Detroit’s Benzinga awarded for disrupting financial media and improving financial literacy

The Michigan Venture Capital Association held its anniversary gala at Greenfield Village on Thursday, September 29 – the site of an open-air museum founded by Henry Ford.

The 200-attendee event, which celebrated MVCA’s 20-year history, was also a recognition of disruptive innovation, startups and financiers working to build a better future.

Of the 15 companies nominated, there were only four winners – and Benzinga was one of them. The Detroit-based company, acquired in late 2021 by Beringer Capital for $300 million, received the award for Release of the Year.

Other winners included:

  • Health at workFunding of the Year Award
  • Airspace linkRising Company of the Year Award
  • Invest DetroitCommunity Impact Award

Individuals were also recognized. Robin McIntosh and Lisa McLaughlin both received the Entrepreneur of the Year award. Sam Valenti III was recognized for his contributions to a new generation of investors and received the Lifetime Achievement Award from the MVCA.

No progress without innovation

The end Michael A. Finney once said, “No progress, no innovation.”

Finney received a tribute at the event for his contributions to the community and his leadership.

Founder and CEO of Benzinga Jason Raznick quoted Finney on the need to disrupt the status quo.

“If you keep doing things the same way, you’re not progressing,” he said. This realization offers comfort through challenges.

“I kept reminding myself that this too would pass,” he added, citing his unique “day one” approach to dealing with frustrations.

Raznick, who founded Benzinga in 2009 in a basement, didn’t let a lack of funding and direction stop him from bridging the gap between retail and institutional investors, he explained in the speech. the MVCA.

“People kept telling me you can’t build a financial media company out of Detroit. They told me I had to move to New York.

Fast forward to today, Benzinga is one of the largest content providers for global brokerages and media houses including Yahoo, MarketWatch and Insider. Enabling investors to develop their skills, Benzinga also hosts in-person thought leadership, networking and educational events.

Raznick also quoted the legendary Michigan football coach Bo Schembechlercrediting his team for the success achieved by Benzinga.

“Without this team here, and the more than 100 others who aren’t here,” he said, “the company wouldn’t be what it is today.”

MVCA’s award to Benzinga is validation, in short, the CEO concluded. His intention is to use it as fuel to bring financial literacy and freedom to more everyday people.

“Benzinga is on your side,” he said. “We are for the people, by the people. We are just getting started.

Pictured above, from left to right, Ligia Kennedy, Nick Robinson, Jason Raznick, Renato Capelj and Michael Murray.

Louis R. Hancock