Las Vegas Ranked Best City in America for Pre-IPO Startups

“If one takes time to understand the entrepreneurial scene in Las Vegas, they will find all the key elements – engaged civic leaders open to learning about the startup ecosystem, where they collaborate on the vision and provide government sponsorship of events, gatherings, and tax breaks,” said Sherwood Neiss, principal at Crowdfund Capital Advisors, which released a recent study on the best U.S. cities for startups.”

“The [Las Vegas] community has training and mentorship programs for local entrepreneurs. It has benefitted from revitalization efforts from large companies and hosts trade shows, funding programs, co-working spaces, and a low living cost. This is why Las Vegas has become one of the fastestgrowing tech hubs in the country,” he added.

Las Vegas moved up nine spots to displace Austin in the 2023 study, which seeks to determine where startups have the best chance of success by using data from over 6,000 companies in the 100 biggest U.S. cities that have raised money online from investors, primarily in their communities.

The study sighted the diversity of Las Vegas start-ups, calling out affordable prefab housing company Boxabl, HVAC & Plumbing rollup firm Snowball Industries, and on-demand mobile IV drip therapy company ResetIV.

Downtown Las Vegas Entrepreneurial Tech Hub

man stands in front of white board during meeting presentation

If you’re a pioneering entrepreneur looking to expedite your project and bring it to market faster, while also connecting with creative like-minded individuals, the city of Las Vegas’ Innovate.Vegas program is a good place to start.

A major part of the program are the city’s two Innovation Centers located in the Innovation District of downtown Las Vegas. These collaborative workspaces are ideal for companies developing emerging technologies and are considered a development hub for new technologies that align with city priorities, including AI, virtual/augmented reality, cybersecurity, water science, advanced mobile data, IoT.

To become even further engaged in Las Vegas’ dynamic tech community attend a Tech Alley event. Tech Alley supports tech and startup communities by providing a platform that coordinates local technology, entrepreneur, and business meetups into monthly free full-day events for the community to share knowledge, network, and participate in the tech and startup ecosystem.

If you would like to keep up on the latest news in Las Vegas’ business and development community check out Down To Business. To learn more about downtown Las Vegas’ vibrant urban lifestyle call 702.816.5466 or visit Juhl, the modern loft-style high-rise condominium community on Bonneville Ave. in Downtown Las Vegas.