The June 2026 Connetic Signal: talent is distributed but venture capital is not — the geography of concentration, how Connetic sources nationally, and why the best founders aren’t always where the market is already looking.
Hello There,
Summer has a way of making geography feel a little more visible. People are traveling, schedules are shifting, and we are all reminded that work, ideas, and opportunity are not confined to one place. This month, we are looking at a simple but important idea: talent is distributed, but venture capital is not.
When too much capital crowds into the same geography, investors can mistake consensus for conviction and access for diligence. This issue focuses on the geography of missed deals, how Connetic thinks about national sourcing, and why the best founders are not always where the market is already looking.
Webinar Replay
Builders Backing Builders: A New Model for Venture Access
If you missed the conversation with Connetic founder and portfolio manager Brad Zapp and Stacklist founder Kyle Hudson, the replay is now available. It connects to this month’s theme: how founder geography, sourcing networks, and data-informed review processes are changing private-market discovery.
of 2025 U.S. VC deal value in the San Jose–San Francisco–Oakland CSA
22.3%
of deal count in the same market
Venture capital activity remains highly concentrated in a small number of U.S. markets. If capital is becoming more concentrated while company formation remains broadly distributed, private-market research benefits from a wider geographic lens — and a map that looks well beyond the coasts.
Geographic concentration is a risk factor masquerading as a competitive advantage. Warm introductions and regional networks can be useful, but they also create filters: a founder building in Marietta, Memphis, Cincinnati, Salt Lake City, or Detroit may not be less capable than a founder in Palo Alto — just less visible. The full piece covers what crowded ecosystems miss and how Connetic looks beyond the map.
Private markets are moving deeper into model portfolios and advisor workflows, which makes education, implementation, and clear communication increasingly important.
Connetic Corner
Summer Office Notes
Summer is in full swing in Northern Kentucky. Around the office, that means people are in and out for travel, taking advantage of the longer days, and finding a little more room for fresh air between calls.
And this month, the office has a new regular presence helping keep watch between meetings: Peaches, our new office cat, who has already started making the rounds and settling into the Connetic routine.
Peaches, our new office catMaking the rounds between meetingsSettling into the routine
