Chet Culver and IPERS

Some people I know have a problem with Chet Culver's position regarding IPERS. He has previously made a suggestion for investing up to three percent of IPERS funds in new Iowa companies. His opponent and those supporting him have said that this is a risky endeavor, even pointing out in a commercial several new companies that have failed. The thing is that no policy needs to be changed in order to do this. Apparently, a portion of IPERS funds have been invested in venture capital for twenty years now. The only change is that Chet Culver would want to give more preference toward companies starting in Iowa instead of elsewhere. This could help Iowa's economy by helping to create new jobs here in Iowa. As someone who has money in IPERS, although I admit that I as I am no longer a public employee, I am no longer making contributions to IPERS, I don't think this is as dangerous as Jim Nussle and his supporters would have you believe.