CNNMoney: Boston is the New Silicon Valley

Uncategorized Posted Sep 19, 2007 by metropolis

It’s the headline that us New Englanders have been dreaming about for years. We are bone weary of defending our fair region, with its Valley obsession. Finally, our moment in the sun. (Thanks to Scott Kirsner for posting on this, as that’s how I first found out about it.)

CNNMoney covered the most recent Dow Jones VentureOne/Ernst & Young report, which focuses on investing in Web 2.0 deals. The report recaps the key information that the U.S. region with the biggest pick-up in Web 2.0 was New England, at the expense of the Bay area. New England saw $102 million invested in 10 Web 2.0 deals — 65% more than the amount invested in 12 New England Web 2.0 deals in all of 2006, and slightly more than what was invested in Bay Area companies in the first half of the year.