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Comeback Capital is poised to take advantage of a Midwest VC boom
Gus Chan
Scott Shane, pictured at his Shaker Heights home, is Comeback Capital s managing partner and founder.
Buying into a sense of untapped opportunity in America s heartland, venture capitalists looking beyond coastal hubs in Silicon Valley and Boston for lucrative gains are hungering for a piece of young and innovative Midwestern startups.
Offering them a seat at the dining table is Cleveland s Comeback Capital. There are many more people outside this region who want to invest in early stage companies here than actually do because we don t have good vehicles for doing so, said Comeback founder Scott Shane. Comeback is the vehicle for that. The idea is you get coastal VCs and others using us as a scout fund, which is a model that doesn t really exist through much of Ohio or Northeast Ohio today.