ANN ARBOR ? Event networking is the primary reason why private equity finance professionals joined the Michigan Venture Capital Association, a new survey shows.
In a survey completed by 45 MVCA members ? two thirds of those solicited ? 50 percent said the ability to network through events was cited as the reason they joined. Some 36 percent of MVCA member want more events and 66 percent of respondents said they would joint event with other Midwest venture capital organizations.
Forty one percent of members surveyed also want to see the MVCA work more closely with the entrepreneurial start-up community. While 36 percent would like the MVCA to be a better information source for Michigan
venture capital through our news bureau and media
relationships; more than double from the previous year.
Only 34 percent of MVCA members are very satisfied with the
current level of communications. Also, the percentage of the
membership that is interested in serving on a committee
dropped from 58 percent last year to 45 percent this year.
Finally, 73 percent of membership would
recommend the MVCA to others, down from 87 percent last year.
?Clearly, the Association is providing value to the membership
in a number of ways, most notably by lobbying on behalf of
our industry and by providing networking events to bring the
industry together,?? said former MVCA President Mitch Mondry. ?And the survey provides guidance on areas to which you would like more attention devoted.
?The Association could not be in a better position in terms of
leadership to act on this information,?? Mondry said. ?We have an outstanding
incoming President in Jan Garfinkle and a fantastic board of
directors, which will be joined by four new members this
November. Jan and the board have already agreed on short-term
and long-term goals, and they are ready to act on them
and measure our progress.?
For more information, click on MichiganVCA.Org
