Thank You Sponsor: CliftonLarsonAllen

by The TECHdotMN Team

CliftonLarsonAllenIt is important to recognize those who financially sponsor TECHdotMN because their contribution helps to advance Minnesota’s technology industry.

Thank you CliftonLarsonAllen for reinvesting!

What does CliftonLarsonAllen do?

CliftonLarsonAllen (CLA) is one of the nation’s top 10 certified public accounting and consulting firms. We provide clients with highly specialized industry insight with assurance, tax and advisory capabilities.

Our firm’s personnel are industry-focused which allows us to provide targeted services to companies by individuals that understand the business challenges and risks of our clients, well beyond the accounting and tax matters. Our firm has has three distinct but integrated business segments including outsourced accounting services, wealth advisory and our accounting, tax and advisory practice.

Where did CliftonLarsonAllen start and where is it headquartered?

Our firm began in the Twin Cities in 1953 and has grown to more than 90 offices across the country with a staff of more than 3,600 professionals firmwide, in addition to broad international capabilities and resources. The firm’s national headquarters remain in Minneapolis, MN and we have nine offices across the state. We are the only firm of our size focused on serving private businesses and their owners.

What is something unique about CliftonLarsonAllen?

CLA is the largest public accounting firm in the United States with a singular focus on being the premier resource for private businesses and entrepreneurs. We take pride in understanding and helping businesses grow from a strategic perspective, not just accounting and taxes. Our unique industry focused approach allows us to provide an impact to the businesses we serve. It is critical that your business advisor has experience with both the size and industry relevant to your business. We understand the business risks, capital financing, succession planning and other challenges and can apply the financial, accounting and tax expertise within that context.

Another factor that makes CLA unique is having one of our firm’s strategies being a place where our people can build careers. We offer exciting opportinties for individuals to explore their potential within the firm and equiping our people to advance whether they decide to remain at the firm or move into leadership roles outside the firm.

Why do you sponsor TECHdotMN?

We serve some of the most promising software and technology businesses and entrepreneurs in Minnesota and around the country. TECHdotMN connects with entrepreneurs that are passionate about building sustainable tech companies and to create jobs and opportunity in our state. Software and tech businesses contribute greatly to the Minnesota and national economic climate and our firm sees this as a vibrant and growing part of our firm that we can impact in positive way.

How could Minnesota’s tech industry improve from your point of view?

Our state’s talent in the technology and sciences is one of several critical ingredients for success. It is important that we expose students to these opportunities at an earlier stage and promote our state’s tech industry. We also need to ensure we don’t lose our state’s talent and entrepreneurs to other highly competitive states. Minnesota is still a great place to find talented and hardworking individuals although the business and tax climate has moved in a direction that has given entrepreneurs a negative perception.

In addition, many early-stage tech companies rely too heavily on outside sources of capital to fund development and growth and represents one of the most commonly mentioned issues of early stage businesses. More often than not, raising capital has been built into the business plan as a necessity. While each company’s capital need is unique, entrepreneurs need to be more creative about building a business to the point of revenue that is more capital efficient. This need to raise outside capital at the start-up phase creates a business risk that is outside the control of the entrepreneur at a time where it is practically impossible to raise seed capital. A business that has achieved critical technological and customer milestones with a good value proposition will have a much less difficult time attracting capital and is one of the most significant factors that can increase the likelihood of success.