California last year attracted more venture capital than any other state, pulling in almost five times as much money as No. 2-ranked Massachusetts.
A new report from PricewaterhouseCoopers and the National Venture Capital Assn. said that California received more than half of the country's $28 billion in 2011 venture capital investments.
The report was cited Thursday in a blog posted by Dennis Meyers, the principal economist of the California Department of Finance.
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