Listen to the full interview below to hear about how important venture capitalists are to entrepreneurial businesses, and some of the success stories they both have had here in Michigan.
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"If you've gotten to a meaningful-sized businesses where we're going to invest by taking on very little capital, it's a great sign of a good business model, a good entrepreneur and something that we want to be involved with," Ufer added. This item: Wonka Pixy Stix, 300 Stix, Assorted Flavors 14.99 (0.05/Count) Fun Dips/48-Bx 12.17 (0.51/Ounce) Airheads Candy Bars, Variety Bulk Box, Chewy Full Size Fruit Taffy, Gifts, Holiday, Parties, Concessions, Pantry, Non Melting, Party, 60 Individually Wrapped Full Size Bars 7.98 (0. They have found grant dollars or other cheaper capital ways of growing. So a lot of the teams that are the most impressive to us have bootstrapped for a long time. We care tremendously about where a company has gotten versus how much capital they've raised. "You hear his term about capital efficiency. "Most of our capital is going into product and services businesses," Ufer said. Find many great new & used options and get the best deals for WONKA Pixy Stix, Assorted Flavors 3. Ufer's company operates in the "growth stage," where they take a business that's already established, and helps that experienced team take the next step. Ohmer's company starts at the infant stages of the creative process where they are taking ideas and guiding them to the next level. "Different companies that are doing really interesting things broadly and decide whether or not we want to invest in them and help them grow so that they can hopefully, one day, make a lot of product or services and eventually create money. "Our core job is to find really interesting opportunities," Ohmer said. To help get a crash course in Venture Capitalism 101, Stateside was joined by two guests who operate at different stages of the venture capitalism process.Įvan Ufer with Plymouth Growth Partners of Ann Arbor and Adrian Ohmer from Invest Detroit Ventures joined the show to explain how it all works. Many people understand that they can help the economy and create opportunities, but how many really know what they do and how they do it? We hear that term "venture capitalist" a lot.
That's up 42% from the previous five years. And that's exactly why venture capitalists play such a critical role in helping Michigan start-ups get up and running.Ī new report from the Michigan Venture Capital Association tells us that 54 startups in Michigan got more than $222 million from Michigan venture capitalist firms last year.
You can't have a successful entrepreneurial community without money.
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