Meet Ann Arbor's newest VC firm: Huron River Ventures

Wednesday, September 29, 2010 | Source: Concentrate
"Venture capital" is becoming Ann Arbor's buzz words these days. Local start-ups are  raising VC funds and new VC firms setting up shop here in Tree Town. Add Huron River Ventures to that list.

Two University of Michigan graduates, Ryan Waddington and Tim Streit, are setting up the downtown Ann Arbor-based venture capital firm. The two friends have worked in seed capital jobs across the country for years, ranging from DTE Energy Ventures to HSBC New Business Development, giving them backgrounds in both investment and clean technology.

"We both decided to come back to Michigan to pursue venture opportunities," Waddington says. "We see great opportunities in clean tech in an underserved market."

Huron River Ventures is in the process of establishing itself and lining up financial support from the state of Michigan. Waddington declines to elaborate further because of SEC regulations.

"We're in the process of putting together a marking-and-communications plan that will allow us to be a little more open," Waddington says.

Source: Ryan Waddington, co-founder of Huron River Ventures
Writer: Jon Zemke
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Related Tags

Entrepreneurship, Investment, University Of Michigan, Venture Capital 

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