Tuesday, August 07, 2007

Money Still Flows Into Silicon Alley

New York area companies received $446.1 million in venture capital funding in the second quarter, down 19% from the same quarter a year ago, according to a survey released Tuesday.

While the amount of money declined, the 65 venture capital deals was the same number as in the year-ago quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association.

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