Fred Wilson is the best-known venture capitalist east of San Hill Road, thanks to both his wildly-popular blog and early investments in such companies as Etsy, Foursquare, Twitter and Zynga (ZNGA). But in 2012, Wilson hasn't done a single deal.
The Treasury Department said Tuesday it had agreed to sell the last of its shares in insurer AIG, resulting in what it says is a $22.7 billion profit on one of the key bailouts of the 2008 financial crisis.
The U.S. Treasury is finally ridding itself of AIG stock, four long years after the government's bailout escalated to $182 billion, after AIG continued paying bonuses when it shouldn't have, and after enraged taxpayers lobbed death threats at executives.
Venture capitalists are charged with being on the cutting edge of new technologies, and finding the entrepreneurs who can best commercialize them. But Serguei Kouzmine thinks that too few VCs have paid attention to the material sciences that enable the next generation of software and hardware companies, and has formed a new firm to fill the gap.