Vanquished by U.S. Rep. Rush Holt in the 2010 election in a competitive general election, venture capitalist Scott Sipprelle of Princeton announced today that he will not be a candidate for Congress this year in the reconfigured 12th Congressional District. 

"While I remain as committed as ever to the principles of political reform and economic renewal, as articulated during my 2010 campaign, this is not my time to be a candidate," said Sipprelle. "Over the last year I have become fully engaged, with a renewed passion and purpose, in my business of starting and building emerging growth companies. 

"For now I intend to play an outside role in the world of politics, with a particular interest in supporting first-time candidates for public office," said Sipprelle. "Through The Lincoln Club of New Jersey, I also intend to continue as a squeaky wheel, working to educate and inform the voters while supporting candidates with the experience, courage and independence to serve as problem solvers."