San Francisco Still Gets All the Money

742

Sam Biddle

07/12/13 11:51AM

Filed to: money

Last month, San Francisco startups raised $1.3 billion—more than New York, Boston, and LA put together, and more than a quarter of all the investment cash in the entire United States.

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victor Sam Biddle 07/12/13 01:54PM

That is all..

seanmwestcott Sam Biddle 07/12/13 01:30PM

OK a couple of fun ways to waste money I found in the details Lolly Wolly Doodle 21.5 Million (online children's clothing ) tria beauty 40.5 million (laser hair removal) modcloth 25 million (indie clothing? what does that eave mean)

HiMyNameIsNoLongerJay seanmwestcott 07/12/13 02:04PM

One would think that if you have $25 million in investor backing then you are, by definition, no long an "indie" (independent) clothing line.

araucaniad HiMyNameIsNoLongerJay 07/15/13 10:51AM

Oh, you know, there was a great Strong Bad Email about the difference between "indie" and "independent" films. It was basically the difference between Garden State and Pi.

skt.smth Sam Biddle 07/13/13 05:18PM

In return for this $1.3 billion, investors received a photocopy of a picture of a hockey stick, an app that helps Bay Area clowns find birthday parties to perform at, and three (count 'em, three) extremely cute and/or edgy names for future web services.

Anonymous223 Sam Biddle 07/15/13 01:03PM

According to the latest BLS release, there is about $770 billion invested in the US economy every month. Not sure how you get to the "investment cash" figure (implying about $5 billion invested in the US in June 2013.)