Business Services Industry
Telecommunications Millionaire Warner Backs Tech Firms in Southwest Virginia.
Knight Ridder/Tribune Business News, May, 1998 by Reed, David
Knight Ridder/Tribune Business News
ROANOKE--May 9--Promising businesses in southwest Virginia now have somewhere besides banks to turn for financing.
Telecommunications millionaire Mark Warner and about 70 private investors from southwest Virginia have established a venture capital fund that will invest nearly $6 million in new and expanding businesses in the region, particularly high-tech companies.
Southwest One, based at Virginia Tech's Corporate Research Center, is one of only a handful of venture capital funds in the country that focuses on a region, Mr. Warner said.
Mr. Warner, an unsuccessful U.S. Senate candidate in 1996 and a former state Democratic Party chairman from Alexandria, is widely viewed as a possible future candidate for...
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