Jeff Standridge, Acxiom Corp.
ArkansasBusiness.com readers may remember a Q&A with Acxiom VP Jeff Standridge that ran back in November.
Last year, Standridge and a group of co-founders quietly launched Cadron Creek Capital, a Conway early-stage seed fund aimed at bolstering the local startup ecosystem.
When we talked to Standridge in November, the fund had recruited 28 investors and raised about $800,000 in investment funds.
The group had planned to close the launch of its inaugural fund that month, but demand warranted an extension to Dec. 31. Standridge tells us the fund fielded about a dozen new inquiries before the year was up.
As of January, the first Cadron Creek fund was closed with 55 investors (made up of 60 individuals) and $1.525 million.
We’d call that a successful launch. Don’t be surprised if the emerging startup environment in central Arkansas begins to include more of a distinct Faulkner County flavor.
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