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VC fund suing Denver invested tax dollars in firm lacking presence in city

VC fund suing Denver invested tax dollars in firm lacking presence in city
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Taxpayer returns unclear as VC firm sues city seeking funds

Denver was supposed to provide a new VC firm with $15 million over 3 years but the firm sued the city last week for nonpayment. While city declined to comment, BusinessDen reporting revealed Denver has no accounting of how the investments are performing.

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