Is Seattle giving Silicon Valley a run for it’s money?
In recent years, the city has added more high-tech jobs than any other.
Seattle’s startup “ecosystem” brought in a record $3.51 billion in venture capital this year. Over 374 deals.
Some say it was be inevitable. There were a lot of resident tech giants. It was only a matter of time before they’d start training the leaders of some heavy hitting startups.
Which locals? Guys like Jeff Bezos and Jeff Wilke.
They were also two of the early backers of a record-breaking startup, Convoy.
It surprised everyone when it hauled in $400 million in a venture round this year.
It was the largest the region had seen in over a decade.
Convoy is a digital platform that pairs truckers with available freight jobs.
And all of the new investors who joined Convoy’s latest round were based outside of the Seattle region.
And there’s nearly $2.2 billion remaining, ready to be deployed.
Read more here.