AI Summary

Stephen Ward, co‑founder of Brightmind Partners, a two‑year‑old cybersecurity venture fund based in New York, is raising a second fund of $250 million. The fund focuses on early‑stage cyber‑security companies. Ward says that most portfolio companies will not go public, arguing that investors should sell on the way up rather than wait for an IPO. The new fund will continue to support Brightmind’s existing and new investments in the cyber‑security sector.

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