Richard Feloni/Business Insider
AOL cofounder Steve Case runs the DC-based venture capital firm Revolution and has “Hillbilly Elegy” author JD Vance run his $150 million Rise of the Rest Seed Fund.
Case is convinced the future of American startups is outside of Silicon Valley.
For the past four years, Case and his team have gone on seven bus tours, across 38 cities in 26 states.
This article is part of Business Insider’s ongoing series on Better Capitalism.
Silicon Valley has thrived as the hub for tech startups because of the access to capital, talent, and other resources that have developed over years. New York City and Boston, along with neighboring Cambridge, have developed their own strong startups communities for the same reason.
This distribution of entrepreneurial talent and money has worked well for the first couple generations of online businesses, but the tides are already shifting, argues Steve Case, the billionaire cofounder and former CEO of AOL.See the rest of the story at Business Insider
Disappointing photos show what cruise ships actually look like in real lifeI spent 2 days on a bus with a billionaire and a celebrity author while they toured America to invest $150 million in local businessAOL cofounder Steve Case is betting $150 million that the future of startups isn’t in Silicon Valley or New York, but the money isn’t what’s making his prediction come true
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