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Traffic blocked for Highway 42 northbound at I-43 intersection due to tipped tanker truck

TOWN OF SHEBOYGAN, WI (WHBL) -  Traffic is closed to part of the I-43/Highway 42 intersection due to a tipped tanker truck at one of the roundabouts. The incident occurred around 9:45 this morning on the south roundabout, the one closer to Texas Roadhouse and Hardees.  Sheboygan County Sheriff's Sgt. Doug Tuttle said the situation is not hazardous and no major leakage from the tanker is taking place. For now, all traffic on Highway 42 towards Howards Grove at the roundabout is clo...

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Canvas Venture poaches NEA partner Paul Hsiao

SAN FRANCISCO (Reuters) - Canvas Venture Fund, an early-stage investment firm spun out of established venture player Morgenthaler Ventures, has landed its first general partner from outside the Morgenthaler fold.

Paul Hsiao has left behemoth New Enterprise Associates to join the new firm, Canvas said on Wednesday. At NEA, Hsiao worked on enterprise software companies such as Boingo Wireless Inc, digital publisher Say Media and commercial online realtor 42Floors.

Morgenthaler spun Canvas off last year to focus on early-stage software companies. Its inaugural fund, which has $175 million in cash, invested in such holdings as wealth-management company FutureAdvisor, customer-engagement monitor Totango and doctor-patient relationship tool HealthLoop.

Canvas Venture's existing general partners are Rebecca Lynn, Gary Little and Gary Morgenthaler, who remain partners at Morgenthaler. NEA often co-invests with Morgenthaler.

(Reporting by Sarah McBride; Editing by Jan Paschal)

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