Silicon Valley startups are devouring less of the world’s venture capital funding… sort of

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Startups based in the San Francisco Bay area grabbed 27.1% of global venture capital funding in 2013, according to the latest numbers from PitchBook Data. That share is still head and shoulders above anywhere else on the planet, but also down noticeably from 2009. On the other hand, startups in Europe and New York continue to attract a greater proportion of total venture capital dollars.

Total funding in the Bay area has still grown significantly. That’s because the venture capital pie is bigger; Silicon Valley’s share of this bigger pie is merely a bit smaller, while Europe and New York’s shares are larger.

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