The Data Behind Colorado's First-ever Rural Venture Capital Pitch Event

The Data Behind Colorado's First-ever Rural Venture Capital Pitch Event

The Data Behind Colorado's First-ever Rural Venture Capital Pitch Event

GCVF operates like a startup. 2020 marked our first major ‘product release’ – the Greater Colorado Pitch Series.

As is our goalsetting dogma, we had one ‘primary goal’ —source at least one incredible founder team to invest in. Having met a few of our pitch series founders in-person this past week (including David and Linh from Hackernoon!), and we’re confident we blew this goal out of the water.

That said, we embrace the role this pitch series can play in the larger Colorado startup ecosystem. We set internal goals in order to know we’re spending our time wisely as VCs, but a lot of the value created by GCPS resides outside of our investment.

Sourcing rural Colorado companies for investment is a byproduct of the real GCPS endeavor — creating a new pillar in the rural Colorado startup ecoystem.

So how did we do?

Here is our analysis of the 2020 Greater Colorado Pitch Series and our learnings for the future:

97 was beyond our loftiest expectations. We were very pleased by this, and do wonder if our pre-Covid 19 plans roadshow format for the Pitch Series could have matched this.

The location spread is a snapshot of how our startup ecosystem is evolving. The communities called out on the right are all either larger communities in rural Colorado, such as Grand Junction and Pueblo, or have benefited from years of community leadership to build their entrepreneurial capacities, such as Telluride, Carbondale, and Durango. Taking a decade-plus view, the sheer population of the larger communities will start to produce more startups, but right now, community leadership is the grand equalizer.

data-science

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