In May, Colorado’s Secretary of State touted the creation of 155,000 new LLCs in 11 months. Her office now says 10 percent were fraudulently created.
John Davis, CEO from 2017 to 2019, says the Austin-based brokerage franchisor has a “pyramid scheme-type playbook.”
“This is the missing piece where Sprinter vans are not able to navigate to. And being 50 I don’t want to sleep on the ground anymore,” said the founder.
Colorado universities had record fund increases between 2020 and 2021, then losses in the fiscal year that ended June 30. But they’re still ahead.
The 146 companies in Colorado that made the cut were topped by a firm in Vail, but 97 of the companies are based in the Denver metro area.
It “completely reshapes the non-compete landscape” said a Denver attorney, one of three experts that spoke to BusinessDen.
An aerospace company raises cash for the fourth month in a row, plus investors fund a wine brand, a health insurer, a solar energy firm and a bottle maker.
The Colorado Housing and Finance Authority chose the winners from 26 applications. Combined, they will have 592 income-restricted units.
Colorado startups raised $1.9 billion, the highest amount of capital in one month in state history, according to SEC filings.
A state law allows municipalities to require income-restricted units in residential projects.