Michigan

5 questions with a man who finds money for risky business ideas

Published

5 months ago

November 8, 2025

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5 questions with a man who finds money for risky business ideas

Carol Cain
| Detroit Free Press Business Columnist

Michigan wasn’t on anyone’s radar for venture capital investment 20 years ago.
Chris Rizik and his Renaissance Venture Capital have used their network and investments to bring over $3B in VC investment to Michigan.

There was a time Michigan was an also-ran place for venture capital and helping startups in the Great Lakes State.

In fact, the state wasn’t on anyone’s radar 20 years ago as 95% of the VC action was taking place on the nation’s east and west coasts.

It helped inspire Chris Rizik to light a fire to help change that image.

The end result was the launch of Renaissance Venture Capital 17 years ago with the support of Business Leaders For Michigan and corporations like DTE Energy, Ford Motor Co., AAA, and Blue Cross Blue Shield and others who belonged to the statewide business group.

Renaissance Venture Capital has since used its network and investments to bring more venture capital to Michigan (over $3 billion ). To date, the Renaissance Venture Fund itself has raised more than $300 million, according to Rizik, who serves as founder and managing partner.

Jeff Donofrio, president and CEO of Business Leaders For Michigan, said: “We partnered in creating the Renaissance Venture Capital Fund because we believed in Chris’ vision to make Michigan a national leader in venture capital. Thanks to his leadership, it has become a reality and the fund is now a powerful catalyst for startup growth and a model for other states.”

Other VC funds like Invest Detroit and Mercury Fund have opened here as the region has become something of a hot spot for VCs.

Along the way, Rizik’s reputation as the go-to guy has grown.

“Chris’ phone number is on everyone’s speed dial,” said Patti Glaza, executive vice president and managing director of Invest Detroit. “From mentoring founders and serving on boards to leading conversations that strengthen our ecosystem, Chris embodies what makes Michigan’s venture community so special.”

Rizik, a former partner at Dickinson Wright law firm and chairman at Ardesta, a nanotechnology incubator, recently got applause from the National Venture Capital Association for his efforts to expand VCs, naming him one of three 2025 Venture Vanguard honorees, the highest national venture capital award. (Ann Winblad of Hummer Winblad Venture Partners and Howard Morgan of First Round Capital were the others.)

“A pioneering force of venture capital in the heartland, Chris has helped shape the Midwest’s startup ecosystem like few others,” Bobby Franklin, president and CEO of NVCA, said when they gave out the awards in June.

Connecting ideas to dollars

Rizik launched UnDemo Days in 2015 to provide a place for venture capital investors to come to Detroit to meet startups as they kick the tires in deciding whether to invest.

“It’s like speed dating for startups,” he said.

The last UnDemo Day was held Oct. 1 at Ford Field and introduced over 250 local startups to venture capital investors with over 900 people attending.

With so much going on, I posed a couple questions to Rizik (his answers are edited for length).

QUESTION: Tell me about state of venture capital in Michigan?

ANSWER: Michigan has been one of the fastest growing states for venture capital in recent years. We’ve always had great technology and a talented engineering workforce here, but for decades we underperformed at creating startups. Now there’s energy around startups in Ann Arbor, Detroit and Grand Rapids and other places and VCs are excited to come here. They are investing at more than four times the level they were when we started hosting our UnDemo Days.

Q: Explain how VC investors get involved in a startup?

A: Venture capital is high risk investment in startups that have the potential to grow very big very fast. They typically involve some kind of game-changing technology or process. These are companies that are generally too risky for banks to loan money to, but venture capitalists are willing to take the risk in hopes the company will explode into something that can change the world and at the same time provide lucrative financial results. A majority of these investments will not pan out financially, but the hope is that the successes more than make up for the failures.

Q: Where are the opportunities for VCs here?

A: Michigan is best known around the world as being particularly strong in areas like mobility, cybersecurity, life sciences, advanced materials, supply chain and advanced manufacturing.

Q: You just got a national award where you were credited for bringing VC opportunities to areas that have been challenged. How have you been able to succeed?

A: We are focused on what we are and what we are not, and we keep our focus in a world where there are temptations to chase shiny objects that take you off course. We are about investing in great venture capital funds around the country and connecting them with the Michigan ecosystem to help grow the state.

Q: Give me an example of a VC success story you’ve been involved with?

A: One of the most interesting was Orbion Space Technology. In 2018 we met the founder, Dr. Brad King (of Michigan Technological University) in Houghton where he started the company. He was creating a revolutionary propulsion system for satellites, and was committed to building the company in the U.P. But raising capital there was difficult. So we invited him to UnDemo Day and introduced him to venture capitalists. A Boston firm, Material Impact Fund, loved what they heard and became Orbion’s first institutional investor. The next year Orbion met more VCs at UnDemo Day. Now, Orbion is a leader in propulsion systems and one of the largest employers in Houghton. It is a great Michigan story and a great Renaissance success.

Contact Carol Cain at clcain@cbs.com. She is senior producer/host of “Michigan Matters,” which airs 5:30 a.m. Sundays on CBS Detroit and 9:30 a.m. Sundays on CW Detroit 50. See Detroit City Councilman Coleman Young II, Macomb County Executive Mark Hackel, GOP Strategist Susy Avery, Adrian Fortino of Mercury Fund, Patti Glaza of Invest Detroit and Chris Rizik of Renaissance Venture Capital on this week’s show. You can also watch the show simultaneously on Fubu, Pluto TV, YouTube TV and Apple TV.

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Michigan

List of active weather alerts as severe weather moves through Southeast Michigan

Published

7 hours ago

March 26, 2026

Press Room

List of active weather alerts as severe weather moves through Southeast Michigan

Severe storms bring risk of tornadoes, hail, flooding

4Warn Weather – The severe thunderstorm warnings in Monroe and Lenawee counties have expired.

A ground stoppage has also been deployed.

Click here for the latest forecast from our 4Warn Weather team.

Here’s a list of the alerts by county.

Wayne County

No active weather alerts.

Oakland County

No active weather alerts.

Macomb County

No active weather alerts.

Washtenaw County

No active weather alerts.

Monroe County

Severe thunderstorm warning expired at 8 p.m.

Livingston County

No active weather alerts.

Lenawee County

Severe thunderstorm warning expired at 7:45 p.m.

Lapeer County

No active weather alerts.

Genesee County

No active weather alerts.

St. Clair County

No active weather alerts.

Sanilac County

No active weather alerts.

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Michigan

Michigan football emphasizes return of discipline under new regime

Published

19 hours ago

March 26, 2026

Press Room

Michigan football emphasizes return of discipline under new regime

The buzzword continued to come up in Schembechler Hall, from each one of the captains.

From Bryce Underwood to Jordan Marshall, Rod Moore to Trey Pierce − Michigan football players around for the previous regime and in the case of the latter two, the one before that too − each said Wednesday, March 25, that there’s a noticeable difference within the program under new coach Kyle Whittingham.

For Moore, a sixth-year player who will likely become a third-time captain when the official leaders are voted on later this summer, he recognized the vibe.

“I would say it’s kind of a similarity to coach Harbaugh’s regimen,” he said. “It’s a lot more strict than the past two years, and the weight room has kind of been a night-and-day difference than the past two years. We feel a lot stronger, a lot more progress.”

The Wolverines finished winter conditioning and Whittingham graded it with an “A+.” Hope is often the dominant mode at this time of year and adding a new coaching staff to what’s generally a positive time creates little surprise that the Wolverines are raving about the new system.

But beyond the platitudes and clichés, there are tangible examples. Take Pierce: The projected starting defensive tackle has trimmed his weight to 300 pounds while adding muscle mass to his overall frame.

“Something new that we have now is that whenever we start meetings, there’s like a loud air horn that goes off throughout the whole building,” Moore said. “The past two years, we would start the meeting at 2:30, but now we start the meeting at 2:25, even though it’s a 2:30 meeting. Just everyone being five minutes early. The coaches are holding everyone accountable in the meetings, going to class.

“Just the little things that makes a team great, not just the big, broad things that everyone sees.”

There was an implication from everyone, though nothing said explicitly, that the past two seasons featured little enforcement. Most players would show up on time for lifts, but there were those who didn’t, with few repercussions.

“It’s the little things,” Pierce said. “Guys being late for lifts, guys not being where they’re supposed to be, whether it’s [missing] class. Just enforcing that a little bit heavier, that type of thing. … A lot of coaches say that when you’re being recruited in front of your parents. But for [Whittingham] to say that in front of the huddle after practice and say, ‘That’s why I’m here,’ I would say, ‘OK, he cares. He gets it.’”

Throughout the offseason, some who’ve spent time inside the facility said the weightlifting sessions had notably more juice. The past two years felt like a carryover of the previous years in terms of style, but accountability and discipline wavered.

Now, with Doug Elisaia leading the strength and conditioning room, there are different philosophies.

Practices are a bit shorter these days – two hours – but as Marshall said, “I don’t stop moving at practice, like, we’re always doing something that’s not only going to help with us competing with teams, but our conditioning.”

Marshall believes it can take the Wolverines to the next level, he said.

Just more than a week into spring ball, players are oozing confidence. Not just in their skills − the running back room is deep, the wide receiver room has as much raw talent as at any point the past decade, the offensive line returned multiple key pieces, the secondary added depth and the defensive tackles feel underrated − but in mindset.

U-M had early, demanding lifting sessions during winter conditioning, with a clear organization.

“It introduces that factor of toughness, like we’ve been through this at 6:30 a.m., 6:15 a.m., all these days in the grind together,” Pierce said. “It improves team bonding, and puts you in the headspace of, we’ve done harder stuff than this, and nothing can break us.”

The difference between winning and losing can often be razor-thin. Will this pay off when it counts during the season?

“If I can trust you to do things maybe you don’t want to do,” Marshall said, “then I can trust you on the field when it’s the fourth quarter and we have one minute left.”

Tony Garcia is the Wolverines beat writer for the Detroit Free Press. Email him at apgarcia@freepress.com and follow him on X at @RealTonyGarcia.

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Michigan

Michigan school bus driver wins national hero award

Published

1 day ago

March 25, 2026

Press Room

Michigan school bus driver wins national hero award

LANSING, Mich. (InvestigateTV) — A Lansing school bus driver has won a national award for going above and beyond behind the wheel.

Jackie Wilkerson-Brown, known as Miss Jackie by students, transports children to and from Lansing’s Gardner and Lewton schools. She recently became the first recipient of the 2025 School Bus Driver Hero Award.

“I was like, seriously, seriously, seriously, and I just started crying,” Wilkerson-Brown said.

The award was presented by School Bus Fleet Magazine. Teachers and parents nominated Wilkerson-Brown for the honor.

Known for being fun and firm

Wilkerson-Brown is known for being fun and firm with students. She hands out candy and leads students in games like the name game on rides home.

“Being a mirror bus driver is just sitting in your bus and, ‘Sit down, stop doing that, stop jumping over the seat,’” Wilkerson-Brown said. “You have to sometimes get up out of your seat and face-to-face with your children.”

Posters of positivity line the inside of her bus.

“I keep it on my bus, and I just try to remind the kids that, you know, smile,” she said. “Kind vibes, happy lives.”

‘Unbelievable honor’

Patrick Dean, president of Dean Transportation, said the recognition is significant.

“This is an unbelievable honor for Jackie,” Dean said. “Jackie exemplifies everything it means to be a superhero bus driver.”

Todd Sharp, operations manager for Dean Transportation, said Wilkerson-Brown treats students as her own.

“When those students step up on her bus, she treats them as her own. They’re her children while they’re in her care,” Sharp said.

Wilkerson-Brown said she loves her job.

“I’m trying not to get emotional, because I love my job, I love what I do,” she said. “If you call my phone right now, the message is going to say, ‘Hey I’m busy being awesome.’ So, because I am awesome, I am awesome, and then to receive this award, and then it came and I’m employed by Dean Transportation, oh, my God, it doesn’t get any better than that.”