New York City and FirstMark Capital LLC, a private equity firm, created a $22 million partnership to help finance new businesses and made its first investment today in MyCityWay, a creator of mobile-device applications.
The fund, described by Mayor Michael Bloomberg’s office as the first of its kind outside the Silicon Valley, was created with $19 million from Manhattan-based FirstMark and $3 million from the city, the mayor’s office said in a news release.
To read the full, original article click on this link: New York City, FirstMark Create $22 Million Entrepreneur Fund - BusinessWeek
Author: Henry Goldman
