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	<title>Northstartup &#187; minnesota</title>
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	<description>Entrepreneurship in the North Star State</description>
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		<title>Startups from the Goalie&#8217;s Perspective</title>
		<link>http://www.nesota.com/blog/archives/55</link>
		<comments>http://www.nesota.com/blog/archives/55#comments</comments>
		<pubDate>Fri, 09 Oct 2009 05:08:40 +0000</pubDate>
		<dc:creator>Jeff</dc:creator>
				<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[minnesota]]></category>
		<category><![CDATA[hockey]]></category>

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		<description><![CDATA[I was standing in the net, and it suddenly occurred to me: my team was much better than I thought they were.  That was a complete change in conclusion from just a few minutes prior.  I couldn&#8217;t help but notice the similarities to a startup.  How good is your startup&#8217;s team, really?  How good is [...]]]></description>
			<content:encoded><![CDATA[<p>I was standing in the net, and it suddenly occurred to me: my team was much better than I thought they were.  That was a complete change in conclusion from just a few minutes prior.  I couldn&#8217;t help but notice the similarities to a startup.  How good is your startup&#8217;s team, really?  How good is the competition&#8217;s team?</p>
<p>It was just over halfway through a game of pick-up hockey at the Breck Ice Arena in suburban Golden Valley, Minnesota.  Since I was playing goalie, I had just swapped nets with the other goaltender.  In pick-up hockey the teams are assigned randomly by splitting a jumbled mess of sticks prior to the game.  The goalies switch sides halfway through the game to lessen the goaltending bias.</p>
<p>As the goalie, I got to see both teams play, and I was able to count each group as my teammates.  At the beginning of the game, I thought that my first team (&#8221;lights&#8221;) was dominating the other team (&#8221;darks&#8221;).  The puck was on the other end of the ice for what seemed like most of the time, and the shots I did face were easily manageable.  The only goal I allowed in the first 45 minutes was on a rebound after I made a save on a breakaway.  In contrast, the other goalie was being lit up with shots and goals.  With the time to switch sides drawing near, I was a little disappointed by the prospect of leaving the dominating team and joining the dominated group.</p>
<p>I was wrong.  Oh, how I was wrong.</p>
<p>I switched sides and&#8230; nothing.  I just stood there.  Even fewer shots came my way, and when the puck did manage to make it into my defensive zone, it was gone again within seconds.  The makeup of the teams, other than the goalies, had not changed, but my perception had.  I realized that those I had believed to be the dominated were  in fact the dominators.</p>
<p>How could that have happened?  For one thing, during the second half, I had an accurate external reference (a clock) to inform my perception of the game.  As a goalie, I tend not to notice the passage of time while the puck is in my zone, but when it&#8217;s on the other end of the ice, time slows to a crawl.  For another, I had misjudged the talent of the individual players.  I had believed that the players on my first team were better than they really were simply because they were on my team; ipso facto, they had to be the best players on the ice.</p>
<p>So it goes with startups.</p>
<p>A startup is like a sports team.  You&#8217;re playing against other startups.  Even though all of the players might be acquaintances, some are known better than others, and some have reputations that have become larger than life.  The upshot is that it can be difficult to judge the skill possessed by the other company without experiencing it firsthand from the inside.  Are the engineers superstars or mere mortals?  Does management have it together?  How good is their plan?  Was their highly publicized misstep actually inconsequential?  Likewise, it can be nearly impossible to accurately assess the states of the competition&#8217;s products.   Are they launching tomorrow?  Are they having trouble gettng started?  Have they run into major problems?  Are they pimping vapor?  You just don&#8217;t know.</p>
<p>Competitive intelligence can be useful, such as that obtained by interviewing mutual industry contacts (this is done in the medical device field quite often).  Investors, too, are well connected.  Job postings can tell you a lot. Social encounters might also be informative.  So can the lack of them &#8212; are all of the competitor&#8217;s employees working late instead of partying?</p>
<p>Ultimately, the best you can manage is a guess.  But when you guess, don&#8217;t underestimate the other team or overestimate your own.</p>
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		<title>Minnesota scene</title>
		<link>http://www.nesota.com/blog/archives/17</link>
		<comments>http://www.nesota.com/blog/archives/17#comments</comments>
		<pubDate>Tue, 11 Aug 2009 21:12:14 +0000</pubDate>
		<dc:creator>Jeff</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[minnesota]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[vc]]></category>

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		<description><![CDATA[A few Twin Cities startups are alive and kicking, so says an article in Monday&#8217;s StarTribune.  And not just the usual med-tech ventures one expects in Minnesota, such as Apnex; the companies featured in the story were web/mobile firms incubated in Y Combinator: FanChatter and Socialbrowse.
While I&#8217;m skeptical about the long-term viability of any company [...]]]></description>
			<content:encoded><![CDATA[<p>A few Twin Cities startups are alive and kicking, so says an <a href="http://www.startribune.com/business/52719012.html">article</a> in Monday&#8217;s StarTribune.  And not just the usual med-tech ventures one expects in Minnesota, such as <a href="http://www.apnexmedical.com/">Apnex</a>; the companies featured in the story were web/mobile firms incubated in Y Combinator: <a href="http://www.fanchatter.com/">FanChatter</a> and <a href="http://socialbrowse.com/">Socialbrowse</a>.</p>
<p>While I&#8217;m skeptical about the long-term viability of any company that rests upon social interaction, Facebook included, I applaud the efforts of FanChatter and SocialBrowse to get something going in the Minnesota startup scene.  Sure, there are some others worth mentioning.  A quick Crunchbase search for <a href="http://www.crunchbase.com/search/advanced/companies/51311">companies in the Minneapolis area</a> pops up a few familiar names, like GasBuddy and TinyUrl, but that pales in comparison to the wealth of startups in Silicon Valley.</p>
<p>I spent the past few years living in Palo Alto, and I have witnessed first-hand how pervasive entrepeneurship can become in a culture.  Out in Silicon Valley, it&#8217;s a badge of honor to be working at a startup.  Out in Silicon Valley, everybody seems to know at least a few VCs.  Out in Silicon Valley, there&#8217;s an extensive support structure for entrepreneurs and their fledgling companies.  Minnesota has a ways to go.</p>
<p>In Minnesota, it seems that most residents don&#8217;t even have a clear understanding of the word &#8220;startup.&#8221;  They smile and nod, because they&#8217;re Minnesota Nice, but the concept evades them.  I&#8217;d like to see that change.</p>
<p>Part of the trouble is that the Twin Cities are often thought of as a med-tech innovation center.  Other subjects might get short shrift.  I have a background in medical devices, but I&#8217;m not qualified (yet) to lead such a venture, so I prefer to focus on smaller IT-type ideas, even those small enough to be bootstrapped.</p>
<p>Here are some resources and entrepreneurial resources that might be of use to Minnesota startups:</p>
<ul>
<li>VCs: <a href="http://www.splitrock.com/">Split Rock Partners</a>, <a href="http://www.rainsourcecapital.com/">Rain Source Capital</a>, the yet-to-be-launched Altavail Partners, others listed at the <a href="http://www.mnvca.org/membersites.html">MVCA</a></li>
<li>Competitions/Demo Days: <a href="http://minnedemo.org/">MinneDemo</a>, <a href="http://www.breakthroughideas.org/page/1/About-MN-Cup.jsp">Minnesota Cup</a></li>
<li>Companies: <a href="http://www.crunchbase.com/search/advanced/companies/51311">Crunchbase listings</a></li>
<li>Organizations: <a href="http://www.mhta.org/">Minnesota High Tech Association</a>, <a href="http://www.getstem-mn.com">getSTEM</a></li>
</ul>
<p>If anybody is interested in a Minnesota HN-type meetup, <a href="mailto:pr--at--nesota--dot--com">let me know</a>.  Also, feel free to pass along any information to add to the list.</p>
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