Caruso Ventures is founded and led by Dan Caruso, who built three $10B+ telecom infrastructure companies and now invests almost exclusively via deal-by-deal SPVs rather than a traditional commingled fund, allowing outside co-investors to selectively join his proprietary deal flow in specific Colorado tech companies. The fund focuses heavily on Colorado "deep tech" scaleups with an outsize emphasis on quantum technology and space tech, maintaining a portfolio unusually concentrated in frontier/critical infrastructure assets like quantum computing, advanced space propulsion, and supersonic aircraft rather than typical SaaS companies.