I Thought VC Funding was Drying Up?

June 5, 2009

Maybe things are looking up! VC firms invested $228 million in 39 tech startups in New York City in the first quarter of 2009. It would be interested to know how that stacks up compared to other areas in the country. Of course, we don’t know how expensive that money was (ergo how much of the pie did start ups have to give up), but overall it’s very exciting to hear that such a large amount of funding is trickling down to worthy start ups!

http://money.cnn.com/2009/06/04/technology/vc.startups.nyc.fortune/index.htm?section=magazines_fortune

Entry Filed under: Advice, Business, Entrepreneur, Funding, Marketing, SBIR, Thought and Reasoning, venture capital. Tags: , , , , , , , , , , , , , , , , , , .

2 Comments Add your own

  • 1. Stephanie Elizabeth  |  June 6, 2009 at 3:07 pm

    That was an excellent post with some great information. We published some information on this topic too. You can see it here.

    http://bizconnectionsnow.com/blog/business-funding/business-funding-where-to-start/

    Reply
  • 2. Paul Donovan / Green Tape LLC  |  July 22, 2009 at 3:16 pm

    Both Khosla and Draper announced new fund commitments and plans yesterday.

    This is the time top-quartile funds and partners ready themselves for the rebound Fred ;-) .

    VC isn’t over although it is changing — look forward to more discussion with you on that soon.

    Cheers,
    Paul

    Reply

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