PequotVentures exec trumpets Big Apple advantage

[Joelle]

PequotVentures exec trumpets Big Apple advantage
      

PequotVentures, the venture capital arm of hedge fund Pequot Capital Management, has shut down its Silicon Valley office and now operates only out of New York. Managing general partner Lawrence Lenihan said the contrarian move made sense because the plethora of venture capital operators in Silicon Valley forced PequotVentures to compete on price.
That's not so [...]
         

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