Inspired by and modeled after the longstanding Sun Valley Conference, the objective is to provide Arthur’s six technology portfolio companies with the unique opportunity to “network, share and learn in an intimate and trustworthy environment,” according to partner Tadd Tobkin.
“We are a family and our investments are more than portfolio companies — these are mutual partnerships that we must foster growth in and prepare,” he says. “Cultivating is core to North Dakota’s agricultural roots and our values.”
Arriving tonight with teams in tow, the 48 hour agenda starts tomorrow with detailed business presentations/analysis, a host of guest speakers, investors, vendors and plenty of food and drink for all.
“Arthur has been a great like minded supporter of our vision and I’m looking forward to Cultivate because it will bring together these emerging companies from Minnesota and beyond whom we already know have a shared philosophy on life and business, ” Preventice CTO Mike Smith said from the road.
As much as 40% of AV’s dealflow comes from Minnesota, Tobkin has noted before, as reflected by these three of six investees.
“There aren’t many (if any) events like this for early stage companies in the upper-midwest region, and we hope to not only make this an annual North Dakota occurrence, but maybe some Minnesota investment firms and groups will consider hosting their own?” parter James Burgum wonders.
“I think people are seeing that this is a good place to do business. We’re fortunate to be in this part of the world where economic activity is strong. Forbes recently highlighted our downtown revitalization, the North Dakota Development Fund, and the talent pool stemming from Microsoft’s campus are all appealing factors contributing to North Dakota’s new venture ecosystem.”