One Way to Finance Tech Startups Outside of Superstar Cities

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Executive Summary

Is anyone really surprised by Amazon’s announcement that it will build its new headquarters in two large, affluent East Coast metropolitan areas? Amazon’s decision is yet another data point in the increasing concentration of wealth in big multinational companies and large urban centers. Meanwhile, in smaller cities and middle-income regions across the globe, even the best ideas and most promising new businesses can die on the vine for lack of access to markets and capital. Those regions need new forms of innovation financing to prosper in an age of…

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