California

Highlights

• #1 of 50: Venture capital
• #1 of 50: Startup formation
• #1 of 50: Scale-ups

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital +2.4 #1 of 50
• Startup formation +1.6 #1 of 50
• Scale-ups +2.2 #1 of 50
• Economic output and wealth +1.6 #4 of 50
• Innovation and patents +1.2 #3 of 50
• Talent +0.9 #6 of 50
• Momentum +0.1 #21 of 50

Top companies

The largest companies headquartered in California, by latest annual revenue.

1. Meta Platforms Inc. META · Technology · Menlo Park · San Francisco–Oakland, CA metro $201B
2. Walt Disney Company DIS · Consumer Discretionary · Burbank · Los Angeles, CA metro $94.4B
3. Wells Fargo & Company WFC · Financials · San Francisco–Oakland, CA $83.7B
4. Ingram Micro Holding Corporation INGM · Technology · Irvine · Los Angeles, CA metro $52.6B
5. Uber Technologies Inc. UBER · Industrials · San Francisco–Oakland, CA $52.0B

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in California

• San Francisco–Oakland, CA #1 of 109 metros 100
• Los Angeles, CA #9 of 109 metros 67
• Riverside–San Bernardino, CA #101 of 109 metros 14