The best (and worst) states to begin a start-up

The best (and worst) states to begin a start-upThe best (and worst) states to begin a start-upStart-ups are cool. You can learn a lot working at a start-up given that you know its a start-up and everyone is figuring out what works on the fly (this is also a metaphor for life).However, if you have a brilliant idea that the world needs to see, and youre thinking about starting up a start-up, its best to know where to start up a start-up before you close down before you even start up.Phew.Lucky for you, weve already done the research. Welcome to the point of this study.Today, were looking at the best states to start up a start-up. And that was my last use of alliteration, I promise.These are the 10 best states in America to open a start-upMassachusettsCaliforniaColoradoWashingtonNew YorkUtahVirginiaMarylandOregonTexasWell, well, well Silicon Valley actually isnt the best place to be in the start-up world after all.Why?Lets dive a little deeper into the data.Summary of findingsMassachu setts is the best state for start-ups each establishment received an average of $2.5 million to begin operationsCalifornia, home to the aforementioned Silicon Valley, comes in at second on the list the state still had the most deals for start-ups at 586Colorado, Washington, and New York round out the top five statesMississippiranks as the worst state to begin a start-upWyoming,South Dakota, Montana, andAlaskaround out the bottom fiveHow we did itFor this study, we created an index using data fromPricewaterhouseCoopersQ2 2018 MoneyTree ReportandThe Kauffman datenbankindex.Each state was ranked across four categories involving start-upsThe states Kauffman IndexOverall deals for start-upsDeals for start-ups per-capitaThe amount start-ups were funded per-capitaThe Kauffman Index separates states by larger and smaller distinctions, then ranks each state 1 to 25 based on their rate of startup growth.The other three figures are self-explanatory, but all come from PwCs data.Amount per-cap ita comes from dividing the total amount of money funded for start-ups by the states population.Deals per-capita comes from dividing the total number of deals by the states population.Note thatLouisiana, West Virginia, andOklahoma, along with the bottom five states, had no deals or funding available in the data.Wrapping upOverall, PwCs report states that a record $23 billion was invested across 1,416 deals nationwide during Q2.So theres no time like the present to grab a patent for your game-changing idea of sunglasses for dogs and get to shakin and movin.Now, lets check out where each state ranksThis article first appeared on Zippia.