Colorado launching $150MM state venture fund for startups

Colorado’s state government is forming a new venture capital fund focused on startups in the state, and it’s aiming to raise $150 million before the fund’s formal summer unveiling.

Gov. John Hickenlooper, attending the Venture Capital in the Rockies http://www.rockymountainvca.com/ annual winter summit in Beaver Creek, told reporters there that $100 million had been raised from Colorado business leaders, according to VentureBeat, an online publication covering the startup funding industry.

Greg Avery

Full Story: http://www.bizjournals.com/denver/blog/boosters_bits/2013/03/colorado-launching-state-venture-fund.html