Startup Newsletter August 2017
Bouncing Back After the Missouri Technology Corporation Cuts
St. Louis continues to build steam as a great place to start a business. Any number of national articles provide the stats to support that. However, as startups often meet headwinds, a startup ecosystem itself can too, from time-to-time. As many in the St. Louis and broader Missouri startup ecosystem are aware, a very significant source of early stage capital has been reduced this year – a definite headwind for the early stage environment in the state.
The significant cuts to the Missouri Technology Corporation (MTC) made this year are, by some estimates, in excess of $20 million. Given the impressive list of companies that have been funded in part by MTC, we would agree that these cuts do pose at least a short-term challenge for the Missouri startup ecosystem.