Empire State Development Drops $4M On Golden Seeds

▤ Summary

The goal here is to create more than 2,200 jobs for small businesses and to facilitate investment in nearly 100 seed stage companies. The allocation of public funding to equity investments marks a significant shift from the traditional focus on debt financing as the primary tool for economic stimulus. These small companies hold real promise, which is exactly why investments such as these have great potential to pay off. We’ll keep or eyes and ears open for what happens next with Golden Seeds, which has already invested in the likes of HitFix, gDiapers, DRY Soda and Carnegie Speech. Read next: Sir Richard Branson discusses his investment in Path, calls Dave Morin a "genius"

▦ Linked Companies

Carnegie Speech Company

$1M to $5M