Three-quarters of all venture-funded startups are in or near Silicon Valley, New York City or Boston. That leaves plenty of opportunities in the rest of the country. That's where David Hall, this week's guest on Masters in Business, comes in.
Hall is a partner at Revolution’s Rise of the Rest Seed Fund, where he is responsible for investment sourcing, execution and oversight for Revolution portfolio companies. The fund is designed to address this geographical/financial gap. It enjoys backing from the likes of Jim Barksdale, Jeff Bezos, Tory Burch, Steve Case, Ray Dalio, John Doerr, Henry Kravis, Sean Parker, Eric Schmidt and Meg Whitman among others.
Hall discussed why focusing on the areas outside of the coastal urban centers is so promising: not only are costs are lower, but there's talent out there just waiting to be discovered.
His favorite books are here; the transcript of our conversation is here.
You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast and Stitcher. Our earlier podcasts can all be found at iTunes, Stitcher, Overcast and Bloomberg.
Next week, we speak with Francis Greenburger, real estate developer, literary agent, author, philanthropist and the founder of Time Equities, where he became known as the co-op king of New York for converting prewar apartment buildings into occupant-owned residences. He is also the author of "Risk Game: Self Portrait of an Entrepreneur."