In this article, we find validation that the Midwest is attracting more investment dollars from around the nation. The opportunity to make money while creating jobs and stimulating economic activity has broad appeal. Boomerang Ventures is proud to contribute to the venture-capital ecosystem in Indiana and throughout the Midwest.
Oscar Moralez, General Partner
Source: Wisconsin Technology Council | Re-Post Boomerang Ventures 8/2/19
In texting slang, “OPM” is short for “Other People’s Money.” When it comes to early-stage investing in Wisconsin these days, it can also serve as an acronym for “Other People’s Money Matters.”
Nearly half of the 121 angel and venture capital deals recorded in Wisconsin during the 2018 calendar year involved investors from other states or nations. Whether the money came from Chicago, Boston, New York, California or beyond, 49 percent of the deals in which investors were known involved people from outside Wisconsin’s borders.
That’s not a criticism of Wisconsin’s homegrown investors, who continue to place their faith in young companies here. Rather, it’s evidence that money from afar is finding its way into Wisconsin deals with promising technologies, products and ideas.
Most of the time, that kind of outside validation helps local companies and investors who can benefit from deeper pockets to help carry a company to the next stage.
The trend toward more out-of-state money discovering Wisconsin deals was a trend noted in the 2019 “Wisconsin Portfolio,” a publication produced annually by the Wisconsin Technology Council. The 11th annual report recorded $280.7 million in total investment, a record for Wisconsin, in 121 separate deals.