We’ve been busy! Since our December newsletter, we have several new investments that are closed or near closing, 20 new people (5 staff and 15 advisors) that have joined our team, and a new bootcamp on Exponential Technology & Leadership. This newsletter provides further details on each of these topics and more!
New To Portfolio
The focus of entrepreneurs and investors alike in making last mile delivery more efficient through utilization of current mobile technology has largely been in servicing B2C companies in areas such as grocery and food delivery. The traditional B2B last mile delivery space generally occupied by regional courier providers or private fleets has largely been untouched by new entrants.
Combining this lack of utilization of new technology along with the “instant gratification” pressure that consumers are bringing from online retail into the local trades and the B2B last mile delivery space is ripe for disruption. HVAC, electrical and plumbing contractors are challenged with consumers expecting same-day installation or repair of their home appliances and mechanical equipment. Often times the systems needing to be repaired or replaced require components not stocked on the service van. Courier services are therefore being leveraged by progressive contractors to capture these same-day sales.
Dispatch’s product is a software platform which provides suppliers with the ability to utilize the Dispatch app and backend to enter deliveries in their local market which are picked up by independent contractors and delivered to the suppliers’ customers, most commonly in B2B segments like HVAC, auto parts, plumbing, electrical, etc. Customers win by increased visibility into the delivery of the product they order and with similar costs as they typically pay for standard courier services. What Uber has done to the taxi market, What Uber has done to the taxi market, Dispatch has the ability to do to the courier market, which is largely untouched by B2C-oriented last mile delivery competitors.
Upcoming Startup School Events (those further out are listed on our website)
Exponential Technology & Leadership Bootcamp
Date: Thursday, March 8th from 8:00am to 5:00pm
Instructor: Ryan Weber (Managing Partner of Great North Labs)
Location: Great North Labs Office, 305 5th Ave S Suite 150, St. Cloud, MN 56301
Description: Develop leadership & technology expertise to unlock exponential growth:
- Learn how to define bold new ideas for your startup, company or non-profit
- Learn about disruptive technologies so you and your organization aren’t blind-sided by other startups
- Develop new techniques for adapting to rapid change in your start-up, company or non-profit
Open to students and business professionals of any type, profit or non-profit, high-tech or no-tech. Find more information and apply here.
Lean Startup Bootcamp (3 Days)
Dates: Tuesday (4/10), Tuesday (4/17), and Tuesday (4/24) from 6pm to 8:30pm
Instructor: Ryan Weber (Managing Partner of Great North Labs)
Location: Great North Labs Office, 305 5th Ave S Suite 150, St. Cloud, MN 56301
Description: Learn, and begin applying, the lean startup practice so that you can eliminate waste in planning and growing your startup.
Open to students and small business professionals of any type, profit or non-profit, high-tech or no-tech. Find more information and apply here.
Minnebar – 3 Sessions by Great North Labs
Date: Saturday, April 14th from 8am to 5pm (30 to 50 minute sessions, session times not yet posted)
Location: Best Buy HQ
- Session 1: Exponential Technology & Leadership – Ryan Weber
- Session 2: How Entrepreneurs Are Impacting Cities – Rob Weber
- Session 3: How Running Lean Can Help You Raise Capital – Ryan Weber
To register, visit Minnebar’s website and sign-up to attend the conference and then navigate to all sessions and select the Great North Labs sessions that interest you here.
KPIs/Key Milestones
New advisors
- Sona Mehring – Founder and former CEO Caring Bridge, Board Member at Minnestar
- Rick Ehrman – VP and Head of Corp Dev Sports Engine, previously worked at Univision Communications, NBCUniversal, and GE
- Jonathan Ozeran – Director of Product, Tempus; and Co-Founder, WUF; previously worked at Zest Health and Yello
- Brian Schoenborn – Partner and Co-Chair of Sports and Entertainment Business, Stinson Leonard Street; Founding Owner, Sioux Falls Stampede (USHL)
- Björn Stansvik – Founder and CEO MentorMate
- Matt Blodgett – Managing Director Vector Capital; Enthusiastic Investor in MN Tech Companies; Proto Labs (Former Board Member) and NativeX (former Board Observer)
- Corey Koskie – Entrepreneur, former MLB player (Twins, Blue Jays, Brewers) and Planet Fitness franchisee
- Jeff Hinck – General Partner at Rally Ventures, formerly Board Member at SportsEngine and Compellent
- Don Krantz – Board Member at Proto Labs, Associate at Digi Labs, Board Advisor for RSAM (Robotic, Sensors, and Advanced Manufacturing) area of MnDrive, formerly EVP and Technology Officer at Proto Labs
- Shivani Khanna Stumpf – CTO at Hoonuit (fka Atomic Learning), formerly Sr. Director of Product Management at SPS Commerce and Engineering/Product Manager at SportsEngine
- Nicholas Kartos – Co-founder/CEO at GymDandy, formerly Director of Media and Advertising at SportsEngine and Founder at Wisconsin Sports Network
- Bobby George – CEO at Montessorium
- Brian Bispala – Co-Founder at Aftercode, formerly Director at Foodsby and Co-Founder of Code 42
- Robert Bodor – VP and General Manager, Americas at Proto Labs; formerly Strategy and Business Development at Honeywell
- Bradley Schaufenbuel – CISO and VP at Paylocity
Speaking Engagements
- In January, Rob gave a keynote presentation, “How Entrepreneurship Is Impacting Cities” at the Winter Institute annual conference in St. Cloud.
Help Wanted/Asks
- Help us get the word out about our upcoming bootcamps and now-active fund.
- Do you know anyone that is interested in sharing investment opportunities with Great North Labs? Get in touch!
- Register for Minnebar and favorite our three sessions: Exponential Technology & Leadership, How Entrepreneurs Are Impacting Cities, How Running Lean Can Help You Raise Capital
Excited by a quick start to 2018! Looking forward to collaborating with you all!
The Great North Labs Team
April Newsletter
June Newsletter
Demystifying Startup HR
Head of Finance & Fund Administration- Venture Capital Firm (Remote)
Demystifying Startup HR
3 Portfolio Companies Make Inc. 5000 + Quicklly & Instacart Expand
iraLogix closes $22M + Branch expands with Uber
iraLogix closes $22M Series C
Flywheel lands Gates Foundation grant
Venture Capital Analyst
Orazio Buzza, Founder and CEO of Fooda – on Episode 13, “Execution is King”
$40M Fund II Raised!
Eric Martell, Founder of Pear Commerce: Episode 13, Execution is King
Great North Ventures Raises $40 Million Fund II
Investment Thesis: Fund II Strategy
Investment Theme: Community-Driven Applications
Investment Theme: Digital Transformation Through AI
Investment Theme: Solving Labor Problems
Trends in the Gig Economy + Work in the Metaverse
Portfolio raises $125M + talking fundraising with Branch CEO
Omnia Fishing closes $4M round, joins Great North portfolio!
Atif Siddiqi, Founder/CEO of Branch: Episode 11, Execution is King
Michael Martocci, CEO and Founder of SwagUp: Episode 10, Execution is King
Yardstik new to portfolio, closes $8M Series A
First venture studio startup comes out of stealth!
Insights for founders from a data guru, + FactoryFix raises a Series A!
Una Fox: Episode 9, Execution is King
Start With a Mobile App, Not a Website
2ndKitchen acquired by SoftBank-backed REEF + advice from an early Googler
Joe Sriver, 4giving: Episode 8, Execution is King
2ndKitchen Acquired by REEF
Venture studio startup jobs + advice for founders from founders
Best Advice from the Great North Annual Event: Episode 7, Execution is King
Newsletter: Do you fit our investing themes?
Jonathan Treble, PrintWithMe: Episode 6, Execution is King
Anna Mason, Revolution: Episode 5, Execution is King
Mynul Khan, FieldNation: Episode 4, Execution is King
Nick Moran, New Stack Ventures: Episode 3, Execution is King
Molly Pyle, Center on Rural Innovation (CORI): Episode 2, Execution is King
Justin Kaufenberg, Rally Ventures: Execution is King Episode 1
Newsletter: “Podcast Launched: Execution is King!”
“Execution is King” – the Great North Ventures Podcast
Newsletter: Fund II is open for business!
Unlocking the Potential of Anonymized Commercial Real Estate (CRE) Data
Fund II is open for Business!
Mike Schulte Promoted to Venture Partner
New Name + New Venture Studio
Great North Launches Startup Studio
We Don’t Need No [full-time MBA] Education
How the University of Minnesota is Embracing Startup Culture
Top Stories of 2020, iraLogix, and LaunchMN Calls for Mentors
Building Capacity for Innovation
Seizing Opportunity in a Recession, Allergy Amulet, and Twin Cities Startup Week
Recessionary times, a record-setting IPO, and Minnesota’s Resilient Startups
Minnesota's Resilient Startups
July 4th, Equitable American Dream-ing, and Robots Diagnosing COVID
Jumpstart, the Startup School, and Branch Wins a Webby!
COVID-19 Trends, the Great North response, and our Founders Survey
Giving in the Time of Coronavirus
COVID-19 Resources for Startups, State-by-State
COVID-19, the CARES Act, and startups stepping up
New Business Preservation Act
Digital Future Boardroom, PartySlate, and The Lean Startup School
Great North Labs’s Startup Summit 2020
Great North Labs's Startup Summit 2020
World Economic Forum, NoiseAware, and the Startup School reboot
Great North Labs at the World Economic Forum 2020 in Davos
Top 5 Stories of 2019
Taking the Founders Pledge, Inhabitr, and gBETA Pitch Night
Founders Pledge: Support the Organizations that Support You
BETA Showcase, Greater MN, and Launch MN comes to St. Cloud
7 Places to Spot Us at Startup Week
The Greater MN Meetup, Parallax, and Exponential Medicine
Greater MN at the big show, Neela Mollgaard heads Launch MN, and Misty’s roadtrip.
Talking VC, tech kids, and Forge North’s Horizon
June: Great North Labs’s first fund raised!
May: Innovation Ecosystems, SingularityU Kickoff, and PrintWithMe
April: Minnebar Recap, ZenLord Pro, and Supporting Entrepreneurs
MinneBar 14 Recap
Dispatch and 2ndKitchen claim Tech Madness titles
Minnesota Innovation Collaborative
March: Minnebar, Hockey + Hustlers, and Innovation Workshops
Great North Labs at CES
Dec.-Jan.: Top Posts from 2018, pepr, Glowe, and Misty Robotics
Carried Interest: Top Posts from 2018
Oct.-Nov.: Singularity University, Exponential Tech, and the State of Innovation
Digital Transformation Summit, July 25th in Minneapolis
June: Silicon Lakes, FactoryFix, and the Digital Transformation Summit
Putting the “Silicon” in Silicon Lakes
Digital Manufacturing and Logistics
May: Team Genius, IoT, and the Future of Everything
IoT 3.0
Healthcare Innovation
March: Exponential Tech, the “Goldilocks Zone”, and Minnebar 13
February: Team Expansion, Dispatch, and Startup School Events
Great North Labs Newsletter – December 2017
A Letter To My Younger Self
Great North Labs Newsletter
Great North Labs Featured on Tech.mn
Great North Labs Featured in St Cloud Times
Great North Labs – Featured on BizJournals.com
