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No Time to Rest on Keeping Washington Top in Tech

Washington can boast about its top spots nationally as an economic producer and job creator in the app economy, but some recent news on decreased investment in Washington should get the attention of policymakers and the tech industry.

The Seattle Times recently reported that venture capital investment in Washington’s startups fell a whopping 17 percent in the third quarter, as compared to last year during the same period.  This is a drop of over $22 million in just one year, according to PricewaterhouseCoopers and the National Venture Capital Association.  Meanwhile, during that same quarter, investments at the national level increased.

Credit: http://seattletimes.com/html/businesstechnology/2022069713_venturecapitalxml.html

 

The drop in private investment in startups is only one part of the overall economic picture, but it does clarify just how important investment is, not only to Washington’s economy and tech sector, but also to our position as a leader in tech innovation.  It is critical that policymakers and the tech industry work together to continue creating an environment that welcomes the private investment that benefits consumers and allows Washington to keep leading the way forward.

Categories Blog | Tags: | Posted on November 11, 2013

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