New technologies were helping to drive a U.S. economic recovery but that not enough people were sharing in the gains, said former Secretary of State Hillary Clinton.

Speaking at a conference sponsored by Nexenta Systems Inc. where everyone who attended received a signed copy of her latest book, “Hard Choices,” Mrs. Clinton declined to say whether she would run for president. She said she would be working hard this fall to make sure that Democrats don’t lose the Senate and can maintain “a decent balance” in the House.

The bulk of her speech centered on the technology industry’s role in the U.S. economy. She frequently praised Silicon Valley in the well-received speech, which ended with a standing ovation from the several hundred attendees.

Mrs. Clinton cited new technologies like cloud computing and “software-defined everything,” which she said are “helping businesses operate more efficiently and effectively at the same time that they increase productivity and profit and are helping to drive economic recovery.”

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, New Technologies, US, US Economy Recovery, Hillary Clinton, Nexenta Systems Inc., Silicon Valley.

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Silicon Valley venture capitalists have invested a huge amount of capital into Korean startup venture set up by a university student.

IAMCOMPANY, a firm operating a free education information app “IAMSCHOOL,” succeeded in inducing 1.5 billion won (US$1.48 million) from three venture capital firms. Its app funnels school announcements and class notices to parents’ smartphones using a format similar to Twitter and Google+. Schools publish text updates and photos and parents register to receive updates from particular schools.

The company was set up by Chung In-mo then-college junior of Korea Advanced Institute of Science and Technology in July 2011 with 13 million won of seed capital offered by the Daejeon Metropolitan City. According to the company, the IAMSCHOOL app is being serviced in 8,000 schools in Korea and about 750,000 parents are using the app.

Source: The Korea Bizwire

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Silicon Valley, Silicon Valley Venture Capitalist, Korean Student’s Startup, Korea, Startup, Student, University Student, IAMCOMPANY, IAMSCHOOL, Twitter, Google+, Korea Advanced Institute of Science and Technology, Daejeon Metropolitan City.

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Biotechnology Keeps Attracting Venture Capital Investment

August 27, 2014

During the second quarter of 2014, biotechnology keeps attracting venture capital investments, with investment in biotech reaching record levels. Venture capitalists invested $1.84 billion in 122 biotech deals in the period, according to a MoneyTree report released Monday by PricewaterhouseCoopers and the National Venture Capital Association, using Thomson Reuters data. New York City ranked No. […]

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Temasek Teams Up with Private Equity Firm Riverstone Holdings to Invest in European Oil Exploration

August 26, 2014

Temasek Holdings, an investment company owned by the Government of Singapore, has teamed up with Riverstone Holdings, a private equity firm focused on leveraged buyout and growth capital investments, to invest in a new European oil exploration company, marking the latest in a string of recent deals on the continent by the Singapore state fund. […]

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The Gender Effects in the Venture Capital World

August 25, 2014

Following to a study released by Harvard University, women venture capitalists underperform their male counterparts by some 15%, but the performance differences have narrowed over time. “We find that female venture capitalists significantly underperform their male colleagues,” wrote Paul Gompers, Vladimir Mukharlyamov and Yuhai Xuan of Harvard and Emily Weisburt of the University of Texas […]

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Ontario Teachers’ Pension Plan Targets Remaining 50% Stake in Bristol Airport

August 22, 2014

The Ontario Teachers’ Pension Plan is targeting the acquisition of remaining 50 percent stake in Bristol International Airport. The C$140.8 billion (US$131.1 billion) pension fund plans to acquire the 50% stake in Bristol International Airport held by Macquarie Group, giving Toronto-based OTPP 100% ownership of the Bristol, England, airport. A deal for the additional stake […]

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Events App DoubleDutch Raises $15M in Venture Capital

August 21, 2014

Mithril Capital, the venture capital firm co-founded by Peter Thiel, has led a $15 million funding round for the latest start-up to go this route is DoubleDutch, which makes an app for organizing events and gathering data from them. In addition, the company said it secured $4 million in credit from Silicon Valley Bank. DoubleDutch […]

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American Venture Capitalists Boost Investment into European Tech Startups

August 20, 2014

As investors in the United States look to profit from the rise of the continent’s fledgling digital groups, American venture capital groups are investing more into European technology startups. New data show that Europe’s new tech companies now raise more “significant” funding rounds of $10m or more than four years ago, partly thanks to interest […]

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Portland Private Equity Firm Buys Control of Guerdon Enterprises

August 19, 2014

Portland-based private-equity firm Riverlake Partners, LLC acquired controlling share of Guerdon Enterprises, a Boise producer of large multi-unit modular buildings. As speed, quality and control increasingly become critical decision making factors for the construction industry, the modular construction segment is projected to increase during the next few years and continue gaining acceptance in an estimated […]

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Carlyle’s David Rubenstein Eyes Opportunities in Africa for Private Equity

August 18, 2014

David Rubenstein, an American financier and philanthropist best known as co-founder and co-chief executive officer of The Carlyle Group, a global private equity investment firm, thinks about the opportunities in Africa for private equity. This is what according to Rubenstein, private equity has been the fastest growing industry within financial services over the past 30 […]

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