Meet Bain Capital Ventures, the $2 billion fund that has nothing to do with Mitt Romney
Summary
For the past few weeks, politicos have been focused on Republican presidential candidate Mitt Romneys track record in finance. Romney left Bain more than ten years ago—exactly when is also in dispute—but he has campaigned on his activities in venture capital by invoking early-stage investments in companies like Staples and Dominos, which later became massive and created jobs. So of course Romney opponents have invoked the term "vulture capitalist," confusing venture capital with a negative view of private equity. BCV no longer wants to remain silent as political mudslinging around the words "Bain" and "venture capital" threatens to smear its name. But BCV issued a press release spinning it as new, scoring a slew of media stories everywhere from FOX Business to ReadWriteWeb last week.