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Silicon Valley has long been the epicenter of venture capital-financed high-technology, but a new report shows D.C. is climbing the ranks of best metropolitan areas for venture capital, according to The Atlantic Cities.
Martin Prosperity Institute’s figures for venture capital in 2012 show than the San Francisco-Oakland area has in fact overtaken it as the nation's leading center for venture capital, with investments reaching more than $6.8 million. Washington, D.C. ranked No. 10 with $484 million in investments and 117 deals. San Jose-Sunnyvale ranked No. 2 with nearly $4 million, followed by Boston, New York, Los Angeles, San Diego, Seattle, Austin and Chicago.