The Network for Entrepreneurs in Wilmington (NEW) is set to host an event on November 16th featuring David Hall, the managing partner at Rise of the Rest Seed Fund. The Rise of the Rest Seed Fund is a $150 million venture capital fund that focuses on investing in tech startups outside of traditional tech hubs like New York, Boston, and Silicon Valley. Hall will discuss the fund’s mission and its aim to diversify the nation’s tech sector by investing in startups in underrepresented areas.
The Rise of the Rest Seed Fund is backed by high-profile investors such as Jeff Bezos of Amazon and Steve Case, the founder of AOL and Revolution’s CEO and chairman. Hall’s conversation with Tim McLoughlin, the managing partner of Cofounders Capital, will be the highlight of the event. Before the keynote, Charlotte Ketelaar, the founder of ZWANET, a venture capital firm for startups, will lead the audience through the pitching process and offer advice on how to attract investors.
This event is significant for Wilmington’s tech startup scene as it highlights the growing interest and investment in the area. Wilmington has already seen some success with startups like Approve Payments and EasyVote Solutions, which have received funding from Cofounders Capital. The presence of Rise of the Rest in Wilmington could further validate the region’s tech industry and potentially attract more investors. Hall emphasizes the importance of community support and leveraging the proximity to the Research Triangle for continued growth.
Overall, this event showcases the potential of Wilmington’s tech startup ecosystem and the increasing recognition it is receiving from larger investment firms. By diversifying the nation’s tech sector and investing in startups outside of traditional tech hubs, Rise of the Rest is helping to create a more inclusive and dynamic startup landscape. The insights and advice shared by Hall, McLoughlin, and Ketelaar will undoubtedly benefit local entrepreneurs and contribute to the continued growth and success of Wilmington’s tech industry.
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