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Venture Capital Does Not Venture Into the Midwest

March 19, 2019

AOL’s co-founder Steve Case is searching for the next big investment in places where venture capitalists by and large ignore. In his 35-ft big red bus, Case is scouring the middle of the U.S. with his $150 million “Rise of the Rest” fund, a money stream meant to flow to entrepreneurs in small to mid-size cities like Indianapolis, Detroit, and Birmingham. The goal is to jump start local economies, giving entrepreneurs often overlooked by traditional investors a shot at capital. Case has visited 38 cities and 26 states so far.

Spotlight

Wake County

"Wake County Government provides services including tax collection, library services, local parks administration, planning and permitting, health and human services, law enforcement and more. Wake County is governed by a seven-member Board of Commissioners. Consistently rated as one of the best places to live and work in America, Wake County, North Carolina is home to NC State University, Shaw University, Research Triangle Park, and 2006 Stanley Cup Champions, the Carolina Hurricanes. Wake County is also the center of state government, with our Capitol Building, legislature and many government offices located in Raleigh. Wake County is the second-most populous County in North Carolina. The County consists of 12 municipalities and includes Raleigh, the county seat and state capital. A unique mix of urban and rural small towns distinguishes Wake County from other counties and provides something for every lifestyle."

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Venture Capital Does Not Venture Into the Midwest