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Venture capitalist to run Ohio development agency


Gov. John Kasich is tapping his long-time friend Mark Kvamme, a Silicon Valley venture capitalist, to lead the Ohio Department of Development and begin shifting it to a private nonprofit entity focused on creating jobs, reports the Dayton Daily News.

Kvamme, a California native, will take a leave from his job as a partner in Sequoia Capital Management, fly into Ohio on Monday mornings, fly home on Thursdays and telecommute the rest of the time, Kasich said.

Read the full story here.
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