Tuesday, March 11, 2008
A recent study of venture capital investments nation wide finds Silicon Valley and the Boston are are still leading the way when it come to venture capital but Pittsburgh is coming on strong. The National Venture Capital Association looked at VC growth from 1997 to 2007 and found a 513% increase in dollars invested and a 267% increase in the number of companies funded. The growth rate was exceeded only by New Mexico. Association President Mark Heesen says he sees more growth in the future. He says the Region has many of the attributes that attract VC including good universities, top investors, a relatively large pool of middle managers, a good airport and a well respected yearly venture capital fair.