Entrepreneur Steve Blank has revised his opinion about Ann Arbor's investment landscape... slightly. He still says we still suffer from a risk-adverse culture that is akin to 'one hand clapping' and chastise governor Rock Snyder for not doing more to change that.
Excerpt:
"Blank told me what's changed in Ann Arbor is that there are venture capitalists and 'angels' in the city who are willing to invest, and who don't have to put up huge amounts of capital to get things going.
Blank said there's an enormous talent pool in Ann Arbor from the University's engineering and medical schools.
"And you don't need a lot of money to get some of these ideas off the ground. You don't need to put up $10 million to get things going. Basically you just need a couple hundred thousand dollars and a laptop," said Blank."
Read/listen to the rest
here.
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