LAS VEGAS — Two local web-based start-up companies will get the chance to pitch investors at an inaugural event aimed at helping talented tech entrepreneurs get seed financing to grow their businesses and succeed.
The event, called Start-Up Vegas, will be held from 11:30 a.m. to 1:30 p.m. Dec. 6 at Piero’s Restaurant, 355 Convention Center Dr., Las Vegas.
Las Vegas-based venture capital firm Coloma Ventures created and is sponsoring the event, which is considered to be the first of its kind in Nevada. Start-up founders will be given the floor for 30 minutes each to explain their service or product to investors. Investors in attendance will also have the opportunity to engage with the start-up teams and create a dialogue, either in the group setting or on an individual basis.
“This is a unique opportunity, and one we’re proud to bring to Southern Nevada,” said Coloma Ventures Managing Partner Monty Lapica. “Thanks to the Jobs Act, we’re able to open this exclusive investment class to a wider pool of angel investors than ever before. It also allows talented web-startups the opportunity to have their dreams become a reality and provides our savvy investors an opportunity to get in on the ground floor of some very promising web start-ups with potentially huge upside.”
Each of the start-ups has been professionally vetted by the experienced team at Coloma Ventures. A recent adjustment in the federal Jobs Act, which once prohibited general solicitation of start-up investments to the public, has undergone a number of changes in an effort to spur innovation and help stimulate the economy. The new law makes it legal to pitch investment opportunities to “accredited investors” -- those who meet a certain standard of financial security.
“There are a lot of investors out there who have made their money in traditional brick and mortar industries that would love the opportunity to invest in early-stage web ventures, such as Cameo or SnapChat, but the reality is they just don’t have the connections to the young entrepreneurs and programmers making them happen,” said Coloma Ventures Managing Partner Thomas Bell. “Start-Up Vegas was created to bridge that gap.”
Lapica said current plans are to hold these events on a quarterly basis. Local web entrepreneurs and investors who are interested in participating in this unique opportunity can email firstname.lastname@example.org or call (702) 331-4599. RSVP is required for attendance, and there is a minimum investment of $50,000. Investment is available only to accredited investors.
An accredited investor is defined as an individual with a net worth of at least $1 million excluding his/her primary residence, or someone with an annual income of at least $200,000 in the two most recent years.
ABOUT COLOMA VENTURES
Coloma Ventures is a Las Vegas-based venture capital group with a focus on Internet-based start-ups. The company represents a consortium of accredited investors including many of Las Vegas’ most influential and preeminent business luminaries. It invests in talented entrepreneurial teams and provides founders and developers access to capital for vetted and viable Internet start-ups in web, software, mobile, digital media, social, and gaming sectors.
The Coloma Ventures team has founded, operated, scaled, and sold companies, and has extensive knowledge and connections in Internet and offline business. Along with seed capital and financial resources, the company is committed to providing a full range of expertise, including strategic and operational input, to transform intelligent ideas into successful companies. More information can be accessed at www.ColomaVentures.com.