Ashton Kutcher’s VC firm, Sound Ventures, believes there’s opportunity for investment outside of Silicon Valley. Specifically, the firm pegs Denver, Austin and Miami as the most promising U.S. markets for tech startups and investing, outside of the large markets like Silicon Valley and New York, of course.
According to Sound Ventures partner Effie Epstein, speaking on stage at TechCrunch Disrupt SF 2018 this morning, Boston is another great market for startups.
She also noted that the firm has a couple of companies coming out of Miami now, and credited Seattle as being a possible player.
“Seattle has always been in the background. I’m kind of surprised that we haven’t seen more out of Seattle,” said Epstein.
However, when asked about the most promising upcoming markets, Seattle wasn’t on the list.
“I would say Denver, Austin, and, shockingly Miami, have been climbing up the ranks,” she said.
Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025
Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.
Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025
Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.
The appeal of these markets is that they’re places where people don’t just want to work, they also want to live.
“One of the one of the biggest things relative to those companies being in different markets was they could attract talent at similar to lower prices because the cost of living was lower,” Epstein said, during the Disrupt interview. “So, suddenly people could have better lives working at companies – working on hard problems to solve to make the world a better place – but actually have a life while they were doing that.”
The partners also touched on the possibilities in L.A.
More recently, L.A. startups have been able to actually retain their talent, they said.