Merger and acquisition deals are experiencing a flight to quality. Multiples of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) are holding steady, but volume has dropped. During the seemingly invincible days of 2007, average multiples were 6.2-times EBITDA. In 2009, multiples lowered to 5.4-times EBITDA. “That really is not that bad,” said Chris Blees, [...] [...]
The veil shrouding venture capital funding was “peeled back” by Catharine Merigold, founding general partner of Vista Ventures, during a Peak Venture Group breakfast last week at the Garden of the Gods Club. As a venture capitalist who vets companies and entrepreneurs’ business plans as part of an ordinary work day, she brought a realistic [...] [...]
Legislation passed the House of Representatives this week that will allow companies financed by venture capital to compete for Small Business Innovation Research grants. That’s welcome news for biotech companies, which usually spend decades and billions of dollars on research. If Congress approves the measure, it will mark the first time in six years that the [...] [...]
Venture capitalists spent $620 million in Colorado during the past three years — all for clean and renewable energy industries, but none of the money was spent in Colorado Springs.
The city is missing out on one of the fastest growing industries in the country. A report from the Pew Foundation showed that job growth in Colorado for clean energy grew at 18.2 percent, ahead of overall job growth of 8.2 percent.
[...]
In spite of belt-tightening in the high-tech sector, private-public partnerships are moving commercial and academic research and development to new levels. As COVA Technologies of Colorado Springs discovered, entrepreneurialism is alive and well. In the past twelve months, COVA Technologies, a five-year old developer of ferroelectric semiconductors, has not only received multiple research and commercialization [...] [...]
A venture capital company expanding to Colorado Springs from Austin, Texas, is looking at potential investments here and elsewhere along the Front Range, said Greg Carlisle, who will manage the company for Gefinor Ventures. The company has rented office space on the 11th floor of the Wells Fargo building. Carlisle said it is looking at [...] [...]
Under the watchful eye of Jeff Cooper and his partners, Dick Petritz and Karl Walter, New Venture Resources is building its impressive portfolio and forging ahead with risk capital investment — undeterred by temporary technology industry contraction or setbacks. So what makes a venture capital angels like New Venture Resources take the risk? Here’s a [...] [...]
Over the years, many Hispanic-owned businesses have faced discrimination from business and community leaders and rejection from financial establishments. But that assessment has been slowly changing and, with help from a national chamber of commerce and banking institution, many of these business owners can now get a needed financial boost. The USHCC Private Equity Fund [...] [...]
Community leaders involved in the implementation and development of the technology incubator can breathe a sigh of relief now that a new president and CEO has been chosen. Gary Markle, a long-time Colorado Springs businessman and successful entrepreneur, was the chosen leader from nearly 300 applicants from around the country. Four board members extensively interviewed [...] [...]
With financial support for the Penrose Heritage Foundation master plan voted down by the El Paso County Commissioners, organizers seeking to gain control of the El Paso County Penrose Equestrian Center will have to head back to the drawing board. “This is D-Day,” said county administrator Terry Harris. “Decision Day.” The proposed master plan called [...] [...]