BrightStar Wisconsin Foundation Inc. is a
Milwaukee, Wisconsin based non-profit that was formed by
angel investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...
Tom Shannon and seven additional founding donors. It is a means of economic development by members of the state's private sector. "BrightStar was formed for the purpose of assisting
WEDC in its mission to create family-sustaining jobs in the Wisconsin."
History
The foundation began by each of the eight original donors pledging 500,000 dollars to seed a fund for a total of 6 million dollars. The foundation also seeks tax deductible donations from wealthy individuals, foundations, and corporations willing to take the risk. The foundation reinvests in state companies all earnings and returns from its portfolio. Donors will not receive returns on their contributions.
See also
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Ward4
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Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) is a public-private agency in the state of Wisconsin designed to assist business development and innovation through loans, grants, tax credits, and technical assistance programs.
History
WED ...
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Wisconsin Investment Partners
Wisconsin Investment Partners, founded in 1999, is a venture capital fund backed by a Madison, Wisconsin angel investor, angel investing group. The group has invested more than $20 million in more than 40 early-stage companies, and in 2014 was on ...
References
External links
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{{Venture capital firms
Financial services companies established in 2014
Technology companies established in 2014
Venture capital firms of the United States
Community foundations based in the United States
Organizations based in Milwaukee
2014 establishments in Wisconsin