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Venture Capital Is Off 24% In New England

TheFunded.com Open Letter

Posted by jetskier on 2008-04-19

PUBLIC:

There is a good article in the Boston Globe regarding the precipitous drop in VC funding in the North East:

http://www.boston.com/business/articl...

It would appear that the VCs are sitting on significant cash positions and reticent to make investments. Based upon what I have seen in the market, this is not based upon a lack of quality opportunities. In the long run, this position will lead to the continued decline of this area in terms of technical and economic leadership. I am a successful entrepreneur, but I found the funding climate untenable. I took a position as the CTO of a West Coast industry leading company. I am finding that the seasoned talent flow out of this area is prevalent and concerning. It is quite sad.