The Washington Business Journal: New $50M fund targets health care technology firms

The new fund will not find any shortage of potential portfolio companies, said Glen Hellman, an angel investor and chairman of Driven Forward LLC, a District-based strategic adviser to entrepreneurs.“That part of their premise is right on,” Hellman said. “They come down to the angel level, because the [New Enterprise Associates] and the Grotechs of the world just won’t give that little amount of money.”But Hellman said the surge in entrepreneurial activity at that level comes with a pronounced need for subject matter expertise, to discern the true gems. (Read More)

The Washington Business Journal
The prospects for a new DC Venture Fund focused exclusively on health tech
by Ben Fischer