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The Simple Trick to Winning Funding From Midwestern VCs Warning: There are funding quirks in flyover country.

By Sam Hogg

This story appears in the September 2016 issue of Entrepreneur. Subscribe »


Say you're a shiny startup launching in an emerging entrepreneurial hub -- perhaps in Detroit, Chicago or Cleveland. Congrats! You have access to great research institutions, an educated workforce and an astoundingly low cost of living and wages relative to the coasts. But when you look for capital, you'll face the harsh reality of launching a business in the Midwest.

There's no way to sugarcoat this: VCs on the coasts aren't usually interested in you. There's an unfortunate history of many Midwest-based startups raising a seed round of funding, then running out of money before generating sustainable revenue or lining up a Series A round.

Related: 8 Things You Need to Know About Raising Venture Capital

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