VC Running for Office in Race Rove Calls "Important"
Paul Roales, an associate with Pearl Street Venture Funds, is the latest venture capitalist to run for elective office. He's the Democratic Party nominee to represent Indiana's 26th District in the state legislature. May not sound like too big a deal, but Karl Rove would disagree. In a March column for the Wall Street Journal, Rove wrote: Some of the most important contests this fall will be way down the ballot in communities like Portsmouth, Ohio and West Lafayette, Ind., and neighborhoods like Brushy Creek in Round Rock, Texas, and Murrysville Township in Westmoreland County, Pa. These are state legislative races that will determine who redraws congressional district lines after this year's census, a process that could determine which party controls upwards of 20 seats and whether many other seats will be competitive.
