January 26, 2009

Spot the Missing Factor

Justin Katz

No doubt imagining that conspiracy, on RI's right wing to fool Rhode Islanders into believing that our state is facing a dire economic situation requiring drastic change in policies, Russ Conway asks why nobody's talking about this (emphasis added):

While Massachusetts' share of the venture capital economy dwarfs that of other New England states, Rhode Island and New Hampshire managed to post significant gains in 2008.
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Even though our venture capital investments went up 10 fold, it is still a blip on the radar compared to Mass.

RI: $ 51,800,000
MA: $3,100,000,000

So RI has 1.67% of the VC investments MA does. Not a lot to brag about there.

I would be very curious to see how our VC went up 10 fold. That could be investments in a very small amount of companies accounting for the increase.

Posted by: Don Botts at January 26, 2009 1:03 PM
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