Carmen Ventures is based in the Midwest, Columbus, Ohio to be exact. We are born and raised Buckeyes. Sure, we have done business around the country and in some cases, around the world. One thing that has not changed is that we have been raised to be conservative (this is not about politics!) – frugal, careful, blue-collar, or agricultural backgrounds. The Midwest is to a certain extent, insulated from what happens on the coasts. We are not naïve, but we are not the type to take a flyer on something we do not understand.
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Earlier today Instagram’s head, Adam Mosseri, said in a video that the social-media platform was planning on moving towards videos while it attempts to stay committed to creators, support photos, and put friends’ content at the top of a user’s feed. This follows backlash from numerous influencers on the app, including the likes of Kim Kardashian and Kylie Jenner, due to the app’s changes marking a shift towards a more TikTok-like user experience.
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There is no doubt that numerous cities across the United States are on the path to become tech hubs that promote the American dream of entrepreneurship. One region that is experiencing this fast-paced growth is the Midwest with cities like Chicago, Pittsburgh, and Columbus leading the way. Columbus is a major benefactor of this growth. Venture capitalists injected over $2 Billion into the city over the past 20 years, particularly in healthcare and insurance startups, according to Crunchbase data.
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There is treasure lurking in the research labs, patent filings, prototypes, and demos of technical innovation across the universities in Ohio. It just takes a bit of digging to find it. That is not a knock on the universities, researchers, entrepreneurs, or anyone else associated with helping university innovation see the light of the commercial space.
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I have been speaking with both Limited Partners (LPs) and entrepreneurs about the current state of venture capital funding. I use a term that makes an LP smile and an entrepreneur feel queasy. The term: Buyers’ Market. As in; with the recent evaporation of ever-increasing valuation venture funding for companies without a path to profitability, it is now a Buyers’ Market. As we continue to talk, it becomes apparent that the current market is a win/win in Buckeye Nation.
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Many students may hear the phrase "forecasting is never perfect" throughout business school. However, a local start-up is on the cusp of changing that phrase for certain industries. Carmen Ventures recently sat down with Matthew Bell, CEO of PointPro in Columbus, OH to learn more about the company's founding and what they love about calling Columbus home.
Read MoreDiscover the Carmen Ventures advantage when the time is right for you. With our partnerships, industry knowledge, and unwavering support, we're here to help founders thrive, LPs win, and our ecosystem succeed.
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