New York City has topped San Francisco when it comes to startups raising VC cash - but it may not last
- The New York City metropolitan area was the most highly-funded region of the US in the third quarter of 2017 - pushing San Francisco out of its long-held spot.
- Startups in NYC saw $4.227 billion in funding during the third quarter of 2017, up from $2.689 billion in the second quarter.
- Funding in San Francisco/North Bay Area was flat from last quarter, with $4.177 billion invested in local startups.
New York City has surpassed San Francisco as the region whose startups attract the most venture capital money, thanks in large part to a mega-round of funding scooped up by co-working company WeWork.
San Francisco, home to Uber, Twitter and numerous other big tech names, has long dominated the startup funding rankings. But it's worth nothing that Silicon Valley - the venture capital and tech hub just south of San Francisco - is calculated as a separate region in the MoneyTree report.
Silicon Valley companies saw $2.2 billion in funding for the third quarter - a big dip from $4.1 billion in the quarter prior.
Here's how these regions compare to the rest of the US: