Get Our Newsletter

Tech Cocktail Cincinnati

Steve Case: “A decade from now, all venture firms will have regional strategies”

rise_ofthe_rest_SteveCase

America Online co-founder and CEO of Revolution Steve Case was recently interviewed by Bloomberg, where he gave an update on his “Rise of the Rest” tour. The tour started in Detroit, continued to Pittsburg, Cincinnati and Nashville where he met local entrepreneurs who took part of a startup pitch competition. He is investing $100,000 in winning startups of each city.

The goal of this tour is to invest into startups in cities that has a entrepreneurial ecosystem that is often overlooked and build momentum for new investment. “Young people are in these cities to start a company, but they are also there to build or re-build communities,” explains Case.

As for more investment coming to these “off-beat” cities, Case said that it’s a matter of time before it happens, since once these companies are successful, investors don’t care where they are based.

“The world is changing. Silicon Valley will continue to be very important ecosystem, but 10 years from now we will see more diversity of innovation economy, which will be great for these communities but better for our nation,” says Case.

Get more delivered to your inbox just like it!
Get Our Newsletter
Sorry about that. Try these articles instead!
About the Author

Camila is a writer and community manager for Tech Cocktail in Miami. She has been heavily active in South Florida’s tech startup community, where she co-founded a communication strategy company called pFunk Media. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

Tags:

Leave a Reply

  • (will not be published)