As previously reported by VNC, Smyrna-based Video Gaming Technologies founder and CEO Jon Yarbrough is still aiming to invest roughly $100 million in other ventures, during the next five years.
Yarbrough told VNC yesterday that, in keeping with his plans, VGT has thus far invested perhaps $10 million strategic investments in his current industry. He did not disclose the nature of those investments.
He also said he plans to recruit a "private investment director" that will allow VGT to "pick up the pace and diversify into other industries." Yarbrough invited investment professionals interested in the position to write him via jon.yarbrough@vgt.net
In addition, Yarbrough said, he plans to invest personally through a family office he is establishing. ♦