While money is burning a hole in the pockets of angel
investors and venture capital firms hot to spot the next Google or Starbucks,
Detroit raises
Asterand as a big reason why some of that
money should come to the
Motor
City.
Excerpt:
In addition, an extremely successful company usually employs
people who later go on to form their own companies in the area, he noted.
In Michigan,
the list of venture-backed companies that richly rewarded their investors
includes Manufacturing Data Systems Inc., BlueGill Technologies Inc., Irwin
Magnetic Systems Inc., Applied Intelligent Systems Inc., Arbortext Inc.,
Esperion Therapeutics Inc., Neogen Corp. and Asterand plc, according to local
venture capitalists.
Read the rest of the Detroit Free Press story here.
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