Boston Named No. 1 City to Launch a Startup in the U.S.

May 21, 2016

A report released by Washington, D.C.-based startup incubator 1776, in collaboration with the U.S. Chamber of Commerce, recently named Boston the top city in the U.S. in which to launch a startup. The report analyzed six metrics to evaluate the cities, including available talent, access to startup capital, industry specialization, urban density, ecosystem connectivity and lifestyle and culture. San Francisco ranked second, followed by Denver, Raleigh-Durham and San Diego.

Below is a recap of this week’s other trending conversations and news from Boston’s startup ecosystem.

BostInno: Full List of 128 MassChallenge Startups for 2016
MassChallenge, the Boston-based accelerator program, revealed the 128 startups participating in its 2016 class. The startups, ranging from an alcohol delivery app to an at-home beauty services provider, come from nine countries and 16 U.S. states. At the end of the four-month program, the companies will compete for the chance to win $1.5 million in zero-equity cash awards.

Boston Globe: 3 things venture capital should do to bring more women into the business
Data-obsessed venture capitalists have no idea if things are getting better or worse when it comes to women in the venture capital industry because no one is collecting data or insights on the issue. Maria Cirino, co-founder of Boston-based .406 Ventures and a member of the NVCA task force, told the Globe, “I’d categorize it as a very good start. Do we have data? No. Are we working toward it? Yes. Do we have a long way to go? Yes. It’s a continual sort of drumbeat. Every time you show up at an NVCA event, you hear about [diversity].”

Fortune: Liberty Mutual Insurance Global Consumer Markets Launches New Venture Capital Group, Announces First Investment
Liberty Mutual launched a strategic corporate VC arm that will focus on early-stage companies at the intersection of technology and services for the insurance industry. It’s $150 million, and under the umbrella of the insurance giant’s personal insurance business unit. Russ MacTough, a managing director with Liberty Mutual Strategic Ventures told Fortune, “We’ll have three core focus areas. The connected home, next-generation vehicles and the on-demand economy.”

Xconomy: Boston Deal Watch: RedPoint Global, Nift, BlueArchive, Cogito
Carbonite co-founders Jeff Flowers and Dave Friend raised more than $1.9 million for their new venture, BlueArchive. The company is a new cloud data storage company and is in stealth mode.

What are your favorite Boston-based stories from week? Tell us what we missed.

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