Harbinger Partners Goes Full ESOP

Harbinger Partners is the latest Minnesota tech company to implement the ESOP method of ownership liquidity and transfer.

According to our article underwriter, Redpath & Company, the employee stock ownership plan (ESOP) is a qualified defined-contribution employee benefit plan designed to invest primarily in the stock of the sponsoring employer, ultimately providing employees with a beneficial ownership interest in the company.

Here’s what Harbinger’s founder and CEO Scott Grausnick has to say about it:

When was your first exposure to ESOP?

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Q&A With TravelNet Solutions CEO Ryan Bailey On Approaching $15m In Revenues & ~100 Employees

Cottage Grove HQ TravelNet Solutions is crossing the $15m revenue milestone and 100 employee mark right about now.

Far from an overnight success, TravelNet actually began almost 20 years ago, when brothers Charles and Ryan Bailey first teamed up on tech for real estate rental property owners.

TravelNet today is mostly known in the hotel and hospitality space for brands like resortsandlodges.com, or TRACK Hospitality Software – a product they bought four years ago that would change their trajectory.

And to top if off, TravelNet has resisted the inclination to raise institutional venture capital – so far at least. 

Here’s what Cofounder and CEO Ryan Bailey says about where TravelNet is at at these days and where he sees things headed:

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Q&A With Duluth’s Most Ambitious Startup: Runway Manhattan


Markus Müller and his wife Lara Signorelli are the founders of Tryon Media, parent to Runway Manhattan.

Last month, Duluth’s most ambitious startup rolled-out a new artificial intelligence product called Fashion Brain. This month, we spoke with cofounder & CEO Markus Müller regarding the development and company prospects: 

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