Denver, Colorado, 26th September 2022, ZEXPRWIRE, Scott McCoy, General Counsel and Managing Partner of Cold Springs Partners (CSP) in Denver, CO, recently shared his thoughts and observations on current trends in consulting and investment opportunities.
CSP has been providing legal services to early-stage startups and other high-growth companies for six years now. The firm is also interested in short-term market strategies, region-based funding, and certain hospitality investments. “We’re always looking for new ways to help our clients grow and succeed,” said Scott. “It’s an ever-changing landscape, so we have to stay on top of the latest trends.”
According to Scott, the biggest trend he’s seeing right now is the changing financial environment. “With rising interest rates, the costs of investing are changing,” said Scott. “This is especially true for startups.”
Despite the challenges that come with a changing financial environment, Scott remains optimistic about the future. “There will always be top prospects that get funding,” said Scott. “Lesser prospects may have to work a little harder, but there are still opportunities out there.”
“Because of this, we’re considering funds or targeting investing in promising regions like Reno and NW Nevada, the California Central Valley, Grand Junction, and the Colorado Western Slope,” said Scott. “We’re also looking into investments in hospitality, particularly mid-market restaurants, bars, and specialties in targeted metro areas including Denver/Boulder, Phoenix, the California Central Valley, and Reno.”
Scott further explained that this type of investing allows them to be “more nimble and invest in a wider range of companies and industries.”
In addition to the changing financial environment, Scott is also considering a fund targeting businesses run by LGBT entrepreneurs. “This is something we’re really passionate about at CSP: equal and good opportunities for people of all races, genders, sexual orientations, and ethnicities,” said Scott. “Although I generally am not keen on funds that focus on specific groups of people, we’re considering a fund that would focus on businesses run by LGBT entrepreneurs in the Rocky Mountain region because there is a need and an opportunity for that.”
“We believe that diversity makes us stronger as a society and that everyone should have the opportunity to succeed,” said Scott. “This is something that we’re really committed to at CSP.”
However, when it comes to real estate, Scott and his team are taking a different approach. “We aren’t planning additional real estate projects at this time as demand is falling, financing costs are much higher, labor costs have soared, and there are continued price and supply chain problems with materials,” said Scott. “We believe that in general, the real estate market has peaked in most regions and that there will be a reversal of gains to some extent in the next year or so. But as the market settles, our strategy will change.”
On the legal consulting side, deal work is down but general corporate, contracts, and, especially, regulatory work continues to be strong. “We’re seeing a lot of regulations being put into place or suddenly enforced that impact our clients,” said Scott. “We’re here to help them navigate these changes and make sure they’re in compliance.”
“It’s an exciting time to be in the consulting and investment world,” said Scott. “There are always new opportunities and challenges to keep us on our toes.”
Despite the challenges of a changing financial environment, Scott McCoy and the team at Cold Springs Partners remain optimistic about the future. “There will always be top prospects who get funding,” said Scott. “We’re committed to helping our clients navigate these changes and take advantage of new opportunities.”
About Scott McCoy
For over 25 years, Scott McCoy has been aiding international clients with various legal matters, such as department management, litigation, risk management, compliance, and commercial & government contracts. He is the current General Counsel and Managing Partner of Denver-based Cold Springs Partners (CSP) which he co-founded in 2015.
CSP’s team, led by Scott and his colleagues, combines their various expertise and deep understanding to create cutting-edge solutions for small businesses in the midst of a high-growth transformation while also investing in mature private and public companies. For more information, please visit www.coldspringspartners.com.
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