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

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... 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 an extensive statew

NM startup creates portable cell phone signal booster

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... 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.

Questa-based snack company nets $350K investment

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... 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.

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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