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Hello Nicolas, this is a highly insightful paper. I am trying to find some data regarding the geographical mismatch between the supply of private capital and the widespread and rising demand for capital and support from startups. Do you have any good source in mind? Thanks a lot :)

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Thanks Antoine—I would start with this, by Richard Florida and Ian Hathaway (a "European Straits" subscriber, too): http://startupsusa.org/global-startup-cities/

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that's great! thanks a lot Nicolas

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