Tech Brew Ride Home (Bonus) Steve Case on Investing Outside of Silicon Valley
Nov 2, 2019
Join Steve Case, the legendary founder of America Online and a pioneer behind the Rise of the Rest initiative, as he reveals fresh insights from his barnstorming tours across America. He discusses the launch of Fund II with a significant budget aimed at fostering innovation beyond Silicon Valley. Case shares compelling stories of emerging startup ecosystems in cities like Detroit and Minneapolis, highlighting the transformative potential of investing in overlooked regions. He also examines the migration of tech talent to these new hubs, paving the way for a more diverse entrepreneurial landscape.
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Unequal Venture Capital Distribution
- Most venture capital is concentrated in a few coastal areas.
- Rise of the Rest aims to invest in other areas.
Detroit's Rising Potential
- Steve Case visited Detroit and found promising companies in the Michigan area.
- This illustrates the potential of rising cities often overlooked by venture capitalists.
Ahead of the Curve
- Rise of the Rest was ahead of the curve in recognizing startup potential outside major tech hubs.
- While some VCs are starting to follow, skepticism about investing elsewhere remains.