Saturday, June 30, 2007

Investor with local ties still eyeing right 'recipe'

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.

Article Link

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