Steve Case is looking to raise a fund associated with his push to get more dollars to startups in cities that aren’t San Francisco, New York and Boston.
As first reported by DC Inno, the cofounder of AOL and D.C. investment firm Revolution is aiming to raise $100 million for the Rise of the Rest Seed Fund. According to the SEC filing, the minimum for an outside investor to participate is listed at $250,000.
The filing follows the latest iteration of the Rise of the Rest bus tour, which embarked on a Rust Belt swing through Wisconsin, Indiana, Michigan, Ohio and Central Pennsylvania. Recently-signed Revolution partner and Hillbilly Elegy author J.D. Vance joined in the tour.
— Meredith Balenske (@merbalenske) October 17, 2017
As on past tours, Case wrote $100,000 checks to startups at each stop following a pitch competition. With Revolution declining to comment so far, it’s unclear at this point if the seed fund points to an expansion of that effort.-30-