TECHdotMN: News about Minnesota Startups

Greener pastures? A tale of the Minnesota startup that was

July 14, 2010 | by Jeff Pesek Comments

Woven throughout Minnesota’s Angel Tax Credit saga was the painful testimony of local startup companies looking outside of Minnesota for viable funding options. And because investors often have a real need to see, taste and touch their investments (in a non-creepy way), relocation typically becomes a contingency of funding–both for the security of proximity, and for the potential economic value to a city/state business ecosystem.

Reflecting on the psychology surrounding the passage of Minnesota’s Angel Investor Tax Credit, it was that same prospect of loss — be it entrepreneurs, new tech companies, jobs, future tax revenues, or bragging rights — that would (in part) move the emotional dial and tip the scales in favor of Minnesota’s entrepreneurs and investors.  We can’t have promising new companies leaving…to Wisconsin of all places!

Read More…