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. 11:52 AM | TrackBack (0)
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