Monday, October 27, 2008
Book traces 'hard' steps to becoming an investor
Journal Staff Report
Albuquerque entrepreneur, angel investor and venture capitalist Dave Durgin offers his life and experience as a lesson to others on the same path in his new autobiography "Entrepreneur to Investor The Hard Way," by David L. Durgin, with Sherry Robinson, (Sunstone Press of Santa Fe, $22.95). The book is designed to provide tips for startups, discuss obstacles to tech transfer, look at New Mexico's evolving business climate, and present a recent history of Albuquerque.
Durgin said his investment career parallels Albuquerque's evolution from a government town to a modern city with a diversified economy. Today, Albuquerque has 21 companies that bear his fingerprints and his investments. He also said he worked to improve the business climate in Albuquerque and New Mexico.
Durgin, along with three partners, launched Quatro Corporation in 1989. It was the first company formed in New Mexico to commercialize technology. Quatro's partnership dissolved in 1996. In 2003, Durgin founded Verge Fund with partners Ray Radosevich, former dean of the University of New Mexico business school, and Tom Stephenson, an Albuquerque native who represented a Texas venture fund. Verge was the first New Mexico-based venture-capital fund focused solely on seed financing for New Mexico startups.