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Coloradans part of new venture capital group

Published February 22, 2007 at midnight

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BEAVER CREEK - Venture capitalists in Colorado are teaming with VCs from seven neighboring states to form the Rocky Mountain Venture Capital Association.

The move, which backers hope will give the region more national clout, means the Colorado Venture Capital Association will dissolve to join the new group.

The new group will have offices in Denver and comprise venture capitalists from Colorado, Utah, New Mexico, Arizona, Montana, Idaho, Wyoming and Nevada.

"It's a stronger story as a region," said Tracy Kerr of Meritage Funds in Denver and chairwoman of the Colorado Venture Capital Association. That group currently has 50 members, mostly venture firms.

Kerr will be chairwoman of the new organization.

The Rocky Mountain Venture Capital Association will take over sponsorship of the annual Venture Capital in the Rockies conference.