Darwinism Member Username: Darwinism
Post Number: 676 Registered: 06-2005
| Posted on Sunday, October 21, 2007 - 10:45 am: | |
Interesting piece from the venture capital and financial investment angle. I hope the Detroit Renaissance Fund comes through quickly to aid Metro Detroit companies. http://www.freep.com/apps/pbcs .dll/artikkel?Dato=20071021&Ka tegori=BUSINESS06&Lopenr=71021 0701&Ref=AR&imw=Y |
Iheartthed Member Username: Iheartthed
Post Number: 1939 Registered: 04-2006
| Posted on Sunday, October 21, 2007 - 12:46 pm: | |
What happened to the article? Only one sentence is showing up... |
Jimaz Member Username: Jimaz
Post Number: 3573 Registered: 12-2005
| Posted on Sunday, October 21, 2007 - 1:31 pm: | |
The article appears whole to me. |
Citylover Member Username: Citylover
Post Number: 2705 Registered: 07-2004
| Posted on Sunday, October 21, 2007 - 5:59 pm: | |
http://www.mlive.com/business/ statewide/rick_haglund/index.s sf?/base/business-0/1192733701 241840.xml&coll=6 |
Digitalvision Member Username: Digitalvision
Post Number: 431 Registered: 11-2003
| Posted on Sunday, October 21, 2007 - 6:36 pm: | |
Doesn't surprise me. This is pretty common knowledge in the startup community - I've been seeing this trend for the past five-six years. Also explains part of why so many startups are choosing Ann Arbor - where I get numerous reports of things doing well, counter to the rest of the state. |
Gistok Member Username: Gistok
Post Number: 5548 Registered: 08-2004
| Posted on Sunday, October 21, 2007 - 11:54 pm: | |
Maybe Attorney General Mike Cox should investigate... Look at the money that has started coming into Michigan since he investigated the Ford Foundation... |
Darwinism Member Username: Darwinism
Post Number: 677 Registered: 06-2005
| Posted on Monday, October 22, 2007 - 9:58 am: | |
A follow-up article - This time in Crains. http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1022/SUB/710220336/1070/-/-/mi chigans-vc-dries-up-in-3q |
Bob Member Username: Bob
Post Number: 1587 Registered: 11-2003
| Posted on Monday, October 22, 2007 - 10:07 am: | |
If you read that article from Crain's you will notice how they do mention the numbers can vary wildly from quarter to quarter based on when money is given out. MI was first in the 2nd quarter based on a couple large payouts in VC. Still need to increase the overall numbers if we want to get out of this economic slump faster. |
Darwinism Member Username: Darwinism
Post Number: 678 Registered: 06-2005
| Posted on Monday, October 22, 2007 - 12:53 pm: | |
I have known Howard Bell and Randal Charlton for about 3-4 years. They are doing a fantastic job over at TechOne. It is rather depressing to read about this business startup investment-related story in Crains regarding TechTown running in the red: http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1022/SUB/710220333/1070/-/-/-/ techtown-tries-to-find-new-fun ding (Message edited by darwinism on October 22, 2007) |