“Atlanta has long been a city that welcomes and nurtures talent, entrepreneurship, and innovation,” said Mayor Reed. “I am confident that this trip will enable us to position our city as an ideal location for long-term tech investments and ensure that Atlanta’s technology sector continues to grow and thrive.”
Atlanta leaders will visit the heads of major technology companies, including Google, Facebook and Cisco during the three-day trip to San Francisco and Palo Alto. Currently, just 5 percent of all venture capital investment goes to the Southeast, which includes Florida, Georgia and North Carolina’s Research Triangle Park. The delegation is hopeful the trip will spur investment in promising Atlanta startups.
“Atlanta is one of the most attractive cities in the United States for Silicon Valley investors,” said John Yates of Buckhead law firm Morris, Manning & Martin LLP and a delegation member. “We have the ingredients venture capitalists seek — major universities, talented entrepreneurs, leading incubators and active angel investors. And two-thirds of VC investment last year was in areas where Atlanta is a leader — information technology, healthcare and financial services.”
Since 2010, Reed and Invest Atlanta have made significant investments to further Atlanta’s reputation as the technology hub of the Southeast. With a strong foundation in established tech companies and organizations including AT&T and the Atlanta Tech Village, both in Buckhead, Atlanta is also home to industry transforming tech startup companies including Cardlytics, a leading advertising and technology company and a pioneer in card-linked marketing, and athenahealth, one of the fastest growing healthcare IT companies in the country. Metro Atlanta is currently ranked 12th in the nation for tech startups.