HOLYOKE -- Like Dorothy stepping through the front door after crash-landing in Oz, I knew I wasn’t in Boston anymore.
Boston’s Innovation District is pricey. Construction cranes are everywhere, parking is scarce, and lunch options plentiful. Here in Holyoke’s newly-christened Innovation District, there are beautiful brick mill buildings, cheap hydroelectric power, and a new walkway alongside the canals — but almost no people.
Yesterday, Scott Kirsner reported on one of the Boston area’s newest early-stage investment firms, Procyon Ventures. Today I have another one for you — Indicator Ventures, which has a co-founding partner in Boston and will take part in launching a new startup accelerator in the fall.
There is a strong trend of high valuations for startups right now that was captured by Sam Altman in his recent post on valuations. Altman identifies one reason for the trend in the increasing supply of money to startups from new types of investors. Read More
MassChallenge, the pioneering program for assisting young startups in Boston, served nearly 500 startups during its first four years.