There is a big gap in the venture industry that deeply studies and has genuine GP market fit with these industrial markets and can help them navigate a pretty challenging go-to-market [process]. When you really roll [these industries] up they are over half of the U.S. GDP. My strong opinion is, we as a country, simply can not afford to let the U.S. get left behind.
The additional capital allows the firm to write bigger checks this time around, $2 million to $4 million, which will help them stay competitive as seed rounds have gotten larger.
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