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Home > News > Venture capital spreads the wealth around the country

March 10th, 2008

Venture capital spreads the wealth around the country

Abstract:
•Washington state. There's a rich pool of entrepreneurial talent to tap in Seattle, home to Microsoft, (MSFT) Starbucks (SBUX) and Amazon.com, (AMZN) says Chad Waite, managing director at OVP Venture Partners in Kirkland, Wash.

Waite left Silicon Valley and joined OVP 21 years ago, well before Microsoft became a global giant. Now, OVP manages $800 million in 100 start-ups in life sciences, semiconductors, nanotechnology and other fields.

While other regions fund first-time, untested entrepreneurs, OVP is investing in a second generation of seasoned, successful entrepreneurs. "They've been through the battles and are proven," Waite says.

Source:
usatoday.com

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