Any number of things can go wrong in a venture capital fund and even more can go awry if the state is involved.
Politicians might raid the funds, pensioners might be pulled into a fruitless gamble, the highest-growth companies might be lured to the coasts, or even worse, the promising start-ups could all turn out to be duds.
Advocates for more Wisconsin-sponsored venture funds, however, say the biggest risk is failing to create them at all.
"We can't unilaterally disarm ourselves while other states are in this game," said Bill McCoshen, a former state commerce secretary and executive director of Competitive Wisconsin, one of the groups that funded the recently released "Be Bold Wisconsin" competitiveness study that recommended a revamp of the state Commerce Department.
To read the full, original article click on this link: State-backed venture funds carry risks, rewards - JSOnline
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