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Byline: Mike Strain
Aug. 13--Greg Main's desk is covered with books. None will be a best seller, but some could be worth big money.
The books are business plans from companies seeking cash, and Main and business partner John Frick will sift through them looking for a winner -- looking for a good investment.
Main and Frick are venture capitalists with Oklahoma City-based Chisholm Private Capital Partners. Chisholm manages about $100 million in venture capital funds and is one of the state's two major venture capital funds. The other is Tulsa- based Davis, Tuttle Venture Partners, which also has about $100 million under management.
Both groups are always on the lookout for early-stage companies with money-making concepts. They're companies that have reached a critical developmental stage -- a point at which the business needs money to grow.
Venture capitalists can provide that money. They can help early-stage companies through the times when business concepts are good but cash flow is bad. If it's a good business, it can turn out to be a great investment -- and not just for business owners and venture capitalists.
A good investment in an early-stage business can be a boon to a local economy if that business grows and prospers. And therein lies a debate.