Mike Madison asked whether it’s possible for local startups to get local funding and remain local. He points out that there are many people who still contend that local investors are too conservative. This stringency of funding puts pressure on companies to move to the funding. Mike points out that there is another crowd that claims that there is money for quality startups. Which of these camps is correct? Who knows, probably a mix of the two. To my (untrained) eye there is plenty of room for improvement in both the startups and the capital available to them. It’s one of the reasons I built this blog.
While we’re on the subject of businesses leaving Pittsburgh, what the hell is a “business-recruitment office”? Jim Russell quotes the Atlanta Journal Constitution as saying that Georgia has “business-recruitment offices” in Pennsylvania and California. It disturbs me a little that states are coming after our businesses. I did a Google search and could not locate whether PA engages in this activity. As I pointed out here, I don’t think it’s the best idea to “go after” established businesses, but it concerns me that other states are coming after ours.