New $100MM venture fund creator retains 2nd Generation
Milt Capps
Jon Yarbrough, creator of a new $100 million investment fund and founder-CEO of Smyrna-based Video Gaming Technologies, told VNC yesterday he has retained merchant banker 2nd Generation Capital to help him "develop a process at VGT...that should allow us to start investing in private ventures in a systematic and logical manner."Fourteen-year-old 2nd Generation is led by founder Mike Collins (left), perhaps best known for conceptualizing and capitalizing Synaxis Group Inc., the property and casualty insurance brokerage later sold to First Horizon National Corp. for about $60 million. 2nd Generation has a diverse portfolio and is allied with KraftCPAs and Axis Accounting Systems. 2nd Gen also maintains a presence in Louisville.
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