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Former President Donald Trump picked Ohio Senator J.D. Vance as his running first mate on Monday , as he hunt to regenerate the power he lose to President Joe Biden in 2020 .
Vance , who ’s best bonk for his memoir , “ Hillbilly Elegy , ” spent year as a venture capitalist before leave the manufacture when elected to the U.S. Senate in 2022 .
After graduate from Yale Law School in 2013 , Vance go to San Francisco , where he was a principal at Mithril Capital , a investment trust co - founded by Peter Thiel and Ajay Royan . Mithril prove two funds , a $ 540 million and an $ 850 million fomite in 2013 and 2017 , severally . Thiel was publicly active in politics in 2016 , back Trump ’s first presidential campaign , and aid fund Vance ’s Senate backwash , buthas saidhe ’s not planning to donate to any Republicans in the 2024 election .
In 2017 , Vance left Mithril and joined Steve Case ’s Washington , D.C.-based Revolution as a negociate director . His move came when his wife , Usha Chilukuri Vance , shoot down a role as a Supreme Court clerk .
While at Revolution , Vance helped Case set up ascent of the Rest , a strategy center on investing in startups outside the main U.S. technical school hub . At Revolution , the Republican VP nominee led deals into Michigan - base Aatmunn , a startup that develops software and wearable devices for on - the - job safety for grammatical construction workers . He also backed and service on the board of Kentucky - based AppHarvest , an indoor husbandry startup , that went public via a SPAC in 2021 but filed for bankruptcy security in 2023 .
However , Vance did n’t play an fighting role in Revolution ’s second boost of the Rest Seed Fund , whichclosed in 2019 with $ 150 millionin Washington commitment . Around the same time , he was focused on elevate funds for his own firm , Cincinnati - based Narya Capital . By early 2020 , the new firmraised $ 93 millionfor a investment trust targeting $ 125 million from limited partner include Thiel , Marc Andreessen and Eric Schmidt . Biotech entrepreneur Vivek Ramaswamy , who later joined the race as a Republican presidential nominee and was believed to be one of the front - runner for Trump ’s VP , was also one of Narya ’s limited partner , according to Axios .
Narya , just like Rise of the Rest , is primarily focus on backing inauguration in underserved area of the U.S. While it ’s unclear if Steve Case backed Narya ’s first fund , the AOL beginner has publicly distanced himself from Vance ’s political position and career .
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“ I have not talked to [ Vance ] since he announced last year that he was incline for Senate , and I ’ve not supported that run , ” Steve Case told TechCrunch inSeptember of 2022 .
After winning the Senate race , Vance stepped back from running Narya . The firm is presently handle by Narya ’s cobalt - laminitis , Colin Greenspon , a former mate at the Rise of the Rest Seed Fund and former managing director at Mithril . The firm is in the process of raising its $ 125 million 2nd investment company , according to aregulatory filing submitted to the SECin tardy 2022 .
