The U.S. has seen over 21 million new business applications in recent years. However, not all states provide equal opportunities for startups. Research from Booking.com revealed Montana is the top state for startups, boasting a high startup opportunity score of 9.55 and a ten-year survival rate of 41%. In contrast, California, home to many major cities like San Francisco and Los Angeles, ranks tenth primarily due to low survival rates. Key metrics included startup density and longevity, helping to assess each state's entrepreneurial climate.
Montana topped the ranking with a startup opportunity score of 9.55, highlighting its entrepreneurial climate, with a significant number of startups relative to its population.
While California cities like San Francisco and Los Angeles are known for startups, the state itself ranks only tenth due to low ten-year survival rates.
The analysis created a startup opportunity score based on the total number of startups, their density per 100,000 people, and their survival rates over a decade.
Among the top cities, San Francisco led the list in terms of startup presence, sheltering major companies like OpenAI and Grammarly.
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