From The Boston Globe
A new generation of investors is capitalizing on the tony shopping district’s prime location
Stroll down Newbury Street on a fall weekend and you could shop at a handful of stores that originally were funded by venture capital firms: the shoe store Allbirds, men’s clothing shop Ministry of Supply, or eyeglass retailer Warby Parker.
But less obvious is that Boston’s fashion capital has also become the latest hot spot for the region’s influential venture capital industry. A shopper could spend thousands of dollars at Newbury Street’s high-end shops, while an entrepreneur could raise millions from the venture firms in the office spaces above the stores.
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