If you’re looking for Steve Case this week, don’t expect to find him in Washington.
The co-founder of investment firm Revolution and former AOL executive is on the road listening to pitches from start-ups as part of his Rise of the Rest campaign, which aims to draw attention to young companies in cities not known for being entrepreneurial hubs.
“It’s great that Silicon Valley is rock and rolling and New York City is rising, but there are a lot of great regions around the country and a lot of great entrepreneurs around the country that aren’t getting the same level of attention,” Case said in a promotional video for the tour.
He will travel by bus to Detroit, Pittsburgh, Cincinnati and Nashville this week. And he won’t be alone. Along the way, Commerce Secretary Penny Pritzker, Michigan Gov. Rick Snyder, Tennessee Gov. Bill Haslam and Quicken Loans founder Dan Gilbert will make appearances.
One start-up in each of the four cities will walk away with a $100,000 investment.
“We want to encourage and help accelerate the ‘Rise of the Rest’ phenomenon,” Case said.
District-based Acceleprise, an accelerator that provides money and mentoring to companies that sell technology to other companies, will open its second outpost in the tech mecca of San Francisco, organizers said last week.
Companies accepted into the San Francisco program will receive a $30,000 investment, as well as access to mentors and a network of alumni and business contacts. Acceleprise is partnering with Silicon Valley Bank and WeWork to offer participants banking services and co-working space, respectively.
“Launching in the Bay Area allows us to take a proven model in Washington, D.C. and replicate it in a city that provides [software as a service] entrepreneurs an opportunity to tap into some of the best enterprise companies, mentors and investors in the country,” Sean Glass, managing partner at Acceleprise, said in a news release.
Founded in 2012, the Washington outpost of Acceleprise welcomed its fifth class of companies earlier this year. Allen Gannett and Collin Gutman are partners in the Washington operation.
Gannett said via e-mail that Acceleprise has no plans to launch in other cities at this time.
The Silicon Valley accelerator will be run by a separate team of partners that includes Karen Appleton of Box, Nick Mehta of Gainsight, Rowan Trollope of Cisco and Michael Cardamone of AcademixDirect.
The deadline to apply for the San Francisco accelerator is August 1.
Car-summoning service Uber told customers via e-mail last week that it was lowering the price of its UberX service by 25 percent. That puts the cost of UberX, which pairs ordinary drivers with those in need of a ride, about 51 percent below the cost of your standard taxi, the company said.
While the announcement was almost certainly met with resounding applause from users, the government regulators and taxicab commissions that find Uber to be a nail in their tire are bound to be less enthused.
The company is still warring with Virginia after officials there ordered Uber and its competitor Lyft to cease operations because they had not obtained the proper permits. Not one to pay regulators much mind, Uber vowed to keep running anyway.
Zuhairah Washington, a general manager at Uber, said the price reduction has nothing to do with the company’s latest conflict. It’s a summer promotion taking place in several cities aimed at attracting new users, she said.
The e-mail to Washington area subscribers asserts a trip from Dupont Circle to Union Station will cost just $9 in an UberX after the price reduction, compared to $20 in a taxi.