Summary of Steve Case's The Rise of the Rest

By IRB Media

Please note: This is a companion version & not the original book.

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#1 Detroit is a great example of a city that, 100 years ago, was the Silicon Valley of its day. It lost its mojo in the 1990s, but has since been revived by a generation of startups leveraging digital technologies to create new opportunities while reviving old industries.

#2 Dan Gilbert, owner of the Cleveland Cavaliers and Quicken Loans, convinced the nation that Detroit was fighting to become a great city again.

#3 Detroit was one of the great cities in America. It had suffered for decades as a manufacturing and industrial hub, but was now seeing a rebirth as a digital startup city.

#4 Detroit was a great city until the 1990s, when it lost its mojo. It has since been revived by a generation of startups that leverage digital technologies to create new opportunities while reviving old industries.

• Language: English
• Publisher: IRB Media
• Release date: Oct 7, 2022
• ISBN: 9798350039580

IRB Media

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Insights on Steve Case's The Rise of the Rest

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 1

#1

Detroit was the first city I chose to tour in 2014, as it was the birthplace of the automobile industry. I believed that Detroit was poised for revival, as all the ingredients were in place for it to rise again.

#2

When Dan Gilbert bought those empty buildings, the city’s startup community began to thrive.

#3

Detroit is an incredible place, but you have to get there to experience it. The city symbolizes the American resolve to do something difficult, not because it’s easy, but because it’s hard.

#4

When we went to Detroit, we wanted to shine a spotlight on local entrepreneurs, and we organized a pitch competition where local startups could compete for a $100,000 investment.

#5

The road to relaunch was rocky, and they almost failed several times. They were testing the market and barely making it. They weren’t sure if they had a chance or if they were kidding themselves, so they set a goal of getting 1,000 paying customers in four months.

#6

There are three questions that every startup founder must answer: Why me. Why now. Who cares. At its core, Why me. is the identity question. It forces founders to stand on their own and make the case for themselves and their company.

#7

The bus tours were a start, but Rise of the Rest wanted to do more to help these cities. They began connecting local venture investors with other investors from other cities, to build a network of regional venture capitalists.

#8

The first $150 million Rise of the Rest Seed Fund