About Highway 12 Ventures
At Highway 12 Ventures we have one goal, to partner with the most promising high-growth start-up companies in the Intermountain West states of Idaho, Montana, Utah and Colorado to build lasting, market leading companies. We understand the unique challenges of building a company in this region and work hard to bring valuable resources to its entrepreneurs. With over $100 million under management, we have the resources to help you properly finance your company.
Highway 12 Ventures Headquarter Location
802 W. Bannock Street #701
Boise, Idaho, 83702,
Latest Highway 12 Ventures News
Jul 26, 2011
Tweet In an unusual move, Boise, Idaho-based Highway 12 Ventures , the venture capital firm run by George Mulhern, Phil Reed, Mark Solon, and Glenn Michael, said today that it has decided not to raise a third fund. According to a blog post by Managing Partner Mark Solon, the firm decided not to raise a third fund because it has "over twenty companies to manage" in its current portfolio, including three funds in its first fund, which is approaching ten years old. Highway 12 said it would be spending more time looking to maximize returns for our limited partners. The firm said--despite "genuine interest from both new and existing investors"--that it is looking to maximize value of its Fund I & Fund II. Solon told techrockies.com that it had plenty of LP interest, and could have raised a new fund, but that for personal reasons the firm did not want to commit to a new fund. The firm did not say if it might look into raising a new fund in the future; like most venture capital funds, Highway 12 is dependent on the interest of limited partners (LPs) in private equity and venture capital investments, something which waxes and wanes with the market and with the level of success in a venture fund's portfolio.
Highway 12 Ventures Team
12 Team Members
Highway 12 Ventures has 12 team members, including current Chief Executive Officer, Joe Daltoso.