81 Jay Habegger (Maryland): Upslope German Pilsner and Regional Distribution of Venture Capital

On this episode recorded in June 2024 at the Global Entrepreneurship and Innovation Research Conference in Boulder, Brad and Jeff speak with Jay Habegger, a CU grad now pursuing his PhD at the University of Maryland’s Robert H. Smith School of Business. Jay’s story is unique because, after over 20 years as an entrepreneur and two-time founder, he’s now studying entrepreneurship and trying to contribute to our understanding of it. As they enjoy a light and refreshing Upslope German Pilsner, Jay tells Brad and Jeff about his research, which focuses on the regional distribution of venture capital, and tries to explain why differences exist between finding investors in the “Big 3” hubs (Silicon Valley, New York, and Boston) where one-half of all equity financing transactions happen -- and the rest of the country. Jay’s research asks: are these transactions equal? It turns out, they are not. Outside of the hubs, it’s a steeper search challenge to find investors; most financing involves less money and takes longer to find; and non-hub companies must often deal with a different investor type than they’d find within the hub. The upshot of the research is, no matter where the company is located, it must still “show up” by embedding itself in the networks trafficking in the capital they seek. As we learn, that may seem like a pretty obvious concept, but it’s easily overlooked by a lot of companies. Jay, Brad and Jeff are here to point it out to them. Enjoy and cheers! —— This episode of Creative Distillation was recorded during the Global Entrepreneurship and Innovation Research Conference, held in Boulder in June 2024. Learn more about Upslope Brewing at upslopebrewing.com. Find out more about Jay Habegger on his page at the University of Maryland website (DON’T READ https://www.rhsmith.umd.edu/directory/millard-jay-habegger) -- Learn more about CU's Deming Center for Entrepreneurship: https://deming.colorado.edu Comments/criticism/suggestions/feedback? We'd love to hear it. Drop us a note at CDpodcast@colorado.edu. Thanks for listening. -
An Analog Digital Arts Production for the Deming Center for Entrepreneurship
Produced, recorded and edited by Joel Davis "Whiskey Before Breakfast" [Traditional] performed by Jeffrey York and Brad Werner. Recorded, mixed and mastered by George Figgs ___ CREATIVE DISTILLATION University of Colorado-Boulder professors Jeff York and Brad Werner distill entrepreneurship research into actionable insights. Jeff York | Associate Professor | Research Director
jeffrey.york@colorado.edu Brad Werner | Instructor | Teaching Director
walter.werner@colorado.edu Deming Center for Entrepreneurship | CU Leeds School of Business
303.492.9018 | deming@colorado.edu