The Twin Cities is not Silicon Valley; the venture capital community here is comparatively small. Eden Prairie-based Split Rock Partners is the largest of the pack, with more than $1 billion in capital under management. Gorman, one of the firm’s co-founders in 2004, steers the ship as managing director. Split Rock primarily focuses on software and Internet services startups and has a solid track record. It backed Minneapolis-based call-center software firm Calabrio, which sold to private equity giant KKR in 2016 for a reported $200 million. Split Rock is also an investor in Minneapolis-based data protection firm Code42, one of the fastest growth local tech companies. Gorman sits on the Code42 board.