In fact one of the key players in that initiative, telecommunications guru and Democratic politician Mark Warner, also was a catalyst for the Southwest Virginia venture fund. Meanwhile, the State Corporation Commission is studying reforms to state regulations governing small private equity offerings. Current rules were designed to protect consumers, not to stimulate new business. The SCC is studying reforms in other states, and Gregg hopes a legislative package will be ready by fall. A growing awareness of the need for early-stage capital has been one impetus for these developments.
More people have money to invest than before.
And with stock prices bid to lofty earnings multiples, venture funds seem like a reasonable way to diversify. So, trickledown economics is working. Well, I tracked him down to find out. It turns out that McAfee sold his company, left Silicon Valley, and settled in Colorado to start a new venture. Technology is geographically independent.