expects to net about $395 million in after-tax proceeds from the partial sale of its lending division.
—Milwaukee Magazine published a package of articles entitled “A Deep Dive Inside Milwaukee’s Startup Scene,” which looks at the contributions of organizations like EmOpti, Bright Cellars, and Gener8tor toward making the city more attractive for tech entrepreneurs.
—One Milwaukee-area startup that may not be part of the local ecosystem for much longer is iDAvatars, which develops software allowing users to interact with virtual assistants. Norrie Daroga, the company’s founder and CEO, said iDAvatars has begun the process of shutting down operations. His plan is to sell some or all of the startup’s assets, potentially through an auction, he said.
