Michigan Business Beat | Chris Rizik, Renaissance Venture Capital Fund, Michigan Startups

Chris Holman welcomes Chris Rizik, Founder and CEO, Renaissance Venture Capital Fund, Ann Arbor, MI. Chris Rizik, founder and CEO of Renaissance Venture Capital Fund, joins Michigan Business Beat to discuss his firm's unique "fund of funds" model, which invests in venture capital funds nationwide and then works to attract those funds to invest in Michigan startups. He highlights the firm's signature "UnDemo Day" event — a speed-dating-style format connecting Michigan startups with out-of-state VCs through hundreds of pre-arranged one-on-one meetings, held virtually in the spring and in person at Ford Field each fall — which has helped channel roughly $3 billion in investment into Michigan companies. Rizik also pushes back on the old notion that most venture-backed startups are expected to fail, arguing that a well-matched ecosystem can produce a much higher success rate across a range of company sizes. He closes by sharing that he will receive the Venture Vanguard Award, the nation's top venture capital honor, crediting his team and the broader Michigan ecosystem — including the Michigan Venture Capital Association — for helping put Michigan on the national VC map. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/