Pittsburgh Ventures

Last week, Harold Miller at Pittsburgh’s Future sent me an article from the Wall Street Journal, stating that a larger percentage of venture capital investments were concentrated in Silicon Valley during 2009.   I guess this touched a nerve for me, as I ended up writing a lengthy email response to Harold, which has now been posted on PittsburghToday.

Read the post if you want the full story, but here’s the gist:

Over the past ten years, Pittsburgh has built an entrepreneurial ecosystem that has become adept at generating innovative technologies and launching new companies, and now we need to cultivate more home-grown venture capital to match the supply of good ideas.    For investors who are brave enough to challenge the conventional wisdom that all of the good ideas are in Silicon Valley, the current supply/demand imbalance of early stage capital may present a window of opportunity in Pittsburgh.