One of our new clients is being funded by a local venture fund, Velocity Venture Capital, and as a result I was talking to a local reporter who is filling in for the Sacramento Bee’s tech reporter (Clint Swett) .
Well one thing led to another and I’m in the article:
Several analysts welcomed Velocity’s move and agreed on the significance of the firm’s pouring 100 percent of its fund into local companies.
Josh Morgan, a principal at Morgan/Dorado Public Relations of El Dorado Hills and a technology specialist, said the $15 million fund is “substantial in the commitment it shows to the Sacramento region and opportunities for growth here.”
“There’s been a strong entrepreneurial commitment in Sacramento for a long time that quite frankly has left the area for (lack of) funding,” Morgan said. “Now there’s been a significant rise in available funding sources in the area. Velocity Venture is definitely a driver of that.”