California companies raised $30.1 billion of venture capital funding in the 1st quarter, a new record.
Venture capital is a key funding source for high technology startups and other young firms.
A recent report on Silicon Valley discusses the region's economic growth. We consider the role that Silicon Valley, San Francisco, and Marin play in California's main state government revenue source, the personal income tax.
Venture capital investments play a key role in financing new technology firms. California--especially the Bay Area--receives a very large share of such investments.