I interviewed Mark Hasebroock, Founding Partner Dundee Venture Capital from Omaha, Nebraska @Techcrunch DISRUPT.  He spoke about founding his firm in Dundee 2 years ago.  The Omaha ecosystem is very small & Mark had founded 2 startups.  They focus on Boulder to Omaha & the deal flow is amazing so that they filled their first fund very quickly.  They are 2/3 way through their 2nd fund $15m & have invested in about 20 companies overall. His domain focus is ecommerce & web service companies which is where his operating experience comes from.  The cost to start a business has decreased significantly & the time to start a business has been crunched down. You can start a business anywhere & the cost of living & work ethic is a little bit different in the MidWest – they are insulated somewhat.  Dundee can get these companies going & get traction & then show to higher level funds.  He spoke about the changes in the venture capital industry.  He thinks crowdfunding is great & he wishes he could have accessed it when he had startups.  In the MidWest there is generally a heads down, we’re creating businesses that generate revenue that hopefully very quickly will be cash flow positive. There are a few angels in the area who now have a vehicle for getting businesses off the ground, bringing capital together instead of having it in silos.

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About the author

Pemo Theodore is a Media Publisher & Event Producer. She is Executive Producer of Smart Money Silicon Valley: Network with & Learn from Silicon Valley Investors! NoPanels: Engage Directly with Investors & Industry Leaders; VCHangout: hangout with Investors! & PitchPerfect Silicon Valley: Craft your Pitch & Slide Deck for Funding! & Silicon Valley TV: Broadcasting Silicon Valley to the World! & Avion Global: Launching Diverse Mobile & IOT Startups Globally! & VC Spotlight: Spotlight on Investors! & FinTech Week Silicon Valley. She video interviews venture capitalists & angel investors EZebis: Winning the Venture Game! She is based in Silicon Valley. She has been involved in online business for 10 years. She has been in small business for 39 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research with vcs, angels & women founders) "Why are Women Funded Less than Men? a crowdsourced conversation" available on Scribd.

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