What Is Detroit Venture Partners?

After I posted about Josh Linkner, a bunch of Somethingburning.com readers emailed to ask about the VC Fund he runs with Magic Johnson, Dan Gilbert and Brian KermelinDetroit Venture Partners.

 

Launched in 2011, DVP backs purpose-driven seed and early-stage technology companies.  (You can view their portfolio by clicking here.)  In DVP’s words, its mission is “to help rebuild the Detroit area through entrepreneurial fire.  We view business building as a palette for creative expression and an opportunity to make a difference and change the world. If not, why bother?”

If you’ve been to Detroit lately, you know it’s hard not to root for guys who “look at venture investing as a full-contact sport, and are ready to do whatever it takes” to help their portfolio companies win.  Will this work?  Not sure yet; so much depends on factors beyond their control.  But they’re making bets, having fun, sparking innovation and giving the people of Detroit (and Mayor Bing) some hope.

DVP’s website itself is refreshing for a VC.  Smart, new, well-designed, pasisonate and fun.  Now watch their dramatic intro, a case for Detroit 2.0, and decide for yourself…

Here’s the introduction of Magic Johnson as DVP’s newest partner…


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