Oklahoma at the heart of new wave of entrepreneurshipPublished: Tuesday, November 28, 2017 By: Scott Meacham Source: NewsOK
There have been multiple articles recently in the national press about how the middle of country is gaining attention as a source of promising technology deals. Big-name investors, including Steve Case, billionaire co-founder of AOL, are in the hunt.
Case's investment firm, Revolution, has covered 8,000 miles in the last three years, searching out quality startups on the premise that high-growth companies can start and scale anywhere, not just in Silicon Valley or the East Coast.
The momentum is in Oklahoma's favor — if only we stay the course to take advantage of it.
Both coasts are very expensive in terms of capital, human resources, land and energy. With more than half of all venture capital money spent in the U.S. going to companies in California alone, there's almost a feeding frenzy in Silicon Valley. Valuations can be through the roof and the competition for talent, from data analysts to data scientists, create average salaries that can run 30 to 40 percent higher than in the Midwest.