In a recent article the Cleveland Plain Dealer reports, “A California outlook forced Mark Kvamme to adjust his sense of the spectacular as he immersed himself in Ohio’s startup scene.
The entire Midwest attracts about $1 billion in venture capital each year, he notes. Meanwhile, $12 billion pours into the three Zip Codes of Silicon Valley, where he once made investments for Sequoia Capital.
Ohio needs more venture capital firms and until it gets them, Kvamme argued, it needs to help job creators find capital.
Recently, JumpStart, the sponsor of Monday’s expo, floated the idea of a state government venture fund, perhaps stemming from the Third Frontier initiative.”
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