Global VC Capital Shifts: Pension Funds, Tariffs, and the $1B Minnesota Dream

Global venture capital is being forced to innovate, with states and nations racing to plug funding gaps before the "valley of death" swallows the next generation of startups. Minnesota's audacious call for $1 billion in fresh capital — leveraging state pension funds like North Dakota and Texas — signals a shift from tax credits to direct investment. Simultaneously, Ireland's new VC chair is proposing a fund-of-funds model tapping pension auto-enrolments to counter an AI...