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Growing Venture Capital in Wisconsin

Sourcebook explores the VC market

Credit Pacific Service Union By Jennifer Braico • 10/16/03 MADISON, Wis. - Its not news that Wisconsin trails national averages in venture capital availability, but the hows and whys of it are broken down and detailed in a new report, NorthStar Guide to Growth and Venture Capital published by NorthStar Economics, Inc. The report is subtitled, A sourcebook to growth and venture capital for Wisconsin companies.

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Credit First Service Union The Wisconsin Technology Network received an advance copy of the 60-page report, a primer for Wisconsin companies seeking information about risk capital available in our state. It shows that Wisconsins economy lags behind neighbors Illinois and Minnesota. Wisconsin has been unable to attract sufficient professional and college-educated workers to its workforceunlike Minnesota or Illinois, for instancebecause Wisconsin doesnt currently offer as many exciting career opportunities as its neighboring states, the report says.

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Card Credit Mobile Service A Snapshot of the Report

"The missing Capital One credit limit was the only explanation, " Soler said. "Nothing else had changed." On his second attempt at calling Capital One, Soler said he spoke with "a very polite and helpful rep who informed me that Capital One's current policy is to NOT report credit limits, but that they are aware of the 'inconvenience' that it causes and are going to change their policy soon." As of March 2005, there was no indication that Capital One would change its policies. Instead, there was growing evidence that more and more major credit card companies were gravitating towards Capital One's practice of not reporting credit limits.

Card Credit Discover Service The NorthStar Guide to Growth and Venture Capital, Wisconsin edition, is available for $25 plus shipping by emailing nstar@northstareconomics.com or calling (608) 441-8060. Below is the table of contents of the report.

Bridges Community Ventures is a venture capital company with a difference, raising funds to invest for a purpose, not just a profit. These first funds are the first UK example of community development venture capital. They will be invested in businesses in the most deprived 25% of England. Bridges Community Ventures has recently reached its final closing of £ 45 similar investments over the next few years.

Credit Public Service Union Table of Contents
Chapter 1 The Impact of Venture Finance on New Economy Growth
Chapter 2 Risk Capital in New Startups
Chapter 3 Angel Investing in Wisconsin
Chapter 4 Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
Chapter 5 Community Development Venture Capital
Chapter 6 Seed, Early-Stage, and Expansion Financings
Chapter 7 Strategic/Corporate Venture Capital
Chapter 8 Private Equity & Buyout Funds/Mezzanine Financing
Chapter 9 Investment Banking/IPOs
Glossary of Terms/AppendicesWisconsin is ranked 30 among all states for percentage of our population with a four-year degree, at 24.7 percent. Minnesota, however, ranks eighth, with 30.5 percent of its population holding four-year degrees, and Illinois ranks 16th. The U.S. average is 24.7 percent.

March 2005 Credit Grantors As noted earlier, major credit card companies have seen their dispute volume rise in recent years. They too generally try to cope with the volume by using an automated message exchange. Pamela Tuskey, a manager in Capital One's credit report dispute department, confirmed in a deposition with Ian Lyngklip, a Michigan attorney, that in October 2001, Capital One received about 1, 000 disputes per day. By May 2002, it had grown to 2, 000 disputes per day. By the spring of 2003, the official said the number of disputes had grown to 4, 000 per day. Some of the increased volume was attributed to the boom in home buying and mortgage refinancing, when more and more consumers discovered the importance of their credit scores, she said.¹²⁰

Card Credit Processing Service The report shows per capita income forcasted for 2024, and Wisconsinites will only make 83 percent of the national average if we continue on our current track. Nationally, per capita income is forcast at $48,803, but Wisconsins per capita income will be $40,598, according to the report.

Center Credit Service Union Northstar Economics President David Ward said he has gotten exceptional feedback about the report, and has sold about 500 so far. He said he detected a need for it from contacts in the community.

Card Credit Service Wireless I kept getting calls from people looking for various risk capital sources, so I thought why dont we put this all into one volume, Ward said. Its a printed network.

Credit Security Service Union Sponsored by Grant Thornton, Wisconsin Chamber of Commerce Foundation, University Research Park and the Wisconsin Technology Council, the report was reviewed by local venture capitalists and industry leaders.

Credit Report Service Resources like the Northstar Guide help to foster a growing community of technology-driven businesses in Wisconsin, said Deron Curliss, partner at Grant Thornton.. With the state committed to creating fertile business conditions for high-growth companies due to the high-paying jobs these companies can create here, we should all thank and applaud the team at NorthStar for assembling this outstanding guide. Grant Thornton shares the responsibility to promote the economic growth and development of the state and has assisted many young and growing technology-driven firms succeed in Wisconsin.

Blogspot Com Christian With detailed information on the types of risk capital available, angel investment groups, seed-stage financing, government grant programs, venture capital firms, and other capital sources, the report is designed as a handbook for emerging companies to help them learn about and find the money they need.

Christian Counseling Credit "Despite numerous conferences, networking events and press coverage related to the entrepreneurial community in Wisconsin, a knowledge gap persists between entrepreneurs and investors, said Tim Mathison, vice president of Baird Venture Partners. The NorthStar Economics Guide to Growth and Venture Capital helps to bridge this gap and is a very good resource for entrepreneurs seeking access to private sources of capital. I hope the Guide reaches a broad audience and achieves its goal as an educational tool for the entrepreneurial community."

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Jennifer Braico is a freelance writer and frequent contributor to Wisconsin Technology Network. She can be reached at jen@wistechnology.com.

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