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More tech firms get share of major venture funding; $2 billion given to 249 companies; online advertising fuels recovery.(News)
Crain's New York Business, February, 2007
Byline: Amanda Fung Venture capital investors are opening their wallets to increasing numbers of New York area technology entrepreneurs. Last year, venture firms put close to $2 billion into 249 companies, according to a survey by PricewaterhouseCoopers and the National Venture Capital Association.
The number of deals represented a 44% increase over 2005. `An overall uptick' "it was a strong year for the New York area,'' says David Silverman, managing partner of PwC's New York venture capital practice. Although the total amount of area investments last year remained flat, Mr. Silverman notes that the 2005 data was skewed high by two giant deals valued at more than $200 million apiece. "For the first time since 2001, we saw an overall uptick,'' he...
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