Alex Doll Joins National Venture Capital Association Board of Directors
BURLINGAME, Calif., June 05, 2025--(BUSINESS WIRE)--Ten Eleven Ventures, the original cybersecurity-focused, global, and stage-agnostic investment firm, today announced that its co-founder and managing general partner, Alex Doll, has been appointed to the National Venture Capital Association (NVCA) Board of Directors.
Doll brings extensive experience as a venture investor and a deep strategic understanding of the cybersecurity landscape to the NVCA. At Ten Eleven Ventures, he has successfully led investments in over 60 cybersecurity startups and scale-ups, already guiding 17 to successful exits, including notable IPOs such as Ping Identity, Darktrace, and KnowBe4. As a member of the NVCA Board, Doll will leverage his experience to strengthen the entrepreneurial ecosystem and help innovative startups more effectively navigate the transition from private to public markets.
Doll's appointment also affirms the NVCA's growing recognition of cybersecurity's critical importance across venture capital and entrepreneurial ecosystems. As the founder of the industry's first cybersecurity specialist venture capital firm, Doll brings a distinctive perspective on the complex ways national security and geopolitics impact start-ups and scale ups in the cybersecurity industry. As a board member, he looks forward to adding insights on national security and geopolitical dynamics from the point of view of the cybersecurity industry.
"We're thrilled to welcome Alex Doll to the NVCA board," said NVCA President and CEO Bobby Franklin. "Through his leadership in our National Security Working Group, Alex has consistently brought sharp insight and a deep commitment to safeguarding American innovation. Adding his perspective to NVCA's Board of Directors will be invaluable as we work to better serve the entrepreneurs tackling today's toughest challenges."
"The NVCA plays a crucial role in advocating for policies that fuel innovation, facilitating strategic private-public partnerships, and nurturing an engaged venture community," said Alex Doll. "In today's challenging economic climate, cybersecurity startups face increasing obstacles in accessing public markets. To sustain innovation and scalability in this critical sector, we must evolve our regulatory frameworks and ecosystem support to streamline and demystify the IPO process. Additionally, we must remain steadfast in our commitment to funding groundbreaking research, protecting intellectual property, and strengthening national cybersecurity resilience. I'm committed to working with the NVCA and policymakers to drive meaningful change on these important matters."
The appointment also underscores Doll's deep-rooted commitment to the NVCA's mission, continuing a family legacy of leadership. Alex's father, Dixon Doll, served multiple terms on NVCA's board, including as Chairman during the critical passage of the U.S. JOBS Act in 2012. That landmark legislation marked a rare alignment between government and business, fostering significant advancements in innovation, infrastructure, entrepreneurship, and job creation.
The NVCA remains dedicated to advocating for public policies, facilitating strategic collaboration, and providing resources to empower venture capital firms and startups. Doll's expertise and visionary leadership will be pivotal in advancing NVCA's ongoing efforts to strengthen the foundations of high-growth businesses across America.
More details on the new board appointments can be found here.
About Ten Eleven Ventures
Ten Eleven Ventures is the original cybersecurity-focused, global and stage-agnostic investment firm. The firm finds, invests in and helps grow top cybersecurity companies addressing critical digital security needs, tapping its team, network and experience to help build successful businesses. Since its founding, Ten Eleven Ventures has raised over $US1 billion and made over 60 cybersecurity investments across stages worldwide, including KnowBe4, Darktrace, Axis Security, Twistlock, Verodin, Cylance and Ping Identity. For more information, please visit 1011vc.com.
About NVCA
The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250605946351/en/
Contacts
Ten Eleven Ventures Press Contact: Monsy Carlomonsy@1011vc.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
a minute ago
- Forbes
How To Tap The AI Nuclear Bonanza For 10%+ Dividends
The AI boom still has plenty of room to run—but investing purely in AI stocks is not the best way to tap into it. NVIDIA (NVDA) and friends yield next to nothing! And these are crowded trades. Luckily for us, there's another way to get in. Bargains are still available in the corner of the market we'll get into below—as are 10%+ dividends. It's all tied into AI's voracious appetite for electricity. Yes, utilities are part of this play, but we want to go a little bit deeper and zero in on stocks specifically tied into nuclear power. We're going to tap into those through high-yield closed-end funds (CEFs) that both trade at discounts and send huge payouts our way, too. Let me explain. It's been about a month since the Wall Street Journal reported on President Trump's plans to expand nuclear power in the US. The story went mostly unnoticed, but it's an important one because it's a multi-year plan that has bipartisan—and indeed non-political—support. For a couple of years now, tech companies have been pushing for more nuclear power. Alphabet (GOOGL) has been investing billions into nuclear-power companies such as Kairos Power and Elementl Power, while Amazon poured $500 million into X-Energy to build up nuclear capacity. AI, and its near-bottomless power demand, are behind these moves. And since AI is now transforming the American workplace and boosting productivity, the debate over whether this tech is a flash in the pan or here to stay is settled: It's here to stay. Back in September 2020 (i.e., long before ChatGPT was released), I wrote in my CEF Insider advisory that one needs to invest widely to benefit from the technology, since it can produce efficiencies in circuitous ways: 'Some companies, like insurance firms, will profit from artificial intelligence as this technology improves underwriting, lowers risk and improves health outcomes for patients.' The growing attention that nuclear power is getting is a prime example of this circuitous, second- and third-order benefit from AI playing out. Since AI is power-hungry, electricity and infrastructure suppliers serving the growing nuclear-power business will benefit. Sounds Great, But How Do We Profit From The AI Nuclear Growth? You might be thinking, 'Okay, but how do I actually ride this wave?' Well, as I mentioned off the top, we need to look further afield than the NVIDIAs of the world to capture these higher-order effects of AI. That's where utilities come in: Higher energy demand is a clear win for utilities, yet in the three years since ChatGPT and its range of copycats have been released, the utilities sector, shown in orange above by the performance of the benchmark Utilities Select Sector SPDR Fund (XLU), has returned just 25%, less than half the broader market. That tells us the sector as a whole is still undervalued. And it also means buying XLU is still on the table as a way to capture the growing power (and specifically nuclear-power) demand AI is creating. But XLU isn't the only play, and it's hardly the best. As an index fund, it gets us broad exposure to the utilities sector, but broad isn't what we want with something like AI, which is being brought in unevenly throughout the country. We want something a bit more tactical to target where the demand is hottest. A more active approach, like that of a CEF called the Gabelli Utility Trust (GUT), fits the bill here. The fund holds firms like WEC Energy (WEC), which is looking at expanding nuclear power production in Wisconsin, and Constellation Energy (CEG), owner of the largest collection of nuclear plants in the US. Plus, with its 10.7% yield, GUT is a much better income provider than 2.8%-yielding XLU. Plus, over the long haul, GUT (in orange above) has closely tracked XLU's total returns, so we're not sacrificing performance for income here. However, there are two snags with this fund. First, if GUT is just tracking the index, it isn't outperforming and thus we can't expect it to be tactical enough to benefit from the AI boom more than an index fund would. Plus, the fund is far from a bargain. GUT currently trades at a 96.2% premium to NAV. That's the second-highest premium in the CEF world, and it means investors are paying nearly $2 for every $1 of assets! And, as we saw last year, that premium can disappear fast, causing big losses in the short term, as well. So, while GUT has done a good job transforming utilities' profits into income, its premium and its historical performance suggest it isn't the way to go for us. So instead, let's look at another CEF, the 10.1%-yielding Voya Infrastructure Industrials and Materials Fund (IDE), which trades at a 4% discount to NAV. As the name says, the fund holds key infrastructure suppliers like Siemens AG, Cisco Systems (CSCO) and Schneider Electric SE, all of which stand to gain from an AI-driven infrastructure buildout, including on the nuclear front. Not only is IDE a lot cheaper than GUT, it's also outperformed it on a total-NAV-return basis (based on its underlying portfolio, not its sentiment-driven market price) over the last three years. With a slightly higher total NAV return, IDE's management has proven they know where to put money to get returns, and the fund's lower volatility is attractive, too. Without big swings in its asset value, like GUT saw in 2023, IDE hasn't had to sell assets at a loss to maintain its payouts. Additionally, the fact that IDE has beaten GUT over the last three years on a total-NAV-return basis, suggests it is being more tactical and benefiting more from the AI boom. That makes it more than worth your attention as a place to invest as nuclear demand rises in the long term. Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report 'Indestructible Income: 5 Bargain Funds with Steady 10% Dividends.' Disclosure: none
Wall Street Journal
a minute ago
- Wall Street Journal
What's News in Earnings: How Magnificent Can the Magnificent Seven Get? - Your Money Briefing
Bonus Episode for Aug. 5. Six of the so-called Magnificent Seven companies have reported quarterly earnings, with only Nvidia, the most-valuable of them all, yet to release its results. Heard on the Street's Asa Fitch talks about how much better it can get for the stocks harnessing AI-mania to propel the stock market. Asa, who also writes the Journal's new AI newsletter, says that the hyperscalers show no sign of slowing their furious pace of capital investment in infrastructure, but he cautions that continuing to top investors' lofty expectations is becoming more of a challenge. Markets AM writer Spencer Jakab hosts this special bonus episode of What's News in Earnings, where we dig into companies' earnings reports and analyst calls to find out what's going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter. Sign up for the WSJ's free WSJ AI & Business.
Politico
16 minutes ago
- Politico
Trump and Schumer couldn't clinch a deal. Now a shutdown hangs in the balance.
Despite decades of history between them, their relationship is now almost nonexistent. They haven't had a formal one-on-one meeting since Trump's second inauguration. And they did not speak directly as part of the nominations negotiations, according to two people granted anonymity to discuss private details. The unraveling of a typical pre-summer recess nominations deal has many on Capitol Hill concerned about what is to come. While other congressional leaders are sure to figure into the negotiations, it's Schumer — who will determine whether Senate Democrats filibuster spending legislation — and Trump — who has to sign any shutdown-averting bill — who will be the key players. 'It would be better if those two negotiated,' Sen. Kevin Cramer (R-N.D.) said of Trump and Schumer. Cramer said Senate Majority Leader John Thune served last week as the 'arbitrator' ferrying between the 'bare-knuckled' New Yorkers during the recent nominations fight. And Speaker Mike Johnson will have his hands full trying to keep his thin majority united behind a spending strategy that will keep the pressure on Democrats. Democrats believe the onus is on Thune and Johnson to wrangle Trump — the dominant leader of their party — and convince him to come to the table. They are using their hardball tactics over nominations as a warning shot for the fall funding fight. 'Sooner or later, Donald Trump — Mr. 'Art of the Deal,' or so he claims — is going to have to learn that he has to work with Democrats if he wants to get deals, good deals, that help the American people,' Schumer said late Saturday night as the Senate prepared to leave town for the summer. 'Going at it alone will be a failed strategy.' Trump's decision to temporarily abandon his confirmations push rather than give in to what he called 'political extortion' from Schumer allowed the embattled Democratic leader to do a pre-recess victory lap after taking heat from the party base for months. Schumer came under fierce criticism in March for helping to advance a shutdown-avoiding spending bill written solely by Republicans. He warned at the time that a shutdown would only empower Trump and that the dynamic would be different come September as, he predicted, Trump became more unpopular. Nine other members of his caucus joined him. Trump initially urged Republicans to stay in Washington until all of the roughly 150 pending nominees were confirmed — a demand that could have essentially erased the Senate's planned four-week recess. But Schumer and Democrats demanded that Trump unfreeze congressionally approved spending in return for consenting to the swift approval of some nominees. Trump would not pay the price. In a post where he blasted 'Senator Cryin' Chuck Schumer,' Trump instructed senators to go home. Republicans flirted with adjourning the Senate to let Trump make recess appointments, but that would have required recalling the House — and reviving the Trump-centered drama over the Jeffrey Epstein files. Instead, they are vowing to pursue a rules change later this year to quickly push Trump's nominees through the Senate. Schumer relished the Truth Social post, putting a poster-sized version on display next to him as he spoke to reporters Saturday night and comparing it to a 'fit of rage.' He kept the heat on Monday, joining with House Minority Leader Hakeem Jeffries to demand a so-called four corners meeting with Thune and Johnson to discuss a government funding strategy lest a government shutdown hit Oct. 1. (Republicans, who accuse Schumer of 'breaking' the funding process, haven't responded.) Though Schumer and Thune have had informal talks about September, they haven't delved beyond the broad strokes. The South Dakota Republican, asked about Trump and Schumer, predicted the two will have an 'evolving relationship.' 'At some point, obviously, there are certain things they are just going to have to figure out, because on some of these things where we need 60 [votes], there are going to have to be conversations,' Thune said in a brief interview. Schumer and Thune joined 85 other senators to advance the chamber's first bipartisan funding package late last week, in a show of unity that senators hope will pave the way for another package of spending bills in September. But Congress is still expected to need a short-term funding patch by Oct. 1, and there are early signs of splinters among Republicans about what that step should look like. But the nomination fight also underscores that Trump is the ultimate wild card heading into the showdown. At various points heading into and over the weekend, Republicans and Democrats appeared to believe they were close to an agreement and just needed Trump's blessing, only for it to unravel. Sen. Richard Blumenthal (D-Conn.) said that Schumer's 'satisfaction' in the wake of the nominations showdown is justified but added it was impossible to predict if Trump would come to the table in September. 'One of the most striking and salient facts about Donald Trump is his unpredictability,' he said. Schumer and Senate Democrats have been trying to game out multiple scenarios in closed-door caucus meetings. They have also been discussing what demands to make in exchange for their votes to fund the government. Those could range from an ironclad commitment from Republicans that they won't agree to claw back more funding or seek policy concessions, such as unfreezing foreign aid or National Institutes of Health funds, or pursuing a deal on soon-to-expire Affordable Care Act tax credits. Democrats have their own internal fault lines to manage. Already Pennsylvania Sen. John Fetterman is vowing to vote to keep the government open, while others like Sen. Elizabeth Warren of Massachusetts are striking a more combative tone. Republicans' unwillingness to commit to rejecting future spending clawbacks, she said, shows 'the budget negotiations weren't worth the paper they were written on.' But Schumer, for now, is savoring the moment. After he wrapped up his news conference Saturday night, the smiling Democratic leader insisted his party was 'more effective and more unified than the Republicans' as he kibitzed with reporters. 'What do you think — the art of the deal?' he asked, his arm around a poster-board display of Trump's 'Cryin' Chuck' post.
