Tango negotiating to manage new state venture capital fund

BOULDER ? A private investment company in Boulder is negotiating with the state to become the fund manager of the new Colorado Venture Capital Authority.

Tango Colorado LP, started in 1998 by Boston Chicken (now Boston Market) founder Scott Beck, would be in charge of $50 million in state tax credits, if chosen. The fund manager for the state?s venture capital authority would be in charge of investing the money into Colorado-based early-stage businesses. A concentration of the money would go to firms in rural and urban distressed areas.

Tango competed against four finalists to gain negotiating rights for the fund manager…