That's where I think Colorado is benefiting, perhaps at a disproportionate rate to what is going on nationally. Also, you've got a lot of targets in Colorado because of the supportive environment that is fostered by VC inflows into these entrepreneurial companies.

Private equity firms are flush with capital. They've been raising record amounts of capital to invest in businesses, and the pace of their fund-raising activity has exceeded the pace of their investment activity. This has been compounding over the past four to five years. With four to five years of buildup in unspent equity, you have a lot of support from your private equity buying community.