WeWork may have imploded. Recent IPOs from New York companies like Peloton may have disappointed. The red ink at online mattress retailer Casper may have raised eyebrows as it prepares for a public offering. No matter: Venture capitalists have their checkbooks open. Venture funds poured a record $17.2 billion into New York startups last year, up 20% from the previous year, according to the widely followed Money Tree report issued by CB Insights and PWC. Nationally, venture capital investments fell by 9% last year. New York remained, as it has for years, as No. 2 in venture investments trailing behind Silicon Valley’s total of $47.2 billion, but also just about double the $8.8 billion taken in by Boston in the No. 3 slot.
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