Venture Capitalists Leave Coasts to Fund Inland Start-Ups [The New York Times]
Meta Platforms, Inc. - Class A (FB)
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Source: The New York Times
This article is part of our continuingFast Forward series, which examines technological, economic, social and cultural shifts that happen as businesses evolve.Will Price grew up traveling the world, the son of a globe-trotting banker, and became a venture capitalist in Silicon Valley. But when he wanted to raise a family, he moved to Montana and started a fund of his own.“We moved just to get out of the Bay Area,” said Mr. Price, founder and general partner ofNext Frontier Capital.Mr. Price, 48, is part of a growing wave of V.C. professionals leaving the congested, costly coasts for quieter, less expensive locales where they are helping fund start-ups in places like Montana, Nebraska, New Mexico and North Carolina. No longer do ambitious young entrepreneurs have to relocate to California, New York or Boston to build a business. Start-up ecosystems coalescing across the United States have sparked a surge in small businesses, many with national or even global ambitions.The trend, focuse
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