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Alright, but what's the real reason? They said "The decline of the auto industry forced people to get into entrepreneurship." But this fundraising explosion st
by 1270018080 5y ago
Alright, but what's the real reason?
They said "The decline of the auto industry forced people to get into entrepreneurship." But this fundraising explosion started in 2016, about 40 years too late there. And the auto industry hit way more areas than just Detroit, why haven't other cities seem the same growth?
Then they push some empty fluff statements like "Having that unique culture and being really scrappy" or "For one, the state’s midwestern culture is more family oriented." Again, not really real. Empty platitudes.
I think it's an interesting question on how they are raising so much money, but this article has no legitimate answer.
- chrisbrandow 5y agoI think there's been a ton of investment recently in the last 10 years, particularly from Dan Gilbert, the Quicken loans guy into literally refurbishing entire neighborhoods of buildings in order to make things more attractive. It seems like an enormous gap in this article. I was just there a few months ago and it is a pretty exciting environment downtown.
- jnmandal 5y agoI disagree with you about the veracity of the "fluff". Personally I moved to the Midwest from the east coast a few years ago for what was supposed to be a few months. I never expected to want to stay here; I was supposed to move to NYC or SF after. Instead I've realized a much simpler existence than I ever planned for myself. I'm currently in the process of moving to Northern Michigan from Chicago and couldn't be happier.