UM Grad Students Start Venture Capital Company

According to an article in Med City News today, two former MBA students at the Ross School of Business that graduated this last year have started a venture capital company. Michael Godwin and Jason Townsend returned to Michigan after having both started technology and business careers in Silicon Valley. While at Michigan, they managed the Wolverine Venture Fund. They are hoping to be a scout in Michigan for other VC firms from the coasts that would like to invest in Michigan companies but might not know the local market so well. So far they have raised $510,000 of a hoped for $20 million.