BIRMINGHAM The M Group, a latter stage Venture Capital company, is smiling after StoneAge.Com was sold to publicly traded Autobytel, a deal that gave M Group a five times return on an investment made in 1999. Autobytel paid $48.3 million in cash and stock for StoneAge, the owner of Car.Com. The deal closed on April
LANSING After 18 months in development, the Small Business Association of Michigan this week launched a new decentralized web site that lets several SBAM officers and managers post news directly without going through the webmaster. It was a huge change for us, said Michael Rogers, SBAM Vice President of Communications. Im not sure a lot
ANN ARBOR Early registration for the 2004 Michigan Growth Capital Symposium closes May 16, as does the chance to shave $100 from the price of admission to the two-day event that provides an opportunity for financiers to meet up-and-coming new business and emerging technologies. Companies can pay just $395 during the early registration period for
ANN ARBOR SensiGen, an Ann Arbor company developing a diagnostic test for early detection of kidney disease, won first prize and a check for $50,000 Tuesday night from the Great Lakes Entrepreneurs Quest business plan competition, in a ceremony dominated by IT start ups from Ann Arbor. SensiGen, owned by Kris and Dave Kumit, also
CHICAGO Midwestern survivors of the Dot Com Bust will gather in Chicago on May 20 to swap tales of how they ran the financial gauntlet at an event hosted by ePrairie.com, which provides technology news headlines from news outlets in the Midwest. Our event, Dot-Com Boomerang, is centered primarly around the Midwest folks who've busted,
LANSING - The May deadline for entering the Small Business Association of Michigan 2004 Small Business Innovation Awards contest is fast approaching, so any small business that has launched an innovative product or service that earned revenue for the first time during 2003 could be eligible for recognition. But to get that recognition, participants will
LANSING The electric choice law, meal and entertainment tax deductions, U-Pick Farm Market Directory are the topics this week of the Small Business of Michigan news update. Michigan Senate Asked Not To Reopen Michigans Electric Choice Law SBAM asked the Senate Technology and Energy Committee in Lansing not to reopen Michigan's electric choice law (PA
TROY Oakland University is sponsoring this weeks Automation Alley Business Forum with a former Enron executive and author will share a riveting account of her career and the implications of the Sarbanes-Oxley Act for all publicly traded companies. The lunch time event is scheduled for May 6 from 11 am 1 pm at the Somerset
GRAND RAPIDS Christine Chamberlain of East Grand Rapids has joined the statewide team at the Michigan Small Business and Technology Development Center, with a focus on Small Business Innovation Research Grants. The SBIR program is a federal program for domestic small businesses to engage in Research/Research and Development (R/R&D) that has the potential for commercialization.
WASHINGTON DC Venture capital investment nationwide was strong again in the first quarter, lead by the Life Sciences sector, the PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey reported. Michigan's VC investing in Q1 nearly tripled. Nationwide, Venture Capital investment of $4.6 billion went to 618 companies, well below the $5.2 billion invested in the