Koleman Karleski has been eyeing local startups for several
years, even going so far as to write a few "term sheets" -- the
paperwork prelude to an investment deal -- all to no avail.
The Pittsburgh native, who is a managing director at Louisville,
Ky.-based Chrysalis Ventures. hasn't given up, and this week the state
agreed to guarantee any losses on up to $20 million the venture capital
firm invests in the region.