We recently did a quick review of the 50+ investments RVI made over the past 17 years. There is a bunch of interesting learnings from this analysis, but one correlation stood out as worthy of further review.

Local startups were about 50% more likely to generate a positive return.

9 out of 19 local startup exits generated a positive return (47%).

But only 5 out of 16 non-local startups generated positive exits (31%)

Correlation is not the same as causation, so there is plenty more to study here. But we thought people might find the data interesting.

And while we’re talking about interesting, we’d like to give a shout out to all the local companies that gave us a win (so far):

1. Bolt

2. Colony Hills Capital

3. Envoy Health

4. Exford Performance Materials


6. Pet Angel World Services


8. Valt

9. WaterDog II