New York and Boston are trying to get a bigger slice of the VC pie. But a new report suggests they're going to have to work a lot harder.
"The venture capital industry bounced back considerably in 2011, according a report released last week by PricewaterhouseCoopers and the National Venture Capital Association. Investments totaled $28.4 billion, an increase of 22 percent over 2010 and a whopping 44 percent from 2009. They are almost back to their 2007 pre-crisis high of $30.8 billion." Where is the money coming from? Where is the money going to? How does this impact particular places?