As I read XConomy's post on the top 10 NE Venture deals of Q3'09, all I can do is remember that only this last Monday, at Mobile Monday, I was inside a room full of mobile entrepreneurs, money people, business people and what not, everyone saying: Mobile in Boston is reality, look around you.
Well, maybe we can argue that there are people working in the mobile space in NE, trying to make a difference and make miracles happen, but at the bottom line, money talks:
NE ventures are about science projects, or late-stage successful businesses. Numerous NE VCs are uncomfortable about investing in mobile, as are the early stage angels and independents. They need infrastructure, health, IP, enterprise. That works.
Maybe it's a way to ensure mobile businesses in NE are stronger (whatever that means) because there are fewer who can survive w/o funding. Or otherwise, if you want mobile, go west.