Kap Ocean Team had the pleasure to attend the event, “The State of Venture in Ohio ®” at Innovate New Albany, near Columbus, Ohio, on October 20, 2023.
This is an annual talk given by Lindsay Karas Stencel, held 6th year in a row. Lindsay provided updates about the status of VC funding in Ohio, discussed new venture fund formation. She also spoke about large exits, investments and places where the state can continue to develop and grow.
Below are some highlights, presented by Lindsay:
- Venture Capital (VC) is a 10 year horizon.
- Seed level companies have an average of 3 extensions of seed funding.
- Series B level of funding can have a growth stage from 100 to 1000 employees, for example.
- 0.5% of businesses get VC funding. Not all businesses need VC funding.
Below is more information about Ohio venture capital funding, presented by Lindsay:
- Ohio is an ecosystem, not a community, though Ohio is seeing improvements and maturity.
- Ohio may have insufficient early stage and growth capital.
- Ohio has highly concentrated funding sources
- Ohio is not ranking as fast as other mid-west markets, according to Pitchbook.
Lindsay gave an overall rank of status of VC funding in Ohio as B. But, she still likes to keep the FUN in FUND.
More information at: https://innovatenewalbany.org/new-event/the-state-of-venture-in-ohio-2023/
If you have any questions, please feel free to contact the Kap Ocean Team, CONTACT US.
By
Kap Ocean LLC Team
www.kapocean.com
More Insights and News: https://kapocean.com/insights--news.html
This is an annual talk given by Lindsay Karas Stencel, held 6th year in a row. Lindsay provided updates about the status of VC funding in Ohio, discussed new venture fund formation. She also spoke about large exits, investments and places where the state can continue to develop and grow.
Below are some highlights, presented by Lindsay:
- Venture Capital (VC) is a 10 year horizon.
- Seed level companies have an average of 3 extensions of seed funding.
- Series B level of funding can have a growth stage from 100 to 1000 employees, for example.
- 0.5% of businesses get VC funding. Not all businesses need VC funding.
Below is more information about Ohio venture capital funding, presented by Lindsay:
- Ohio is an ecosystem, not a community, though Ohio is seeing improvements and maturity.
- Ohio may have insufficient early stage and growth capital.
- Ohio has highly concentrated funding sources
- Ohio is not ranking as fast as other mid-west markets, according to Pitchbook.
Lindsay gave an overall rank of status of VC funding in Ohio as B. But, she still likes to keep the FUN in FUND.
More information at: https://innovatenewalbany.org/new-event/the-state-of-venture-in-ohio-2023/
If you have any questions, please feel free to contact the Kap Ocean Team, CONTACT US.
By
Kap Ocean LLC Team
www.kapocean.com
More Insights and News: https://kapocean.com/insights--news.html
