Last week when word hit the blogosphere that Boston-based venture capital firm Greylock Partners was pulling up its stakes and heading West to Silicon Valley, the world announced venture investing in Massachusetts was dead. However, it is unwise to declare Boston down for the count.
There is nothing that upsets Bostonians more than dismissing them. After all, these are people who used to call their city "the cradle of modern America" and proudly embraced Oliver Wendell Holmes' nickname for the city "the Hub of the solar system" as their own, notes Boston.com. Plus, these are people who waited 86 years with unwavering faithfulness for their Red Sox to win another World Series title. So it comes as little surprise that peHUB writer Alastair Goldfisher would seize on the topic a week later to remind the world that Boston isn't dead yet to VCs.
Goldfisher sarcastically wrote: "Apparently, Matrix Partners didn't get the memo that Boston VC is dead." The Waltham, Mass.-based firm renewed its lease on its office along traffic-clogged Route 128, which Massachusetts natives (and readers of The Deal news magazine) know as "America's Technology Highway." Additionally, Goldfisher reminds the world that Massachusetts startups last year raised over 10% of the annual VC investments in the U.S. as they have in the past three years. - Matthew Wurtzel
See story about Matrix from peHUB
See story about Greylock from Dealscape
See related story about Massachusetts technology companies from The Deal magazine
See history of Boston nicknames from Boston.com
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