<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Northstartup &#187; vc</title>
	<atom:link href="http://www.nesota.com/blog/archives/tag/vc/feed" rel="self" type="application/rss+xml" />
	<link>http://www.nesota.com/blog</link>
	<description>Entrepreneurship in the North Star State</description>
	<lastBuildDate>Sat, 09 Jul 2011 19:31:59 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<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>

		<guid isPermaLink="false">http://www.nesota.com/blog/?p=17</guid>
		<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>
]]></content:encoded>
			<wfw:commentRss>http://www.nesota.com/blog/archives/17/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

