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Rise Of The Rest? Revolution Companies Are Offering 1,000+ Jobs Outside Of Silicon Valley

Rise Of The Rest? Revolution Companies Are Offering 1,000+ Jobs Outside Of Silicon Valley

Written by Ann Brown

Jun 20, 2018

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The next wave of tech jobs won’t be in Silicon Valley, that is if tech billionaire Steve Case has his way.

The founder of Revolution has launched a job network. “Today, Revolution launched its careers page, aggregating open positions from portfolio companies across our three funds: Revolution Growth, Revolution Ventures, and the Rise of the Rest Fund,” Case said in a release.

Case, a cofounder and former CEO of AOL, launched his DC-based venture capital firm in 2005 and Revolution has “invested over $1 billion over this time, with the majority of its capital going to young companies outside of Silicon Valley, New York City, and Boston,” Business Insider reported.

And since Silicon Valley has been seeing a loss of jobs, Case may be on the right path.

Case wants to encourage a “Rise of the Rest” approach, which means supporting the growth of startup communities outside of Silicon Valley, New York City, and Boston–”which receive 75% of all venture capital in the United States,” Business Insider reported.

To further his cause, he hired “Hillbilly Elegy” author and former Valley investor JD Vance to run a $150 million Rise of the Rest Seed Fund and then last week he created Revolution Talent Network, which lists jobs available in Revolution companies. “The initial batch of listings includes about 1,300 jobs from 108 companies, with 80% outside of the three primary startup markets,” Business Insider reported.

In the company blog, Case wrote, “people should not feel compelled to go to the coasts after graduation nor should they feel trapped there if they want to continue to build a startup career. As I hope our careers page illustrates, there are opportunities in dozens of cities across America to help build companies that create real value and make a real difference.”

According to the blog, Revolution Companies are creating jobs in more than 100 cities, 105 in all. “We founded Revolution over a decade ago with the philosophy that great companies can start and scale anywhere. And we have invested against that thesis ever since. To date, Revolution has invested more than a billion dollars in companies outside of Silicon Valley,” the blog said. “And as Revolution has crisscrossed the country, we have seen the talent boomerang that extends beyond our portfolio. While these cities may not yet have the network density of Palo Alto, they have passionate founders and ecosystem builders that are relentlessly championing the companies starting and scaling in their backyards. We’ve also found that these communities — joined together by their shared passion for entrepreneurship and all that it enables — are more diverse and inclusive, appreciating that to really build a successful ecosystem, everyone needs a place at the table.”

Facebook logo outside of the company’s headquarters in Menlo Park , Calif. (Image: Anita Sanikop)

 

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