VC fund suing Denver invested tax dollars in firm lacking presence in city businessden.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessden.com Daily Mail and Mail on Sunday newspapers.
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.