Is EvoNexus an alternative to Silicon Valley for startups?

Seven years ago, EvoNexus was a startup for startups.

The fledgling tech incubator floated between a couple of mostly empty office buildings, where voices echoed through abandoned cubicles. Off in a corner, it provided a few desks, Internet access and mentoring to a handful of San Diego startups at no charge.

Today, the echoes are gone. Since it opened, EvoNexus has given 134 companies a jump-start in its three locations — downtown San Diego, University City and Irvine. These firms have raised $297 million in angel and venture capital equity funding.

Seventeen have been acquired, pushing the total “outcomes” for EvoNexus companies — money raised plus the amount paid by acquirers - to over $1 billion.

READ THE FULL ARTICLE: https://www.sandiegouniontribune.com/news/2016/may/14/evonexus-qualcomm-irvine-incubator-startup/