JULY/AUGUST 2017 BCBUSINESS 25 SOURCE: GLOBAL STARTUP ECOSYSTEM REPORT 2017. ALL FUNDS IN U.S. DOLLARS
ECOS Y S TEM
DEMOGRA P HIC S
ECOS Y S TEM
P ERFORM A NCE
FUNDING
BIG EXITS
METROPOLITAN GDP
$110 billion
Global avg.: $267 billion
ECOSYSTEM VALUE
$9 billion
Global median: $4.1 billion
EARLY-STAGE
FUNDING PER
STARTUP
$334,000
Global avg.: $252,000
STARTUP OUTPUT
8001,100
Global avg.: 1,762
EARLY-
STAGE
FUNDING
GROWTH
INDEX
4.9
Global avg.: 5
METROPOLITAN
POPULATION
2.5 million
$575
million
Dating website
Plenty of Fish
sold to
IAC/
Interactivecorp
in 2015
$233
million
PayPal Holdings
Inc. buys pay-
ments provider
Tio Networks
Corp. in 2017
$153
million
Software devel-
oper Bit Stew
Systems
Inc.
sold to
General
Electric
Co. in
2016
Average software
engineer salary
Global average: $49,000
Software engineers with
at least two years' prior
experience in a startup
Global average: 72%
Percentage of customers
that are foreign
Global average: 23%
Female founders
Global average: 16%
Immigrant founders
Global average: 19%
E
70%
57%
12%
30%
$55,000
