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.
Packed house for @SteveCase @JDVance1 @StevenOlikara at the @RiseOfRest stop to @LambeauField pic.twitter.com/LlGIviDCIj
— 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.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!