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We do have a "boomlet"-ing tech scene in St Louis, MO and metro areas in the surrounding states. The thing that crimps the growth is access to risk capital. Com
by satya71 7y ago
We do have a "boomlet"-ing tech scene in St Louis, MO and metro areas in the surrounding states. The thing that crimps the growth is access to risk capital. Companies here had to list with a bay area address, just to get a look from the VCs.
What the govt can do is fill the role of VCs and make good returns in pure financial terms as well. Missouri has a small fund that's been very successful, but the new GOP governor cut funding as soon as he got in.
- Apocryphon 7y agoSilicon Valley is risk adverse and unwilling to invest in firms outside of its own geographical and cultural bubble. So perhaps that's what the article should have mentioned, one angle that could involve government funding.