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POLITICO Playbook: Reince reemerges as Cruz crashes

POLITICO Playbook: Reince reemerges as Cruz crashes
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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Microsoft's M12 venture fund chief Nagraj Kashyap departs for SoftBank


Microsoft’s M12 venture fund chief Nagraj Kashyap departs for SoftBank
February 8, 2021 at 12:09 pm
News Brief
Nagraj Kashyap, corporate vice president and global head of M12. (Nate Gowdy Photo)
Nagraj Kashyap, the global head of Microsoft’s M12 venture fund, has taken a new job at SoftBank’s Vision Fund as managing partner. Bloomberg first reported on his departure Monday.
Kashyap joined Microsoft in 2016 after spending 12 years leading Qualcomm Ventures. As a corporate vice president he helped launch M12 previously known as Microsoft Ventures and grow the investment arm, which has backed more than 95 early-stage B2B startups, 14 of which have exited. ....

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Venture capitalists invested a record $1.9B in Minnesota in 2020


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Minnesota companies attracted a record $1.86 billion in venture capital in 2020, up from $1.27 billion in 2019, in a year that also set a national record for investments in young growth companies, according to PitchBook and the National Venture Capital Association.
The startup ecosystem played a critical role in the technology, services and health care support the country has relied on since the coronavirus rolled through the country, the head of the venture association, Bobby Franklin, said in a statement.
He added there s plenty more money available for entrepreneurs with ideas. VC investors are starting the year … with ample dry powder to put to work, Franklin said. ....

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