2018 MVCA Research Report Highlights Economic Impact of Investment Activity in Michigan
View the NEW 2018 MVCA Research Report Here! Association Appoints Healthcare Industry Veteran as New Chairman of its Board of Directors Ann Arbor, MI – April 18, 2018 – Michigan Venture Capital Association (MVCA), the nonprofit trade association founded in 2002 to increase the amount of capital and talent for Michigan’s entrepreneurial and investment community,… read more
Renaissance Venture Capital Fund Attracts More than $1.3 Billion Dollars of Investment to Michigan Startups
Renaissance Venture Capital Fund, Michigan’s innovative venture capital fund-of-funds, announced the fund’s economic and social impact on the state of Michigan. Highlighting these metrics is the fund’s successful attraction of more than $1.3 billion into Michigan’s startup ecosystem. Since Renaissance launched in 2008, it has invested in 30 venture capital funds around the United States,… read more
Guest Post from Plante Moran: Combat Disruption with a Flexible Operations Model
2018 Silver Service Provider Member Plante Moran shares six ways organizations can drive more flexible operations to stay competitive and profitable. Summary of the article by Dave Plomin for the Plante Moran blog. Tried-and-true business models are facing obsolescence, and organizations are being pressured to make often significant changes to stay competitive and profitable. Why?… read more
MVCA 12 at 12: Entrepreneurs & Investors Share How Michigan Can Improve its Seed Investment Process
By Patti Glaza, Managing Director & SVP of Invest Detroit Ventures An ongoing discussion in Michigan’s entrepreneurial and investment community is the increasing need for capital to fund entrepreneurs. As noted in the 2017 MVCA Research Report, an estimated $504 million of additional venture capital will be required to adequately fund the growth of Michigan’s 141 startup… read more
Boston Scientific Acquires Arboretum Ventures’ Portfolio Company, NxThera
Exciting news! Arboretum Ventures’ portfolio company, NxThera, was acquired by Boston Scientific in a $400 million deal for its treatment of benign prostatic hyperplasia (BPH). According to the 2017 MVCA Research Report, while Michigan venture funds are investing in a variety of sectors, the life science sector continues to be a focus of capital deployment with 42 percent… read more
Guest Post: Sale Readiness & the Value of Seller’s Due Diligence
2018 Silver Service Provider Member, Plante Moran, shares three key steps to unlocking the value of your business. Summary of the article by Eric Wozniak and John Samulak for the Plante Moran blog. For most business owners, the sale of their company will be the single largest liquidity event that they will experience. The thought… read more
Meet MVCA Venture Fellow Nic Wetzler, Augment Ventures
Nic Wetzler has been a long-standing member of Michigan’s entrepreneurial and investment community with previous leadership roles at Detroit Materials and Wayne State University. Now as a Venture Fellow, Wetzler will be in charge of deal sourcing and due diligence at Augment Ventures. The Venture Fellows Program, supported by Michigan Economic Development Corporation (MEDC), is… read more
Diversity & Inclusion in Michigan’s Entrepreneurial & Investment Community
In honor of International Women’s Day, we wanted to shine a light on diversity and inclusion in Michigan’s entrepreneurial and investment community. This past month, MVCA participated in educational conferences on diversity and inclusion hosted by The Aspen Institute and Inforum Michigan that discussed how the entrepreneurial and investment community can better serve underrepresented groups. Additionally,… read more
Guest Post: Must-Consider Technologies to Disrupt the Status Quo
2018 Silver Service Provider Member, Plante Moran, shares the three powerhouse technologies – advanced data analytics, machine learning, and robotic process automation – that can help organizations of all sizes derive greater value from their IT investments. Summary of the article by Dennis Bagley and Dave Plomin for the Plante Moran blog. As an organization, you’ve… read more
Entrepreneur Spotlight: Autobooks CEO & Co-Founder, Steve Robert Discusses Company Growth
In February, Detroit-based fintech startup Autobooks announced it raised $10 million in a Series A1 funding round! Investors included Draper Triangle, Baird Capital, Detroit Venture Partners, Invest Detroit and Invest Michigan. Autobooks provides online invoicing, payment and accounting software for the business customers of banks and credit unions. We spoke with Autobooks CEO and Founder, Steve… read more