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Starting from 1960's, the venture capital and private equity focused on tech companies which are mostly founded in San Fransisco Bay Area. Now as it has become a global phenomenon, a Canadian research institute publish a report to track worldwide venture capital.

Venture capital originated from the funding provided to seed early-stage, and emerging growth companies. The first venture capitalist was Georges Doriot, who established American Research and Development Corporation (ARDC) in 1946. He was also dubbed as father of venture capitalism.

Starting 1960's, a lot of tech companies arose in San Fransisco Bay Area in northern part of Caifornia. Along with them, many venture capital firms were also established there, such as Menlo Ventures, Mayfield Fund, and Oak Investment Partners.

The venture capital firms played a very important role to support the booming of Bay Area becoming Silicon Valley in the 1980's. With the rise of tech startups such as Apple Computers, Compaq Computers, Electronic Arts, and Federal Express.

Now, the venture capitalism has gone global. A professor of New York University and director of the Martin Prosperity Institute at the University of Toronto, Richard Florida is interested to study the phenomenon of venture capital worldwide. Along with his colleague, Karen King, they studied the Thomson Reuters data to track worldwide venture capital investment in high-tech startups.

In his article published in The Atlantic, Richard Florida wrote, "Although venture-capital investment has certainly "gone global" by spreading to places like China and India, the dominant centers remain large U.S. cities that combine density, great universities, and the open-mindedness and tolerance required to attract talent from across the world."

In the report entitled "Rise of the Global Startup City," nine of U.S. cities made top 10 of amount of venture capital investments, with only Beijing as non-U.S. city on the list. Six of the U.S. cities almost took a half of more than $40 billion investment of venture capital funding.

Mr. Florida wrote in Business Insider, "Taken together, these six metros—San Francisco, San Jose, Boston, New York, Los Angeles, and San Diego—account for roughly 45 percent of total global venture capital investment."

In the list, the Top 10 metro cities accounted more than half of the global venture investment, and the Top 20 accounted for almost two-thirds.

Richard Florida admitted in in his CityLab's article that a number of global cities outside the United States has become significant centers for venture capital-backed high-tech startups. Cities such as London, Paris, Moscow, Toronto, Beijing, Shanghai and Mumbai. While the leading centers for venture-backed tech startups are still the Bay Area and the Boston-New York-Washington Corridor.

Although it has been a global phenomenon, U.S. is still the undisputed center for venture capital and venture-backed high-tech startups. As shown by the recent report from Martin Prosperity Institute at the University of Toronto.