So Long Silicon Valley, Hello Columbus? New Venture Fund to Target Middle America

Columbus, Ohio Skyline

Story excerpt provided by Barron’s.
Written by Jon Swartz.

Silicon Valley is in no danger of losing its vice-like grip on tech venture funding, but there is growing hope for start-ups outside the San Francisco Bay Area and coastal hubs like Boston and New York.

A new $150 million fund announced Tuesday by AOL co-founder Steve Case and best-selling author J.D. Vance is backed by financial contributions from three dozen entrepreneurs, investors and families that include Amazon (AMZN) CEO Jeff Bezos, Starbucks (SBUX) Executive Chairman Howard Schultz and venture-capital legend John Doerr.

The so-called Rise of the Rest seed fund underscores “there are great start-up investment opportunities all across the country,” Case, who co-leads the fund with Vance, said in a phone interview late Tuesday. “We want to build a network that connects regional investors and entrepreneurs.” Click here to read the complete article.

See related article in Columbus Business First.
Originally published December 5, 2017.

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