Re:The Spread of Start-Up America and the Rise of the High-T...
by javery on Thursday October 20, 2011 @12:34PM
(#3135616)
I think it's hard to raise money anywhere - the key to raising money in Durham is to make sure you aren't just talking to people in Durham. We raised money from NYC, SF, and Seattle (with less than 10% coming from locals).
tl;dr: The startup scene is definitely booming, most especially in Durham. Due to cost of living, there aren't many places that are better to bootstrap than here. But local investors are far behind. Starting a funded startup is still extremely difficult here.