Wayne State University

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Wayne State University

Public Relations

Media Report

May 15, 2006

Many plays fail, but angel investors focus on wins

Crain’s Detroit Business
Terry Cross, executive-in-residence for entrepreneurial studies at Wayne State University, is profiled in a story about the pitfalls and ins-and-outs of angel investing. Cross, who was honored as Wayne State’s distinguished alumnus in 2005, was a ground-floor investor in Google Inc. when he was an investment banker in Silicon Valley in the 1990s. He says his seven successful angel investments have more than covered his losses, leaving him with a total return on his investment of 41 percent. A photo of Cross is included.

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