NYS Places 4th in Venture Capital Raised Last Quarter

In a report released by ChubbyBrain, a New York City startup company that specializes in venture-activity data, New York state firms took in $227 million in the third quarter. 

According to the company, New York traditionally holds the No. 3 spot in venture funding, but "players" in the local scene have been quick to point out some reasons that New York is a stronger player than the data shows:

• "New York is more Internet-driven and needs less money."
• Some deals from last quarter might not have been announced yet and that could change the official number according to Rick Heitzmann, the managing director at FirstMark Capital in New York.
• The New York City Investment fund had one deal last quarter "that has yet to be tallied."

Meanwhile, their research shows that Connecticut has a big jump in VC activity, with dollars of investment growing by 53% while the deal volume more than doubled from the prior quarter.  Some of that growth was driven by the Internet sector in the state. 

amNew York (Link not available)

Related:
> Q3 2009 Venture Capital Urban League – More California Lovin’ but New York and Seattle Fall From their Q2 2009 Perches. #venturecapital (ChubbyBrain) 
> Q3 2009 Venture Capital Activity Sees Connecticut Punch Above Its Weight with a Bevy of Early Stage Deals. #venturecapita; (ChubbyBrain)