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With $500 Million, New Jersey Wants to Invest in Your Start-Up
The New York Times: When he campaigned for governor, Philip D. Murphy leaned on a recurring quip in his stump speech: “New Jersey was Silicon Valley before there even was a Silicon Valley.” He was conjuring the New Jersey of a decade ago, when the state was a leader in new and thriving companies in industries like biotech.
Now, as he seeks to reshape the state’s economy, Mr. Murphy wants New Jersey to utilize one of the most quintessential, lucrative and risky practices of Silicon Valley: venture capitalism.
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