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July 13, 2005
Colin Powell is now a venture capitalist
Posted by Dominic Basulto
Looks like all that's required to be a venture capitalist these days is a fat Rolodex, a BlackBerry, and a little curiosity about new technology. The New York Times reports that former Secretary of State Colin Powell is joining legendary Silicon Valley VC firm Kleiner Perkins as a 'part-time' partner. Both Rudy Giuliani and Al Gore have also dabbled in the world of private equity after stepping down from public office, and so it comes as no real surprise that Powell would be courted by dealmakers in Silicon Valley. At least he's not staying in Washington to work for The Carlyle Group, which is chock-full of former diplomats and bigwigs who invest in defense sector firms.
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