Archives from day » 29, September 2009

Venture Capitalist Defends Wisconsin CAPCOs

John Neis from Venture Investors Management defends the Wisconsin CAPCO program saying the audit was flawed:

Madison, Wis. – In the aftermath of a critical state audit, a prominent venture investment executive is defending the economic development work being done by the state’s Certified Capital Companies.

John Neis, co-founder and senior partner of Venture Investors Management, LLC, said the findings of the Legislative Audit Bureau are incomplete and provide a distorted picture of the work being done by the so-called CAPCOs, which include Venture Investors, Banc One Stonehenge Capital Fund Wisconsin, and Wilshire Investors, LLC.

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Program Offers $200 Million to Small Texas Firms

This article from The Chamber Report announced that $200 million will become available to small Texas businesses through the CAPCO program.  The Chamber’s Technology Business Council strongly believe it will increase business successes in Texas:

When the 78th Legislature passed legislation authorizing state-certified venture capital companies, a.k.a. CAPCOs, the Chamber’s Technology Business Council (TBC) applauded.

The TBC has supported funding for all stages of business development, particularly early investment funding for companies in North Texas. The council and the regional life sciences alliance, BioDFW, host a monthly breakfast series on technology issues. Stonehenge Capital Company LLC and Advantage Capital Partners discussed the Texas CAPCO Program at the BioDFW Breakfast Series in October. Both investment firms will be CAPCO investors in 2005.

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