Episode 38: Paul Foley – SmartCapital
Paul Foley is a Colorado native and huge tech startup enthusiast. He co-founded and sold a tech startup Augur to BounceX, and has since turned his attention to investing and venture capital. He has created a new investment model, SmartCapital Colorado, which is a portfolio of 25 fast-growth Colorado companies.
Colorado is one of the most innovative states in America. We have one of the highest concentration of entrepreneurs and technology companies in the nation. But in order to keep growing, these companies need capital. Capital is the lifeblood of any early stage business, however, according to Pitchbook, we’re not even in the top 10 when it comes to receiving Venture capital funding, although we have a multitude of investment opportunities in early-stage companies.
The team at Smart Capital is here to change this.
From an Investors Perspective, early-stage companies can be one of the highest returning asset classes out there.
But historically, the opportunity to invest in fast-growing companies has been reserved for Venture Capital Funds or wealthy Angels. Early investors in Facebook, Uber, and SnapChat made millions of dollars based on their relatively low initial investment.
Early stage investing is risky though. Many investors believe that the best strategy is to invest in around twenty-five companies to ensure diversification. They know that a number of those companies won’t make it, a few will prosper but not make it big, but that of those 25 companies, one will hit it big and return 10x the investment.
The founders of SmartCapital Colorado want to enable more people to invest and share in the rewards.
With Smart Capital, now you have investment access to some of the fastest growing companies in our state.
They have built a portfolio of 25 fast-growth companies, with some pretty clever criteria.
To be included in the portfolio, the company must have: Strong ties to Colorado, have revenue and trajectory to grow revenue with additional funding, have an identifiable market size that the company can expand into, and backed by other reputable VC’s or accelerators.
Invest with as little as $30,000, which is the approximate equivalent of $1,200 per company. You are immediately diversified amongst a variety of promising and fast-growing companies.
You won’t find access like this anywhere else.
Investors can invest in the portfolio between now and June 30th, 2019.
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