ANNOUNCING THE NEW OFFICE OF DR. WENDY SADOFF metro Ak, Dr. Sadoff is a board–certicied dermatologist, treating patients with a wide variety of dermatological conditions, and also addressing their Welcome Back, Magic! NBA legend joins Detroit Venture Partners to help rejuvenate the city. aesthetic concerns. She treats pediatric, adolescent and adult patients, and enjoys meeting the skin care needs of the entire family . Wen(*) Sacloir, M.D. SADCDrr DERNAATCDLOGY PC Meeting your individual and comprehensive dermatology needs 51360 Northwestern Hw Farmington Hills • 483 (On the east side of Northwestern Hwy between 15 Mile Road & Middlebelt Road) www.Wenci9Saciofcmci.com 2+8-855-3300 2266 Orchard Lake Road at Middlebelt Road • Sylvan Lake, MI 48320 248-682-8573 • Learn more at www.karagosian.com 16 July 28 2011 Jackie Headapohi Mana g in g Editor D etroit Venture Partners, which invests in new Detroit- based high-tech companies, is adding some magic to its formula of supporting entrepreneurs who want to rebuild the city — the addi- tion of NBA great Earvin "Magic" Johnson as a partner. Johnson will join the three Metro Detroit Jewish entrepreneurs who founded the company last November: Dan Gilbert, Quicken Loans founder and chairman; Brian Hermelin, founder of Rockbridge Growth Equity; and Josh Linkner, founder and chairman of ePrize. In a press conference July 21, Johnson, who played hoops at Michigan State University before being drafted by the Los Angeles Lakers, said: "I am investing in Detroit Venture Partners and the city of Detroit because I want to have a positive impact on the biggest downtown in my home state. I'm coming back home to help put people back to work." DVP invests exclusively in the areas of digital media, software, cloud corn- putinge-commerce, marketing technol- ogy, mobile apps, Internet and social media. DVP is well on its way, already investing in six of the 12 companies it expects to fund in 2011. Its ultimate goal: to create jobs and provide opportunities for tal- ented young entrepreneurs to stay in Michigan and invest in the city. According to Linkner, CEO and man- aging partner of DVP, the goal is to create 4,500 high-paying, high-tech jobs in the city within 10 years. "There is absolutely nothing more important than transforming Detroit to an exciting place for young, eager, wealth-creating entrepreneurs to embark on their business journeys," DVP partner Gilbert said. Johnson comes to DVP with a proven track record of success in creating a financial renaissance in a predominantly African American neighborhood. Johnson's investments in Manhattan's Harlem have helped revitalize the community and empow- er its residents. "Earvin brings so much to the DVP team — entrepreneurial experience, a passion for Detroit and Michigan, additional capital to fund businesses, "I'm coming back home to help put people back to work." - Magic Johnson and the well-respected Magic brand," Linkner added. Rabbi Jason Miller, president of Access Computer Technology, an IT and social media consulting firm in West Bloomfield, lived near Harlem from 1998-2001 during the time Johnson was infusing his "magic" into the predominately African American area. "I am looking forward to seeing what kind of magic he has in store for our city here in Detroit," he said. In addition to investing millions into DVP, Johnson also announced that the real estate arm of Magic Johnson Enterprises is in talks with Gilbert's real estate partnership, Bedrock Real Estate Services, exploring potential investments in downtown Detroit real estate. Gilbert is excited about DVP's momentum. "We've been able to acquire buildings and make deals with Magic Johnson and bring entrepre- neurial companies down here," he said. "It's an exciting time." Johnson also has high hopes for the future of the city. "I love to win, and I'm gonna tell you this, I love to win with my money, too," he said. "So, we're going to do everything we can to help these great, young entrepreneurs who already have great ideas. We need to have them stay here and keep that talent here, and I know Detroit is going to come back."