Mayor Bloomberg launches NYC Entrepreneurial Fund

In a video interview with The Deal, FirstMark Capital CEO Larry Lenihan talks about the NYC Entrepreneurial Fund, a $22 million seed and early-stage venture capital fund available to New York City-based technology startups in partnership with the City of New York. Announced Tuesday morning by Mayor Michael R. Bloomberg at the TechCrunch Disrupt Conference, the NYC Entrepreneurial Fund is the first city-sponsored seed fund located outside of Silicon Valley, and is part of the City's ongoing efforts to stimulate entrepreneurship and facilitate growth within the startup community. MyCityWay, a mobile application and platform provider - and the developer of NYCWay, which won Investor's Choice and Popular Choice awards at the City's inaugural NYC BigApps competition in February 2010 -- is the fund's first seeded company. Watch the video below or download it on iTunes.-- Mary Kathleen Flynn

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