Novgorod city has retained a handsomeness and a concentration of monuments denied most other regional capitals a factor by no means negligible in its appeal to investors.

ECONOMIST: Russia: An old-fashioned, modern look | The

The other primary factor contributing to the Series A shortfall is the concentration of venture capital funds in the hands of a shrinking number of large firms.

FORBES: Your Business CAN Avoid The Series A Crunch - Here's How