In the latest episode of the Iowa Tech Podcast, host Kaylee Williams sat down with Charlie Cuddy, Managing Partner at Move Venture Capital and Executive Director of the Nebraska Startup Academy. Charlie’s story is a compelling narrative of innovation, education, and the transformative power of venture capital in the Midwest. His journey from a high school math and computer science teacher to a venture capitalist is an inspiring tale that underscores the potential for growth and development in the heartland of America.
Charlie’s venture into the world of startups began in the classroom, where he saw firsthand the challenges faced by students in a high minority, low-income school. Recognizing the need for computer science education, he initiated a program to equip students with the skills necessary for the evolving workforce. This experience of tackling educational barriers laid the foundation for his future endeavors. Eventually, a tweet from angel investor Jason Calacanis opened the door for Charlie to join the world of venture capital, allowing him to learn from one of the best in Silicon Valley.
Move Venture Capital, founded by Charlie and his partners, focuses on early-stage investments, primarily within the Midwest. Their investment thesis is grounded in the belief that the region is ripe with potential, particularly given its unique emphasis on building profitable, sustainable businesses. With an average first check size of $50,000 to $100,000, Move VC is not afraid to be the first to invest in promising startups. The Nebraska Prototype Grant, which matches non-dilutive capital from the state, has been a significant boon for their efforts, enabling them to support innovative solutions across the Midwest.
Charlie’s passion for education remains a driving force behind his work. The Nebraska Startup Academy, the nonprofit arm of Move VC, provides high-level education, resources, and connections for entrepreneurs. This initiative is designed to support the 95% of startups that do not receive investment, ensuring that they still have access to valuable resources and knowledge. By offering both in-person events and an online platform, the Academy fosters a collaborative environment where founders can learn and grow.
As the Midwest continues to evolve as a hub for innovation, the importance of risk capital and supportive ecosystems cannot be overstated. Charlie’s work with Move Venture Capital and the Nebraska Startup Academy highlights the region’s potential and the opportunities that exist for those willing to invest in it. With a focus on education, collaboration, and strategic investment, the Midwest is poised to become a powerhouse of entrepreneurial activity, driving progress and transforming communities.
