Shunning traditional hubs such as San Francisco and New York, entrepreneurs are taking their laptops and heading to—the beach. Miami Beach, that is.
With a skyrocketing number of venture dollars swirling in the air, it seems the breeze is beckoning tech startups to come and test the waters throughout the Miami area. Venture deals have amounted to $3.5 billion this year across 234 transactions, which is nearly three times more than was reported in 2020, according to PitchBook data.