Phoenix tech is scorching: Now where are the VCs?

The “Silicon Desert,” as locals call it, is thriving, with start-ups taking advantage of the lower cost of living, tight-knit community and talent. What it’s not attracting yet is considerable outside venture capital investment — but the entrepreneurs say that could all change with just one big hit.

Most of the local seeding comes from personal and angel investors. A Tucson-based group, Desert Angels, is the eighth-most active angel investment group, according to the Angel Resource Institute.

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