3 ms·
I don't have source for you other than I went to Purdue, but I believe the 25% number for research dollars. You have Purdue, Indiana, Ohio State, Michigan, and
by rpedela 10y ago
I don't have source for you other than I went to Purdue, but I believe the 25% number for research dollars. You have Purdue, Indiana, Ohio State, Michigan, and many other research universities in the Midwest. Did you know that because both Purdue and Indiana are such powerhouses for biotech research that Indiana is one of the best places in the US to start a biotech company? As for a source, I did biotech research during my graduate studies at Purdue.
Honestly I am glad to hear a VC finally say that Silicon Valley isn't necessarily the best place to start a tech company. The reality is it depends. Maybe SV is the best place and maybe it isn't.
- mark-r 10y agoI think the germ of truth was in the article - you need to be close to your customers. If your customers are tech firms, or the kind of people who work at tech firms, Silicon Valley is a good place to be. If your customers are biotech or banks or any of 100 other disciplines, you're better off being elsewhere.
- rpedela 10y agoI agree. That was the biggest takeaway for me as well.