It’s been a year since Denver-based Rockies Venture Club, an angel investment group, first became involved in the Pikes Peak region. That period, referred to by RVC Executive Director Peter Adams as a “year-long trial,” uncovered both good news and bad news about the region’s startup community — and angel investing in particular.
The good news is RVC will remain active cultivating entrepreneurs in Colorado Springs, to include continuing its work alongside locally based High Altitude Investors, an accredited investor organization. The two organizations, for instance, recently partnered for a startup event June 22, which included a panel discussion and pitches to local investors.
Among the bad news is Colorado Springs’ startup community still lags far behind Northern Colorado cities, according to Adams, and creating more angel investments (and the number of investors), as well as nurturing tech startups, are great ways to diversify a defense-dependent economy.
“I think things are moving ahead,” Adams said. “Colorado Springs is a community in change, but I think it has made the commitment to pull together and look at the bigger picture. I feel optimistic, but this is still nascent for the community.”
Check out the July 22 Colorado Springs Business Journal for more from Adams about his time with the RVC — which he says is the oldest angel investment club in the country — his challenges in Southern Colorado and his organization’s plans to move the city’s startup portfolio forward. Also hear from Patrick Bultema, executive director of innovation at Colorado College and newly acquired ambassador for the RVC.
“I don’t think good ideas have geographic boundaries,” Bultema said. “Opportunities are everywhere.”