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Vance Returns to Ohio to Create New VC Opportunities

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Originally posted on March 23, 2017.

You may recognize the name J.D. Vance from his bestselling book Hillbilly Elegy which I wrote about in the “Trump’s Great White Wall” series (Read Parts I, II, III, and IV). In the book you see how he made himself into a success.

Vance worked for Peter Thiel’s Mithril Capital and is now moving back home, according to this WSJ article, to work for Steve Case’s (founder of AOL) investment funds Revolution LLC. to bring venture capital to the Ohio area. “A lot of problems I write about are not entirely economic,” said Mr. Vance, 32 years old. “But a lot of these areas have been left behind and it does add to the problems and makes it harder to solve them. There is a lot of energy and untapped resources in these cities.” As the article notes, the idea is to bring investments to other states. California, by example, attracted 46% of venture capital 10 years ago and 45% back in 1997. Not a lot has changed. At Revolution, Vance will focus on the “47 states” that receive only 20% of the nation’s venture commitments.

J. D. Vance, author of HILLBILLY ELEGY, at First-Year Experience

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.