Welcome back to the Great North Ventures newsletter! (Sign up here!) We are excited for the launch of our new podcast and Fund II investing!

Our new podcast is live! Check out “Execution is King” on SpotifyGoogle PodcastsApple Podcasts, or wherever you get your podcasts!

Join me, Josef Siebert, and either Ryan or Rob Weber as we interview founders, investors, and ecosystem builders to uncover insights and best practices for the next generation of global startup founders. 

As mentioned in our last newsletter, Fund II is now open for business! We have officially made our first investment outside of our own venture studio projects. Early-stage founders, check out our Founders page for criteria and to get in touch.

Portfolio Updates

Skillit is new to the portfolio! Skillit is a jobs and recruitment platform that matches skills-tested carpenters with great construction firms.

Flywheel has raised a $22M Series C round from 8VC, Great North Ventures, and others. Flywheel will use raised capital to acquired St. Louis-based Radiologics.

TeamGenius raises $1.1 million to expand its athlete development platform

Airbnb partner Migo taps NoiseAware for noise-monitoring solution

PrintWithMe Announces New Platform for Expansion, WithMe, Inc.

FactoryFix Successful Series “Factory Made” Offers Viewers Peak into American Manufacturing

Hotels open the door to the next evolution in room service [2ndKitchen]
 

Open Positions

See all open positions on the Great North Ventures careers page

Great North Venturesis hiring 6 interns for Summer 2022

Dispatch is hiring for 41 positions

FactoryFixis hiring for 7 positions

TeamGeniusis hiring for 1 position

2ndKitchenis hiring for 5 positions

PrintWithMe ishiring for 13 positions

Parallaxis hiring for 9 positions

Branch is hiring for 14 positions

Inhabitr is hiring for 3 positions

Clinician Nexusis hiring for 1 position

PartySlateis hiring for 1 position

Flywheelis hiring for 2 positions

Today it was announced that last quarter’s drop in GDP was the second largest ever recorded. Overall US economic output fell by 9.5%. This dire news comes on the heels of fantastic news for the MN tech startup community: the largest IPO from a Minnesota company ever, Jamf’s $468M IPO and $4.7B market cap. 

Minnesota’s Resilient Startups


In good times, founding a startup is hard. Being a successful operator is even harder. Add in the challenging times and limited resources of a recession, and you wind up with a pressure cooker that will test teams, products, and people to their limits. 

There is a history of successful companies weathering recessions, however. While some startups crumble under the pressure, others become diamonds. We compiled a list of Minnesota’s Resilient Startups to showcase some of our state’s startup successes that not only weathered tough times, but were formed during recessions

Leveraging Resilient Founders


It’s no coincidence that many of our operating partners appear on that list. We believe that successful founders and operators make the best early stage investors because they’ve had to scale an emerging technology company before. Leveraging that experience to identify, invest in, and support startups is what makes Great North Labs unique compared to most seed funds.

Tech.MN recently interviewed Managing Partner Rob Weber about his own experience as a founder of a NativeX, which was founded in the wake of the dot-com bust. Rob also talks about what led him and Ryan Weber to found Great North Labs.

Managing Partner Rob Weber shares the vision of Great North Labs and the impetus for its founding on the Tech.MN podcast.

“For us, I have gotten to know a lot of other founders in Minnesota and the surrounding region and many of them, either through their business model or whatever, required more early-stage capital than we did. And I heard about how terrible it was for them to raise money the last 10-20 years.

I just thought, ‘We can do this. We can invest in these companies and we can make money doing so.’

And that’s what compelled me to write checks. It was almost a feeling of obligation. We got a little bit of capital, and great mentorship, from these guys from Silicon Valley and I just thought, ‘We could do this here.’” – Rob Weber

Even with the challenges of a recession, we are positioned to continue contributing to a cycle of growth. We continue to build capacity in the innovation ecosystem by cultivating, capitalizing, and contributing to startup successes in Minnesota and the Upper Midwest. 

Events

Here are some interesting events rounding out the summer lineup. 

Portfolio News


“CCRCs to participate in $3 million test of robots to curb resident loneliness, apathy”– Misty is encouraging social interaction in retirement homes in this study with Misty Robotics.

“The Lowdown on Discounts”– OSU campus publication featuring discounts from Plyo.

“PrintWithMe Announces National Partnership With Invesco Real Estate”– PrintWithMe agreement with 28th largest apartment owner in the US.

“Property risk increases as booking behaviour changes” – Problem trend, with success stories from NoiseAware.

Job Board

Dispatch is hiring a Business Development Representative, Driver Engagement Agent, Inbound Marketing Specialist, Cloud Engineer, Data Engineer, Manager-Software Engineering, Quality Assurance Engineer, Software Engineer, and Support Engineer in Bloomington, MN. 

FactoryFix is hiring a Team Lead – Full Stack Developer, Full Stack Developer, and Infrastructure Developer- DevOps in Madison, WI; a Recruiter, Sales Development Representative, and Account Executive in Chicago, IL.

PrintWithMe is hiring a Regional Sales Director on the East Coast; AR/AP Specialist, Inside Sales Executive in Chicago, IL; ; a Software Engineer, Account Manager, and Marketing Director for Remote work.

Parallax is hiring a Growth/Experienced Business Development Representative in Minneapolis, MN. 

Branch is hiring a Data Platform Manager, Senior Backend Engineer, and Solutions Engineer in Minneapolis, MN or Remote; and a Customer Success Manager in Minneapolis, MN.

Inhabitr is hiring a Chief Growth Officer/Head of B2C Growth, a Chief Growth Officer/Head of Growth, and a Sales and Customer Experience Associate in Chicago, IL.

NoiseAware is hiring a COO, VP of Global Sales & Account Management, Back-end Developer, QA Technician (independent contractor), Account Manager, and Customer Advocate in Dallas, TX.

Welcome back to the Great North Labs newsletter! 2020 kicked off to a fast start. We were invited to participate in the World Economic Forum, and we announced the next chapter in our Startup School. There’s also a new advisor on the team, and a new portfolio company.

World Economic Forum

Managing Partner Pradip Madan went to Davos for the annual gathering, which focuses on entrepreneurship in the global public interest, and shaping global, regional, and industry agendas. On and off stage, Pradip spoke about investing in the Upper Midwest, supporting and growing the ecosystem, and of course, the promise of the Upper Midwest region.

Pradip spoke on the Global Citizen panel hosted by Minneapolis AI company PinkLion.AI titled Innovation in Tech: Leveraging unexplored areas and geographies to increase scale and innovation in the public and private sector, and hosted an hour-long roundtable for The Digital Economist on Business models and strategies that will hallmark the next phase of global economic transformation.

Great North Labs was also proud to sponsor the International Women Business Leaders Reception and the Digital Future Board Room. Inclusion and digital transformation are both important topics that we are glad to support and help elevate on the world stage. 

The Global Citizen Panelists: Patricia Simmons, M.D., Maria Dayton, Pradip Madan, Karen Korponai, Jennifer Bonine, and Dean Costakis

There was a strong regional contingent involved with and leading these events, including Jennifer Bonine of PinkLion.AI, Patricia Simmons of Mayo, and Maria Dayton, Ambassador of SingularityU Minneapolis-St.Paul. Maria and Jennifer were instrumental in organizing these events, and are strong representatives for Minnesota and the region. 

One of the ecosystem building efforts that Pradip highlighted at WEF was our Startup School, which is currently undergoing a reboot. We have new partners, expanded curricula, and greater reach!

Startup School Reboot

Started in 2017, the original Great North Labs Startup School offered bootcamps covering Lean Startup and Agile Scrum, and additional offerings over the years included education on digital disruption and exponential technologies. Roughly 200 students went through the school. 

Now, we are working on an expanded offering with new partners Red Wing Ignite and ILT Studios. While the new initiative will no longer be wholly owned and operated by Great North Labs, it will be greatly expanded, able to reach more of Greater Minnesota, and hopefully scale across the entire state. You can read more about it on our blog, or in this article by Minne Inno. 

Classes will begin in March, and sign-up will be live in February. Contact us to get on the mailing list and stay informed, and to find out when you can sign up.

Events

Here are some upcoming events related to tech startups. Where our attendance is noted, feel free to reach out or connect at the event: 

Advisor News

Steve Schmidt is new to the Great North Labs team. He is the Founder and CEO of Abetech, a company that creates bar code and RFID systems and solutions that increase productivity.

Portfolio News

NoiseAware is new to the Great North Labs portfolio. NoiseAware provides a real-time noise monitoring solution for the rapidly growing short-term rental industry. According to property managers, the biggest challenge they face is party prevention. This is likewise a major concern for major rental platforms such as AirBnB. NoiseAware’s solution includes options for indoor an outdoor monitoring, in real-time, with historical data and trend tracking across properties. 

Job Board

FactoryFix is hiring two Full Stack Developers and a UX Designer in Madison, and a Business Development Specialist and Account Manager in Chicago.
Pitchly is hiring a remote Legal Marketing & Sales Content Specialist
Misty Robotics is hiring a Lead Qualification & Inside Sales Specialist, and an Inside Sales Specialist (contract) in Boulder, CO. 
2ndKitchen is hiring an Account Executive, Business Development Representative, Operations Associate, Operations Intern, and Design Operations Intern in Chicago. 
PrintWithMe is hiring a Customer Success Associate, Customer Service Representative, Web Developer (Python), 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. 
Branch is hiring a Revenue Operations Manager, Sales Development Manager, UX Designer, Senior IOS Engineer, Customer Support Agent, Account Executive (Enterprise), IT Coordinator, Data Engineer, Devops Engineer, Jr. Visual Designer, Senior Backend Engineer, Senior Android Engineer, and Account Executive (Mid-Market) in Minneapolis. 
NoiseAware is hiring a Back-end Developer, Embedded Developer, Front-end Developer, Mobile Developer, Site Reliability Engineer, Global Supply Chain Manager, Product Marketing Manager, and UI/UX Designer in Dallas.

May newsletter
Great North Ventures

$40M Fund II Raised!

Great North Ventures Raises $40M Fund II
Great North Ventures

Great North Ventures Raises $40 Million Fund II

Investment Thesis: Fund II Strategy
Great North Ventures

Investment Thesis: Fund II Strategy

Investment Thesis: Community-Driven Applications
Great North Ventures

Investment Theme: Community-Driven Applications

Great North Labs Newsletter December 2017
James DonFrancesco

Great North Labs Newsletter – December 2017

Rob-Back-To-The-Future-wide
Rob Weber

A Letter To My Younger Self

mixed icons with brown color and tech theme
James DonFrancesco

Great North Labs Newsletter