NY Makes a Mark in VC Funding This Year, Surpasses Boston

Image via Wikipedia There are many examples of great funding for NY startups in the tech scene this past year, as its 40% investment growth compared to 2010 says it all. Some examples of this growth, according to International Business Times , include Fab.com , a mere six month old design sales and inspiration site that raised $40 million in Series B funding recently and Zipmark , a company that allows for online and mobile payments, has secured $2 million in seed funding. While the VC funding has increased, companies have also been looking to move to the money-driven area.  Mark Zuckerberg, who originally grew up in NY state, recently launched new Facebook offices in the city as NY continues to pump out more capital than his old college home, Boston.  Also, with NY continuing to be a publishing epicenter, subscription based apps will continue to develop and as a fashion hub, e-shopping businesses such as Gilt Group will continue to grow, all of which will bolster the NY VC scene, according to PE Hub .  Meanwhile, Boston has been lagging behind in these areas, as the city’s VC operations focus more on medical device, healthcare and biotech space, which according to PE Hub doesn’t offer much funding these days. International Business Times PE Hub

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NY Makes a Mark in VC Funding This Year, Surpasses Boston

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