The Bay Area has long been the undisputed center of the startup world, but there are early signs nontraditional hubs are gaining steam. In 2021, markets like Miami, Austin, and Philadelphia saw higher year-over-year growth in first financings than the Bay Area and New York as record-breaking levels of venture capital spread across the US ecosystem and entrepreneurship reached an all-time high. What’s spurring startup migration to new zip codes? In this panel, PitchBook research analysts will follow the flow of capital across US cities, explore macro trends, and detail disruptive emerging technologies to provide investors, founders, and startups the insights they need to navigate the rapidly changing innovation ecosystem.