Matchstick Ventures will have its headquarters at CoCo’s location in the historic Grain Exchange at 400 S. 4th St. and hold regular office hours for entrepreneurs interested in discussing business plans and growth ideas, according to a blog post on CoCo’s website.
“This partnership helps achieve a goal that we feel strongly about — breaking down the barrier between entrepreneurs funding sources,” said Matchstick Ventures Managing Partner Ryan Broshar, in the blog post. “We want founders to know that we’re open for business. We’re curious about their businesses and really do want to write checks.”
This is CoCo’s first association with a venture capital firm.
“This is an important step for us,” said CoCo co-founder Don Ball, in the post. “While there are no guarantees that our members will get funding from Matchstick, it can only help a startup to have close-quarters exposure to investors and to learn about the fundamentals of startup financing.”
Besides CoCo’s downtown Minneapolis location, it has co-working spaces in Uptown, Lowertown St. Paul and Fargo, N.D.
Matchstick Ventures specializes in web and mobile-enabled tech startups.