Insane stat - AZ has produced only two massive exits from co's who raised early VC in the last 40 years. TWO!!!!! Saleslogix, which none of you have heard of, and LifeLock. For the 5th largest metro in the country, this blows my mind.
Axon: Bootstrapped
GoDaddy: Bootstrapped
JDA - Bootstrapped
WebPT - Bootstrapped
Carvana: Drivetime spinoff
Campus Logic - Bootstrapped for 5 years, then raised big
Paradox: Family mula seeded
Infusionsoft - Bootstrapped for 5 years, then raised big round
There is no cycle to benefit from. We are turning the wheel for the first time.