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One man's trash another man's treasurer.
Detroit shore on the decline lately but there's an unexpected silver lining more entrepreneurs and techies are thinking Detroit is the place to be.
And that may be the attention from the bankruptcy.
Will boost business opportunity Bob marsh.
He's the CEO of -- -- level eleven and he says venture capital cash and funding are flooding into town what bush tell about it.
There's a big influx of cash.
Yeah believe they're not there -- that thanks for having me it's -- -- -- wonderful place to start -- business and you know we're surrounded by many other companies just like -- that are.
Ready to kind of lead Detroit to the future that we've all been envisioning for a long time.
Why why isn't better than other places I -- where else did you consider -- of working and and doing business.
Yeah this is what's what's kind of the funny and surprising story a lot of people so.
You know we certainly could have started his business and and many plays that could have been in the suburbs of Detroit it could have been and other parts of the country.
-- you know first drawn from Michigan -- -- certainly plays a role but you know it's it's a great plays because there's is there's all this energy in the city around building a company.
And so we have the support of incredible launch for Norris you know are that in Detroit also trying to trying to grow the city and so we have their support.
And we've got incredible talent based around the state quick time out there.
Apple let me stop you right there does that that's one of the biggest concerns when you move into a blighted area is that there is the talent there to -- -- -- the schools are so terrible.
And the street lights are working.
How is it that anybody that could get a job in Silicon Valley and be a good -- worker what happened to be -- to try to work for you.
They think about -- the entire metropolitan area you've got some pretty amazing schools like like University of Michigan Michigan State they're kind of building is incredible talent base.
In the state of Michigan.
So over the years a lot of people have left the state they're now looking for reasons to come back.
You've got some some incredible companies that are based headquartered in Michigan and if -- -- headquartered out in Silicon Valley -- think -- -- -- this small software company.
Trying to compete with the likes of FaceBook and -- -- like how my gonna get that -- talent.
In Detroit I can get that a talent because either people who want to get behind.
Not only building a company but also building the city its ability have access to those people is really a pretty special thing that you know many wouldn't expect.
No that's a great point I mean they're people that have family in the area want to be there and they don't want to -- out to California where it's incredibly expensive to live and maybe they don't have a tied to the area.
-- -- -- that the attention around the bankruptcy.
Could actually be a good thing in the sense that you know it's sort of brings people in and they realize that there is a -- there.
Could it also sort of clear that attacks in terms of the fiscal setting.
So that may be big -- you know the city has a chance to -- grow around you and and fix this situation because some people make the point to Tristan decline for a long time.
You know you need to kind of clear the decks and and give it a rebirth of good for you so -- the bankruptcy big -- that.
Yeah -- I think you really -- that -- -- so there's a very difficult time mean it's it's affecting a lot of people personally their jobs.
And their pensions going to be difficult for number of people but you know this is something that that -- really has been a long time coming.
The whole idea behind a bankruptcy is to help someone have a fresh start.
That's exactly what's happening in Detroit and so.
Go to your point I think about the talent base you've got a lot of people that have left the state you know coming out of these school grade school that left the state because there was an opportunity there.
And now they wanna come back and -- -- with their own business.
We've got you know a number of people on the team that have done exactly that McVeigh left the state and are moving have moved back to Detroit to come work for us.
Because they wanna play a role and they see the opportunity -- -- exists then again they want to be part of building that.
In the meantime is it.
Hard to operate day -- -- I mean are their hurdles to get over in terms of just basic services you know I believe we've asked other people have been in the area.
It can't come on the show.
We hear there's a 45 minute wait time if you call 911 that half the street lights are out that half of the parks have closed.
I know it's neighborhood by neighborhood but when you have a whole city that's hurting for cash.
That's got to have an impact on your data daylight and operation.
Yeah I mean those are real struggles and everyone's read about them in the they -- they're going to be a challenge and this is all part of what would needs to get corrected that and I believe will get corrected.
The back to your question like day today these are things that in the if you look at the central so Detroit is a very vast geographic area.
When you're in the central business district which is exactly where we are where we are right next right next to Comerica Park and Ford Field and Quicken Loans is incredible.
Areas right downtown.
It's it's a very safe it's a nice area to walk around got restaurants and as more businesses are moving in and more these buildings are getting rebuilt.
That's actually a very nice place today.
Right Bob thank you so much for coming -- because we want to highlight the positive that can come out of this and the opportunity.
Mean there's an opportunity to really make money -- people should know that thanks for coming on the show and telling us about a good luck to you.
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