Venture for America Company Spotlight with Detroit Venture Partners located in Detroit, Michigan:
Detroit Venture Partners is a Detroit-based Venture Capital firm on a crazed mission. They back seed and early-stage technology companies who have a purpose.
Detroit Venture Partners’ purpose is to help rebuild the Detroit area through entrepreneurial fire. They view business building as a palette for creative expression and an opportunity to make a difference and change the world.
Vice President at Detroit Venture Partners, Jake Cohen, tells us more:
1. Tell us about Detroit Venture Partners.
Detroit Venture Partners was founded by Josh Linkner with fellow partners Dan Gilbert, Brian Hermelin, and Earvin “Magic” Johnson in 2010. We’re a VC firm by entrepreneurs, for entrepreneurs, with a mission to support the Detroit 2.0 movement of transforming Detroit into a Midwest innovation and tech hub.
2. Name a fun fact about Detroit Venture Partners.
“Shatter Conventional Wisdom”. We follow that mantra pretty religiously and embrace entrepreneurs who are daring to disrupt. As a VC, we’re not here just to sign a check. We leverage our own networks and experience to help our entrepreneurs in all aspects of their business, from bringing on the right talent to building relationships with key partners.
3. What does your ideal Venture Fellow look like?
We’re looking for energetic people who are passionate about entrepreneurship and can move fast with a small team. We’re very committed to building strong teams with family culture. It’s important for potential Venture Fellows to understand that joining a startup is not about a billion-dollar exit, but rather creating value together with a group of people they care about. It’s definitely not a 9-5 job. More like a “Live well, Work hard, Play together” lifestyle.
4. What does the daily office routine look like?
We recently moved into our offices at the gorgeous Madison Theatre building, a historical landmark that just finished a $11 million renovation project by Bedrock Real Estate. Our office routine has changed with this new move, but usually involves meeting exciting new entrepreneurs either remotely or in-person and balancing projects related to the Detroit 2.0 movement.
To find out more about Detroit Venture Partners: