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 […]
East Lansing, MICH — The Conquer Accelerator program at Michigan State University is accepting applications for its Season Two Cohort, launching in summer 2017, now through February 3. Designed to help both startups and established companies overcome business hurdles, Conquer emphasizes smart planning and growth, extensive mentorship from an experienced bench of professionals, and structured educational components. […]
“The tourists have left.” That’s how National Venture Capital Assn. President Mark Heesen describes the pared down U.S. entrepreneurial ecosystem after several years of tough exit markets, low returns, and an abysmal fundraising environment. Further, he expects the fallout from the dot-com bust and its effects on the venture capital community to continue through 2011, […]
Managing Partner Mark Horne reported today that fund-raising for Plymouth Venture Partners II has successfully concluded with $41 million of capital committed (slightly above the target range of $30 to $40 million). The strategy of Plymouth Ventures II is to provide growth capital to young companies headquartered in the Great Lakes region that have begun […]
MGCS 2012 will feature presentations from more than 40 of the Midwest’s top high-growth companies. Applications will be accepted through Tuesday, March 6. A four page (maximum) executive summary is needed to apply along with a $20 application fee. Who should apply? High-growth innovative companies from market sectors including but not limited to internet, software, […]
Huron River Ventures is on track to finish fundraising in the $12 million range. The firm is keen on investing in energy efficiency technologies, digital cleantech.
FOR IMMEDIATE RELEASE — MAY 20, 2013 – ANN ARBOR, MICH. — The Michigan Venture Capital Association’s annual research report, a compilation and analysis of investment activity, shows that 2012 was a banner year for venture capital (VC) in the state. Compared to the national trend of declining VC funds and activity, funding activity and […]
The $45 million Renaissance Venture Capital Fund I was hailed as a new model for fundraising. CEO and Fund Manager Chris Rizik describes these kinds of connections as “make or break” for some of the start-ups in his fund’s portfolio, allowing them to gain market traction quickly.
FOR IMMEDIATE RELEASE – JUNE 25, 2014 – ANN ARBOR, MICH. — The Michigan Venture Capital Association (MVCA) received $987,850 in grant funding from the Michigan Economic Development Corporation (MEDC) for its Venture Upstart programs. The programs further MVCA’s mission to grow and sustain a vibrant venture capital community in Michigan by supporting talent attraction efforts at venture capital firms […]
With eye on future, IncWell hires MVCA Venture Fellow to expand medical market sector Throwing the traditional model of VC on its head, IncWell is quickly establishing itself for being the go-to funding source for companies that want to move fast. IncWell’s process begins with an online application that’s followed – within seven days – […]