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Silicon District: Steve Case Is Betting $450 Million on a D.C. Start-Up Hub
- fourspace 15y agoTo be clear, this fund is explicitly NOT for startups. According to this Washington Post article, they're targeting firms with $100M in revenue to try and boost them to billion dollar companies. http://www.washingtonpost.com/business/economy/leonsis-case-found-450-million-fund-to-aid-washington-area-start-up-firms/2011/11/30/gIQAtb1fEO_story.html http://www.washingtonpost.com/business/economy/leonsis-case-...
- waxymonkeyfrog 15y agoRight, it's not just for seed capital, it's for ramping up. Like Case said, most job creation doesn't come from a couple founders in a small office or a 50,000 person multinational company. It comes from getting out of the small office.