They've been around a while, and are state-funded ($2MM fund, I believe) but they've only invested in 3 companies so far... I'm pretty sure there's a lot of peo

They've been around a while, and are state-funded ($2MM fund, I believe) but they've only invested in 3 companies so far... I'm pretty sure there's a lot of people applying so I'm guessing they're being really selective/non-risky (which is usually the case with east coast tech investors compared to west coast ones). Here's more: http://blog.nextny.org/2008/09/03/nyc-seed-seed-funding-for-ny-technology-companies/ http://blog.nextny.org/2008/09/03/nyc-seed-seed-funding-for-... http://www.nyconvergence.com/2008/06/mayor-bloomberg.html http://www.nyconvergence.com/2008/06/mayor-bloomberg.html