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What Will Be Our Legacy For Wisconsin?

What Will Be Our Legacy For Wisconsin?. We a re at a crossroads. Today ’ s Conversation. Where we are now as a State Where we need to be How we get there. Wisconsin ranked #47 in entrepreneurial activity. We ’ re at a Critical Decision Point — We need jobs!.

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What Will Be Our Legacy For Wisconsin?

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  1. What Will Be Our LegacyFor Wisconsin? We are at a crossroads.

  2. Today’s Conversation Where we are now as a State Where we need to be How we get there

  3. Wisconsin ranked #47 in entrepreneurial activity We’re at a Critical Decision Point —We need jobs!

  4. Company Creation Turns the Tide • Kauffman Foundation:All net new job growth from young companies • 2012 Governors Assoc.: Traditional economic jobs model is outdated • WEDC Report: Tech companies’ $70K median wage much higher than State’s $50K median wage

  5. We Have the Ideas Here • State ranked ~ #3 in annual research spending • Ranked #14 in patent creation • World-class academic institutions • 400+ applicants for 2013Governor’s Business Plan Contest

  6. And the Young Talent • Wisconsin academic institutions provide significant opportunities for research, learning & mentoring!

  7. But Where is The Capital Funding?! • Wisconsin is lowly ranked in capital creation and funding • Many states are being aggressive —$150M recently in Colorado alone • We are behind and need to act now!

  8. Public Funding Outlook is Bleak • State Budget now reduced from$300M to only $25M—if that. • How to deploy dollars is in question • The politics fluctuate • No long-term solution

  9. PrivateFunding is limited • Angel investors active in space • Uniquely understand risk and failure • But always will be in short supply • Wealthy individuals, corporations and foundations are not inclined to be angels • We are falling behind … and fast! • MJS: Can use up to $350M right now

  10. New Strategy for Capital Formation • Move discussion from “Investment”to “Philanthropy” • Enlist generous Badgers worldwide to save our state • Create and retain jobs from our ideas for our graduates

  11. New Strategy for Capital Formation

  12. BrightStar Wisconsin • As a 501(c)(3) receives donor funding • Deployed as equity in early-stage companies • Returns continuously reinvested backinto foundation • Expert founders and advisors knowthe space • Grow and keep brightest young businesses and talent in Wisconsin

  13. Mike Shannon Jeff Harris Jeff Rusinow Tom Shannon SusanEngeleiter George Mosher Mark Burish Michael Drescher All-Star Team of Founding Donors

  14. Co-Investors Angels Early-StageFunds WARF Donors WealthyIndividuals Corporations Foundations Our Job Creation Ecosystem

  15. Company/Job Creation Programs Co-Investing Internships Recruit aBadger Badger Bullpen Grants Donor Matching

  16. Who Will Step Up Next? • New philanthropic option • “Badgers” by birth, education or choicecan help Wisconsin compete and thrive • BrightStar Wisconsinwill fund early-stage companies and create high-paying jobs

  17. Key Facts to Know… • Investment committee comprised of early-stage experts • Foundation run by independent board • Assets always owned by foundation • ~ 100% of contributions go to mission • Support WEDC job creation initiative • Tom Shannon is founder and uncompensated President/CEO

  18. A Simple Choice “If we add as little as 5% into job creationas we do in educating our studentsfor their first job…Wisconsin will surge back.” – Tom Shannon

  19. Thank You!

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