If you mention venture capital most people immediately think of Silicon Valley in California. Even now, long after the dot-com bust, Silicon Valley still attracts the most dollars. The National Venture Capital Association reported that, in the fourth quarter of 2011, Silicon Valley attracted nearly half of all venture capital in the U.S. By comparison, the Midwest attracted three percent.
When it comes to capital, having access to public and private funds is ideal for regions and entrepreneurs, according to David Morgenthaler, founder of Morgenthaler Ventures, and one of the nation’s most respected venture capitalists.
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