Venture Capital with a Southeastern heading
The Chicago Tribune urges Illinois not to become a “New Michigan” or “New California” but instead mimic states such as FL, GA, VA, TN, TX, and NC. In an April 11 op-ed entitled The Illinois Spiral they reference the third edition of Rich States, Poor States (from the American Legislative Exchange Council) in which our region scores [...]
The New York Times confirms another reason for the Southeast’s attractive growth potential and why increasing numbers of entrepreneurs are deciding to build their businesses in the region: lower state debt burdens. As the attached graph shows, the problem worsens dramatically when one considers many states’ unfunded pension liabilities. (Click thumbnail for “top” 25 states for debt-to-GDP, “Overloaded with Debts Unseen”.) [...]
A recent study in Science magazine indicates that states with the highest taxes also have the least happy residents. The Wall Street Journal, reporting on the study, argues that the causation is high taxes = unhappiness. While we are certainly sympathetic to that point of view, we also have to wonder if it runs vice-versa, [...]
Ballast Point Ventures had a busy November, completing two new growth equity investments: Horizon Data Center Solutions and Tower Cloud. “We are excited to partner with the Horizon and Tower Cloud teams,” said Paul Johan, BPV Partner. “Both companies are focused in rapidly growing industry segments, and we look forward to leveraging our experience and network to [...]
Forbes reports that the nation’s professional classes continue to move to the Southeast and Texas: Net migration, both before and after the Great Recession, according to analysis by the Praxis Strategy Group, has continued to be strongest to the predominately red states of the South and Intermountain West. This seems true even for those seeking [...]
The PWC Moneytree report has good news, as reported by The Dallas Morning News: It looks like investments in young companies are beginning to flow again, but venture capitalists remain cautious. Investments in early stage companies in Dallas, the state and the nation rose in the third quarter from the previous quarter but still were [...]
