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Big tech names launch Detroit Venture Partners

A few of Metro Detroit's biggest names in tech are getting together to launch a new venture capital firm, Detroit Venture Partners.

Josh Linkner of ePrize, Dan Gilbert of Quicken Loans, and Brian Hermelin of Rockbridge Growth Equity started the VC firm in downtown Detroit with the idea of putting Metro Detroit's tech sector growth on steroids. Detroit Venture Partners plans to invest in early-stage companies in internet, digital media, marketing, and direct-to-consumer technologies, sports and entertainment, social media, e-commerce, and software.

"Your bio-tech or advanced manufacturing idea may be groundbreaking, but that's not our focus," says Detroit Venture Partners' website. "We'd just screw it up if we got involved."

Linkner (the short and sarcastic one, according to the website) will serve as the firm's CEO and managing partner. Gilbert (the comic sans font and hair product fan) and Hermelin (the bald brains of the trio) will serve as general partners. The five-person VC firm plans to make 6-8 investments in 2011 and up to 10-20 the next year. Its long-term plan is to make a difference in Metro Detroit by creating economic opportunity.

"We really want to become a significant venture firm in town, similar to what you see in Silicon Valley," Linkner says.

Source: Josh Linkner, CEO & managing partner with Detroit Venture Partners
Writer: Jon Zemke
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Related Company

  • ePrize
    One ePrize Dr
    Pleasant Ridge, MI 48069 Website
    Pleasant Ridge-based ePrize is a worldwide leader of interactive promotions. It creates one-to-one relationships between advertisers and their individual customers. With a focus on motivating specific consumer behavior, campaigns range from online ...
  • Detroit Venture Partners
    1050 Woodward Ave
    Detroit, MI 48226 Website