Eighty percent of all venture capital is spent on three coastal states. Unfortunately, this statistic often leads founders to think they have to move to places like California or New York to build a high growth company.
There are many reasons why fund managers and venture capitalists have concentrated in certain regions, luckily new fund managers are emerging in the middle of the country to close the funding gap and help support early stage entrepreneurs.
Today we talked to one of those fund managers. Nathaniel Harding is the Managing Partner at Cortado Ventures, a new Venture Capital Fund in Oklahoma looking to invest in the most promising companies in the state and region. Join us as we talk to him about the dire need to invest in local startups, and the struggles of establishing an early stage fund in Oklahoma.