Where's VC cash? UM spinoffs, Ann Arbor companies early winners

Wednesday, July 29, 2009 | Source: Crain's Detroit Business

When it comes to venture capital, companies with roots in Ann Arbor are cashing in early and often.

Excerpt:

So far, the University of Michigan and Ann Arbor-based firms are the big winners in early investing from two state funds, the Venture Michigan Fund and the 21st Century Investment Fund.

Twelve Michigan companies have received funding from the funds. Of eight Ann Arbor companies, seven are UM spinoffs.

Read the rest of the story here.