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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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