Forbes Mark Tatge writes about our “Miracle in the Midwest”:
David C. Schwartz is right at home in the dark. That’s where his fluorescent microscopes can do their work, scanning thousands of samples of DNA that make a slow crawl across computer screens and methodically map the human genome. All this activity is packed into a cramped room inside a lab at the University of Wisconsin at Madison. “Most people think I came here because I hated New York,” he says with a boyish smile and a twitch of the mustache that curls over his lip. “I came here to start a company
Out-of-state venture capitalists complain that most of these hatchlings need better management. G. Steven Burrill, who runs the San Francisco merchant bank Burrill & Co. and has invested $15 million to $20 million in young Wisconsin companies, bemoans the failure to capitalize on opportunities. “We see 100 deals a month in life sciences,” he explains. “But I don’t see even one a month from Madison
Burrill is correct – while there are many opportunities here, it is not generally a risk taking culture…. unfortunately.