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Tom Still's - Inside Wisconsin

Get insights on technology, the economy and politics through "Inside Wisconsin," a weekly column by Tom Still.

Still is president of the Wisconsin Technology Council and the Wisconsin Innovation Network. He is the former associate editor of the Wisconsin State Journal in Madison.

Still serves on the board of directors for the Wisconsin Security Research Consortium and “We the People/Wisconsin," the UW-Madison College of Engineering Industrial Advisory Board, and the WiSys Technology Foundation Advisory Board, among other civic and business groups. He moderated the Wisconsin Economic Summits (2000-2003) and "Inside Wisconsin" appears regularly in 24 publications. He is a lecturer in the UW-Madison College of Agricultural and Life Sciences. Still is the co-author of “Hands-On Environmentalism,” published by Encounter Books, New York.

 

Inside Wis: Venture capital is a roller-coaster, and Wisconsin is along for the ride

October 20, 2014

The good news: Venture capital dollars invested in Wisconsin through the first three-quarters of 2014 is already double all venture investments last year, and the number of deals is approaching an all-time annual high for the state.

The sobering news: Wisconsin still lags 23 other states in deals reported during the third quarter of 2014, and falls behind 25 states in total dollars invested during those three months.

Inside Wis: Solving Wisconsin’s startup puzzle – one piece at a time

October 10, 2014

During his “Rise of the Rest” tour stop in Madison, venture capitalist and AOL.com founder Steve Case said Wisconsin’s capital city would rank among the top 20 communities for startups in the United States — “barely” — and if entrepreneurs continue to work hard, it could be among the top 10 within a decade.

Still in JSOnline: Building a workforce for the digital age includes cybersecurity

October 6, 2014

Wisconsin is behind the curve in producing, attracting and retaining the kind of cybersecurity talent needed by companies and institutions of all sizes.

Inside Wis: Stagnant federal spending on R&D could lead to big problems later

October 3, 2014

Yoshi Kawaoka is known worldwide for his work on avian influenza viruses, the likes of which wiped out 40 million people in 1918. This talented UW-Madison researcher has also spent time studying strains of the Ebola virus, which has now found its way to the United States from West Africa, where thousands have died from its devastating effects. Trouble is, Kawaoka’s Ebola research is largely in the past tense because federal funding for the project ran out just as some promising results were reported.

Inside Wis: History of venture conference reflects growth of state’s tech sector

September 26, 2014

Along with 11 other companies, mostly in their early stages, Promega was one of the first presenters in a conference format that has endured in various forms since 1984. Known the past 10 years as the Wisconsin Early Stage Symposium, it was previously the Madison Venture Fair, the Wisconsin Venture Fair, the Wisconsin Venture Conference and the Wisconsin Life Sciences Venture Conference. By whatever name, the annual match-making event has introduced up-and-coming companies to prospective investors and contributed to Wisconsin’s high-growth economy.

Still in JSOnline: New UWM school foments 'revolution' in freshwater technologies

September 22, 2014

Opened in mid-September with tours, science demonstrations and a community celebration, the University of Wisconsin-Milwaukee's School of Freshwater Sciences represents the continued development of Milwaukee's water cluster. It also symbolizes the potential for economic growth, jobs and revitalization that can flow from partnerships that apply high-end research to solving real-world problems.

Inside Wis: As health care evolves, so does need for smarter, cost-effective tools

September 19, 2014

Envisioning, designing and manufacturing medical devices – which range from robots to sensors, and from surgical instruments to software that allows devices to communicate with one another – was the topic of a recent conference in Chicago.

Inside Wis: Multiple centers for research will help state’s high-growth economy

September 12, 2014

The UW-Madison is one of the nation’s leading research universities by several measures – dollars invested, patents produced and ideas licensed or otherwise transferred to the market – but it was Wisconsin’s only academic R&D center for more than 100 years. However, the past decade or so has brought change.

Still in JSOnline: Colorado offers economic growth lessons for Wisconsin

September 9, 2014

While Wisconsin can't offer mountain vistas, the story of Colorado's economic performance offers some potential lessons for the Badger State — as well as affirmation of trends already underway.

Inside Wis: Foreign direct investment plays growing role in Wisconsin’s economy

September 5, 2014

Exports and foreign direct investments are flip sides of the same coin. They represent Wisconsin’s ability to build, produce and grow what the world needs – and to attract investment from other markets that understand Wisconsin’s strengths.

Inside Wis: Biotech back in favor? Not entirely, but funding drought may be ending

August 29, 2014

For much of the Great Recession and beyond, biotechnology was out of favor among angel and venture capitalists. Software and Internet deals became the shiny object for investors who wanted faster returns with fewer dollars risked.

Still in JSOnline: Wisconsin's 'gazelle' start-up population making gains

August 25, 2014

Wisconsin is often dinged for being a state with relatively low numbers of start-up companies, which is true given the mix of start-up flavors that are counted in such surveys — from mom-and-pop stores to lifestyle businesses to the "gazelles" that aspire to land angel and venture capital.

If the measure is focused on fast-growing gazelles, however, there are indications that Wisconsin is turning the corner on producing the kind of companies that attract investors and produce significant numbers of jobs.

Inside Wis: Campaign for governor may hinge on new answers to old question

August 22, 2014

The race for governor in Wisconsin may come down to how voters answer “are you better off?” questions from Republican Scott Walker, who was elected in 2010 and who weathered a recall challenge less than two years later, or Democrat Mary Burke, his challenger in an apparently tight race.

Inside Wis: Diverse workforce challenges require a mix of strategies for Wisconsin

August 18, 2014

Workforce development means different things to different people – which is why the term carries emotional and political weight across Wisconsin, from its small towns to its major cities. It also explains why policymakers must aspire to devise a balanced approach to meeting Wisconsin’s diverse workforce needs.

Still in JSOnline: Spate of deals could provide fresh start for Wis. newspapers

August 10, 2014

For reasons that include the Great Recession, the rise of the Internet and the changing reading habits of Americans, general-circulation newspapers have been in survival mode for a decade or more. However, the spate of just-announced deals that feature media companies spinning off their publishing arms may yet produce a promising future for newspapers – in Wisconsin and nationally.

Inside Wis: Two research engines helping state’s manufacturing base remain strong

August 7, 2014

Innovation in manufacturing across a mix of sectors is essential for Wisconsin to retain its manufacturing “market share.” Two recent announcements demonstrate that commitment.

Inside Wis: Technology becoming fifth “T” in North Woods economic portfolio

July 30, 2014

The Lake Superior region’s economy will likely always rest on some traditional pillars – timber, transportation, tourism and taconite ore – but technology is becoming a fifth “T” in the jobs creation lineup. At the Aug. 8 Lake Superior Business and Technology Conference, a collection of communities, educational institutions and business leaders will drill down into the economic bedrock of Ashland, a city of about 10,000 people on the shores of Lake Superior.

Stil in Journal Sentinel: 'Inversion,' outsourcing worth studying

July 29, 2014

While President Obama and others are right to worry about the long-term implications of American companies effectively renouncing their citizenship, the larger issue facing the White House and Congress is American competitiveness in a global economy. Tax reform that lowers rates and closes loopholes such as inversion should be the answer.

Inside Wis: Why ‘outsourcing’ is a permanent (and necessary) part of the modern economy

July 23, 2014

The increasingly curious exchange between incumbent Gov. Scott Walker and challenger Mary Burke over the “outsourcing” of jobs illustrates how political campaigns and economic realities seldom mesh.

Inside Wis: The hidden immigration crisis -- keeping foreign-born talent here

July 18, 2014

America graduates about 40,000 foreign-born students each year who have earned master’s and doctoral degrees in science, engineering and technology – and promptly kicks many of them out of the country to return home and compete against us.

It’s a largely unseen side of the immigration debate that affects Wisconsin’s ability to compete in the global economy, as much or more than border-hopping. The reasons are directly tied to economic dynamism and Wisconsin’s long-term demographic challenges.

Still in Journal Sentinel: Wisconsin sees influx of tech jobs and start-ups

July 14, 2014

The City of Milwaukee's latest economic development plan identifies five industry clusters primed for growth: water technology and research; food and beverage processing; headquarters and business services; finance and insurance; and industrial controls, automation, power and energy. If the city wants to embrace one more candidate for growth, however, it should consider adding information technology and software to the short list. The Milwaukee area arguably has precisely what the IT and software sector needs.

Inside Wis: With talent and vision, tech companies can grow in mid-size cities

July 14, 2014

Speaking recently to the board of directors for the Wisconsin Technology Council in Eau Claire, Zach Halmstad of JAMF Software described a company that has grown sharply since 2010 by focusing on customer service and employee retention through pay and benefit packages that attract and grow talent.

Inside Wis: Supreme Court’s cellphone decision keeping with ‘digital privacy’ trends

July 3, 2014

One such example of consensus among the jurists who make up the nation’s highest court was the 9-0 ruling that police need warrants to search the cellphones of people they arrest. It’s a decision that is likely to apply to searches of tablets, laptops and other connected devices, as well.

Still in Journal Sentinel: Wisconsin's other industries peek out of the woodwork

June 30, 2014

Most people outside the Wisconsin borders have been trained to think of the state as a place defined by cows, cheese, beer, lakes and the Lambeau Leap. There's not much room in their collective subconscious — yet — to think Wisconsin may also lay claim to a well-rounded, 21st century economy. But here are some examples of excellence beyond our historic brands.

Inside Wis: Can’t find skilled workers? Businesses can often shop close to home

June 26, 2014

The push-pull between tech colleges and four-year colleges is nothing new, but many Wisconsin employers say the shortage of skilled workers is becoming more intense. Still, some of those employers seem unaware that training programs that can meet their needs are often just a short drive from their plants and offices.

Inside Wis: What makes a successful 'trep? Advice from those who’ve been there

June 23, 2014

Two corporate leaders who made their marks in very different industries offered their views on what it takes to start and grow a business at the recent Wisconsin Entrepreneurs’ Conference, an annual gathering that offers hands-on ways for young businesses to learn more. Featured speakers included Craig Culver, who co-founded the Sauk City-based Culver’s restaurant franchising system that includes about 510 stores in 23 states, and Jack Lynch, CEO of globally recognized Renaissance Learning in Wisconsin Rapids and a veteran of several high-growth software companies.

Still in Milwaukee JS: Flu flap shows perils of science communication in digital age

June 16, 2014

As news about scientific breakthroughs has migrated to online formats, public discussion about research and innovation has been simultaneously democratized and distorted. Read more in Tom Still's Milwaukee Journal Sentinel column here.

Inside Wis: In a post-coal era, energy options include wind from the west

June 11, 2014

As the state Public Service Commission weighs the pros and cons of the Badger-Coulee line, another factor may rule over both clans: The need to wean Wisconsin from its coal habit.

Inside Wis: Wisconsin’s business startup figures - which companies matter most?

June 9, 2014

With a fresh crop of winners in the Governor’s Business Plan Contest, some enthusiastic out-of-state investors and more than 500 people buzzing about the latest trends, you would never have guessed from last week’s Wisconsin Entrepreneurs’ Conference that the state lags in company startups. The anecdotal evidence of Wisconsin’s progress as a place to start a company, especially high-growth companies, is persuasive

Tom Still in Journal Sentinel commentary: More out-of-state investors seen here

June 1, 2014

In his Sunday Business section column for the Milwaukee Journal Sentinel, the Tech Council's Tom Still writes about trends uncovered in the annual Wisconsin Portfolio report -- including a trend toward more out-of-state investors taking an interest in Wisconsin companies.  

Inside Wis: Higher education still has economic value, although debt tests credibility

May 30, 2014

Americans once believed in commanding numbers – 80 percent or more – that a college degree was a good investment. Recent public surveys suggest confidence has plummeted, in part because the average debt for graduates is growing ($28,102 for Wisconsin college graduates, according to CNN Money) at a time when the economy is still struggling to produce enough high-wage jobs.

Inside Wis: Biz Plan Contest finalists reflect market trends, startup teamwork

May 22, 2014

By the time the annual Governor’s Business Plan Contest boils down to its “Diligent Dozen” live presenters, a result of five months of judging and mentoring, a series of tough cuts throughout the competition has yielded the best of the best. 

Inside Wis: Pat Lucey used bully pulpit of governor’s office to make tough choices

May 13, 2014

He was a governor who angered many in the education establishment, who sought to exercise more control over the state bureaucracy, and a politician who redefined his party yet seemingly didn’t care if he won by one vote or thousands. Gov. Scott Walker? Perhaps so, depending on your point of view, but the description also fits former Wisconsin Gov. Patrick J. Lucey.

Inside Wis: Co-investing trend in Wisconsin can help startups in search for money

May 9, 2014

The Wisconsin Technology Council and its Wisconsin Angel Network annually chart the state’s angel and venture deals. In 2012 and 2013, 160 such deals involved startups that raised a few thousand dollars to companies that attracted tens of millions of dollars. Nearly 70 of those 160 deals involved at least one investor from outside Wisconsin, and sometimes outside the country.

Still in Journal Sentinel: Wisconsin schools add programs on entrepreneurship

May 4, 2014

Tim Keane, Golden Angels Investors, has now joined with six other entrepreneurs to create The Entrepreneurial Journey, a 200-hour, four-month short course sponsored by Carroll University. The first class of 24 students — now being recruited through an application process that will remain open for a few more weeks — will begin study in September and earn a 15-credit graduate certificate from Carroll.

Inside Wis: Better broadband can create economic ‘highways’ in rural Wisconsin

May 1, 2014

Carl Ruedebusch is a veteran businessman who understands how high-speed Internet connections can make or break economic opportunity – depending on where you live in Wisconsin.

Inside Wis: Dairy innovation alive and well as industry adapts to change

April 25, 2014

Fostering innovation is the goal of a new project within the Wisconsin Center for Dairy Research, one of the world’s leading centers for discovery within an industry that has become international in every way.

Inside Wis: Why ride-sharing apps frustrate government reach

April 22, 2014

In a city that prides itself on being among the nation’s most “techie,” there has been a decidedly un-techie reaction to the arrival of two ride-sharing companies that have challenged the status quo of traditional taxi services.

Still in Journal Sentinel: Wis. Center for Dairy Research aims to foster innovation

April 22, 2014

Fostering innovation is the goal of a new project within the Wisconsin Center for Dairy Research, one of the world's leading centers for discovery within an industry that has become international in every way.

Inside Wis: With company life spans growing shorter, young companies help fill gap

April 11, 2014

The increasingly dynamic nature of the economy means that while workers themselves may be living longer, companies are not.

Inside Wis: Getting behind the numbers on why new company creation is important

April 4, 2014

Small businesses account for 65 percent of net, new private-sector jobs, according to federal figures, and businesses between one and 10 years old create 40 percent of all jobs. The Ewing Marion Kauffman Foundation in Kansas City, Mo., which follows entrepreneurship nationally, has also attributed most net new jobs to young companies. It’s why the debate over company creation in Wisconsin will command attention as the election year gathers steam.

Inside Wis: Angels in the cornfields: Investing not just a big-city game

March 28, 2014

Inside the Nohr Art Gallery on the UW-Platteville campus, 15 or so people gathered last week to talk about a lot more than the paintings and photographs on the walls. The topic was angel investing, a subject usually discussed on the nation’s coasts and larger cities, but increasingly part of the conversation in states such as Wisconsin.

Still in JSOnline: Graying of Wisconsin shows challenge in filling tomorrow's jobs

March 24, 2014

The demographic challenge for Wisconsin is best summarized by a few statistics that help to explain why it's also a workforce challenge.

Inside Wis: Wisconsin, Midwest slowly finding way on to investors’ radar screens

March 21, 2014

Inside the sparkling new offices of Nordic Consulting, a firm that has grown from a handful of health information technology experts to 400 employees and more than 90 customers, three venture capitalists from Boston sat down recently to talk about what they’re seeing in Wisconsin.

Inside Wis: Principle of ‘creative destruction’ means churn and learn for economy

March 13, 2014

As American TV & Appliance prepares to shut its doors, lessons about competing on quality, service, product and price can be found in recent company expansions in Wisconsin.

Still in Journal Sentinel: Sometimes even state government gets in way of business

March 10, 2014

Several issues making the rounds in or around the state Capitol illustrate how the federal-state balancing act can affect the business community, for better or worse.

Inside Wis: Amid debate over Common Core, STEM consensus offers lesson

March 7, 2014

Gov. Scott Walker and others may have their problems with Wisconsin’s Common Core standards, which have been in the works since 2009, but when it comes to STEM education, his office proclaimed next week as “STEM Week” in Wisconsin. The Wisconsin Department of Public Instruction recently rolled out a modest grants program for schools that want to enhance STEM programs, and many statewide groups are working to make science, technology, engineering and math a bigger part of the curriculum.

Inside Wis: Tech-based innovation across America; Wisconsin is far from alone

February 28, 2014

As the Wisconsin Legislature rolls toward a spring wrap-up of its work, economic development items on its agenda range from protecting intellectual property from “patent trolls” to setting the stage for more classified research to rethinking the state’s sore-thumb tax on capital raised by many young companies.

Still in Journal Sentinel: Tech Summit aims to align state's business orbits

February 24, 2014

Produced by the Wisconsin Technology Council and partners that include some well-known Milwaukee-area companies, the Tech Summit will provide an organized way for young companies and corporate giants to meet and explore likely business relationships around technology needs and innovation.

Inside Wis: In small ways, Wisconsin still makes it hard on emerging companies

February 19, 2014

With angel and venture capital investment dollars scarce for many young companies, the question arises: Why is Wisconsin virtually alone in taxing capital raised by those companies?

Inside Wis: Behind the Obamacare numbers; the (re)rise of the creative class

February 14, 2014

Just when you thought you had the politics of the pro- and anti-Obamacare debate figured out, along come some pesky numbers to upset your thinking.

Bill helps UW researchers meet national, economy needs with cybersecurity work

February 10, 2014

Enhancing cybersecurity to protect against threats from abroad, as well as close to home, is a national priority that touches just about everyone in our digital age. The risks can range from breaches of department store credit card data to attacks on America’s lifelines – including its energy grid, its water supply, its health-care institutions and its financial institutions. Read Milwaukee Journal Sentinel version of Tom Still's column here.

Inside Wis: Patent lawsuits, jet fuel from plants, angel investing and more

February 7, 2014

The Wisconsin Alumni Research Foundation isn’t the only organization accusing Apple Inc. of infringing on a high-tech patent.

Inside Wis: Connecting emerging companies, major firms is goal of Tech Summit

February 3, 2014

Produced by the Wisconsin Technology Council and partners that include the Wisconsin Economic Development Corp., the Wisconsin Tech Summit will provide an organized way for young companies and corporate giants to meet and explore likely business relationships around technology needs and innovation.

Still in Journal Sentinel: UW, UWM team up on energy, power and control

January 27, 2014

An emerging proposal involving UW-Madison, UWM and a variety of industry partners is the latest example of how the state's largest cities are finding ways to work together in a competitive world that doesn't care about geographic borders — global or municipal.

Inside Wis: Science, information can help farming survive tough regulatory climate

January 24, 2014

In a society where fewer and fewer people have any ties to farming, even a generation or two removed, how will agriculture meet its many challenges? Managing information better and using science and technology to solve problems will be part of the answer.

Inside Wis: Striking an energy generation balance

January 17, 2014

One speaker after another at the Renew Wisconsin Policy Summit cited examples of how other states, often Midwest neighbors but also politically “red” states around the country, are forging ahead with strategies that involve solar, wind, biomass and other renewable generation sources.

Still in Journal Sentinel: Wisconsin poised for ‘Year of the Investor’

January 12, 2014

Will 2014 be the “Year of the Early Stage Investor?” While mid-January is a bit early to make predictions for the next 50 weeks, there are some encouraging signs that angel, venture and other private equity investors are warming to Wisconsin’s startup and emerging companies.

Inside Wis: Book captures comical interface between health care codes and art

January 10, 2014

The build-up to I.C.D.-10, a new set of computerized medical codes, is why a group of Madison-based health IT experts and artists combined to produce “Struck by Orca,” an illustrated guide to some of the more obscure and often hilarious situations that have found their way into the federal code.

Inside Wis: It all starts with an idea: Business plan contest offers ‘treps a way to build

December 31, 2013

It all starts with an idea and a plan to take it from cocktail napkin notes to reality. That’s what the Wisconsin Governor’s Business Plan Contest has done for hundreds of entrepreneurs since its inception in 2004.

Still in Journal Sentinel: State must find right mix of job creation, taxation

December 28, 2013

Although largely dismissed by the two major-party candidates for governor at the time, Republican Scott McCallum and Democrat Jim Doyle, the tax-reform plan remains an example of bold thinking about taxes, spending and economic growth. It was Camelot for policy wonks, even if the politics were wrong for the times.

Inside Wis: Why Boeing should select Wisconsin – and why it’s OK even if it doesn’t

December 20, 2013

Can you name more than one or two major companies that have ever picked up and moved to Wisconsin, especially from farther away than Illinois or Minnesota? It rarely happens.

Inside Wis: Holiday perks includes naughty and nice in Wisconsin politics

December 18, 2013

A source close to the toy industry has once again leaked a copy of Santa’s perks list for Wisconsin politicians and newsmakers. Here’s what the good boys and girls in Madison and Washington will reportedly find in their stockings this Christmas. But they better not pout and they better not cry if an alert district attorney asks why gifts were delivered down chimneys after midnight.

Still in Journal Sentinel: Madison Bioenergy Research Center tackles energy initiatives

December 15, 2013

The nation's three Bioenergy Research Centers — including one in Madison — are cranking out transformative research that is beginning to find its way into companies and the broader economy, said Patricia Dehmer, chief science officer for DOE.

Inside Wis: For small businesses and ‘treps, some year-end advice on health care

December 12, 2013

As 2013 rolls to a close, many wonder: What’s our next step if we want health care coverage in the year ahead? The answer depends a great deal on the size and current coverage plan of your company – and whether you’re a one-person shop.

Inside Wis: Ex-governor Thompson finds late second career in health care deals

December 6, 2013

Thompson is the chairman and chief executive officer of Thompson Holdings, a business umbrella under which one of the most familiar names and faces in Wisconsin politics is investing and advising about 30 companies, mostly in the health care space. 

Still in Journal Sentinel: Higher education’s challenges aren’t confined to Wisconsin

December 1, 2013

The same problems and trends that are challenging the University of Wisconsin System these days are confronting other public universities across the country. That was evident at the annual conference of the Association of Public and Land-Grant Universities, held recently in Washington, D.C.

Inside Wis: A Thanksgiving appeal to the great CIO in the sky

November 26, 2013

As we gather this Thanksgiving to share time with family, friends and food, let us count the blessings of our digital age… using zeros and ones only, of course.

Inside Wis: Fifty years after his death, JFK’s science and technology legacy endures

November 22, 2013

The wave of remembrances tied to the 50th anniversary of President John F. Kennedy’s assassination have necessarily stressed his role in pushing the frontiers of space exploration, but his contributions to innovation in other realms of science and technology reach well beyond. 

Still in Journal Sentinel: Ten trends that define tech sector growth in Wisconsin

November 17, 2013

While Wisconsin continues to lag in the creation of net new companies, directions in sectors that are sources of young, high-growth companies promise to help over time. Here are 10 trends shaping the future of Wisconsin’s tech-based economy.

Inside Wis: Philippines typhoon shows need for better storm prediction science

November 12, 2013

Two days after Typhoon Haiyan left a trail of death and destruction in the Philippines, some of the nation’s leading climate scientists gathered at a higher education conference to talk about how to better predict the next mega-storm. Their conclusion: Whether or not people and policymakers buy into the notion of man-made climate change, the science of forecasting the strength, target and frequency of such storms must qualitatively improve. 

Inside Wis: Investor George Mosher is example of ups and downs of angel investing

November 8, 2013

Angel and venture capital investing in Wisconsin has many faces. They range from sophisticated fund managers, inside the state and out, who handle multi-million-dollar deals to the casual investor who may join a hometown angel network and take part in one five-digit deal a year. One of the most familiar and humble faces belongs to George Mosher.

Still in Journal Sentinel: Program aims to better link UW System, state economy

November 2, 2013

It's a common question, often voiced inside the Capitol and within Wisconsin's business community: How can the University of Wisconsin System better align itself with the state's economic future?

Inside Wis: Cities, states and regions must ultimately map own routes to success

November 1, 2013

It’s rarely a bad idea to compare-and-contrast when it comes to business development, whether it’s city to city, state to state or region to region. It can be a really bad idea, however, to get hung up on it. Unfortunately, the latter seems to be the case these days in Wisconsin, where a slow recovery from the Great Recession has sent business, government and economic development leaders scrambling for answers wherever the grass looks greener. 

Inside Wis: Crowdfunding trend gets green light in Wisconsin, there are still caution flags

October 25, 2013

The concept of equity crowdfunding was embraced by the JOBS Act, within certain investment limits, but it ran head-long into the SEC’s historic concern about society inventing new ways to swindle grandmothers and other unsuspecting investors. So, while most of the nation waited for the SEC rules, several states moved ahead with crowdfunding on their own – including Wisconsin, where the Legislature has passed legislation to rewrite state securities law.

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