Nonprofit forming to invest in Wisconsin start-up companies
Milwaukee Journal Sentinel
Tuesday, July 9, 2013
Donors getting BrightStar started; all returns would add to fund
A new group led by angel investor Tom Shannon will tackle the question that has dogged Wisconsin for more than a decade: With its wealth of ideas and well-educated students, why can't the state produce more job-creating start-up companies?
Shannon and seven other businesspeople on Wednesday will announce the formation of BrightStar Wisconsin Foundation Inc., an unusual nonprofit fund that will invest donors' money in high-growth, technology-based companies across the state.