Entrepreneur 2 Entrepreneur: Wade Beavers on the CoreLogic Acquisition

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Thanks to Split Rock Partners for underwriting the Entrepreneur 2 Entrepreneur series.

Wade Beavers is the cofounder and CEO of DoApp, a mobile firm that started making apps “before it was cool.”  With dozens of apps under their belt, DoApp recently sold some key technology to CA-based Corelogic, a $3b provider of property information, analytics and services.

How did the deal happen?

We had a relationship with CoreLogic going back three years now, where basically our mobile platform became their entire market solution.  There are hundreds of thousands of agents already on it and still growing at a rapid pace, so I guess it just made sense to them!

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Entrepreneur 2 Entrepreneur: Todd Gardner on Bootstrapping

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ToddGardnerThanks to Split Rock Partners for underwriting the Entrepreneur 2 Entrepreneur series.

Todd Gardner is the co-founder of TrackJS, a Minnesota tech startup that reached revenue through organic growth on accord of its own bootstraps.

What does TrackJS do?

TrackJS solves a hard problem in a unique way. The last few years have had a tremendous growth in JavaScript web applications—but the tooling to monitor and debug them has not kept pace. TrackJS helps our customers by understanding how their web-apps are running in production; and when an error
happens, make sure the developers have all the information they need to fix it.

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Entrepreneur 2 Entrepreneur: Kosh Samuel on Adapting

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Kosh-SamuelThanks to Split Rock Partners for underwriting the Entrepreneur 2 Entrepreneur series.

Minnesota tech entrepreneur Kosh Samuel is the founder and CEO of Avabar, a startup company focused on “remixing nightlife” through mobile technology.

After launching last April, Avabar experienced a common scenario in the world of consumer tech startups: a go to market launch bump followed by lackluster results.

Since then, Samuel has gone back to the drawing board to reinvent nearly every aspect of the business.  As a result of his ability to adapt, Avabar has found new life full of receptive users and paying customers.

What high level changes were made to the model and why?

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Entrepreneur 2 Entrepreneur: Joe Stanton on Fundraising

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Joe StantonThanks to Split Rock Partners for underwriting the Entrepreneur 2 Entrepreneur series.

Minnesota tech entrepreneur Joe Stanton formed software startup Elevate Research to address pain points around customer feedback/satisfaction and targeted marketing.

Elevate recently raised a $500k first round and is a finalist in this years Minnesota Cup competition.

What was your overarching approach/strategy to the first round?

My co-founder, John Cohoon, and I approach everything we do as an opportunity to learn, improve and have fun. It shapes our decisions. And we believe success follows from it. So we approached our seed round from the same perspective.

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Entrepreneur 2 Entrepreneur: Chris Holt on the PatentCore acquisition

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Chris-HoltThanks to Split Rock Partners for underwriting the Entrepreneur 2 Entrepreneur series.

Attorney Chris Holt started PatentCore years ago to address pain points in a market that he was intimately familiar with: intellectual property.

With some early validations and customer traction, PatentCore aligned its data analytics SaaS ‘Patent Advisor’ product with REED Technology and Information Services, a division of LexisNexis.

Shortly into that relationship, REED swallowed PatentCore whole.

To what degree was acquisition part of the plan from the onset?

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Entrepreneur 2 Entrepreneur: Aaron Kardell on the CRMLS partnership

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KardellThanks to Split Rock Partners for underwriting our Entrepreneur 2 Entrepreneur series. 

Last week we learned that Minneapolis startup Mobile Realty Apps had partnered with the California Regional MLS (CRMLS) — the largest of its type in the country.

Founded by veteran tech entrepreneur Aaron Kardell in 2010, Mobile Realty Apps creates digital tools for real estate agents and consumers to locate properties quickly and easily on their mobile devices. Specifically, the app allows members to instantly search all CRMLS property types, edit listings and upload photos from their mobile devices — in addition to HomeSpotter augmented reality technology.

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Entrepreneur 2 Entrepreneur: Dan Linstroth on stopping

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Dan LinstrothThank you to Split Rock Partners  for underwriting the Entrepreneur 2 Entrepreneur series.

Minnesota tech entrepreneur Dan Linstroth was a co-founder and CMO at Heroic, a B2C startup that launched in 2011 and raised angel funding, yet has shut down as of late.

Why did Heroic decide to stop?

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Entrepreneur 2 Entrepreneur: Evan Carothers on Transitions

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Screen Shot 2014-02-28 at 1.07.55 PMThank you to Split Rock Partners  for underwriting the Entrepreneur 2 Entrepreneur series.

Minnesota tech entrepreneur Evan Carothers is a cofounder of Docalytics, a B2B startup born during Startup Weekend Twin Cities 3.   The venture went on to place in the 2012 Minnesota Cup, has raised $300k, and most recently was chosen to attend a Google-hosted demo day.

Why did you pick ‘Transition’?

Deciding to make transitions is never an easy decision, and I found that few resources/stories/examples existed for other entrepreneurs to learn from local peers who have dealt with similar challenges when contemplating tough transitions. I thought it would be a great topic to explore a bit – for both my own benefit, and hopefully that of the community.

What transition(s) have you experienced?

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Entrepreneur 2 Entrepreneur: Brett Brohl on Acquisitions

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brett_brohl_scrubadooThank you to Split Rock Partners  for underwriting the Entrepreneur 2 Entrepreneur series.

Minnesota tech entrepreneur Brett Brohl launched e-commerce firm Scrubadoo in early 2010 and sold at the turn of this year for an undisclosed amount to THN, LLC.

How did you finance the venture?

We bootstrapped the company, and naturally, I put a lot of that money in.  While we started with the end in mind and had the ultimate goal of selling, I didn’t think it would happen for another year or so.

What was the process of selling?

At first, I listed the company myself on BizBuySell.com, just to see what was out there. While I didn’t follow through with that, a business broker approached me through a mutual connection about entertaining offers.

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Entrepreneur 2 Entrepreneur: Erin Newkirk on Acquisition

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Erin Newkirk
Thank you to Split Rock Partners  for underwriting the Entrepreneur 2 Entrepreneur series.

Erin Newkirk is the co founder and CEO of Red Stamp, a mobile/ social commerce company “on a mission to make relationships stronger, one personalized post at a time.” Red Stamp was formed in 2005 and acquired last month by The Occasions Group, a milestone to celebrate next week.

Did you ever envision that Red Stamp would be acquired or was it part of the master plan?

I think in the beginning, and to get you through the really rough stretches, every entrepreneur dreams of the insanely exciting exit, where you have multiple companies groveling at your feet, wooing you with promises of a security, fame and fortune.

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