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I interviewed Rik G Vandevenne, Director River Cities Capital Funds from Nth Carolina @NVCA Venturescape.  He spoke about River Cities Capital Funds who have about $500m under management & they’re investing in their 5th fund.  They invest in growth equity, health care (medical devices, health care services, health care IT) & IT companies (B2B software as a service). His background is in mechanical engineering & strategy consulting & he’s been a vc for a decade. He spoke about his perspectives on the changes that are happening for the venture industry.  Innovation happens nationwide & theres great innovation happening in some of the sectors they invest in outside of Boston & Silicon Valley. “The Rise of the Rest!”  Great entrepreneurs exist nationwide & the capital has started to shrink in those areas. Venture capital industry has shrunk 50% over the last decade but its more like 80% to 90% in Boston. They see that its a good opportunity to get to know entrepreneurs longer, to track them over time & invest later stage at some of the similar values that you might have when you’re taking a lot more risk & investing in early stage companies. Hopefully that will result in better returns over time & that’s what the overall asset class needs to continue to grow.   The pendulum will hopefully start to swing back the other way & people will see good returns & fund back into it.Enhanced by Zemanta

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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