We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The Blackstone Charitable Foundation donated the $4 million. The foundation along with U.S. Sen. Michael Bennet, D-Colo., Gov. John Hickenlooper and the Silicon Flatirons Center for Law, Technology, and Entrepreneurship at the University of Colorado-Boulder’s law school, have worked over the past year to create the network.
The grant will fund the formation of a network of entrepreneurial support in Colorado, similar to networks that exist in Silicon Valley, New York’s Silicon Alley, and the Boston Corridor.
“The foundation’s support will strengthen regional connections between our state’s entrepreneurs and startups, ultimately leading to more innovation and more jobs,” Bennet said. “Through its partnership with the University of Colorado, the Blackstone Entrepreneurs Network will ensure that startup companies with high-growth potential have access to the networks, mentors and guidance they need to grow and succeed.”
The announcement was made at an event at the Denver Art Museum Wednesday morning.