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Upstate venture firm becoming more visible

South Carolina Business Review
SC Public Radio
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If you are a regular listener of ours, you’ve probably heard our next guest’s organization mentioned here before because they have recently been showing up in the news somewhat frequently announcing investments into young, small companies across our state and the region.

Mike Switzer interviews Paul Clark, managing director at VentureSouth in Greenville, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.