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Ohio lags in venture cap investment: Clarion chief sees bleak business growth picture. (venture capital; Clarion Capital Corp.)
From:
Crain's Cleveland Business
| Date:
November 16, 1992| Author:
Wolf, Carol
| COPYRIGHT 1992 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Ohio isn't investing in the future.
That's the finding of a study by the Clarion Capital Corp. venture capital firm in Cleveland. The study shows the amount of venture capital invested here is paltry compared to other areas of the country.
Clarion Capital chairman Morton Cohen said he believes it's no coincidence that few of Fortune magazine's 100 fastest-growing companies are in Ohio.
"There is a definite correlation between the amount of venture capital ...