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NMVCA welcomes Cottonwood Technology as new member

ALBUQUERQUE, NM; July 1, 2010 – New Mexico Venture Capital Association President Stephanie Spong welcomes fund managers David Blivin and Beto Pallares and their fund, Cottonwood Technology Fund, to membership in the NMVCA. 

Cottonwood Technology Fund (CTF) is a seed and pre-seed stage venture capital fund focused primarily on the Rio Grande Technology Corridor running from Los Alamos to El Paso, and Austin to Phoenix. CTF works to provide capital and active support to its portfolio companies, generally targeting start-up capital between $1M and $2M, of which it will commit half. They are comfortable supporting the region’s most compelling opportunities across all areas of technology, and engaging pre-product and pre-revenue. A key use of funds in all cases is insuring that experienced management is partnered with entrepreneurs early to provide the initial core team needed to both develop the product and also develop the company.  CTF has offices in El Paso, Los Alamos, and Santa Fe

Managing Partner Dave Blivin is the co-founder of Cottonwood Technology Fund, with an extensive early/seed stage network in the southwest region and nationally. Dave has experience working with national labs and research universities in New Mexico and elsewhere at the leadership and research head levels. Prior to co-founding Cottonwood Technology Fund, Dave founded and served as Managing Director of Southeast Interactive, the first and largest information technology-focused fund based in the Southeast. While at Southeast Interactive, Dave helped raise three funds totaling over $175 million and was an active investor in companies representing over $1.5 billion in enterprise value at their exits and cash on cash returns approximating 4x to his investors.

Managing Partner Beto Pallares is also a co-founder of CTF. He has extensive domestic and international start-up experience as an entrepreneur, and is seasoned in conducting due diligence for both start-ups and late stage companies. His experience includes FMCLA (telecom), CapitalIQ (banking software) and Dalmex Business Technology Partners (software). Most recently as the Executive Director of the TransPecos/El Paso Regional Center of Innovation and Commercialization he helped raise start-up funding for the NGO, as well as assisted a number of entities in securing funding for start-up operations.

About the NMVCA

The New Mexico Venture Capital Association (NMVCA) was formed in 2004 to bring investment professionals together for the betterment of the state's private equity and venture capital community.  The NMVCA facilitates intra-industry communication, provides a unified public voice, sponsors and promotes public policy initiatives, gathers statistics on New Mexico venture capital investments and educates potential institutional limited partners.  Membership is open to professionally managed private equity or venture capital firms with cumulative assets under management of at least $2.5 million and which have a demonstrated interest in investments in New Mexico.  For a complete listing of members, see

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