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.
Comments
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