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Oct 22, 201901:00 PMInside Wisconsin

with Tom Still

Healthy startup communities benefit when entrepreneurs cash out

(page 2 of 2)

Several of the principals in NeuWave have gone on the start other companies, bringing even more value to the Wisconsin economy.

“Many employees at NeuWave came from big medical device companies and caught the entrepreneurial bug, enjoying the excitement of making a big impact in an innovative small company,” Neis said. 

Some successful entrepreneurs become investors. One Wisconsin example is Mark Bakken, who founded HealthX Ventures in Madison after exiting from Nordic Consulting, which provides consulting services to health organizations using Epic Systems software. HealthX has invested in more than a dozen young companies, including a handful of up-and-coming digital health firms in Wisconsin. Had not Bakken been a successful entrepreneur himself, those investments would not have happened.

Other examples include Thomas “Rock” Mackie and Paul Reckwerdt, who started TomoTherapy and have since been involved in other young tech companies after TomoTherapy was acquired by Accuray. California-based Accuray has added to the foundation built by TomoTherapy, grown its production facilities, and introduced yet another major health-tech player to Wisconsin.

Zerology is an innovative addition to Wisconsin’s mix of startup companies, but it might not have been born if Shree Kalluri and others had failed to make Forte Research Systems an attractive acquisition target. In a dynamic early-stage economy, some investments keep paying off.

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About This Blog

Tom Still is president of the Wisconsin Technology Council. He is the former associate editor of the Wisconsin State Journal.

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