see this broken out by cities, where I am sure that the Geoffrey West superlinearity equation — Y(0) = N0Y(t)B — would predict that a city of 2 million will get 1.15 times as much as a city of one million, on average, because B ≈ 1.15.