Three-quarters of venture-capital money gets invested in three states—leaving 47 states fighting over the remaining 25% of start-up funds.
- AOL founder Steve Case’s new book Rise of the Rest argues that great entrepreneurs can be found anywhere, and can thrive with the proper support and investment.
- He says it is harder today for innovators who live outside the major tech hubs—New York, California, and Massachusetts, which get the most funding.
- Since new companies—startups—are responsible for net new job creation, it is essential that entrepreneurs everywhere have the opportunity to start and scale companies.
- Rise of the Rest is about leveling the playing field for everybody, and in the process creating opportunity and jobs for the people and places that have been left behind.
- Rise of the Rest tells that story and provides a hopeful perspective on the future of America.
WHY IT’S IMPORTANT
The Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream takes readers to the startup communities that are transforming cities nationwide. Along the way, Case introduces readers to dozens of entrepreneurs whose inspirational stories of struggle and achievement match the most iconic examples of American invention.
To date, Case has traveled to 43 cities on a Rise of the Rest bus tour. A dedicated venture fund—backed by an iconic group of investors, executives, and entrepreneurs—has invested in more than 175 companies across more than 80 cities.