The statistics hardly need to be rehashed at this point. It’s well documented that Wisconsin has routinely found itself toward the bottom of lists ranking venture capital activity nationally.
In recent years, various efforts have taken aim at that problem in hopes of increasing the flow of VC dollars to the state.
A couple of years ago, Dana Guthrie identified a particular need within the state’s startup ecosystem for pre-revenue investment in the Milwaukee area. She drew that conclusion after reading a 2018 Wisconsin Tech Council report showing that, of the $300 million in VC invested in the state that year, less than 10% went to Milwaukee County and less than 5% of that total made its way to the city.