Saturday, November 08, 2008

Capital ideas: Tennessee VC infrastructure

There are a number of new venture-capital and related initiatives afoot that deserve close attention: Obviously, the State pension plan's first-year authority to allocate something north of $750MM to private-equity investments is stunning. And, as we reported Friday, the strong capital-formation task force created by Tennessee Technology Development Corporation represents a real 'gathering of eagles'. There are other actors: In that same story yesterday, TTDC President Eric Cromwell indicated he's exploring an expanded role for Nashville Capital Network, an angel group that also has a sidecar investment fund. And, Nashville Technology Council's Tod Fetherling's public appearances make clear he hasn't lost any of his entrepreneurial spirit, in moving from ConnectivHealth to NTC.

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