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Leighton Cubbage Named Chairman of SC Venture Capital Authority

Via Upstate Business Journal

April 10, 2014

Serrus Capital cofounder Leighton Cubbage was appointed head of the state Venture Capital Authority (VCA) to serve a term through July 1, 2017.

The VCA was established in 2005 as an agency within the Department of Commerce to identify and select qualified professional investors who will invest in South Carolina companies. The authority is a seven-member board selected by the governor and state lawmakers.

Cubbage has several years of experience in the venture capital field. He has served on boards in the automotive, banking and healthcare industries.

He said he supports the Haley administration’s heavy emphasis on business climate and recruitment and that he and Gov. Haley agree that government probably should not be in the venture capital business, but the VCA must be managed to ensure the best outcome for the state.

“Making an environment where it’s good for entrepreneurs is important. It’s a path that many people can’t walk working in both government and business and doing it the right way,” Cubbage said. “So I’m willing to lend my name to the effort.”

***This article was originally published on Upstate Business Journal's Website, CLICK HERE to read original article.


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