Job Creation through Capital Donation


BrightStar Wisconsin Foundation to invest donations in startups

The Business Journal
Wednesday, July 10, 2013

Eight business leaders and early-stage investors are forming an unusual type of investment capital group: a nonprofit that will spur startups and job creation statewide through charitable donations.
The co-founders have pledged nearly $6 million to establish BrightStar Wisconsin Foundation Inc., Milwaukee, and they expect to raise another $60 million over the next three years.

The group is currently seeking 501(c)3 tax-exempt status and its founders hope to begin screening companies in the fall.

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.