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How to get your New York or New Jersey business funded

National Venture Capital Association (NVCA) total venture capital investment for the first quarter of 2009 is down 47% from the fourth quarter in 2008.  Despite the drop in total venture capital investment that has occured the past quarter the co-founder and chief executive of YouNoodle, a San Francisco company that tracks startups, has announced that in the past month they are still seeing a lot of activity everyday as far as new businesses getting fundeded is concerned. 

From March 15 to April 15 YouNoodle tracked 149 venture capital deals worth 1.55 billion dollars.  This dollar amount was divided up as follows: 26% was invested in biotech and medical devices, 16.5% was invested energy and clean tech, 14.3% in consumer internet, 11.5% in hardware, 11.2% in finance, 6.2% in software and the remaining 14% consisted of mobile phone services and education. 

So while the total venture capital investment for the first quarter was down compared to last year it did show a lot of activity beginning to pick up in towards the end of the first quarter (more specifically the months of March and April). 

Most of the money being given to companies for funding are based around those who are offering technological advancement as you can see in the percentages shown above. 

When trying to get funding for your business it is important to understand your product and the impact it can have on technology since funders are primarily looking to fund businesses who will have this type of impact. 

If you are interested in purchasing a business in New York or New Jersey contact Charles Internicola Staten Island business lawyer.