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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen4/2/2017 11:10:28 AM
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Tech’s Wealthy Enclaves Hurt the Country—and Tech Itself



ON A DREARY Thursday afternoon in March, the halls of the Russell Senate Office Building in Washington, DC, swelled with people who spend their lives trying to salvage the economies of America’s forgotten towns. Hailing from across the country, they hurried past Majority Leader Mitch McConnell’s office in their sharp suits and jewel-toned dresses, each one carrying a different proposal for how to keep their cities and states afloat.

Together, they reflected America’s diversity: a mixture of millennials, Gen Xers, and baby boomers, men and women of different races and religions. So no, they were not members of the United States Senate.

They were startup founders, venture capitalists, and academics who had come to DC for the Rise of the Rest Summit, convened by AOL founder Steve Case and his investment firm to call attention to tech and innovation outside the coastal hubs where the industry remains largely cloistered. In a great marble-columned room, the Rest had gathered: people like Darcy Howe, a retiree who hosts dinner parties in her Kansas City, Missouri, home for early stage investors, and Jill Ford, a former angel investor from San Francisco who moved to Detroit to become the city’s head of innovation and entrepreneurship.

“It gives you a real view of how small businesses are in many ways fueling America,” Ford told the crowd. “They’re the source of inspiration for young people as they’re getting introduced to what is possible for them.”

wired.com

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