It means incubators more in the style of Pittsburgh. In Pittsburgh, most of the seed money is supplied by the state of Pennsylvania and invested via organizations like http://www.pittsburghlifesciences.com/ and http://www.innovationworks.org/. These organizations effectively provide due diligence for the entire (small) VC community.
What we will get is more available investment money in cities that need it. It is certainly arguable whether this is good for the overall entrepreneurship environment. I take the position that it is good.
What we will get is more available investment money in cities that need it. It is certainly arguable whether this is good for the overall entrepreneurship environment. I take the position that it is good.