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.


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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