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Capital Startups

AMP PartnersNearly two months ago, AMP Partners was introduced to Minnesota’s tech entrepreneurs.

Curious to learn more about where things are at, and if AMP is serious about funding local startups, we connected with partner Daren Marhula to hear it from the source:

1) How would you say things are going so far relative to what was anticipated?

Overall, our business at AMP is in-line with our original expectations since launch. That being said, we continue to be surprised by the unrealistically high valuation expectations by many entrepreneurs out there, which has prevented us from making more investments.

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Capital

Four business partners in Wayzata have recently formed AMP Partners to make early stage tech investments in Minnesota startups.

Daren Marhula, Brad England, Mark Donahoe and Chris Palm are pooling an undisclosed amount of their own money “made between investment banking, Wall Street and property management,” Marhula says.   Between Macalester, St. Thomas and the University of Minnesota, all four have roots in Minnesota.

AMP doesn’t have much tech investing experience but their appetite for opportunity in local early stage ventures is real he affirms.  “We’ve been low profile until now.”

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