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Biotech officials praise focus of new venture fund

Milwaukee, Wis. - Ordinarily, the news that Wisconsin, which is struggling to gain traction in the venture capital game, is losing one of its key venture capital firms would be greeted with dismay, but Mason Wells' decision to spin off its venture capital business is being greeted as a positive sign for the state's technology industry.

The pr......

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Having a dedicated company run by Dan [Broderick] for specific, targeted investments has to be a good thing, said Prekop, who said his business will not be impacted by the spin off. "As John Byrnes pointed out, there will be no confusion about what Dan Broderick will be ......

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Byrnes said the separation of the buyout and venture businesses would not impact those plans, and the recent sale of NameProtect generated proceeds that can be recycled into the existing portfolio.

Citing the maturity of companies like Epic, McKesson, and
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Source:wistechnology.com By Joe Vanden Plas 05/07/07


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