JD Vance, the bestselling author of "Hillbilly Elegy," has launched a new venture-capital fund as part of his continued efforts to restore prosperity to America's heartland.
The fund, Narya Capital, is targeting $125 million and has already raised $93 million from Silicon Valley royaltly like Marc Andreessen, former Google exec Eric Schmidt, and Peter Thiel. The firmwill provide Series A investments in the $5 million to $10 million range to science and tech startups in cities outside of the coastal tech hubs, like Salt Lake City or Atlanta, that are often-overlooked by the vast poool of venture funding.
Vance was previously working with ex-AOL exec Steve Case on a similarly focused investment vehicle, the Rise of the Rest Seed Fund.JD Vance, the bestselling author of "Hillbilly Elegy," has launched a new venture-capital fund with backing from billionaire Peter Thiel and other Silicon Valley investment elites as part of his continued efforts to restore prosperity to America's heartland.
Vance's new Cincinnati, Ohio-based fund Narya Capital is looking to raise as much as $125 million to cut checks to entrepreneurs focused in science and technology pursuits,
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