Tuesday, July 23, 2013

Wisconsin Economic Development Corporation Pledge: Following the Money

State pledges $300,000 to support BrightStar Wisconsin Foundation. (Milwaukee Journal Sentinel, 7/22/2013)

Excerpt: BrightStar also plans to provide WEDC with information about the investments it makes, said Tom Shannon, who has committed to run the foundation for three years for free. But the foundation hopes to expand beyond the required information and develop indexes to show how well it is performing, he added. One such index might be some sort of "job power index," Shannon said.

BrightStar Wisconsin Foundation to invest donations in startups. (The Business Journal, 7/10/2013)

Excerpt: Tom Shannon, a veteran early-stage investor who was CEO of Waukesha-based Prodesse Inc. until its 2009 acquisition by global biotechnology company Gen-Probe Inc. for $72 million, will lead the foundation as a volunteer.

Another angel among BrightStar co-founders.

Related posts:
Incompetence rewarded.  (5/9/2013)
And while we're at it, let's take a look at WEDC 's core values. (5/9/2013)
WEDC Public Information Officer Resigns After 1 Month on the Job.  (5/9/2013)
Plenty of time for messaging but none for fixing what ails WEDC.  (5/9/2013)
Previous WEDC audits?  What previous audits?  (5/8/2013)
Are you seeing a trend yet?  (5/8/2013)
Echoes.  (5/7/2013)
Get me rewrite.  (5/4/2013)
Legislative Audit Bureau Report on Wisconsin Economic Development Corporation: The "Cliff Notes" Version.  (5/3/2013
"Tales of woe never end at WEDC."  (4/25/2013)
Enterprise Florida and Wisconsin Economic Development Corporation share a lack of transparency.  (2/28/2013)
Work to do, words yet to live by.  (12/27/2012)

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