Long-time reader Esther Schindler writes:
Innovation occurs outside the Bay Area, New York, Boston, and Austin. So why is it so hard for a startup to get attention and acquire venture capital? Steve Case and Kara Swisher discussed this never-ending-topic recently, such as the fact 78% of U.S. venture capital last year went to just three states: California, New York, and Massachusetts. Case sees a “third wave” of venture capital funding and through his VC firm is investing in startups based outside major tech centers.
But, points out Stealthmode’s Francine Hardaway, if you’re in Boise or Baltimore you don’t have to wait for Case to come to town. She shares advice about what’s worked in other startup communities, focusing on the #YesPhx efforts.
Conventional wisdom says you should be in a major tech center to get funding, but the article offers an encouraging counterargument. “Never rely on conventional wisdom if you’re an innovator. Money follows real innovation.”
Read more of this story at Slashdot.