It’s a wrap for Twin Cities Startup Week (TCSW), Minnesota’s largest annual startup event. How big is it? In 2019 the event attracted 17,000 people to over 200 sessions. This year, the event stretched nearly a month as it went virtual for the first time.
Startup Competition Winners
One of two big competitions during TCSW is the MN Startup Awards, a joint venture between Tech.MN and TCSW. The winners this year included Canomiks (Emerging Startup), Maddy Kennedy (Impact Award), BetterYou (Operational Excellence) SayKid (Voyager Award), Black Tech Talent (The Inclusive Evolution Award), and Target Accelerators Team (Corporate Champion).
Great North Labs sponsored the 10K Lakes Award for Greater Minnesota for the second year in a row, which recognizes work supporting startups in Greater MN. MN Cup took home the award this year!
We are proud to support MN Cup through our Founders Pledge, where Rob Weber also judges the High Tech division, and are pleased with the recognition of their success. MN Cup wound up their own competition on Sept. 23rd, with top honors going to BlueCube Bio.
The other big competition of TCSW is the BETA Showcase, which routinely attracts 800+ attendees. This year featured 21 startups, including 7 startups from Greater MN. The winner of the coveted Golden iPod was Bibliate, a Minneapolis-based provider of academic research summaries.
gBETA Greater MN-St. Cloud
The accelerator program gBETA Greater MN-St. Cloud has announced its fall class. The class includes startups from around the state. Sproutary is from Kimball, Shrpa is from Rochester, LegalMaps is from Edina, and Live.Give.Save is from Red Wing.
This class has some accomplishments under its belt already, as Shrpa took home 2 dedicated awards form MN Cup this year, and Live.Give.Save is the winner of last year’s inaugural 10K Lakes Award.
$2M Pitch Competition for Black founders
Revolution’s Rise of the Rest (ROTR) is partnering with Opportunity Hub, 100 Black Angels & Allies, and Morgan Stanley’s Multicultural Innovation Lab to fund Black-founders via the “Rise of the Rest Virtual Tour: Equity Edition”. $2M in investments will go to the top 3 companies.
Please share this event with your network! It’s a great opportunity for Black founders in the Upper Midwest to connect with investors and resources, and to have a chance at a big check! Great North Labs has partnered with ROTR to help connect capital with Black founders, and Rob Weber be taking pitch meetings during the event.
Great North Labs + Vikings Football = $$ for Minnestar
For every point the Vikings score this season, we are matching up to $5 in donations to Minnestar! Give as little as 10 cents per point, and know that it will be matched, benefitting one of Minnesota’s top startup support organizations.
The campaign started on September 1st (when the Vikes were 0-0) and continues until the day after the Super Bowl, because hey, you have to believe! This campaign is through local startup ScoreSide, which connects sports with philanthropy.
It’s important to support the organizations that support our startups. Times are challenging. While we believe there’s a shortage of early-stage capital in the region, we also think that right now is a great time to build a startup.
Events
Here is a mix of upcoming events, for investors, founders, and/or ecosystem supporters. All events are virtual unless otherwise noted.
- Oct. 1st, Flyover Tech Fest. Based in Iowa, this is a Midwest-centric event for tech startups seeking support, development, and funding.
- Oct. 8th, 2020 TedX St. Cloud. This year is focused on personal transformation.
- Oct. 20th + 22nd Innovation Expo Rapid City, SD, and Sioux Falls, ND. These are hybrid events, with in-person and virtual options.
- Oct. 23rd, LaunchMN Friday Forums: Angel Tax Credit Program. All about the tax credit for MN angel investors.
- Nov. 3-4th, 2020 Enterprise Rising. Casey Allen’s annual event for enterprise SAAS startups.
- Nov. 9-11th, Wisconsin Early Stage Symposium. Speakers, panels, and networking plus opportunities to connect investors and founders.
Portfolio News
River’s Edge participates in new robotic technology pilot program for screening COVID-19. Misty the robot is being used to screen hospital employees for COVID-19.
PrintWithMe Announces National Partnership With Trammell Crow Residential. PrintWithMe has inked a deal with one of the nation’s largest developers of multifamily apartments.
Job Board
Dispatch is hiring a Business Development Representative and Manager, Account Management in Bloomington, MN; a Ruby Developer and Senior Ruby Developer for Remote work. Also Territory Sales Managers in Arlington, VA, Baltimore, MD, and Washington D.C.
FactoryFix is hiring a Team Lead – Full Stack Developer, Full Stack Developer, and Infrastructure Developer- DevOps in Madison, WI; and a Sales Development Representative in Chicago, IL, Indianapolis, IN, or Madison, WI.
PrintWithMe ishiring Regional Sales Directors on the East Coast and in Texas; AR/AP Specialist and Operations Lead in Chicago, IL; VS/SVP of Operations, Marketing Director, Part-Time Customer Service Representative, Inside Sales Executive and a Fall 2020 Strategy Intern (MBA) for Remote work.
Parallax is hiring an Experienced Product Designer in Edina, MN.
Branch is hiring a Data Platform Manager, Senior Software Engineer, Customer Success Manager, Customer Support Rep, Enterprise Support Specialist, and Fraud Agent in Minneapolis, MN.
Inhabitr is hiring a Chief Growth Officer/Head of B2C Growth, and a Sales and Customer Experience Associate in Chicago, IL.
NoiseAware is hiring a VP of Global Sales & Customer Experience, Embedded Developer, QA Technician (independent contractor), Account Manager, and a Customer Advocate in Dallas, TX.
With unemployment soaring, small businesses shuttering, and even some large chains withholding rent, the effects of the COVID-19 pandemic are reverberating through our communities. Many people wait on relief from the government in the form of stimulus payments and unemployment benefits. Businesses scramble to secure emergency loans, payroll support, and new ways to gain revenue. Oftentimes lost among other dire news is the plight of nonprofits and charities, who languish as donations dry up and revenue-producing events are put on hold.
Cash and Equity Giving
Jack Dorsey’s $1 billion equity pledge is an eye-catching reminder of how important it is to support these causes and organizations now if you are able to. Many are dependent on revenue from events that can’t happen and donations from disposable income that has evaporated. Our Founders Pledge is built on the idea of baking giving into your venture as part of your short-term and long-term financial plans, to support your community, and to support the organizations that support you with a mix of cash and equity giving.
One nonprofit that can use your support at this time is the CentraCare Foundation. From now until May 30th, your donation to the COVID-19 Emergency Response Fund will be doubled, due in part to a gift from our partners Ryan and Rob Weber.
Time and Effort Giving
During this time many businesses and leaders have risen to the challenge to support their communities through non-cash/non-equity donations. Our portfolio companies are also active in the fight, supporting local businesses, hospitals, and healthcare workers on the frontline. Here are four examples of their work.
1. Dispatch launched same day delivery for local businesses. This service aims to help alleviate supply chain difficulties during the pandemic
2. 2ndKitchen launched a new service to offer delivery for bars and breweries. This is a lifeline for these businesses when they have to be closed, with 2go allowing bars and breweries to sell beer, food, and merchandise for pickup or delivery- for free.
Clinician Nexus partnered with MN COVIDsitters to provide the technology platform that connects volunteer medical students with healthcare workers to provide free childcare during the pandemic.
4. PrintWithMe is holding a Face Mask Drive. The face masks, unused N95 masks as well as simple surgical masks, are being supplied to Chicago-area hospitals.
Giving for a Better Future
In consideration of the pandemic, the Webers have expanded the list of colleges they support to include North Hennepin Community College (NHCC), one of the largest Minnesota State colleges serving a very diverse student body with many low-income students. Ryan and Rob are alumni of NHCC, where they gained the skills that helped them bootstrap their own startup.
The Webers have donated $10,000 to NHCC’s Foundation to directly aid Graphic Design students studying product design, a program they see as well-positioned to fill the large UI/UX design talent gap in Minnesota and the surrounding region. Their support of this program goes beyond money to include volunteering as mentors, promoting awareness of NHCC’s Graphic Design program, and using their networks to help students connect with internships and employment opportunities.
We continue to support and evolve our own educational initiative aimed at filling the gap of disciplined startup education in the region, formerly known as the Great North Labs Startup School. The programming is now known by a variety of names, and collectively as the Lean Startup School. The new iterations have come about by partnering with Red Wing Ignite and ILT Studios. These partners have allowed us to develop the programming as a white-label offering to communities around the state, with a particular emphasis on Greater Minnesota. There are two cohorts currently, in St. Cloud and Red Wing, with more planned for the future.
We will get through this crisis, one way or another. Whether or not the federal government gets behind legislation that supports startups with an influx of capital, such as the New Business Preservation Act, there is a broad community of entrepreneurial support and a healthy, growing startup ecosystem in the region. We will continue to cultivate transformative innovations, successful entrepreneurs, and tech startups in the Upper Midwest!
Valuable startup ecosystem organizations we support include MN Cup, Beta.MN, Minnestar, SCSU University Foundation, College of St. Benedict and St. John’s University, Greater St. Cloud Development Corporation, gBETA Greater MN-St. Cloud, SingularityU Minneapolis-St. Paul, and Silicon North Stars. If you also find them valuable and you are able, please consider giving to them during this time of need!
Welcome back to the Great North Labs newsletter! 2019 has been a big year for us. We invested $5.7M in 10 startups, including six in Minnesota, three in Illinois, and one in Wisconsin. That brings our totals to date to $8M in 18 early-stage startups throughout the upper Midwest, and one in Colorado.
Other than investing, the past year has been full of great events, important developments, and growth. Here are our top 5 stories of 2019.
Top 5 Stories of 2019
1. The year started with a bang, as we closed our debut fund. Our $23.7M raise is one of the largest debut venture funds ever raised in the Midwest. You can read about it on our site, at VentureBeat, or here, here, here, here, here, and elsewhere.
2. Minnebar is one of the largest tech gatherings annually in Minnesota. Put on by Minnestar, the bar camp (similar to an un-conference) attracted 1,700 local tech professionals to Best Buy HQ. Not only is it a popular event, it’s a fun event to present at. Read our recap.
3. Launch MN took off with Red Wing Ignite alumnus Neela Mollgaard at the helm. The MN DEED initiative aims to grow the innovation ecosystem around the state (their application for education funding grants has recently been extended to January 17th, FYI). Watch Great North Labs’s Ryan Weber speak to state legislators and Gov. Walz at the Launch MN Kickoff.
4. Twin Cities Startup Week was a huge success this year, with 16,000 attendees and over 200 events. We partnered with TCSW organizer BETA.MN to expand the BETA Showcase to include Greater MN for the first time. 10 startups from Greater MN exhibited, and ecosystem supporters from around the state were brought together beforehand at the Greater MN Meetup. Read more in our newsletter here, and about all of the other things we did during TCSW.
5. Finally, our year has ended with a call to giving. We’ve challenged the startup community to commit to a founders pledge, to ensure the support of the nonprofits that support founders. It’s a virtuous cycle, and we want to see it become a part of our startup ecosystem. Read more about the founders pledge here.
Also, consider donating to Minnestar at this time. Our advisor, Daren Cotter, is currently matching donations up to $10k!
“I am interested in paying it forward to the MN Tech community that has been so much a part of the success of InboxDollars. I support Minnestar’s mission and the dedicated people who are executing it every day.
I truly believe that vibrant and growing tech community benefits all its stakeholders. Minnestar and its excellent team are dedicated to executing this mission every day, and I’m proud to support them. I’m excited to see our community continue to grow, and I hope this match campaign will be a small part of that! I can’t wait to see what the great entrepreneurs and technologists in MN are going to build next.” –Daren Cotter (via Minnestar)
Events
The holidays are a busy time for everyone! If you find some time between family and friends, here are some events worth attending:
- TONIGHT! -Dec. 19th- gBETA Greater MN-St. Cloud Pitch Night in St. Cloud, MN. We are proud sponsors of this accelerator, and are excited to see the first cohort’s pitch night, from the very first accelerator based in Greater MN!
- Jan. 7-10- CES in Las Vegas, NV. This is the annual conference by the Consumer Tech Association. It attracted 175,000 attendees last year!
- Jan. 9th- Founders Live Minneapolis in Minneapolis, MN. “An unforgettable happy hour experience. 5 startups pitch their business, but YOU decide who wins. It’s like Shark Tank, for the locals.”
- Jan. 30th- One Million Thanks in Fargo, ND. “1 Million Thanks is an evening program dedicated to celebrating the incredible things that entrepreneurs do in our community.” Put on by our friends at Emerging Prairie.
- Feb. 20- MinneDemo: Back to Campus in Minneapolis, MN. This showcase highlights students and recent grads.
Portfolio News
Clinician Nexus is the newest addition to the Great North Labs portfolio. Read about their $1.5M round in the Star Tribune. Clinician Nexus provides health systems, schools, and students with a transparent, people-centered platform that facilitates better clinical rotation management, from start to finish.
Job Board
Dispatchis hiring all over the country for Part Time Drivers and in Bloomington, MN for a Biz Dev Representative, Data Scientist, and CFO.
Structural is hiring an Associate Software Engineer in Indianapolis or St. Paul, MN.
TeamGenius is hiring a Sales Associate in Minneapolis.
FactoryFixis hiring a Software Engineer, Product Designer, and UX Designer in Madison, and a Biz Dev Specialist and Account Manager in Chicago.
Misty Roboticsis hiring a Lead Qualification & Inside Sales Specialist, and a Inside Sales Specialist (contract) in Boulder, CO.
2ndKitchen is hiring a Customer Success Manager, Account Executive, and Director of Sales in Chicago.
PrintWithMe ishiring a Customer Success Associate, Network Operations Specialist, Inside Sales Executive, and an Operations Lead in Chicago; Super User Technicians in Portland and Houston; and a Regional Sales Director for the West Coast.
Parallax is hiring a Customer Success Specialist, Quality Assurance Engineer, Senior Software Engineer, and for a Growth/Customer Acquisition role in Minneapolis.
Branchis hiring a UX Designer, Content Marketing Manager, Settlement Analyst, Software Engineer, Customer Support Agent, Customer Success Manager, and a Senior Backend Engineer in Minneapolis.
Happy Thanksgiving, and welcome back to the Great North Labs newsletter!
This is the perfect time of year to reflect on what we are thankful for, and for giving back. We are most thankful for our investors, our advisors, and our portfolio companies, of course! They are the reasons we exist, work, and succeed.
We are also thankful for the developing startup ecosystem in Minnesota and the Upper Midwest. There have been great developments recently like the Launch MN Initiative, the first Greater MN accelerator, and one of the largest seed funds ever raised in the Midwest!
There is still a need to improve. There are valid and pressing worries about the creation, automation, and distribution of jobs. Innovation and startups are increasingly important to our future. Did you know that from 1980-2010 about half of all jobs created in the US were from high-growth startups?
Founders Pledge
That is why we are challenging founders in Minnesota to make a Founders Pledge! The Founders Pledge is an international movement of founders dedicating equity to support nonprofits. This is a way for cash-strapped founders to provide impactful contributions to organizations they find important.
There are several existing structures and organizations, but basically, to make a Founders Pledge startup founders donate a portion of their future proceeds to local nonprofits. They give support to the organizations that support them. If the Founders Pledge becomes ingrained in the culture of our startups, it will create a virtuous cycle between successful startups and the people and organizations that help them succeed.
Supporting the Startup Ecosystem
According to research on early-stage entrepreneurship from the Kauffman Foundation, Minnesota is lagging behind on 4 key indicators of success. Our rate of new entrepreneurs, opportunity share of new entrepreneurs, startup early job creation, and startup early survival rate are all below average, with our composite score putting us at 46th compared to the rest of the US.
Nonprofits are a vital part of supporting early-stage entrepreneurship, and creating favorable outcomes for founders. By contributing to their success, founders can increase the chances of their own and future startups’ success. Join the movement and Great North Labs in making a Founders Pledge!
Events
The holidays are a busy time for everyone! If you find some time between family and friends, here are some events worth attending:
- Dec. 3rd- Medical Alley & AtriCure Networking Social. “This event brings the Twin Cities bioscience players together for expanding your network, hearing about exciting innovation and career opportunities. Appetizers, beverages, demos and tours of AtriCure’s MN facility will be provided.”
- Dec. 9th- FASTCON at the Science Museum in St. Paul. “The first-ever MinneAnalytics Data Science and Tech Conference focused on Food, Ag, Supply Chain, and Sustainability”
- Dec. 11th- Global Conversations: The Global Pulse of Minnesota. “Join a discussion with Global Minnesota’s President Mark Ritchie as he looks back over the evolution of Minnesota as one of the leading international regions, provides a snapshot of key indicators of the current global pulse of the state, and looks ahead at challenges and opportunities as we approach 2020.”
- Dec. 11th- Lunar Startups Lunch and Learn. “Lunar Startups is launching Cohort 3 in March 2020. Join us to learn more about the criteria, how to apply and our process for selecting startups.”
- Dec. 17th- TCB Mag 100 People to Know in Minneapolis. This annual event is a fun networking gathering put on by Twin Cities Business.
- Dec. 18th- MinneAMA- Hiring Junior Devs 101. Minnestar’s monthly virtual AMA session will feature Matt Decuir, founder of Invisible Network and Minneapolis Junior Devs.
- Dec. 19th- gBETA Greater MN-St. Cloud Pitch Night in St. Cloud, MN. This is the first cohort’s pitch night from the very first accelerator based in Greater MN!
Portfolio News
Inhabitr closed a $4M dollar series A round, led by Great North Labs. The news of the Chicago-based furniture rental platform was covered in TechCrunch, and in this piece by ChicagoInno.
2ndKitchen closed a $4.35M round. This startup connects restaurant kitchens with kitchen-less venues, such as bars and breweries. Investors included Hyde Park Venture Partners, Math Ventures, and M25.
Dispatch was named to CNBC’s Upstart 100, which includes “100 of the world’s most promising start-ups to watch in 2019”. Congratulations to the Dispatch team!
Job Board
Dispatch is hiring all over the country for Part Time Drivers and in Bloomington, MN for a Biz Dev Representative, HR Manager (Remote OK), Data Scientist, and CFO.
Structural is hiring an Associate Software Engineer in Indianapolis or St. Paul, MN.
TeamGenius is hiring a Sales Associate in Minneapolis.
FactoryFix is hiring a Software Engineer, Product Designer, and UX Designer in Madison, and a Biz Dev Specialist and Account Manager in Chicago.
2ndKitchen is hiring a Customer Success Manager, Account Executive, and Director of Sales in Chicago.
PrintWithMe is hiring a Customer Success Associate, Network Operations Specialist, and an Operations Lead in Chicago; Super User Technicians in Portland and Houston; and a Regional Sales Director for the West Coast.
Parallax is hiring a Customer Success Specialist, Quality Assurance Engineer, Senior Software Engineer, and for a Growth/Customer Acquisition role in Minneapolis.
Branch is hiring a Content Marketing Manager, Settlement Analyst, Customer Support Agent, Customer Success Manager, and Senior Backend Engineer in Minneapolis.
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
