With this news, you’d think Bobby Valentine is now managing New England’s tech scene:
New York’s share of venture capital dollars has doubled over the last ten years while its rival, Silicon Valley, has grown at a much slower pace and New England has sputtered, a new study from the Center for an Urban Future shows.
Between the first quarter of 2003 to the first quarter of this year, the New York area’s share of VC investments surged to 11.4% from 5.3%.
Silicon Valley’s share rose to 31.7% from 28.6% over the same period while New England’s share fell to 10.2% from 14.8%.
Read more in NY Daily News. Go #NYCTech!
Chart: Center for an Urban Future report
Great news for NYC tech entrepreneurs! NYC is the clear leader for where tech start ups need to be on the East Coast to get VC funding.
Click here to embiggen (see full infographic)
Do you know what makes a winning pitch deck? Use this infographic to learn the 12 most vital components and best practices when creating a sales deck to get the funding your company needs.
(Via InvestorPitches.com)
Venture Capital in New York, Q1 2013
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially from a year-over-year perspective. Deals are up 22.5% since Q1 2012, and investment dollars posted a 71.7% increase over the weak Q1 2012. Compared to the last quarter of 2012, which was very strong, both deals and dollars fell slightly in New York. Deals fell 9.4% from 96 to 87, corresponding to a 17.3% decrease in investment dollars. However, the first quarter has been soft in recent years, so these results augur well for 2013.
For ongoing and in-depth analysis of venture capital investments and the tech sector in New York City, don’t miss the inaugural edition of NYCEDC’s new publication on Technology and Venture Funding, coming soon.
Click here to embiggen (see full infographic)
A majority of the world’s billionaires are self-made. This infographic visualizes where a handful of them started and how much sweat they put into making their billions.
(Via Founders and Funders)
So, how does one get an investment for an idea that seems obvious? Very simple: Understand what angel investors and VCs are looking for and give it to them. Investors have pattern recognition, and they are driven by four Fs: fortune, fame, fear and fun.
- Jason Calacanis, Founder of Mahalo.com
101 Ways to Reward Employees (Without Giving Them Cash) by OPEN Forum
When it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Finding ways to engage with them rather than pay them off will result in more loyal, harder working employees.
1. Flexible Hours
2. A Thank You Note
3. Pizza Party
4. Commute on Me
5. The Boss’s Office
6. Primo Parking
7. Flip Flop Day
8. Day Off Pass
9. A New Chair
10. Bring the Pooch
Read more on OPEN Forum for all 101 ways to say, “I appreciate you and all your hard work,” without breaking your budget.
(via 101 Ways to Reward Employees (Without Giving Them Cash) - OPEN Forum :: American Express OPEN Forum)
5 Ways to Make Money and Do Good
Social entrepreneurship is a hot topic these days - but can you really make money while doing good?
Here are Co.Exist’s five models as proof that you can be both profitable and charitable:
1. The Moonlighter
2. The Starter Up’er
3. The Service Provider
4. The Serial Contractor
5. The Insider
Which one are you? Read more here.
(via 5 Ways To Make Money And Do Good | Co.Exist: World changing ideas and innovation)
Tax Fraud: 5 Millionaires Busted for Cheating on Their Taxes by OPEN Forum
1. Walter Anderson
2. Donna Guerin
3. Aristotle R. Matsa
4. Robert Beale
5. Arvind Ahuja
Read more on how these five millionaires paid a high price for their big tax mistakes on OPEN Forum.
10 Personal Finance Experts to Follow on Twitter
1. @A_Lusardi for an academic and public policy perspective
2. @ManishaThakor for the latest investing news
3. @DailyWorth for actionable advice
4. @EARN for those one a tight budget
5. @wisebread to chat with other money conscious tweeps
6. @TheBillfold for real life stories
7. @gogirlfinance for reads you’ll come back to
8. @MoneyUnder30 especially for 20-something
9. @CreditExperts for all things credit
10. @LearnVest for all of this in one place
Read more on why you should be following these twitter handles
Money matters: why women founders struggle in Silicon Valley
Noah Davis reports:
While she was trying to fundraise, Minshew had to carefully temper her attitude. “The more comfortable I am being nicely, calmly, and sweetly aggressive, the better I seem to do,” she says. “But it’s a very difficult balance between coming off as strong enough to lead a company but not so strong that you’re perceived as a bitch.” The concept of being “nice” and “sweet” while also “aggressive” illustrates the limited area where women have to work while pitching the majority of VCs and angels.