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'''Metrics primarily fall into four categories: 1. Capital; 2. Talent; 3. Startup Density/Culture; 4. Startup Success.''' Common metrics used to assess entrepreneurial performance for DC include: '''1. Capital:''' Annual number of venture capital deals; Annual venture capital invested ($M); Total investments in all startups and next-wave startups; Annual venture capital invested ($M) per 1M residents; Annual venture capital invested per capita; '''2. Talent:''' Number of R1 Institutions (Very High Research Institutions); Percentage of educated millennials; Percentage of millennials in urban areas and percentage change of millennials in urban areas from 2000 to 2016; Percentage year-over-year change in educated millennials; '''3. Startup Density/Culture:''' Number of startups; Percentage of startups to total population; Percent of new entrepreneurs who created a business by choice instead of necessity; Percent of population that starts a new business; Number of next-wave startups; Percentage of next-wave startups to total startups; '''4. Startup Success:''' Average number of jobs created by startups in their first year (normalized by population); Unlocked capital ratio for all startups and next-wave startups; Exit count of all startups and next-wave startups); Rate of startup growth (jobs created by startups over a five-year time period); Number of startup acquisitions; Startup acquisition value; Startup acquisitions by industry; Percent of startups that are still active after one year.  Sources: [https://www.1776.vc/wp-content/uploads/2017/10/Innovation-that-Matters-2017-2.pdf/ Innovation that Matters]; [https://indicators.kauffman.org/data-table/ Kauffman Indicators or Entrepreneurship]; [https://www.1776.vc/wp-content/uploads/2017/10/Innovation-that-Matters-Index-2017.xlsx/ Innovation that Matters Spreadsheet]; [file:///C:/Users/elisabeth/Downloads/TechCitiesReport-Final-interactive.pdf/ Tech Cities 1.0].