It is well recognized that the concentration of venture capital in so few communities is having a negative impact on the overall economy. The advancement of technology has hollowed out the middle class, while the economic benefits of technological advancement accruing to the communities where venture capital is concentrated - Silicon Valley, NYC & Boston - organizations like the Brookings Institute, The Urban Research Institute, and the Federal Reserve are drawing attention to the need to diversify access to early stage risk capital across the country.
Thankfully there is a growing interest from the largest investors in the country to mobilize more capital in communities across the country - what is called Place Based Impact Investing.

Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.