The PriceWaterhouseCoopers MoneyTree Report allows you to break down investments by year, region, state, industry, stage (seed, early, expansion, or late), and funding round. I looked at seed and early stage company funding data from the report from years 2005 to 2011 (through Q3) to compare Georgia to other tech hot spots. I focused the comparison to North Carolina, Texas, New York, and Boston. I compared Startup / Seed stage and Early stage investments by amount and number of deals. I did not break it down by industry – although that likely would account for some of the differences. I also looked at 1st funding rounds, but the conclusions were similar so I did not include them here.
It is also important to note that while this is the best source of data I know of, the report doesn’t capture every deal and doesn’t seem to include angel funding. It seemed to include 2 of the 3 local venture firms I specifically looked up. Therefore, the numbers are clearly inaccurate. However, the same issue exists for all regions so I’ll use this as ‘directionally correct’ rather than exact.