Once upon a time, venture capital in Michigan was small and inconsequential. Today it's powering the Great Lakes State's new economy, growing at a time when the industry has shrunk. Concentrate takes a long look on what that means for our local entrepreneurial ecosystem.
It wasn't so long ago that Chris Rizik's venture capital firm was one of only a handful of options for Michigan startups. In 1999, Rizik ran Avalon Investments (then Michigan's largest venture capital firm) with now-Gov. Rick Snyder. Local startups could pitch Avalon Investments or two other VCs.
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