Boulder Ventures

In spring 1966, John Harlin, Layton Kor and Royal Robbins approached the final pitch of the Eiger Direct North Face. Their ascent was expected to draw attention to American alpinists in Europe.

IFMGA-certified mountain guides can be found worldwide, and the IFMGA standard gives certified guides the same set of skills and competencies.

High Exposure: Tales of Risk and Reward in Mountain Guiding and Venture Capital documents the thirty-year history of the culture of risk management surrounding Boulder Ventures, Colorado’s oldest venture capital fund led by former AMGA Board Member Kyle Lefkoff.

GLP-1 drugs have been linked to declines in alcohol stocks and repricing of food companies. JPMorgan estimates they could reduce US food and drink spending by $30–$55 billion annually by 2030; the private-market story is newer.

The AMGA began a five-year strategic plan in 2025, with initiatives addressing public-land access, awareness of its training and certification, risk management, course accessibility, financial health, and modernization.

Mineralys Therapeutics plans a $100 million IPO to advance MLS-101 (lorundrostat) into Phase III. The investigational hypertension drug met its primary endpoint, reducing systolic blood pressure in patients taking at least two background medicines.

GLP-1 drugs have been linked to declines in alcohol stocks, repricing of food companies, and Eli Lilly becoming one of the world's most valuable companies. JPMorgan estimates they could reduce US food and drink spending by $30–$55 billion annually by 2030.

PlayMetrics completed its acquisition of substantially all SportsEngine assets from Versant Media Group, Inc. The transaction includes SportsEngine software and payments products for club, league, tournament and studio management.

25 years Venture Capital, 5 years start-ups & banking

Kishen Mangat is General Partner at Boulder Ventures, where he invests in software companies focused on enterprise digital transformation. He is the lead institutional investor and board member of Spectrum Effect, Symmera and Opanga.

CVM Equity Funds, University Research Corp.

BS Stanford University MBA Harvard University

Venture capital for IT and biotech companies in Colorado and the Mid-Atlantic.