Virginia region with major research university laments its lack of venture capital as it praises Chattanooga

“They don’t have the research university,” a local technology leader in the Blacksburg, VA region recently is reported to have said. As readers no doubt know, Blacksburg is home to Virginia Tech.

“They don’t have the high-tech core,” the individual continued to lament. “They don’t have any of this stuff. But that community willed itself into success.”

What community was he referencing? It was Chattanooga which raised five times as much venture capital as the region that includes Blacksburg, Lynchburg and Roanoke did. Nice shout out, Chattanooga.

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