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	<title>Observer &#187; We&#039;re No. 2! New York Beats Massachusetts in Tech Funding</title>
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		<title>Observer &#187; We&#039;re No. 2! New York Beats Massachusetts in Tech Funding</title>
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		<title>We&#039;re No. 2! New York Beats Massachusetts in Tech Funding</title>

		<comments>http://observer.com/2011/01/were-no-2-new-york-beats-massachusetts-in-tech-funding/#comments</comments>
		<pubDate>Thu, 13 Jan 2011 15:43:36 -0400</pubDate>
					<link>http://observer.com/2011/01/were-no-2-new-york-beats-massachusetts-in-tech-funding/</link>
			<dc:creator>Mike Taylor</dc:creator>
				
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		<description><![CDATA[<p>Amid a nationwide surge in tech-related venture capital activity, New York has new bragging rights over technology industry rival Boston. According to a report from CB Insights, New York has seen <a href="http://www.cbinsights.com/blog/venture-capital/q4-2010-quarterly-venture-capital-report">more technology venture capital deals and has amassed more venture dollars</a> than its New England rival. &nbsp;</p>
<blockquote><p>Over the last five quarters, NY has seen 208 tech deals vs. 207 for Massachusetts.&nbsp; Funding to NY tech companies came in at $1.22B vs. $1.21B for Massachusetts.&nbsp; The margin of victory for NY is ever so slight, but most striking is the trend for both states which are going in very different directions.</p>
</blockquote>
<p>New York up, Beantown down. California, naturally, continues to occupy the No. 1 slot.&nbsp;</p>
<p><img src="/files/uploads/New-York-vs.-Massachussetts-technology-venture-capital.png" width="595" height="514" /></p>
<p>In overall venture funding across industries (not just tech), however, Boston still has an edge over New York.&nbsp;</p>
<p>Internet investment experienced the greatest rise in the past two years, up 21 percent. Green technology and health care investments followed with growth of 7 percent and 2 percent. In the fourth quarter of 2010, 735 deals accounted for $6.5 billion in venture activity. For the full year, venture funding rose 14 percent to $23.7 billion.</p>
<p>The figures aren't surprising, given that Fred Wilson is now advising entrepreneurs on <a href="/2011/wall-street/fred-wilson-gives-tips-dealing-maniac-investors">what to do about all the investors beating their doors down and ringing their phones off the hook</a>. Worries aside, though, from a regional perspective it just feels good to beat Boston.</p>
<p>mtaylor [at] observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
]]></description>
		<content:encoded><![CDATA[<p>Amid a nationwide surge in tech-related venture capital activity, New York has new bragging rights over technology industry rival Boston. According to a report from CB Insights, New York has seen <a href="http://www.cbinsights.com/blog/venture-capital/q4-2010-quarterly-venture-capital-report">more technology venture capital deals and has amassed more venture dollars</a> than its New England rival. &nbsp;</p>
<blockquote><p>Over the last five quarters, NY has seen 208 tech deals vs. 207 for Massachusetts.&nbsp; Funding to NY tech companies came in at $1.22B vs. $1.21B for Massachusetts.&nbsp; The margin of victory for NY is ever so slight, but most striking is the trend for both states which are going in very different directions.</p>
</blockquote>
<p>New York up, Beantown down. California, naturally, continues to occupy the No. 1 slot.&nbsp;</p>
<p><img src="/files/uploads/New-York-vs.-Massachussetts-technology-venture-capital.png" width="595" height="514" /></p>
<p>In overall venture funding across industries (not just tech), however, Boston still has an edge over New York.&nbsp;</p>
<p>Internet investment experienced the greatest rise in the past two years, up 21 percent. Green technology and health care investments followed with growth of 7 percent and 2 percent. In the fourth quarter of 2010, 735 deals accounted for $6.5 billion in venture activity. For the full year, venture funding rose 14 percent to $23.7 billion.</p>
<p>The figures aren't surprising, given that Fred Wilson is now advising entrepreneurs on <a href="/2011/wall-street/fred-wilson-gives-tips-dealing-maniac-investors">what to do about all the investors beating their doors down and ringing their phones off the hook</a>. Worries aside, though, from a regional perspective it just feels good to beat Boston.</p>
<p>mtaylor [at] observer.com | <a href="http://twitter.com/mbrookstaylor">@mbrookstaylor</a></p>
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