"Crafting Colorado’s State Venture Fund"

In 2004 the Colorado General Assembly created the Venture Capital Authority (VCA) and allocated premium tax credits of $50 million to VCA to be sold to insurance companies doing business in the State of Colorado . Through this process, the VCA receives about $4.5 million per year and now, as a limited partner, invests the funds in Colorado Fund1. Colorado Fund1 makes seed- and early-stage investments ranging from $250,000 to $3.3 million in qualified businesses.

Through a competitive bidding process, High Country Venture, LLC (HCV), a private venture investment company, was selected as general partner and now manages the fund. Except for limited state approval to ensure the businesses that receive funding meet minimum specified requirements, HCV makes all funding decisions.

Speakers

*

Laurie Ganong Jones
President
Sterling Bio-Technologies Corporation
Sterling, CO
and
Vice-Chair
Colorado Venture Capital Authority
*

Mark Lupa
Principal
High Country Venture, LLC
Boulder, CO

Full Audio: http://cfi-institute.org/AudioBlog/