UAVenture Capital was founded by Fletcher J. McCusker the CEO at SinfoníaRx and also one of the founders behind the startup to IPO of Tucson-based Providence Service Corporation (Nasdaq: PRSC). Fletcher, a 1974 UofA graduate, started Providence in 1997 with a $50,000 investment, grew the company to $55,000,000 in revenue, and went public in 2003. Providence then grew to a billion-dollar business, and is, by far, the most successful public company ever launched in Tucson. Michael and Fletcher left Providence in 2013 to assist Tech Launch in its commercialization efforts by becoming the “business drivers” for UofA spinout SinfoníaRx. As Chairman of the Rio Nuevo District (downtown Tucson's revitalization board), Fletcher is credited with spearheading much of the development downtown since moving downtown in 2010.
Fletcher is a UofA alumnus of the year, holds an honorary Doctorate awarded in 2014, endowed the Public Programs Chair, scholarships a member of the tennis team, and sits on several UofA advisory boards.