By Evan Vitale
We’ve reached the half-way point in 2016 (can you believe it?), so let’s see what stories are making headlines in the world of venture capital.
The Cincinnati Business Courier has published an article announcing Blue Chip has launches a new venture capital fund.
Blue Chip Venture Co. has raised a $20 million fund to make follow-on investments to fuel growth at companies in which it has already invested.
Blue Chip Managing Director Jack Wyant calls the fund “the only two-year venture capital fund in existence.” Most venture capital funds have a 10-year time horizon. Blue Chip launched its last two funds – the fifth and sixth in its 26-year history – with five-year plans to return all capital to investors. Blue Chip has invested about $1 billion since 1990.
The article can be seen here: http://bit.ly/297lx6a.
Forbes has released an interesting infographic showing which industries attract the most venture capital. Can you guess which ones?
Echoing all of those success stories, software receives the largest slice of the VC pie by a considerable distance, accounting for 36.2 percent (nearly $12 billion) of all investment over the past year. Biotechnology was in second place with 17.3 percent ($5.7 billion) while media and entertainment rounded off the top three with 9.5 percent ($3.2 billion).
Check it out here: http://bit.ly/294C4KC
And, according to Quartz (http://qz.com), a new career in Silicon Valley might be in store for President Barack Obama.
In seven months, Barack Obama will leave the White House as president of the United States. He’s going to need a job. In an interview with Bloomberg on June 13, he hinted at the possibility of joining entrepreneurs and venture capitalists in Silicon Valley.
Obama said “had I not gone into politics, I’d probably be starting some kind of business,” said Obama. “The skill set of starting my presidential campaigns—and building the kinds of teams that we did and marketing ideas—I think would be the same kinds of skills that I would enjoy exercising in the private sector. … The conversations I have with Silicon Valley and with venture capital pull together my interests in science and organization in a way I find really satisfying.”
The story is here: http://bit.ly/2989zsb