Half of the nation’s venture capital is managed in California, and much of the rest resides on the East Coast. In flyover country, entrepreneurs have very few doors to knock on when raising money.
That’s why last week’s announcement of a $104 million fund managed by Lewis & Clark Ventures is a big deal for St. Louis. Startups that have been nurtured by the region’s various angel investing groups, accelerator programs and seed-stage funds now have someplace to go when they need larger sums.
Image: Brian Hopcraft, managing director of Lewis & Clark Ventures.- http://www.stltoday.com
