723: Steve discusses his latest book, Rise of the Rest and his mission of growing venture capital outside of the three big epicenters of CA, MA, and NY. He explains the thesis of the book, why 75% of VC focuses on these metropolitan areas, and what inspired him to explore this phenomenon. Steve also gives his perspective on how communities can stimulate venture capital expansion into new areas, how the Rise of the Rest Bus Tours help spur greater visibility on entrepreneurship in these areas, and the venture capital firms he partners with to realize this. He then shares specific anecdotes from his book and the stories from cities that stood out to him during his tours. Across these stories, Steve breaks down the ingredients of a successful venture that he has seen, how the pandemic has changed this, and the role government plays in growing venture capital in their cities. Finally, he talks about growing opportunities for diverse entrepreneurs, economic headwinds that entrepreneurs are beginning to face, and how the tech community has grown in the D.C. Metro area.
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This episode is sponsored by Adyen.