Miami: The Next Silicon Valley? Keith Rabois Thinks So
Keith Rabois, the managing director of Khosla Ventures, is on a mission to turn Miami into the next tech hub. Despite setbacks like Andreessen Horowitz shutting down its Miami office, Rabois remains bullish on the city. At the Primary Venture Partners’ NYC Summit, Rabois revealed that 11% of all seed investments in the US are now coming out of Miami, up from zero, with a goal to raise that to 20%.
Rabois also hinted at Khosla Ventures investing in a company that will "reinvent education" in Miami. This comes after leading a $150 million investment in spend management startup Ramp, which has an office in Miami. Rabois is active on Twitter promoting Miami as a founder-friendly city, taking a jab at San Francisco's issues with homelessness and opioids.
While Rabois still spends a quarter of his time in San Francisco, he sees the potential in Miami for building a new tech ecosystem. He emphasized the importance of angel investors, founders, and various skills within companies to create a successful tech hub.
In conclusion, Keith Rabois is leading the charge in transforming Miami into a thriving tech hub, attracting investments and talent to the city. With the right support and resources, Miami has the potential to become the next Silicon Valley, offering opportunities for founders and investors alike. Stay tuned for more updates on Miami's tech revolution.