By Evan Vitale
Here are the latest headlines making news in the world of venture capital.
According to the Greenville News, venture capital is not out of reach for Southern start-ups.
For young companies, money is fuel. When those companies get investments from venture capital and angel investments, it could be a rocket to success. Many of the firms providing that investment are concentrated in Silicon Valley and the Northeast, leaving startups in the Southeast to duke it out for funds from a smaller number of groups in regional hubs like Atlanta and Charlotte, as well as growing markets like Charleston and Chattanooga.
But if they’re willing to look outside their backyard, entrepreneurs can still land significant investments to help their companies grow.
Check out the full article here:
Forbes is reporting that Rhode Island Governor Raimondo is redefining venture capital success.
In 2006, the Employee Retirement System of Rhode Island committed $5 million of worker retirement assets to a small Point Judith II venture capital fund managed by Gina Raimondo—a Rhode Island native who would go on to become, as General Treasurer, the chief fiduciary of the state pension that invested in her fund.
During her first year as Treasurer, she spearheaded a “reform” of the pension which reduced the state’s assumed return on pension investments, slashed workers’ benefits, exponentially increased fees paid by the pension to Wall Street money managers and resulted in the fund significantly underperforming its peers.
The full story is here:
Kansas City is seeing a jump in venture capital, according to an article by the Huffington Post.
Kansas City has been on a roll the last few years in the entrepreneur, technology and development space. The city has the top researchers and leaders in the world for entrepreneurs at the Kauffman Foundation. KC has some of the best resources for entrepreneurs in the United States through organizations like KCSourcelink, Think Big, UMKC SBTDC and the Sprint Accelerator powered by Techstars. It boasts some of the highest speed internet as the first city to launch one gigabit Google Fiber and is a pioneer in the Smart City movement in the United States as a Cisco Smart + Connected Community.
You can read the full story here: