Venture Opportunities Growing in Pittsburgh
March 11, 2008
Pittsburgh entrepreneurs have a distinct advantage over their counterparts in other major cities ... A MoneyTree Report ranks the Pittsburgh region as the nation's second-fastest-growing area for venture capital investment over the past decade according to the number of companies receiving funding. Seattle, DC and Los Angeles all fell in behind Pittsburgh and only New Mexico's VC investing is growing faster. Last year, 44 Pittsburgh companies received $198.17 million, compared to 12 companies receiving $32.32 million in 1997, the study said. The number of companies grew 267 percent while total investment soared a study-topping 513 percent. Apparently, the country's most-livable city isn't so bad for growing businesses either!
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