Dorothy, There are No VCs in Kansas

By Paul Kedrosky · Monday, October 24, 2005 ·

From the latest E&Y/VentureOne data on third-quarter venture capital activity, there are only five U.S. states in which there has been no venture capital invested so far in 2005: Kansas, Montana, Nebraska, North Dakota and South Dakota. Yes, some will use that information to either mock the five as fly-over states, or to suggest that maybe they’re the best place to relocate if you want to escape all the over-eager VCs out there, but I’d like to make a different and somewhat more serious point.

Back in the 1960s when venture capital really began to emerge who would have expected that there would be venture investments in 45 of the 50 U.S. states (including Alaska and Hawaii) by 2005? That is remarkable (near-)ubiquity for a new and risky asset class in a short few decades.

Topics: Venture capital
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