Welcome to another weekend bonus episode of the Tech Mem Right Home, I'm Brian McCullough.

Steve Case is obviously an internet and technology legend as the founder of America online.

But as I said when I did a segment about it this week, I've always been fascinated with his

Rise of the Rest tour and fund, because look, the whole basic principle of the rest tour and fund because look the whole basic principle of the project is to try new things in

VC try to find new ideas and new people in new places so after doing the segment on the new Rise of the Rest Fund 2, I reached

out to Steve to learn more about what he's been learning as he's been barnstorming

the country to try to find exciting new companies outside of the major tech hubs.

This is that conversation.

Since this is going to come out on the weekend, it'll be a few days since the news came out could you just

reiterate the news for us you're announcing a rise of the rest fund to 150

million dollars as with fund one and as with fund one a lot of big names are backing you right?

Yeah that's right we launched the Rise the Rest Initiative about five years ago started

doing road trips around the country to see what's happening in cities like Detroit and Nashville, Indianapolis, Minneapolis,

you know, really all over the country, we've done 43 of these cities.

And about two years ago, we've done 43 of these cities.

And about two years ago, we launched a fund, a seed fund,

that was $150 million fund to back the entrepreneurs

in these cities.

The thesis is that essentially all the venture capital goes to a few

entrepreneurs on the coast, the last year 75% of venture capital went to just three states,

California, New York, and Massachusetts.

So with Rides, the rest for trying to back

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