Janet Van Pelt, dressed in black slacks and a brown sweater, holding a Diet Pepsi in one hand and cradling her Hewlett-Packard laptop in the other, slides into a seat at the head of a conference room table in a Reston office building. The 49-year-old entrepreneur wants $1 million.
On Friday, PricewaterhouseCoopers (PwC) in partnership with the National Venture Capital Association (NVCA) released its quarterly MoneyTree report showing that venture capitalists invested a massive $17.5 billion via 1,189 deals, nationally, during the second quarter of 2015. In Washington, D.C., the storyline is slightly different.
It’s the early presidential campaign season, and candidates are loudly courting voters in high-profile appearances nationwide. But in quiet, closed-press fundraisers, they’re also asking well-heeled elites for the cash to keep campaigning. That cash grab is so fast-paced, it would make even hot Silicon Valley startups jealous.