Earlier this week, Steve Case and JD Vance of Revolutions Ventures announced a $150M “Rise of the Rest” fund, building off the bus tour & pitch competition of the same name that Case started a few years back.
The capital came from a who’s-who of American business – Chicago’s Pritzkers are nearly outshone by Jeff Bezos, Howard Schultz, Dan Gilbert, Meg Whitman, Tory Burch, John Doerr and – you get the point. It’s a large fund for “flyover country”, which sees few early-stage VCs focused on the region with more than $100M to spend. So how does this exciting new fund affect the tech economy, specifically in the Midwest? I’ve outlined the pros and cons here.
