In the latest annual Kauffman study for startup funding growth, San Jose rose from fifth to third place on the list behind Washington D.C. and Austin. Note that this ranking is for growth and not total funding. In terms of total funding, the Bay Area nabbed $34 billion in investment during 2015, which is 27% of all the money invested in startups for the entire world. San Francisco dropped rank in the study from sixth place to eighth place.
The report also ranked the San Jose metro as being #1 for "emerging growth IPO density," whatever that means. San Francisco clocked in at #2 for that list.