Last week, venture capitalists Steve Case and J.D. Vance announced they had raised $150 million for a new seed fund for startups located in Middle America. If you read VentureBeat’s coverage on the announcement last week, you’ll know that what was most important about the announcement was not that the fund had raised $150 million, but that the $150 million had come from high-profile investors like Jeff Bezos, Eric Schmidt, and Meg Whitman.

Investors like Bezos, Schmidt, and Whitman can offer young startups more than just money — they can also make connections on behalf of startups to the other top investors, corporations, and talent in the country. I also discussed how investors who might want to follow in the footsteps of Bezos, Schmidt, and Whitman should do their due diligence before making the Heartland their next area of investment.

If you’re interested in learning more about the pros and cons about the Rise of the Rest seed fund, I also recommend that you check out this op-ed from Victor Gutwein, the founder and managing director of M25, a Midwest VC firm focused on early-stage tech companies. He stresses that coastal investors need to make investments in the Midwest “city-by-city, without sweeping generalizations.”

Please send feedback, news tips, or story suggestions to me via email, and please remember to share these #HeartlandTechstories on TwitterLinkedIn, and Facebook.

Thanks for reading,

Anna Hensel
Heartland Tech Reporter

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