By Evan Vitale
Let’s take a look at what venture capital stories are making headline this week.
According to Financial Times, Bill Maris, the executive who built Google’s venture capital arm into one of Silicon Valley’s most prolific backers of start-ups has quit, in the latest sign of turnover among the internet group’s longest-standing leaders.
The full story is here: http://on.ft.com/2b17K12
Bloomberg is reporting that venture capital is the worst performing asset for Calpers – California Public Employees’ Retirement System.
Returns for VC holdings at the nation’s largest public pension fund were 7 percent over the last five years and 5.6 percent over the last decade, according to a presentation prepared for the board. The investments lagged behind all other private-equity assets for Calpers, partly due to “modestly decreased” activity in venture-backed initial public offerings, the presentation said.
The details are here: http://bloom.bg/2aV4uF6
Do you need some venture capital tips? The Telegraph Connect has some, thanks to Hernandez Gallardo with White Star Capital.
The article is here: http://bit.ly/2aPbO5f
Alafair Biosciences, an Austin-based medical device startup, announced recently it has received $2 million in venture funding.
The story, in “Silicon Hills,” which covers technology news in Austin and San Antonio, says ATP Fund led the Series A investment with participation form existing and new investors including the UT Horizon Fund. To date, the company, founded in 2011, has raised $5.9 million.
The latest funds will help Alafair Biosciences expand its sales and marketing efforts and help with product development. As part of the deal, ATP Fund managing partner and representative Kyle Cox has joined Alafair’s board.
The full report can be found here: http://bit.ly/2b18Sll
Finally, in Nashville, Tennessee, a study shows that more of Nashville’s venture capital funds are being pumped into health care. In all, over the last 10 years, $1.6 billion has been poured into local startups – 60% of that went into health care.
Read the story here: http://bit.ly/2b18Nhp