Thursday, November 05, 2009

TNInvestco winners: Very interesting

One thing we know is that as a result of Tri-Star getting one of today's announced TNInvestco allocations, there are two jobs open in technology transfer at Vanderbilt University. OTTD chief Chris McKinney just told us he'll be filling those jobs, the incumbents of which are not getting into venture capital. VUMC Vice Chancellor-Emeritus Harry Jacobson is also with Tri-Star, and has indicated he'll sever formal ties with VU. One surprising, but logical announcement: Revenue Commissioner Reagan Farr and ECD Commissioner Matt Kisber said they are game to reapproach the General Assembly for another $40MM in allocation authority, which would probably go toward two alternates (entities linked to Solidus and Nashville Capital Network). The field of winners seemed to give a real nod to entrepreneurs of the Mike Shmerling and Joe Cook(s) variety. In fact, asked about it by VNC, Commissioner Farr said that, indeed, actual operating, as well as investment experience was a weighty element. We have the full story from this morning's press briefing, as well as profiles on all 10 finalists, right here.

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