Revenue generating companies have shown that they’ve successfully been able to identify a need as well as build an initial product to solve that need. They may be less risky and plan to use investment capital for growth. Furthermore, companies that have been backed by at least one venture capital firm or graduated from an accelerator means someone else has contributed to vetting and investing in the company.
Colorado is one of the most innovative states in America. Colorado has one of the highest concentration of entrepreneurs and technology companies in the nation. However, the state is underfunded, and there exists a plethora of opportunities. Instead of creating another venture fund, the founders of SmartCapital Colorado want to enable more people to invest and share in the success. Colorado is where the founders are based and have access to these companies.