And so that's been the the journey been on for the past , you know , 15 years or so with a particular bias towards which ties again with rise rest the bias towards investing outside of Silicon Valley . Since most people invest in Silicon Valley , we thought there was an opportunity to invest outside of Silicon Valley and really help the entrepreneurs in cities all around the the country take uh you know , start companies that maybe they otherwise wouldn't have been able to start or scale them in ways that they otherwise wouldn't have been able to scale . You've had tremendous success of revolution , more than 50 exits from different funds that focus on all stages of the company's growth from seed stage where you're making small $100,000 investments to series A and B rounds where you're making 5 to $25 million investments in late stage companies were making 25 to $50 million investments .
But you said that that would have never happened if you didn't get out of what you call the echo chamber of Silicon Valley , can you tell us how you stumbled on the idea of where the idea came from , what the pain point was that you were solving for and why it wouldn't have happened if you stayed in Silicon Valley ? And what's your advice to the millions of aspiring entrepreneurs who want to start a tech company and think that Silicon Valley is the best place to do it . Ok .
So the entrepreneur in those places do have a tougher time . If they have an idea , getting the funding , they need to , to make that ideal real , which then leads many of them to leave where they are to go to some other place like the Silicon Valley because that's kind of where the other people are and that's where the money is and that results in sort of a brain drain , almost a hollowing out of , of some , some communities . And we're trying to slow that brain drain and create a , a boomerang of people returning .
France had 35 hour work weeks and complicated labor laws , which seemed like the worst place on the planet to start a company . But you said that that would have never happened if you didn't get out of what you call the echo chamber of Silicon Valley , can you tell us how you stumbled on the idea of where the idea came from , what the pain point was that you were solving for and why it wouldn't have happened if you stayed in Silicon Valley ? And what's your advice to the millions of aspiring entrepreneurs who want to start a tech company and think that Silicon Valley is the best place to do it .
The rest was specifically some of the work I was doing 10 years ago with the White House President Obama . I asked , was asked to chair in this group called Startup America that opened my eyes to the role entrepreneurs play and and not just building businesses but creating jobs and the disparity between how venture capital is invested where you know , most of it goes to , you know , a few places like Silicon Valley , 75% of venture capital in the last decade has gone to just three states , you know , three states . So California , New York and Massachusetts .
