AOL Founder: Indiana Deserves More Than Crumbs From Venture Capital's Table
(INDIANAPOLIS) - The founder of AOL is trying to drum up interest in Indy's growing tech sector.
Steve Case now runs the Revolution venture-capital fund, and says his fellow investors need to pay more attention to innovators away from the coasts. Case says three-quarters of all venture capital goes to California, New York and Massachusetts -- he says there's no reason rising tech markets like Indiana should have to settle for just one-percent.
Case is on a five-city "Rise of the Rest" bus trip with a diverse list of traveling companions -- his guests at a series of Indianapolis stops ranged from "Hillbilly Elegy" author J-D Vance to Fishers Mayor Scott Fadness to FCC chairman Ajit Pai. Case does these trips twice a year to shine a spotlight on startups away from Silicon Valley and the East Coast.
Case says Indiana's frequent boasts about its business climate deserve attention. He notes the significant cost-of-living advantage compared to New York and San Francisco, and says homegrown successes like ExactTarget, now part of Salesforce, create momentum that raises the state's profile for other companies.
Steve Case (Photo: Eric Berman/WIBC)