MassVentures is one of the oldest venture programs in the US, founded in 1978 as the Massachusetts Technology Development Corporation. It's state-backed, but the economics are striking: just $8.5M in taxpayer money invested since inception has generated $429M in tax revenue per $1M deployed.
Over the decades, the firm has invested $112M in 186 startups through 569 total investments, funding 400+ ...
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