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Velocity Venture Capital Launches Entrepreneurs Campus for Sacramento Area Innovators
|By Business Wire
|March 20, 2014 11:43 AM EDT
Venture Capital, the premier venture capital firm in the greater
Sacramento / Northern California region, announced the grand opening of
its Entrepreneurs Campus that seeks to stimulate a burgeoning technology
The one-acre campus originally housed Folsom’s first elementary school,
which opened in 1912 and is being repurposed for the 21st
Century era of technology and innovation. It is designed to serve as a
launch pad for efforts to ignite, accelerate, and capitalize new
ventures throughout the region and has the potential to create billions
in new revenue and thousands of new jobs.
Jack Crawford, General Partner of Velocity Venture Capital, touted the
region’s potential for economic growth:
We are thrilled to be investing in the promise offered by the
Sacramento / Northern California area, which has been home to more than
$5.7 billion in tech-based IPOs or sales in little more than a decade.
Our Entrepreneurs Campus holds true to our firm’s core belief in
investing in this area, its people and their ideas, which will create a
lasting impact that will stand the test of time.
Our Entrepreneurs Campus will be the driver for attracting even more
investment to the region. Today’s launch demonstrates our belief
that this region is truly a hidden gem for investors and entrepreneurs
Bobby Franklin, President and CEO of the National Venture Capital
Association (NVCA), praised Velocity’s leadership, saying the creation
of a campus for aspiring entrepreneurs in an up-and-coming tech
ecosystem will help lead to greater prosperity for investors and
The foundation Velocity Venture Capital is building has the potential
to reshape the economic outlook in the Sacramento region in a big way
and could serve as a model for future efforts across the country. This
unique ability to think big for every stakeholder, whether entrepreneur,
investor or community member goes above and beyond the traditional role
of the VC in the creation of this new, innovation economy.
Phil Wickham, President and CEO of the Kauffman Fellows Program, a
leadership development program for leading venture capitalists, hailed
Velocity Venture Capital for the firm’s willingness to embrace the pay
it forward mentality so prevalent in the technology industry:
The creation of the Entrepreneurs Campus is a monumental step toward
the creation of Sacramento as a force in California’s tech revolution.
Creating a collaborative environment for entrepreneurs, investors and
corporate venture funds to interact will certainly springboard the
entrepreneurial community into the upper echelon.
The Entrepreneurs Campus will host the ongoing Entrepreneurs Showcase
developed by Velocity Venture Capital. Since its inception in 2010, the
Entrepreneurs Showcase program has included mentorship for more than 70
companies, including Snippet, a publishing app for writers, Pondera,
a software security company focused on the government sector, SmartCase,
a mobile phone case that consolidates your wallet and more into an
elegant storage device, and CirrusMD, a mobile software platform
that connects doctors and patients.
Sponsors and partners of the Entrepreneurs Showcase and Campus include:
National Venture Capital Association, Kauffman Fellows Program, Samsung,
Dell, Oracle, Silicon Valley Bank, AT&T, Bank of America, Calinnovates,
University of Pacific, Folsom Cordova Unified School District, FedCorp
and a number of other key influencers in California’s technology
Velocity is now accepting applications for the Entrepreneurs Showcase
To learn more about Velocity, visit www.velocityvc.com.
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