State-backed venture funds carry risks, rewards – States shouldn’t repeat Iowa’s mistake

Any number of things can go wrong in a venture capital fund and even more can go awry if the state is involved.

Politicians might raid the funds, pensioners might be pulled into a fruitless gamble, the highest-growth companies might be lured to the coasts, or even worse, the promising start-ups could all turn out to be duds.

Advocates for more Wisconsin-sponsored venture funds, however, say the biggest risk is failing to create them at all.

By Kathleen Gallagher of the Journal Sentinel

Full Story: http://www.jsonline.com/business/100669549.html