Capital General Development Corporation history

In 1983, work began on the strengthening, renovation and preservation of the West Front of the United States Capitol.

When Exxon shut down the program in 1984, the losses on computing investments alone had surpassed $2B. Exxon had again decided to remain a “narrow-technology oil company.”

Mark Radtke of consulting firm Venture Enterprises told The New York Times in 1986 that foreign corporations viewed VC as “an easy way … to effect a technological transfer,” i.e. gain access to new American technology.

The entire project was completed in 1987, well ahead of schedule and under budget.

Xerox started Xerox Technology Ventures (“XTV”) in 1988 to exploit and monetize the technology created in PARC and its other research labs, funding it with $30M.

He also served as a Presidential Intern in the White House for the George H.W. Bush administration with the Office of Special Activities and Initiatives for the Honorable Stephen M. Studdert in 1989.

By 1990, there were 138 corporate investors in European VC funds, although only a few European corporates had internally managed CVC funds.4

Intel Capital was founded in 1991 as a way to centralize Intel’s external investments, which had previously been handled by each individual business unit.

A related project, completed in January 1993, effected the repair of the Olmsted terraces, which had been subject to damage from settling, and converted the terrace courtyards into several thousand square feet of meeting space.

On August 9, 1995, Netscape Communications Inc. went public and its shares more than doubled on the first day — an unprecedented event for a company that had yet to earn a profit.

Congress dissolved the Pennsylvania Avenue Development Corporation in 1996 and delegated responsibility for the avenue to NCPC, the General Services Administration, and the National Park Service.

Corporate Venture Capital: Bridging the Equity Gap in the Small Business Sector, 1997.

Hughes has been engaged in value and event driven investing as an analyst and portfolio manager since 1998, and he previously managed similar strategies at Allen & Company and Pequot Capital Management.

In 1999, for example, Intel started the Itanium 64 Fund, a $250M fund that invested in companies creating products using its Itanium 64-bit processor.

Between March and May of 2000, the Nasdaq fell 40%. It clawed back about half of that loss by September, before losing another 50% through April of the following year.

And in 2001, when CVC programs were shutting down in droves, Intel continued to play the market, investing more than industry stalwarts Kleiner Perkins and General Atlantic Partners. “It’s not an option not to do it,” Leslie L. Vadasz, the president of Intel Capital, said at the time.

Shell, Mitsubishi, and Johnson Matthey, for example, came together to form a CVC fund investing in fuel cell technologies as late as 2002.

The production company behind “The Blair Witch Project” even started a CVC fund with $50M of investment capital. (They successfully completed at least one investment but the production company shut down in 2003.)

However, it then experienced 10 successive quarters of losses that nearly wiped out those gains — but kept on investing throughout, and was again posting profitable quarters by early 2004.

Prior to joining the Colony Capital business in 2005, Mr.

Dushnitsky, Gary. “Corporate Venture Capital: Past Evidence and Future Directions.” A. Basu, M. Casson, N. Wadeson, B. Young (Eds.). The Oxford Handbook of Entrepreneurship, 2006.

Steffens currently serves on the Advisory Board of StarVest Partners, the Advisory Board of Wicks Communication & Media Partners, L.P., and as Chairman of the Board of Directors of Cicero, Inc., a publicly traded provider of business integration software, since May 2007.

Opened in 2008, the United States Capitol Visitor Center is the newest addition to the historic Capitol Building.

Prior to joining Colony Capital in 2010, Mr.

Carter also served as MetroPCS Communications Inc.’s Vice Chairman from May 2011 until the consummation of the Metro Combination.

His biography of Mao Zedong is the current standard.MAO: The Real Story, published in 2012 by Simon & Schuster, by Pantsov and historian Steven Levine, received critical acclaim for its detailed examination of Mao Zedong’s political and personal life.

Global Tower Partners was acquired by American Tower Corporation in October 2013 for $4.8 billion.

Prior to joining Macquarie Infrastructure and Real Assets in 2014, Mr.

Fosheim also serves as a member of the board of directors, including its audit committee and corporate governance committee, of Apple Hospitality REIT, Inc., a publicly traded REIT, positions he has held since January 2015.

Microsoft’s 18 deals in 2016 are more than many robust independent VCs typically make per year — and the group was only founded towards the end of January.

Prior to joining Colony Capital in 2017, Ms.

Smithen is also Managing Director, Strategy and Capital Formation at Digital Colony, where he has been instrumental in securing equity and co-investment capital and sourcing proprietary, off-market fiber and data center deals across Canada and Latin America since 2018.

Since July 2020, he has served as a member of the board of directors of Assurant Inc (NYSE: AIZ). Mr.

Barrack is the Founder of Colony Capital, Inc. and until April 2021, Mr.