While Colorado isn't exactly considered the epicenter of venture capital investing, talented entrepreneurs and unique companies are beginning to draw more investors in.
A panel of venture capital professionals who have had experiencing working with Colorado businesses explained why at an event last week called the Colorado Venture Summit. The Denver event brought together Colorado-based CEOs from successful startups and partners from out-of-state venture capital firms.
The chair of the event’s organizing committee said goal of the event was to help introduce CEOs of promising startup and tech companies with venture capital partners from around the country who could help launch these local businesses to the next level.
Venture capital professionals who had invested in Colorado startups in the past sat on a panel to provide information on working with entrepreneurs in the Centennial State.
One of the panelists, a managing partner of Siemens Venture Capital, said that while a “venture” relationship can be difficult to foster from several states away, he has found that Colorado entrepreneurs have been easy to work with.
Another one of the panelists, who is the managing director at Adams Street Partners and has made several investments in Colorado companies over the past ten years, said the climate in the state has shifted for startups.
He said there are now many seasoned entrepreneurs in Colorado who have experience building extremely successful companies, which makes it easier to recruit valuable employees from Silicon Valley and other parts of the world.
Ultimately, the event suggests that exciting venture capital opportunities could lie ahead for talented Colorado entrepreneurs and their businesses.
Of course, when considering a venture capital relationship, it’s extremely important to make sure your rights and your business is protected, which is why it’s vital to work with a local attorney who is well-versed in business law.
Source: Xconomy.com, “Colorado Venture Summit Pairs Top Entrepreneurs, Out-of-State VCs,” Michael Davidson, June 23, 2014