PitchBook cites challenges facing Atlanta start-ups in an “on fire” city
You’ve probably heard the phrase that “all that glitters is not gold.”
In this recent “News and Analysis” from PitchBook, the company says that Atlanta’s emergence as a technology hotspot does not come without a set of challenges. Two issues were cited:
- Four years ago, venture capital funds flowing into Atlanta-based start-ups had barely cracked $850 million, according to PitchBook data. Total investments in 2020 were nearly $1.8 billion, and the momentum has continued this year with several big deals in the books already. That’s the good news, but those emerging companies need funds to write bigger and bigger checks.
- The other challenge is the one about retaining talent as more opportunities emerge for highly-qualified individuals.
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