Practical Applications Summary
In The Need for Localized Risk (Venture) Capital: Place-Based Impact Investing, from the Fall 2018 issue of the Journal of Private Equity, author Joe Milam, founder of AngelSpan, an investor relations service for start-up companies, reviews the historic reasons behind the geographic concentration of U.S. venture capital investment. He then makes the case for backing entrepreneurs throughout the country. Such diversification, he argues, makes sense from an investment perspective and has socioeconomic benefits.
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Practical Applications of The Need for Localized Risk (Venture) Capital: Place-Based Impact Investing
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