Guest Post: Why Your Fund Should Care About Unrelated Business Taxable Income
In this exclusive guest series, Tom Stasi of Taft Stettinius & Hollister LLP (Taft) explains why the “Golden Rule” to recruiting pension plans, foundations, endowments, and other tax-exempt investors to invest in your fund is to avoid “unrelated business taxable income” (UBTI). Taft is a 2017 Silver Service Provider member who represents both venture capital funds and… read more
Houston Launches First Fund of Funds Based on Michigan Model
Renaissance Venture Capital Fund announced during its annual meeting in October that Houston has launched its first fund of funds based on the best practices model developed by Renaissance CEO and Fund Manager, Chris Rizik. Renaissance has set the standard for success with its model that has outperformed national benchmarks for the rate of return… read more
Delphi Acquires Mobility Company, nuTonomy, for $450 Million!
This week, Delphi Automotive announced the acquisition of nuTonomy for $450 million. MVCA member and past winner of The “100” Award, Fontinalis Partners, first invested in the nuTonomy’s seed round in November 2015 and significantly expanded its position in the company’s Series A round the following year. Chris Thomas, founder and partner of Fontinalis Partners, served… read more
Exclusive Q&A: MSU Foundation Shares Why Capital is Essential for Entrepreneurs
It’s been a busy year for MSU Foundation since the formal launch of Red Cedar Ventures in 2016! The fund deployed over $1M in seed and follow-on funding in 20 separate transactions to entities involved in commercializing technologies created at Michigan State. Michigan Venture Capital Association spoke with MSU Foundation Executive Director, Dave Washburn, to… read more
Congrats, Chris Jenkins – Newly Elected Partner at Plante Moran!
2017 MVCA Silver Service Provider Member, Plante Moran, appoints Jenkins as a partner at the firm. Chris Jenkins is a leader within Plante Moran’s financial services group. Specializing in providing audit, valuation, and consulting services, he helps private equity and venture capital firms optimize their return on investment. He assists clients with sourcing and evaluating… read more
Guest Post: Attention Startups – Apply Now for Michigan’s Largest Pitch Competition!
The Accelerate Michigan Innovation Competition is Michigan’s premier business plan competition featuring the best and brightest seed-stage businesses to regional investors while awarding up to $1,000,000 in prizes. In this exclusive guest post, Seun Oyewole of Invest Detroit Ventures highlights the success stories of past winners, including Workit Health, SPLT, and Autobooks, and shares more information on how to apply…. read more
Silicon Valley Veteran Sarah Kunst Joins Michigan State University Foundation Board of Directors
MSU Foundation, a member of MVCA, recently announced that Sarah Kunst, CEO and Founder of Proday, is joining its Board of Directors. Kunst is an entrepreneur and alumnus who brings a fresh take and Silicon Valley credentials to the table. The appointment of Kunst highlights MSU Foundation’s commitment to growing and attracting top-tier talent to help… read more
“Molly” Your Calendars!
Dear MVCA Members, It’s MVCA Events and Program Manager, Molly Theis, here to encourage you to stay involved in Michigan’s entrepreneurial and investment community in 2017! We not only want you to attend our MVCA Events but also functions hosted by your fellow MVCA Members. See below for a preview of the exciting things going on… read more
Work with Prof. David Brophy to Grow Your High-Tech Startup!
Are you an entrepreneur with a high-potential, technology-based company in Michigan seeking growth equity capital? University of Michigan (UM) Ross School of Business is accepting applications to participate in its “Financing Technology Commercialization” program – free of charge – during Fall 2017. The deadline to apply is August 7, 2017. Share on Twitter: Are you an #entrepreneur… read more
Guest Post: How Michigan Can Offer Capital Gains to Early-Stage Investors
In the second post of this exclusive guest series, Timothy R. Damschroder of Bodman PLC, a 2017 Silver Service Provider Member, outlines ways Michigan can support angel and venture investors. If you haven’t yet, check out the first post of the series on preventing tax burdens for high-growth companies! Share on Twitter: [email protected] explains how #Michigan… read more