It used to be that if you were a startup founder, you needed to be located on one of the coasts to attract significant investment. Why? Because scaling a new company requires venture capital — which traditionally has not been plentiful in the Midwest.
Though we have excellent access to talent, low business costs and cutting-edge technologies — including our status as the first metro with one gigabit Google Fiber — cities like Kansas City have lagged behind the coasts in terms of attracting investment to support early-stage businesses. (With the region’s $91 million in venture capital in 2015, Kansas City ranked as the 42nd largest U.S. market in terms of dollars raised.)