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Article: Long Island companies miss New York's rising tide of venture capital.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 31, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...