Comments on: Sequoia’s Doug Leone on the spot for lunch, money Where media and technology meet Wed, 16 Nov 2016 08:48:25 +0000 hourly 1 By: lagries Mon, 19 Sep 2011 16:55:10 +0000 I’m assuming that Doug Leone arbitrarily chose Cleveland as a way to illustrate that his fund is most interested in companies within a few hours drive of his California-based office. The fact that many VCs on America’s coasts feel this way—that Ohio might as well be Timbuktu—is a challenge Midwest entrepreneurs trying to raise money face every day and a reason we created JumpStart, a venture development organization that has invested $21 million in 56 Northeast Ohio (which includes Cleveland, btw) companies. After seven years of seeding great Ohio-based companies, investors seem to be getting the message that high quality, venture-fundable companies can be found right here in the “heart of it all.” In 2010 alone, our region’s entrepreneurs attracted capital from 42 investors outside of the region, including five from outside of the United States. And, for those investors worried about geographic proximity post-investment (and the onerous travel involved), there’s enough deal flow here to make it worth your while. Recently, several non-Ohio based VCs decided to put some “feet on the street,” and have hired locals as partners. So, the next time you’re searching for high potential medical device, biopharmaceutical, IT, clean tech, or business services companies, why not look in Ohio? I’m pretty sure you’ll like what you find from both a quality (and valuation) standpoint.–Lynn-Ann Gries, President and Chief Investment Officer, JumpStart Inc.

By: ColinC Wed, 14 Sep 2011 20:28:42 +0000 Mr Leone certainly set off a firestorm of fury in Silicon Valley with his comment the other day. I refer to this: 11/09/13/sequoia-to-startups-have-a-nice -hot-mug-of-stfu/

By: F.Patarnello Wed, 14 Sep 2011 17:32:58 +0000 It is definitely not easy to get the attention of world class VCs like Doug from Sequoia Capital.

Sometimes even if you do out-of-the-ordinary things you still do not get the chance of talking with them and showing what you have to offer.

Fortunately this is not one of those times.