Unveiling the Secret: $150M Seed Fund Heads to Wilmington for an Epic Entrepreneurship Event

In exciting news for Wilmington’s entrepreneurship community, the Network for Entrepreneurs in Wilmington (NEW) will be hosting an event featuring David Hall, the managing partner at Rise of the Rest Seed Fund. Rise of the Rest is a $150 million venture capital fund that focuses on tech startups outside of the traditional tech hubs. This event will provide an opportunity for local entrepreneurs to learn about the fund and engage in a conversation with Hall.

Rise of the Rest is known for its bus tour, which aims to discover and invest in promising startups across the country. Although the tour was halted due to the pandemic, the fund continues to support and invest in startups. With high-profile investors like Jeff Bezos and Steve Case, Rise of the Rest brings significant credibility and resources to the table.

The event will also feature Charlotte Ketelaar, the founder of ZWANET, a venture capital firm for startups. Ketelaar will provide insights on how entrepreneurs can effectively pitch their ideas to investors. Her presence at the event highlights the growing interest and investment opportunities in Wilmington’s tech industry.

This event is a testament to the progress Wilmington has made in building a thriving startup ecosystem. With support from organizations like Cofounders Capital and events like Live Oak Bank’s Venture at the Beach conference, Wilmington is gaining recognition as a destination for tech startups. Rise of the Rest’s decision to invest in a startup can have a validating effect on the local tech industry, attracting more attention and investment.

Hall emphasizes the importance of community support in building a successful tech industry. Local businesses and community members need to invest in local startups before they can gain attention from larger organizations. Additionally, leveraging Wilmington’s proximity to the Research Triangle can further facilitate growth and access to additional resources.

Overall, the upcoming event featuring David Hall and Charlotte Ketelaar is a significant step forward for Wilmington’s entrepreneurship community. It highlights the increasing interest and investment opportunities in the area, while also providing valuable insights and guidance for local entrepreneurs. With the secret getting out about Wilmington’s potential, the future looks promising for the city’s tech industry.