 | The Mid-America region includes some of the world's most innovative and productive
universities and research institutions with spending on par with the West Coast.
Yet, venture capital is scarcer in this area than on either coast. Additionally,
the venture capital dollars available in Mid-America must cover a greater region than the
concentrated capital in areas such as Boston, New York, or the San Francisco Bay
area. Mid-America investors lack proximity, making interaction for networking and
deal syndication less frequent and less efficient. In addition, the average size
fund in Mid-America is relatively small ($25 - $50 million) compared to the coastal funds
of $100+ million. This creates a capacity limitation for most funds which increases
the need and importance of deal syndication.
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