lmao, still on my coffee, duh on me, need to find out all of his venture capital holdings but I've tried all my search engines and the funds don't put out to much info here's two he's probably associated with but no proof http://www.niacc.cc.ia.us/pappajohn/NIVCFRelease.htm
FOR IMMEDIATE RELEASE Ref. PEC20030804
August 4, 2003
North Iowa Venture Capital Fund, LLC Impacts Iowa
The North Iowa Area Community College Pappajohn Entrepreneurial Center held a news conference today to announce the establishment of the North Iowa Venture Capital Fund, LLC and how the NIVCF investment monies will impact North Iowa and the entire region.
“The North Iowa Venture Capital Fund is a broad-based, for profit fund which will draw new business to the area and enhance North Iowa,” Jamie T. Zanios, NIACC Pappajohn Entrepreneurial Center Director, said. “Local investors are excited for this opportunity which is evident by the support we’ve received from communities including Mason City, Clear Lake, Lake Mills, Osage, Charles City, Sheffield, St. Ansgar, Forest City, Hampton, Britt Garner, and Belmond. We look forward to working with the Iowa Department of Economic Development, the State of Iowa, and the Iowa Values Fund Committee to bring more businesses to Iowa and to fulfill John Pappajohn’s vision.”
The fund has been capitalized at $1.5 million, and the PEC will provide administrative support for the fund’s management. The NIVCF will look for equity opportunities in the 11 county area of North Central Iowa as well as outside the area. The PEC provided all legal and start-up fees with assistance from the Iowa Department of Economic Development. The PEC will receive and process all requests for capital investments for all types of businesses including: seed, early stage, start-ups, turnarounds, expansions, and owner transitions.
“As a banker in North Iowa, I have seen the lack of availability of venture capital for business startups. We are always looking for ways to provide the necessary tools for entrepreneurs with great business concepts, and the North Iowa Venture Capital Fund will be an important tool that fills a void for access to venture capital,” said Dick Herbrechtsmeyer of Charles City.
In addition to the NIVCF funding, the NIACC PEC is also offering $1.25 million ($250,000 each year for the next five years) in business start-ups through the Wellmark Venture Capital Fund. That totals $2.75 million in business financing available in North Iowa.
For additional information on the North Iowa Venture Capital Fund, please contact the Pappajohn Entrepreneurial Center at 641-422-4111.
The Pappajohn Entrepreneurial Center is located on the North Iowa Area Community College campus in Mason City, Iowa, and provides college level courses and degree programs in entrepreneurship, as well as consulting services for business start-ups and existing industries in the North Iowa region. The Center also provides FastTrac training programs for beginning companies and existing companies.