Member Login






Login reminder Forgot login?

CSE Member Polls

Most Challenging Small Business Hurdle
 
Friday, 13 November 2009 04:51

Announcing New Seed Capital Fund

Written by  Mike Schmidt

To CSE Group Members:

To paticipate in the announcement of the new Colorado Seed Capital Fund as one of the founding partners of Velocity Innovation Partners, I will be attending the Peak Venture Group breakfast on November 13, 2009 entitled, "INNOVATIVE FUNDING STRATEGIES: Alternatives for injecting cash into your company". Here is the link for the PVG Event: Peak Venture Group Breakfast

I will be supporting Karl Dakin of Divinci Quest who is one of the founding partners of Velocity Innovation Partners and will be on one of the speakers on the morning panel .

Velocity Innovation Partners is responding to this serious problem by creating a new $50 Million dollar Seed Capital Fund in Colorado that is designed as a series of integrated capital funds to support business from startup through growth and entrepreneurial education across multiple industries.

Specifically, the Company is designing these 4 targeted Funds:
-Microfinance (invest up to $50,000) of $10 million
- Seed Capital (investment $50,000 to $100,000) of $20 million
- Industry Growth (investment $100,000 to $500,000) of $17 million
- Education (investment of $150,000/person) of $3 million
(Supplemented by net earnings of the other funds)

We will be fully capitalizing each type of fund with $50 million through a direct public offering in the State of Colorado. This funding is sufficient to microfinance 200 businesses; seed fund 200 businesses; growth fund 30 businesses within the green building industry; and provide 30 year educational mortgages to 200 entrepreneurs. We are currently in the initial stages of raising our first $600K in start-up funding that will allow us to put the Direct to Public Offering in place beginning in the first quarter of 2010 to raise the first $50 Million in funding.

We will be launching an enhanced web-site in the next several weeks to provide more details about this exciting development for Colorado's much needed Seed Capital space. If you would like additional information about Velocity Innovation Partners and this new seed fund, feel free to contact me.

 

ensembleS

Mike Schmidt, CEO
Ensemble Ventures, LLC

VIPlogoSM

Mike Schmidt, Partner
Velocity Innovation Partners

Last modified on Friday, 13 November 2009 04:55

Please login to post comments.

Site Search

CoSpgs BizNews

Joomla Templates by Joomlashack