UM: Venture Capital

Xconomy Detroit reports on the Michigan Growth Capital Symposium (MGCS), an annual event now in its 30th year that’s organized by UM business professor David Brophy: “Since Brophy created MGCS in 1981, the symposium has morphed into the state’s premier investor event for startups seeking money. For the symposium’s 30th anniversary next month in Ypsilanti, Brophy and his team did a little number crunching. Over the past decade, 300 companies have presented at MGCS, with 71 percent of them eventually raising a total of more than $1.7 billion in capital. Twenty percent of those startups later enjoyed successful exits.” [Source]