In a video interview with The Deal, FirstMark Capital CEO Larry
Lenihan talks about the NYC Entrepreneurial Fund, a $22 million
seed and early-stage venture capital fund available to New York
City-based technology startups in partnership with the City of New
York. Announced Tuesday morning by Mayor Michael R. Bloomberg at
the TechCrunch Disrupt Conference, the NYC Entrepreneurial Fund is
the first city-sponsored seed fund located outside of Silicon
Valley, and is part of the City's ongoing efforts to stimulate
entrepreneurship and facilitate growth within the startup
community. MyCityWay, a mobile application and platform provider -
and the developer of NYCWay, which won Investor's Choice and
Popular Choice awards at the City's inaugural NYC BigApps
competition in February 2010 -- is the fund's first seeded company.
-- Mary Kathleen Flynn