Nashville Tech Story (2/25/10)
Tuesday, 25 Venture Capital firms pledged to invest a total of $3.5 billion in technology start-ups over the next two years. The group who formed this pledge is a part of the Invest in America Alliance, headed by Intel, consisting of 25 venture capital firms as well as 17 high tech companies. Intel suggested this figure includes a $200 million Intel Capital Investment, which will target clean technology, information technology and biotechnology. Venture capital firms the new alliance include Braemar Energy Ventures, Canaan Partners, Draper Fisher Jurvetson, Institutional Venture Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers, Menlo Ventures, Mohr Davidow Ventures, New Enterprise Associates, Sevin Rosen Funds, U.S. Venture Partners, Venrock and Walden International.
In addition to the billions of dollars promised, the 17 enterprise companies promised to hire 10,500 college graduates during the next two years, meaning some companies will be doubling their hiring of grads. These high tech companies include: Accenture, Adobe Systems, Autodesk, Broadcom, Cisco Systems, Dell, eBay, EMC Corp., GE, Google, Hewlett-Packard, Marvell Semiconductor, Microsoft, and Yahoo.
Find out more here: http://www.eetimes.com/news/semi/showArticle.jhtml?articleID=223100356
Find out more about Invest in America Alliance here: http://www.intel.com/pressroom/kits/InvestinAmerica/
