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For Now, Michigan Can Celebrate $150 Million Entrepreneurial VC Fund

CHICAGO Michigan has an ancient and proud history of interstate sports rivalries (especially with Ohio, Illinois and other Midwest states). Sometimes, like this past New Years Day, the rivalry generates nasty taunts such as: What do the Michigan Wolverines and marijuana have in common? They both get smoked in bowls.

Some Midwest states may be fomenting another interstate rivalry. This o......

Full article >>> g vernacular, MVIC will be a fund of funds. On the positive side, VC professionals will be responsible for picking winners and losers. On the negative side, past data is not publicly available on Michigan VCs to judge their performance.

Not surprisingly, the state association of venture firms (the Michigan Venture Capital Association) strongly supported the initiative. Some cynics observ......

Full article >>> ited partners that they could lose their entire investment. Though there seems to be little media analysis of this provision, at least one observer is concerned.

Michael LaFaive, director of fiscal policy at the Mackinac Center for Public Policy in Midland, Mich., was quoted as criticizing the use of a guarantee to lure investors: "W......

Full article >>> uding those with private partners).

So go ahead and celebrate, Michigan, but with a certain amount of humility until the scoring begins you know, humility, like athletes show in end-zone celebrations.

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Full article >>>
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Source:wistechnology.com By Darrell Dvorak 01/28/04


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