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Stronger than the pandemic: Few, if any, NM startups failed in latest downturn

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The Lobo Rainforest building was largely empty during the pandemic, but Rainforest Innovations maintained programming online. (Jim Thompson/Albuquerque Journal)
ALBUQUERQUE, N.M. Long-time angel investor and serial entrepreneur John Chavez had an unenviable front-row seat during the economic devastation wrought by the Great Recession in 2008.
John Chavez
At that time, New Mexico’s incipient startup ecosystem had limited resources to support many struggling businesses that had recently launched prior to the crisis, and investors like Chavez could do little as numerous startups crashed and burned in the downturn.
Now, 13 years later, it’s a very different story as the state and country emerge from the pandemic, which plunged the economy into a far-worse crisis than the one a decade ago. This time, the local ecosystem was well-prepared to weather the storm, armed with a ....

Central New Mexico Community College , New Mexico , United States , University Of New Mexico , Aliciaj Keyes , Janne Haines , Jim Thompson Albuquerque , David Blivin , Kramer Winingham , Rob Delcampo , Brian Birk , Lisa Kuuttila , John Chavez , Innovation Academy , Job Training Incentive Program , Mexico State University Arrowhead Center , Arrowhead Center , Economic Development , Severance Tax Permanent Fund , Arrowhead Economic Research , Investment Council , Cottonwood Technology Funds , Investment Fund , Paycheck Protection Program , Lobo Rainforest , Rainforest Innovations ,

The Amazon of used outdoor gear?

The Amazon of used outdoor gear?
durangoherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from durangoherald.com Daily Mail and Mail on Sunday newspapers.

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NM startup creates portable cell phone signal booster

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Sandia’s Stitched lab was used to embed the green-glowing fiber optics shown here into the fabric below, using red thread to fix the fiber optics to the material. (Courtesy of Sandia National Laboratories)
Copyright © 2021 Albuquerque Journal
A newly formed New Mexico startup is using NASA technology originally designed for lunar missions to offer consumers a lightweight portable option to boost cellular coverage anywhere on Earth.
The booster comes from conductive material woven into fabric. That allows it to be folded up, stuffed in a backpack, or stored in a vehicle and then stretched out to augment reception when a user hits a dead zone. ....

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Questa-based snack company nets $350K investment

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Employees prepare ingredients to bake energy bars at Taos Bakes manufacturing facility in Questa. (Courtesy of Taos Bakes)
ALBUQUERQUE, N.M. A new $350,000 investment could help two northern New Mexico “ski bums” feed a lot more outdoor enthusiasts with tasty, healthy snacks made by their Questa-based company Taos Bakes.
The New Mexico Angels contributed $220,000 in late April to help close out a new capital raise that existing investors began last fall to reach a $350,000 target, said Tim Wegener of Carouth Capital Partners, a Texas-based private equity firm that previously invested about $4 million in Taos Bakes. The new investment will help the firm expand its line of products and ramp up marketing efforts to broaden its consumer base. ....

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NMSU alums get investor interest on Aggie Shark Tank

NMSU alums get investor interest on Aggie Shark Tank
Cassie McClure
© Courtesy
Aggie Shark Tank “sharks” discuss the event. Drew Tulchin, top left, is president of New Mexico Angels investment group. Beto Pallares, top right, is Arrowhead Innovation Fund manager. Bottom left is Isabella Ortiz, an investment analyst at 4S Bay Partners and bottom right is Aggie Shark Tank moderator Garrett Weinzierl.
The Hunt Center for Entrepreneurship at New Mexico State University’s Arrowhead Center tested a new batch of bold entrepreneurs willing to hold their own against the sea of shark investors at its sixth annual Aggie Shark Tank on Thursday, April 15. ....

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