(Detroit Free Press) — To a cheering crowd of Quicken Loans employees and other supporters, Earvin (Magic) Johnson announced Thursday that he’s joining Quicken Chairman Dan Gilbert’s venture capital fund to remake Detroit as an entrepreneurial hub. ”This is a tough time for the state but we’re going to bring it back one day at a time, one investment at a time,” Johnson said. Johnson said he was writing “a big check” to join Gilbert’s Detroit Venture Partners, and while he wouldn’t reveal the amount, he confirmed that it was in the millions of dollars. He added that he planned to take an active role in making investment decisions with Gilbert and DVP’s two other partners.
