Thursday, 23 June 2016

From the Oval Office to Investor-in- Chief: Obama considers a VC gig next


As the country holds its breath in anticipation
of who will take Barack Obama’s chair in the
Oval Office, the president is considering how
to get his résumé into the right hands after
his eight-year lease on the White House
expires (tenant laws in DC are brutal ).
In a
recent interview with Bloomberg , the
president suggested that venture
investment may be just the thing for his post-
presidential career.


-Throughout his presidency, Obama has been
spectacularly tech- and small-business
friendly, including memorable appearances at
Austin’s South by Southwest festival, the
launch of Startup America, the first-ever
hackathon in the White House and a ton of
other initiatives. During his presidency,
he also has shown an unusually big interest in
Silicon Valley and the innovation that happens
in the nation’s other startup clusters.

It stands to reason, then, that once Obama
has taken the vacation to end all vacations
(I’m sure he could do some beach time, a
margarita or two and catch up on Game of
Thrones), a leap into the world of startup
investing isn’t such a long stretch.

Source: TechCrunch

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