DENVER -– Mark Cuban and Mr. Wonderful weren’t there Wednesday, but Sports Authority Field at Mile High still felt like the show "Shark Tank."
Nearly 70 CEOs from Denver tech companies met with investors during a speed-dating-like network event. This is the third year for the Colorado Venture Summit, the organization hosting the event.
One of those is Brett Jurgens, the CEO of Notion.
Notion is a technology company that creates small smoke alarm-like devices that can be placed on doors or windows. The sensor has the ability to detect motion and temperature changes, alerting consumers on their phones if someone opens a door or medicine cabinet, for example.
“Hopefully, I have some great interest,” Jurgens told an investor during the one-on-one meetings.
Jurgens is not seeking cash right away but expects to need more than $3 million by early next year.
“We have a couple different numbers in mind, but nothing set in stone yet,” Jurgens said.
Jurgens is one example of a tech company looking to take advantage of the Denver market.
“Colorado, according to the Coffman foundation, has about as many as tech startup companies per capita as they do in Silicon Valley,” said David Gold, an organizer for the summit.
Gold expects tens of millions of dollars to be invested into companies as a result of the summit. As for tips when pitching ideas to investors, Scott Bernstein with Lewis and Clark Ventures said to keep it simple. Bernstein is authorized to invest up to $7 million.
“I would be very passionate, very concise and clearly communicate your vision,” Bernstein said.