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May 10, 2020 | Tom Ballard

Milwaukee-based early stage venture fund literally ceases operations

I’m sure there have been others that have made this sort of an announcement, but this is the first article we’ve seen about a venture firm literally shutting down, not just closing its offices during the COVID-19 pandemic.

Bold Coast Capital, a Milwaukee-based early stage fund, is no longer raising dollars and has released those who made commitments to its first close of $6 million. “I knew the prospects for me reaching the finish line of $10 million had deteriorated substantially and that the time frame to raise the remaining dollars would be extended significantly and would be uncertain,” Bold Coast Capital Founder and Fund Manager Ross Leinweber said.

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