Billionaire Investor Steve Case On The Rise Of America's Non-Coastal Cities | Forbes
November 21, 2022
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4:27Now PlayingBillionaire Investor Steve Case On The Rise Of America's Non-Coastal Cities | Forbes
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as posted by the channelAfter eight road trips across the United States on the tour bus for his venture firm Revolution, AOL cofounder Steve Case found himself with a bit more time after the pandemic took the bus off the road.
Since 2014, the tour has made stops in cities outside of the premier tech hubs San Francisco, New York and Boston as part of Revolution’s “Rise of the Rest” initiative. Stopping in places like Harrisburg, Pennsylvania, and Birmingham, Alabama, the firm hosted startup pitch competitions and awarded investment grants to winners. Revolution has also raised two seed funds totaling $300 million with a philosophy to jump-start tech innovation in these outsider cities by investing in new companies from the ground up. “It’s an important path to try to create more jobs, hope and opportunity in a lot of places that have been left behind,” Case says.
Case’s initiative has now invested in some 200 companies across 100 cities. With a ninth road trip postponed twice, the billionaire has used some of the time on hand to turn his experiences into stories for a new book, titled Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream, due out in September. “I think people will be surprised how, over the next decade, many iconic multi-billion-dollar companies are birthed and scaled in cities all across the country,” he says.
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