Downtown Project's Vegas Tech Fund Has Unveiled First Five Companies
Ottway Ducard stashed this in startups
Stashed in: Vegas, Baby!
The Vegas Tech Fund is a seed stage investment fund focused on investing in founders and startups solving huge problems – who are also committed to building a vibrant, connected tech community in downtown Las Vegas. The fund is lead by Andy White, who moved to Vegas to lead the fund after successfully anchoring the BoomStartup accelerator in Salt Lake City (BoomStartup was ranked in last year’s accelerator rankings). Rather then creating yet another accelerator program, the fund looks to create a city and community that can act as an incubator and also invest in companies who share that vision and want to build on it. The fund is designed to fund tech startup companies that will join the Las Vegas tech community.
Las Vegas has a tech community?!
That's news to me.
Guess they're building one from scratch. $350m from Tony Hsieh helps.
I guess but isn't an ecosystem hard to bootstrap?
Even if they have money, they don't have the people.
500 startups ethos is that next decade startups can be created anywhere; ergo, Vegas is as good a spot as any to build a tech community.
People will follow money as opportunities contract in the bay area. A dollar invested can go farther in Vegas than it can go in bay area; housing seems readily available.
"The rent is too damn high" in SF; and nobody can find housing.