Boston Outduels Silicon Valley for VC Funding
In the first half of 2007, venture capitalists (VCs)
invested
$464.2 million in Web 2.0 startup companies, according to a report released
by Dow Jones VentureOne.
While 25 Silicon Valley companies snared $91 million of that money, Boston-area
companies beat that number handily, with 10 companies receiving $102 million.
Cambridge startup n2N Commerce garnered the lion's share of this money, with
$30 million of funding.
The VCs spread money around quite a bit, with companies in Southern California,
the Pacific Northwest and overseas also receiving substantial amounts.
Are we due for a tech bubble again? Send me your thoughts at [email protected].
Posted by Peter Varhol on September 18, 2007