Article: Long Island companies miss New York's rising tide of venture capital.

By Jamie Herzlich, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News

Aug. 31--Long Island missed the boat on the wave of venture capital activity that hit the New York metro area in the second quarter, garnering zero dollars, according to a new survey.

Fifty-seven New York Metro area companies received a combined $327 million in venture capital funds during the period, according to the just released PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree Survey. This amount represents a 14.3 percent increase from last quarter, but a 13.9 percent decrease from second quarter 2003.

Long Island was ...

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