Most importantly, according to Sean Greene, a Special Advisor for Innovation at the SBA, the new fund will inject much-needed capitol in to what the Administration feels are underfunded areas outside of the typical startup zones (i.e. California and Massachusetts).
Index says they want to "do something that gets us even closer to the teams we work with, hold open office hours to meet some of the new companies we don't, and generally embed ourselves in what is one of the hottest startup zones in Europe".
It's widely believed in policy circles that technology creates jobs around the U.S., especially outside the startup-happy zone of Silicon Valley.
In the Startup Central, our zone dedicated to startup life, we'll be covering everything from seed funding to Series B and beyond.
In addition to 500 Startups' raise, several new funds have cropped up in the country, like ESP Capital, VinaCapital Ventures, Startup Viet Partners and Zone Startups Vietnam, helping to accelerate investment.
WeWork started as a co-working company, leasing office space and converting it into a trendy zone for startups and itinerant laptop workers, complete with arcade games and beer on tap.
Despite this first release not including learning smarts or offering the ability to provision multiple heating zones, the startup stresses its devices support over the air updates so early backers are future-proofed to get these upgrades when they do land.
