In July 1999 the Milken Institute issued a study of various U.S. metropolitan areas for their growth in tech-related industries over the last decade. Albuquerque copped the No. 1 spot. However, strong interest doesn't mean easy money. Despite the millions of dollars available, venture capital isn't for sissies. Or for the unprepared.
Myriad factors cause tech entrepreneurs to either sink without a trace or feel lost in a maze.
The confusion arises from the difference between what the entrepreneur considers important and the kind of business the funder knows will bring financial returns. McCorkle is the first to admit that funding isn't really about the idea but about the market for that idea. Murphree Venture Partners' Tom Stephenson agrees. Clinton Bybee, manageing director for Arch Venture Partners concurs. We're interested in strong core technology that can be applied in many ways.