DMN: Kentucky venture capital firm Chrysalis is banking on Texas companies

By SHERYL JEAN

Tuesday, July 28, 2009

The Dallas Morning News

Chrysalis Ventures in Louisville, Ky., is jumping across state borders to invest more money in Texas.

The 16-year-old venture capital firm has made five investments nationally so far this year, at a time when many venture firms are making none. It focuses on health care and emerging technologies.

Venture capitalist investment in young Texas companies was cut in half in the second quarter to $73.2 million and 19 deals from a year earlier, according to Dow Jones VentureSource.

In the Dallas-Fort Worth area, investments fell by one-third, to $19.5 million.

Koleman Karleski, a Chrysalis managing partner, is in town to speak at the North Texas Enterprise center's medical technology conference today. He took time Tuesday to field some questions about his firm.

For full story go to: http://tinyurl.com/medtechnew