Editor's Note

 

By Alan Hall

 

We're proud to introduce another issue of Launch, the magazine for Utah's entrepreneurs, brought to you by Grow Utah Ventures. In this issue, we cover some important topics related to starting a business.

Our cover story discusses the concept of "churn," the constant turnover related to the creation of new businesses in the state while others fail. Utah currently has one of the highest churn rates in the United States. Overall, churn can often be fine for the state's economy (especially if the churn generates net positive growth in the number of businesses and jobs), however, the churn isn't good for the Utah startups going out of business. In this article we discuss some of the reasons why Utah has a high failure rate and suggest a few simple ideas to consider before starting a business.

In this issue we also talk about capitalization tables — an important item many startups wait too long to properly implement. If you plan to seek angel or venture capital funding down the road, it's especially crucial to make sure your cap table is correctly set up now.

We are also pleased to announce our partnership with Zions Bank. Given its long standing commitment to supporting Utah's emerging businesses, Zions will be a strong partner in the many initiatives we undertake at Grow Utah Ventures.

Thank you for reading Launch. We greatly appreciate feedback on the magazine and constantly strive to provide content we hope will help foster entrepreneurship in the state. Please feel free to send any suggestions, criticisms or comments to feedback@launchutah.com. 

 

Alan Hall
Grow Utah Ventures
Founder & Chairman

 

Launch - Fall 2007

 

 

For the full "digital magazine" version of Fall 2007, visit: http://www.nxtbook.com/nxtbooks/growutah/launch_2007fall