Forbes reports on Why the Midwest Is the Heartland of Opportunity for Venture Capitalists: There has never been a better time to launch a start-up in the Midwest, but growing that start-up can be a challenge. Take Ohio as an example. While seed money is abundant throughout the state, attracting venture capital to commercialize a product or service is increasingly difficult, a new report by VentureOhio has found.
The report states that venture capitalists invested $149 million in 129 Ohio companies in 2013 and that $260 million of follow-on funding is available to help start-ups grow. Unfortunately that’s $263 million short of what the state needs, according to VentureOhio.
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