Thursday, October 15, 2009
Marcum TNInvestco scenario
Dan Marcum, co-founder with wife Fran of Tullahoma-based Marcum Capital, said today that he's identified two tech companies -- one in Arizona, one in North Carolina -- that he could invest in, if bolstered by TNInvestco funds; and, Marcum said the entrepreneurs involved in both ventures have already agreed to relocate their companies to Tennessee, if he invests. (MBVP's Gary Stevenson, also involved in a TNInvestco finalist fund, recently shared a similar scenario with VNC, here.) Fran Marcum (left) is lead founder of NEST-TN LLC, which is one of 10 TNInvestco finalists. Though rumors are rife that ECD-Revenue have picked the TNInvestco winners, an ECD spokeswoman denied that today, adding that the winners are still to be announced on or about Nov. 1. That timeline is the one that's been laid-out for weeks, although it is not binding on the two commissioners overseeing the award of grants. Gov. Phil Bredesen, ECD Commissioner Matt Kisber depart soon for a 12-day business mission to Japan and China, placing them back in Music City, albeit jet-lagged, just a few days before the TNInvestco announcement milestone arrives.