Something very exciting is happening in the southwest. You can feel it every time you go to Albuquerque, Santa Fe, El Paso, or anywhere near a university for that matter.
The Southwest is a global powerhouse when it comes to technological development. We have been for years. We’ve got the smartest scientific and engineering minds in the world at our national research labs, tier-1 research universities, and military research facilities spending more than $5 billion in research and development each year.
Verge Fund is a highly motivated venture capital fund that invests in seed-stage, high-growth ventures right here in the Southwest. This partnership focuses on opportunities at the earliest stages of their development, even if the business plan hasn’t been fully built out. Sure, there’s a certain amount of ambiguity at this stage, but it is also the point at which the right experience generates the highest return. And the Principals at Verge Fund know a little something about that.
The opportunities in our region are just below the surface and we know exactly where to find them. The Principals of this team have a combined 80 years of experience investing in and working with entrepreneurial companies in the Southwest. Our history is working in the labs, the universities and creating our own companies. We live here, we work here and we know how to get things done here.
Because our background is deeply rooted in this region, we bring with us a simple honesty about the challenges here and what we can accomplish. This straightforward attitude will keep us focused on finding and creating just the right deals that will transition into nationally and internationally competitive companies.
Our approach is different than most venture funds, but the needs and opportunities in the Southwest require that different approach. This unique perspective has led us to employ some novel techniques to how we educate and support the market, how we develop opportunities and how we build our companies.
"ENTREPRENEUR TO INVESTOR THE HARD WAY," BY VERGE FUND PARTNER DAVID L. DURGIN. Verge fund founding partner Dave Durgin offers experience from his life as one of Albuquerque's most successful entrepreneurs, angel investors and venture capitalists as a lesson to others on the same path in a new autobiography. "Entrepreneur to Investor the Hard Way, " by David L. Durgin, with Sherry Robinson, (Sunstone Press of Santa Fe, $22.95) also provides tips to startups, discusses obstacles to tech transfer, looks at New Mexico's evolving business climate, and presents a recent history of Albuquerque, as well as the story of the formation of the Verge Fund. To purchase a copy of this book, click here.
Verge Building. Verge Fund is headquartered in the Verge Building, the ideal environment for high tech, high growth companies in Albuquerque. The historic J.S. Brown Mercantile building has been renovated to become a high tech haven for startup companies.