4490-ventures

Midwest becoming venture hot spot

Dan Malven isn’t a wide-eyed optimist by nature. He’s a sober, even cautious, venture capitalist who is diligent about investments made by the fund he helps manage, Wisconsin-based 4490 Ventures.

When it comes to how he views the investment climate in the Midwest, however, Malven is bullish.

“Over the next 20 years, the Midwest should be a great market” for angel and venture capital investments in young, often tech-enabled companies, Malven told a May 21 meeting of the Tech Council Innovation Network in Madison.

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