My intuition says that for VCs to successfully invest in the heartland, they'll need to alter their business model to encompass more medium-risk, medium-return investments.https://www.recode.net/2018/3/30/17177834/midwest-heartland-bus-tour-comeback-cities-rust-belt-safari-vc-venture-capital-founders-washington …
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That's probably incorrect actually
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Returns aren’t a problem. There are tons of PE investors in rust belt. Many from Chicago/NY/Pitt. They buy preferred and common gets nothing until they get paid.
End of conversation
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