The rise of the rest: Startups look beyond Silicon Valley-Center for Innovation and Entrepreneurship - Carnegie Mellon University

Tuesday, June 11, 2013

The rise of the rest: Startups look beyond Silicon Valley

AOL Co-Founder Steve Case has a great perspective on the country's vast and varied startup universe. Now Chairman of Startup America and CEO of Revolution, a venture capital fund based in Washington, D.C., Case wrote a February blog post for the Wall Street Journal describing what he's dubbed the "rise of the rest."
"I'm convinced that we’re beginning to see a regional 'rise of the rest' as cities like Washington D.C., Denver, Chicago, Atlanta, Raleigh, Cleveland, Detroit and many others experience unprecedented growth in startups," wrote Case.
Case is the unofficial pied piper for this "rise of the rest." He recently crisscrossed the country in search of investments for Revolution outside of established tech hubs like Silicon Valley and Boston. But he's not alone in recognizing it.
Forbes magazine recently ranked Greater Baltimore No. 4 on its list of “new tech hot spots." Washington, D.C., metropolitan area got the top spot, followed by Riverside-San Bernadino, Calif., and San Antonio-New Braunfels, Texas.” In Greater Baltimore, jobs in science, technology, engineering and mathematics grew nearly 18 percent between 2001 and 2012. A new report from the Brookings Institution shows that science, technology, engineering and math jobs account for nearly one-quarter of all job openings in Greater Baltimore...Read more»

By: Eric Peterson and Barbara Pash