Idaho venture capital, angel market makes solid increase

Boise probably won’t become the next venture-capital hotbed any time soon because the metro area produces one or two deals a year considered fundable, said Mark Solon of Highway 12 Ventures.

Deal volume has not increased much compared to that found in neighboring states, he said.

But Solon likes what he sees in the Boise area. The venture capitalist previously based in Boston founded the Highway 12 venture-capital firm http://www.highway12ventures.com in Boise eight years ago and has been a local advocate for the venture capital segment. Highway 12’s approximately 15 funded companies include Idaho enterprises.

“The quality of businesses we see since we started in 2000 has increased noticeably,” he said.

by Brad Carlson

Full Story: http://www.idahobusiness.net/archive.htm/2008/07/21/State-venture-capital-angel-market-makes-solid-increase