I submitted on Friday my application to manage a small pool of seed capital authorized by the state of Vermont earlier this summer. As there are not a lot of professionally managed funds playing in small money northern New England VC deals, my hopes are high. Having put that RFP to bed, I'm turning my sites on some VC funding (Venture Capital Revolving Investment Program or VRIP) that the State of Maine is offering up as well. These two states are one of the few that is actively seeking to support early stage VC funding in New England.
An article I authored on Regional Clusters for Federal Reserve Bank of Boston's Communities & Banking Magazine published today (made the cover!) Clusters are something I've written some ten articles about--see Regional Perspectives: Economic Development, Industry Clusters and Small Business Policy section of my articles archive.
A piece I wrote for Mainebiz last month contrasts "domain experience" that one finds in early stage companies--those of entrepreneurs, of operating board directors and of VC board directors. My next Mainebiz piece (out next week) talks about the agony of defeat--failure in the small company and VC world.
Monday, August 31, 2009
Capital and Clusters
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