Why Not Boulder?

Why Not Boulder?

By: Giovanni Ruscitti 

So, is it true that Boulder is the next hotbed for innovation and entrepreneurship? According to the Kauffman Foundation, Boulder has the highest startup density in the country (Fort Collins, Denver, and Colorado Springs are not far behind, each of them are in the top ten). Boulder also ranks third, and only behind San Francisco and Silicon Valley, for venture capital investment dollars per 100,000 people. And over the past 5 years, more than 687 million dollars were invested in companies in the city of Boulder. Boulder is big business.

And, Why Not?

We have talent.

According to the US Bureau of Labor Statistics, we live in the most educated metro area in the country. Nearly three-quarters of us have earned a bachelor’s or advanced degree; this is more than double the national average.

Our city has a legacy of innovation and entrepreneurship.

In 1877, Boulderites persuaded the State Assembly to make Boulder home to Colorado’s first public university. CU-Boulder’s faculty has won five Nobel Prizes, four in physics and one in chemistry. It is also home to the Deming Center for Entrepreneurship and Silicon Flatirons Center – A Center for Law, Technology, and Entrepreneurship. These two centers are world-renowned for teaching and encouraging people to build their own businesses. In 1949, Boulder beat out 11 other cities and became the location for the National Bureau of Standards’ Radio Propagation Laboratory. Today, Boulder houses a number of Federal laboratories including the National Center for Atmospheric Research, the National Institute of Standards and Technology, and the National Oceanic and Atmospheric Administration. National Laboratories around the country have, among other things, explained photosynthesis, confirmed the big bang theory, and helped develop the internet as we know it.

We are home to a number of fortune 500 companies.

Bell Aerospace was founded here. IBM, Google, Oracle, Covidien, and Level 3 all have satellite offices in or around Boulder County. And, we are a startup haven. Techstars’ corporate office is here in Boulder. Rally Software was founded in Boulder and went public just last year. A few months ago, Twitter purchased Gnip, a Boulder-based firm, for 134 million dollars. N30 Pharmaceuticals, another Boulder founded-firm, announced this last week that it had raised a 30 million dollar mezzanine financing round. Also, in the first two quarters of this year, Boulder-based firms have raised 57 million dollars in venture capital investment. So why is all of this money flooding into Boulder?

Because these bright, hardworking people who have built these companies want to live here.

We live in a city that butts up against one of the most iconic rock formations in the world. We are surrounded by hundreds of thousands of acres of open space. Our city is beautiful. Minus the current state of highway 36, we do not have to deal with hours of congested commuting. We have great food, places like Frasca and the Kitchen, and world class beer (thank you, Mr. Avery). Boulder is a Mecca for hikers, bikers, rock-climbers, and runners. “Work” is just another part of our lives, we figure out how to balance it with skiing and biking and drinking craft beer. This confluence of beauty and things to do beyond just “work” has created a wonderful home for companies. People want to live here; they want to raise a family here; and that is something that is not going to change.

So yes, I do believe that Boulder is the next hotbed for innovation and entrepreneurship, and I am honored to be a part of it.

Why We Are Here?

As a firm, we represent clients of all sizes, from fortune 500 companies to individual entrepreneurs. We have earned the reputation of being a “bet the company” law firm. We love helping companies in whatever way we can. From angel round financings to selling or buying companies, we thrive on helping our clients achieve their dreams.

At heart, I am an entrepreneur too; I helped found Berg Hill Greenleaf & Ruscitti LLP. After years of working for a large firm, I realized that it was not how I thought law should be practiced. I had my own vision of how a law firm should run and was lucky to find 3 other people who shared that same vision. We risked our comfortable jobs and took a chance because we wanted to make a difference in our community. Thirteen years later, I could not be happier with my decision.

Why Another Blog?

We want to be your source for all things Boulder business news. In this blog, our team will cover current and recent Boulder County M & A deals, financings, major contracts, and real estate sales.

Our team consists of myself, Pat Perrin, Jared Crain, and Brett Johnson. Pat was the valedictorian of his class at the University of Colorado Law School. He went on to become the managing partner of Hogan & Hartson’s (now Hogan Lovells) Boulder office. Before law school, Pat played professional tennis. He also holds a black belt in Brazilian Jiu-Jitsu. Jared also attended the University of Colorado Law School where he graduated in the top ten percent of his class. In 2008, Jared won the Boulder County Bar Association Outstanding Young Lawyer of the Year. He too worked for the international law firm, Hogan Lovells. Brett is our newest corporate associate. Just this last year he graduated from the University of Colorado Law School in the top fifteen percent of his class. In law school, Brett won Best Brief in the Colorado Appellate Advocacy Challenge and clerked for Judge John L. Kane, Senior District Judge for the District of Colorado. Before law school, Brett founded and became the first president of a non-profit organization in Boulder.