By Evan Vitale
As we close out another month, let’s see what stories are making the top headlines in the world of venture capital.
Forbes has published an article “Startups Seeking Funding Should Consider Corporate Venture Capital Arms.”
Here, contributor Richard Harroch writes: Venture capital funds capitalized and run by major corporations are becoming more popular, and are commonly referred to as “venture capital arms” or “corporate venture arms.” For example, companies such as Google, Qualcomm, Comcast, Dell, Microsoft, Nokia, and Intel all have professional active venture arms. This is an important development for entrepreneurs and startups, as these corporate venture arms can invest significant capital and provide substantial assistance to a startup.
Bloomberg Technology is reporting that Blockchain Capital LLC, which backs startups that use the technology best known for supporting bitcoin, plans to raise a new $50 million fund partly by issuing its own digital tokens, becoming the first venture fund to do so.
The San Francisco-based company seeks to raise a portion of its third blockchain fund through an initial coin offering, or ICO, of tokens and the larger part from traditional venture-capital investors who typically contribute a minimum, Managing Partner Brock Pierce, who is also chairman of the Bitcoin Foundation, said in an interview.
You can read the full story here: http://bloom.bg/2ljmR9k
Is there venture capital available for your business?
In an article by The Wall Street Journal, Steve Case says people outside Silicon Valley feels left out and he wants to change that.
Silicon Valley continues to attract more venture capital and more startups than anywhere in the U.S., but Case says that has to change. The AOL co-founder and chief executive of investment firm Revolution LLC says “everybody, everywhere” should get a shot at the American dream.
You can find and read the entire article here: http://on.wsj.com/2lpfPQY
Have a great week!