Baltimore's tech ecosystem is thriving with the rise of venture capital firms and startups. The increase in locally founded venture capital firms demonstrates the region's ability to attract and support young companies, preventing them from seeking funding elsewhere. While the industry is maturing, there is still a need for more robust funding, especially in the early stages. The lack of pre-seed funding and decline in angel investments pose challenges for early-stage Baltimore companies. Government-backed funds and initiatives, along with support from universities and wealthy individuals, are helping to bridge the funding gap and drive the growth of Maryland's startup ecosystem.