Dan Caruso

About Dan Caruso

Dan Caruso is Managing Director of Caruso Ventures, a 3x decacorn entrepreneur and an avid supporter of entrepreneurship. In 2020, Dan and Cindy Caruso founded Caruso Ventures, which represents their investment portfolio, family office, and not-for-profit activities. Most of Caruso Ventures’ direct investments are in support of the Colorado ecosystem. Current investments include Exum Instruments, BillGO, Genalyte, Canopy Aerospace, Kuleana Rum Works, ALLCITY, Radia, Boom Supersonic, Guest House, Tovala, Language I/O, Outside Interactive, Voyager Space Holdings, Honest Jobs, Maybell Quantum Industries, VUZ, Arryved, Atom Computing, Infleqtion, Codigo Tequila, Mindful Care, Pippin Title, Ninja Nation, Firefly, Resonance, Chamba, Agile Space Industries, Toters and Zayo Group. Exited investments include euNetworks, Bolder Surgical, Envysion, GTS Central Europe, and Galvanize. Dan was the Founding Partner, Chairman and CEO of Zayo Group Holdings, Inc.(NYSE: ZAYO), where investors enjoyed a $8.5B equity exit on a $1.0B investment. Dan was a co-founding executive of Level 3 and joined Metropolitan Fiber Systems (MFS) as it began to scale. All three exited for enterprise values >$10B. Dan also led the take private of ICG, which achieved a 25X return and led to the ideation of Zayo. Dan is a supporter of Colorado’s and Chicago’s entrepreneurial community. He serves as Chairman of the Board for Endeavor Colorado and is on the boards of Colorado Thrives and Elevate Quantum. In 2015, Dan and Cindy established The Caruso Foundation to Support Initiatives that Inspire Entrepreneurship, Innovation, and Inclusion. Dan is a recipient of several awards including the Chicago Booth Distinguished Alumni Award for Entrepreneurship, University of Illinois Alumni Award for Distinguished Service, Colorado Technology Association’s Bob Newman Lifetime Achievement Award, University of Colorado Leeds Corporate Partner Award (Zayo), and Colorado Governor’s Corporate Citizenship Medal. Dan gave the commencement address for the University of Illinois Grainger College of Engineering (2019) and the University of Colorado Boulder MBA (2020). Dan holds an MBA from the University of Chicago and a B.S. in Mechanical Engineering from the University of Illinois.

Experience

1. Board Member

   Elevate Quantum

   Dec 2023 — Present

Education

• University of Illinois Urbana-Champaign

  BS

  1981 — 1986

• The University of Chicago Booth School of Business

  MBA

  1990 — 1992