October 29, 2014
How to attract capital for larger-stage startups to a growing tech community is a difficult but important step to any growing ecosystem. This is the only way to keep it sustainable. During Tech Cocktail Celebrate Conference, a panel of experts shared how their cities are dealing with creating a strong network of investment to local startups.
Focusing on your city’s strengths and showcasing the successful exits were two methods commonly brought up in the discussion.
“The biggest wealth transfer will happen within our lifetime [From Boomers to Millennials]. The good news is that these people are tech-enabled and are increasingly looking in their own backyard,” said Paul Singh, founder of the Crystal Tech Fund, alluding to how investment trends are likely to change.
“We noticed that by investing in local startups, once they have the successful exit, they invest back into their own community. Technology is an enabler,” said Andy White of the VegasTechFund.
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