Investing in a startup is one thing. Making an impact with that investment is another. A growing class of impact investors is putting smart money into scaling Metro Detroit's new economy, and it's paying big dividends.
Bingham Farms-based Carbon Media Group has raised millions in seed funding and grown its staff to 62 people by targeting advertising and content at people who love the outdoors.
Once upon a time, venture capital in Michigan was small and inconsequential. Today it's powering the Great Lakes State's new economy, growing at a time when the industry has shrunk. In this special report, we take a long look on what that means for our local entrepreneurial ecosystem.
iDashboards grew an average of nearly 20 percent over each of the last four years. The firm's CEO attributes much of this success to its investment in marketing, on which it will spend over $2 million this year.
Over the next year, we will identify the fastest-growing local companies and tell you the behind-the-scenes stories of the entrepreneurs, investors, and the resources that are building Michigan's new economy.