Is D.C. the Next Great Tech Startup Hub?
City officials and local tech entrepreneurs weigh efforts to transform the nation's capital into a haven for angel-backed, emerging tech ventures by pointing out the shifting dynamics of the model for funding startup tech ventures, with cloud computing, open source software and other industry trends lowering the cost of setting up a business, potentially diminishing the importance of the traditional venture capitalist. However, this is at odds with a city, that while trying to cultivate this tech hub, is also struggling to improve a public school system so as not to lose the middle-class.