Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

I was in the studio alone this week with the wonderful Clara Sieg of Revolution, an early-stage venture capital fund that invests in disruptive startups from underrepresented geographies. As you might have guessed, we talked about the rising trend of investors backing companies from “second-tier” markets like Austin, Atlanta, Denver, Philadelphia, Seattle, etc.

Clara herself hails from Pittsburgh, an up and coming market for technology startups and venture capital investments. We discussed how that has influenced her career in VC and how she landed at Revolution (she’s been there for nearly a decade!) in the first place.

In this special episode, Clara also teaches me how cities become

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