I was playing around in our VC funding database, and noticed that I could do searches by Congressional districts. So I decided to look at which districts had secured the most VC funding since the 111th Congress was sworn in on January 7, 2008.
My metric was # of companies funded, as opposed to total amount invested. I felt this was a better gauge of VC-backed startup activity, and less likely to be skewed by one or two big deals. Here you go:
Rep. Eshoo has been in Congress since 1993, and sits on the House Energy and Commerce Committee since 1995, the Subcommittee on Telecommunications and the Internet and the Subcommittee on Health. She’s also received $65,000 in campaign contributions from VenturePAC, the political action committee of the National Venture Capital Association.
466 companies based in the 14th District raised $6.59 billion in VC funding since January 2008, including deals for Silver Spring Networks and Pacific Biosciences.
Rep. Pelosi has been in Congress since 1987, and currently is Speaker of the House (if you didn’t know that, you probably aren’t reading this). She’s raised $9,500 from VenturePAC.
312 companies based in the 8th district raised $2.5 billion in VC funding since January 2008, including for companies like Twitter, Slide and (gulp) Canopy Financial.
Rep. Jackie Speier assumed her seat in April 2008, following the death of longtime Congressman Tom Lantos. She previously represented San Francisco and San Mateo County in the California state legislature for 18 years. She already has raised $10,000 from VenturePAC, while Lantos had not raised anything.
207 companies based in the 12th district raised $3.3 billion in VC funding since January 2008, including for companies like XOJet and Tesla Motors.
Rep. Honda has been in Congress since 2001, and has served as the House Senior Whip since 2007. He has raised $26,000 from VenturePAC.
192 companies based in the 15th district raised $2.05 billion in VC funding since January 2008, including for companies like Chegg and eASIC.
[slide title=”#5 Michael Capuano (D-MA8)”]
The first non-Cali district on our list, the 8th includes parts of academic Boston (Cambridge, Sommerville), downtown Boston (Beacon Hill) and inner-city Boston (Roxbury, Dorchester).
Capuano came to Congress in 1999, and serves on the House Financial Services Committee and the Committee on Transportation and Infrastructure. He has raised $14,000 from VenturePAC.
150 companies based in the 8th district raised $1.88 billion in VC funding since January 2008, including for companies like Ironwood Pharma and Mascoma.
[slide title=”#6 Ed Markey (D-MA7)”]
Massachusetts’ seventh district includes some communities north of Boston (Revere), but mostly includes western suburbs like Framingham (where the home office is located).
Markey has been in Congress since 1976, and chairs the Select Committee on Energy Independence and Global Warming and the Energy and Environment Subcommittee of the Energy and Commerce Committee. He has raised $4,000 from VenturePAC.
133 companies based in the 7th district raised $1.36 billion in VC funding since January 2008, including for companies like BioVex Group and Synageva Biopharma.
[slide title=”#7 Bob Filner (D-CA50)”]
California’s 50th District includes the southern half of San Diego, the South Bay cities of Chula Vista and National City and the entire Califronia/Mexico border.
Rep. Filner has been in Congress since 1992, before which he spent 20 years as a Professor of History at San Diego State University. He is one of three Reps on this list to have not raised any money from VenturePAC.
127 companies based in the 50th district raised $1.74 billion in VC funding since January 2008, including for companies like Sapphire Energy and Zogenix.
[slide title=”#8 Jerrold Nadler (D-NY8)”]
New York’s 8th District includes parts on Manhattan (Upper West Side, Hell’s Kitchen, Chelsea, Greenwich Village, Financial District, etc.) and Brooklyn (Red Hook, Sunset Park, Bay Ridge, Bensonhurst, Coney Island, Brighton Beach, etc.).
Nadler has been in Congress since 1992, and chairs the House Judiciary Subcommittee on the Constitution, Civil Rights and Civil Liberties. He also serves on the House Transportation and Infrastructure Committee, and is the other person on this list to have been shut out by VenturePAC.
121 companies based in the 8th district raised $778 million in VC funding since January 2008, including for companies like Recycle Rewards and Gilte Group.
McDermott has been in Congress since 1988, and serves on the House Ways and Means Committee, Income Security and Family Support Subcommittee and Subcommittee on Trade. He’s yet another Rep with lots of VC funding in his district, but no love from VenturePAC.
108 companies based in the 7th district raised $745 million in VC funding since January 2008, including for companies like Calypso Medical and AltaRock Energy.
Maloney came to Congress in 1992, and serves on the House Financial Services Committee and the House Oversight and Government Reform Committee. She has raised $2,000 from VenturePAC.
107 companies based in the 7th district raised $1.06 billion in VC funding since January 2008, including for companies like Invision and Undertone Networks.
The first Republican doesn’t appear until spot #15, with Darrell Issa of California’s 48th District. The next is Rep. Frank Wolf (R-VA10) at #20.
Kind of ironic, considering that the National Venture Capital Association typically gives more campaign donations to Republicans (albeit not last time around)…