"From a funding point-of-view the States has a more well-developed venture-capital community.
"Everyone seemed to have something to say," he adds, so an initiative meant to bring the concept to life "resonated from a funding point of view".
He said the government was supplying financial markets with additional funding, pointing out that last week, the Bank of England offered £15bn for a further three months.
"Incestuous cross-ownership in the financial and corporate sectors, imbalances in the economy and the banks' over-reliance on market funding point to a significant, and perhaps underestimated, systemic risk," wrote Simon Adamson, a credit analyst at CreditSights, in January 2006.
"From a funding point of view, there's an obligation on everyone.
I don't know," says Jerlecki, jokily, on the funding point.
The expected total for the new fund is $1.5 billion, giving the venture group sufficient capital to pursue deals at every funding point at scale.
The acquisitions and funding point to a maturing market that is reflected in the ubiquity of APIs across the application landscape.
Geopolitics and funding point to continued US dominance in this realm.
From a funding point of view, sustainability is likely to depend on a combination of government buy-in, coherence with other strategies, good working relations with donors, perceived and documented good results, and continued external support [ 21].
As Fund points out, nobody actually voted using the ridiculous names supplied by Acorn.
