Wednesday, January 26, 2005

Venture capitalists drawn to Maryland

Rebound: Emerging-technology firms locally and nationally attract billions in new investment. (Baltimore Sun, reg. req.):

Venture capital investment in Maryland firms rebounded in 2004, reversing a three-year decline that mirrored a national trend and hinting at better things to come for the state's emerging-technology firms, experts say.

"I think that we'll be seeing [venture] investors nationally looking here to put large amounts of investment capital into numerous companies here," Bill Gust, a veteran venture capitalist who now serves as managing general partner of Anthem Capital Management in Baltimore, said yesterday. "But only the companies that merit it."

Let it be so.

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