The U.S. Department of Labor tells us that new business creation is at a 40-year low, yet content about new businesses appears to be at an all-time high. One peek around #vcTwit or a stumble into TechCrunch would have you swallowed by Silicon Valley hype.
From the outside, it seems to be getting tougher to find the signal in the noise.
Outside of Silicon Valley, something different is happening. Superficial stories about flyover states and corn fields, routine posts about “the next Silicon Valley,” and cursory Top 10 lists are the only substance that makes national distributions. As a case-in-point, TechCrunch used to use the same theme and thumbnail for a post about the Midwest every few months.
From the outside, it seems that our communities aren’t being understood.
At upside, we focus on startups, startup communities, and startup investing outside of Silicon Valley. We have our ears to the ground, arms wide open, and platform ready to tell the stories of amazing founders, venture capitalists, and community builders from across the country who are tackling problems in their own unique way.
This is a quarterly publication for outsiders by outsiders.
Welcome to the first issue of the update, a publication featuring editorials, trends, and stories happening outside of Silicon Valley. Our contributors live in the world outside of Silicon Valley and we think you’re going to love their genuine perspective.
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Jay & Eric
from the upside team
from the upside team
finger on the pulse
finger on the pulse
Everyone is looking for the next emerging tech hub. Articles about trending regions, curated by the upside team.
If you were to bet on one city that's poised to experience serious startup growth in the Midwest, Columbus would be a good candidate. In 2018, three of the city's startups - Root Insurance, Beam Dental, and Olive, raised the three largest VC rounds of any Ohio tech startup, excluding the state's health care startups.This followed the 2017 acquisition of Columbus' CoverMyMeds by San Francisco's McKesson for $1.1 billion.
It's not complicated. But I think we overdue the role that luck plays in business success. Luck is part of it, there are no guarantees but you can-and should-put your startup in the best position to succeed. In Cincinnati, a very intentional collaboration between big companies and startups has been taking place for a decade.
Battery Ventures invested in Indianapolis-based Sigstr's $5 million Series A. August Capital led Chicago startup Kin Insurance's $13 million Series A. NEA and Maveron invested in St. Louis-based Safetrek's $3.2 million seed round. Greycroft came in on Minneapolis-based Foodsby's $1 million seed round.
'Comeback Cities Tour' Brought A Dozen Coastal VCs Through the South. Here's What They Thought - Hypepotamus
Last month, Atlanta founder Michael Sengbusch penned a piece for Hypepotamus on the underrepresentation of southeastern startups at the TechCrunch Disrupt startup event in Silicon Valley. That underrepresentation means that not only are startups from the region missing out on the visibility and connections to capital, but those who live in the tech hubs are also not exposed to the fact that the South and other regions do indeed have innovative, investable companies.
For this initial episode of the update, there may be some articles which did not happen between Dec. 1, 2018 - Feb. 28, 2019. All articles were published between episode recording and Feb. 28, 2019. In future episodes, all articles will be constrained to the previous three months.
As you may know, we run a podcast called upside, the first podcast finding upside outside of Silicon Valley. What you might not know is that we also listen to other podcasts.
In listening to dozens of podcasts a week, we have stumbled across a few that really stick out. And each quarter, we will distill our listens down into:
- Consensus - the podcast episode Eric and Jay most agree on
- Classic - Jay and Eric’s individual picks that tackle a topic near the intersection of finance and entrepreneurship
- Contrary - Jay and Eric’s individual picks that aren’t immediately intuitive
Want to read even more great startup content? We recommend these roundups for more.
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Southern Startup Report
Global Startup Ecosystem Report 2018
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US Startup Outlook 2018
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2018 Q4 Venture Capital Report
Power 200: Black & Latinx Venture Capitalists
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2018 State of US Venture Capital in 15 charts
SPN special report: the 2018 State of the Silicon Prairie
by Silicon Valley News