A2: Business

The Freep takes a look at forces that prompted TherOx, a company started in Michigan, to move to California. Ann Arbor-based EDF Ventures was its first investor. The article quotes David Brophy, director of UM’s Center for Venture Capital & Private Equity Finance: ”In some sense, we start the deal here and eventually it gravitates to other places. We’re not exactly flooded with money in this state.” [Source]