Presented by: CNM
Welcome to the Business Outlook podcast from the Albuquerque Journal, New Mexico's leading news!In this episode, host Matthew Narvaiz sits down with Drew Tulchin, President of the New Mexico Angels, to dive deep into the **New Mexico Angels 2024 Venture Capital Report**. They discuss the state of venture capital and startups in New Mexico amidst economic uncertainty.The New Mexico Angels are a 22-year-old organization, legally a 501c6 with a 501c3 non-profit arm for education, focused on bringing people together to help grow new and emerging New Mexico businesses. They collaborated with students from Worcester Polytechnic Institute (WPI) to gather data for the report, noting a lack of baseline information on VC activity in the state. Venture capital involves private companies investing in other companies and is a vital part of the economy, though only a small percentage of businesses receive it.
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