Florida Funders’ Tom Wallace sees a ‘sleeping giant’ in the Sunshine State


    There’s a large pool of untapped funding for young technology companies in Florida.

    Only a fraction of the state’s 400,000 accredited investors — people who are financially sophisticated, have $1 million in net worth and can deal with securities not registered with financial authorities — currently back local startups, said Tom Wallace, managing partner of Florida Funders in Tampa.

    Wallace wants that to change, because access to capital historically has been a major challenge for Florida tech firms.