The Internet is still the dominant U.S. sector for investment, although funding dropped 26 percent in the last quarter of 2016. Despite that fall, it still saw $4.6 billion of investment in Q4 2016 with notable deals including OpenDoor Labs ($210m), Buzzfeed ($200m) and Stripe ($150m), according to CB Insights and PwC.
Over the past 20 years, American Internet companies have attracted $187 billion in investment, the most of any business sector in the country. Healthcare comes second with $150.4 billion since the mid 90s while mobile and telecommunication rounds off the top three with just over $115 billion. At state level, it comes as little surprise California brought in huge levels of investment, fuelled by Silicon Valley's innovation. Over the past 20 years, California attracted $367.8 billion of investment, far ahead of second placed Massachusetts' $80 billion.