The quarterly investment flows are pretty lumpy, so to measure market share I’ll use trailing-12-month data. Over the 12 months ending in March, 29.9% of US venture investment flowed to Greater Silicon Valley — down from more than 40% in 2018 and 2019. The combined share of the next three VC destinations held more or less steady, while the share for the rest of the US rose from 29.9% at the end of 2019 to 38.6% as of March. It looks a bit like the “rise of the rest” egged on by venture capitalist and AOL co-founder Steve Case, only it’s happening amid an overall collapse in VC investment that’s probably not exactly what he had in mind.
- Date Posted:
- May 3, 2023
Chile has moved to take state control of key lithium projects in an attempt to develop its vast resources of the key electric car battery metal after decades of two industry leaders dominating production. The value of the country’s two lithium incumbents has slumped by a collective $8.5bn since the announcement. But mining executives and analysts believe the strategy unveiled last month will have the opposite effect, further eroding the attractiveness of the world’s second-largest lithium producer as an investment destination, to the benefit of Australia, Argentina and several African countries. With alternative supply set to flourish in Australia, Canada, the US and Argentina, and uncertainty over the longevity of lithium’s boom as work proceeds on alternatives like sodium-ion batteries, the west’s need for Chile’s supplies is not assured.