James Barrood, the president of the New Jersey Tech Council, said the economic proposal Gov. Phil Murphy proposed for the state Monday could be a huge plus for the tech sector — because it will do the one thing the sector needs the most.
“It will attract entrepreneurs and inspire startups to start their businesses here,” he said.
Aaron Price, who heads Propelify, the state’s version of SXSW that takes place in Hoboken, agreed.
“There is no doubt that having a fund that invests in startups, at such a broad scale, is a great move,” he said. “My understanding is it will all be administered through existing venture capitalists. I think that’s the right way to do it. I think it’s very exciting. I think it’s exactly the shot in the arm that a startup ecosystem needs.”
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