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DealBook: From Bezos to Walton, Big Investors Back Fund for ‘Flyover’ Start-Ups

DealBook: From Bezos to Walton, Big Investors Back Fund for ‘Flyover’ Start-Ups

Read more on The New York Times

Contributions

  • I’ve been trying to tell people that we have had the same internet connection for years in Missouri. I think some thought we were still on dial up :). Honestly, it’s been amazing to start a company in a flyover state. We didn’t have to take massive funding to cover crazy expenses. I’m proud of these

    I’ve been trying to tell people that we have had the same internet connection for years in Missouri. I think some thought we were still on dial up :). Honestly, it’s been amazing to start a company in a flyover state. We didn’t have to take massive funding to cover crazy expenses. I’m proud of these people for realizing they can do great things in places other than the valley.

  • Why just $150 million to start? This has the risk of becoming mostly a PR opportunity for these investors. I would argue that Amazon (with its planned HQ2) and other big companies need to be thinking more about where to locate offices and how to source talent in a more geographically diverse manner.

  • The platform VC is a powerful model, and it is refreshing to see a fund focused on sourcing great deals from anywhere in the country, as opposed to defining an investment thesis focused on geography.

    Innovative solutions to the country’s (and in my view, the world’s) biggest problems can come from

    The platform VC is a powerful model, and it is refreshing to see a fund focused on sourcing great deals from anywhere in the country, as opposed to defining an investment thesis focused on geography.

    Innovative solutions to the country’s (and in my view, the world’s) biggest problems can come from anywhere. As VCs, our role is to find those solutions, vet them, and then equip them with the resources and infrastructure they need to scale their solution to as large of an audience as possible.

  • There is a massive amount of capital in emerging markets yet somehow secondary cities in America are still undiscovered by investors. Shocking.

  • With a dearth of affordable housing in the traditional tech centers, and high speed web access everywhere, it makes sense to look for great ideas in out of the way locations. This is part of what has always kept America a great country for entrepreneurs.

  • Top tip: Don’t let it get called the “Flyover Fund”

  • As a proud St. Louis native, I can attest to the entrepreneurialism of flyover states. (The over representation of Fortune 500 companies on a per capita basis might have been a first clue.) Also, Go Cardinals!

  • Public relations is one thing and business another. Here in Silicon Valley, it’s fair to say, everyone offers JD heartfelt but skeptical good wishes. Now, JD, go prove us wrong.

  • Clever