Regional VC Report: Michigan
The Wolverine State is not normally a powerhouse for venture capital, unlike the top-ranked Golden State of California. But things are lousy in Michigan, and not just because the Detroit Lions haven’t won a game since 2007. VC investments in the state plunged in the first quarter about 70% from the same quarter a year ago, according this month’s MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association based on Thomson Reuters data. In Michigan in Q1, 10 venture capital deals occurred in the first quarter, the same number as in the year-ago period. However, the total dollars invested fell from $28.2 million to $8.4 million.
27 April 2009•1 min read
