Washington Post: More on Obama Venture Capitalist pick Gordon Mills

"President-elect Barack Obama this afternoon nominated venture capital expert Karen Gordon Mills to head the Small Business Administration.

"We must strengthen the small businesses that are the backbone" of the American economy, Obama said at a Chicago press conference. "With Karen Mills as administrator, America's small businesses will have a partner in Washington" who will help them create jobs and understand the challenges they face.

Mills, who has been part of the president-elect's SBA transition team, is president of MMP Group, a private equity investor and adviser since 1993. From 1999 to 2007 she was founding partner and managing director of Solera Capital, a New York based venture capital firm. She is also lead director of Scotts Miracle-Gro. Her husband is president of Bowdoin College in Maine. "