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For $1, Governor Hires Silicon Valley VC to Help Spur Ohio Job Creation

January 8, 2011 /

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A prominent venture capitalist from Silicon Valley has agreed to run the Ohio Department of Development essentially free to help transition it to a private jobs organization, Gov.-elect John Kasich plans to announce today.

Mark Kvamme, a partner at Sequoia Capital in Menlo Park, Calif., will serve as department director on an interim basis for $1 for a period of months and help start the nonprofit JobsOhio, Kasich said yesterday.

Privatizing the state’s development department was a key element of Kasich’s campaign for governor. He complained that the state’s current efforts were ineffective.

By Mark Niquette

Full Story: http://www.dispatchpolitics.com/live/content/local_news/stories/2011/01/07/copy/for-1-kasich-hires-private-help-to-spur-job-creation.html?adsec=politics&sid=101