I agree with you and I think that's why, despite good intentions, this fund might be a little misguided. On their site they discuss how they are sticking w/ the

I agree with you and I think that's why, despite good intentions, this fund might be a little misguided. On their site they discuss how they are sticking w/ the tried and true of what they know in terms of VC investment in tech companies. You can't fault them for that since it is what they know and are used to. The issue with that in context of the geography of where they are looking is that yes, there will be talented tech workers out there and entrepreneurs (within the tech sphere) that they might stumble across. What could be more necessary in terms of stimulating economic growth is looking at non-tech entrepreneurs in this areas, or at least ones that are not some version of an internet company. There are probably a lot of folks out there that have ideas for companies, ones that might be hyperlocal or regional, that could be good, sustainable businesses but won't grow like a unicorn. Their costs might not be so much personnel but capital expenditure. They might not be sexy investments. But, if the intent is stimulate economic opportunities in 'forgotten' areas, this is the more likely scenario than finding a superstar developer in a haystack.