Minnesota’s Angel Investor Tax Credit Is Dead — And Why That’s A Good Thing

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As you read the words that form this opinion, know that we have a vested interest in the success of Minnesota’s technology entrepreneurs and the startup community at large. It’s formed with only the longest and strongest views in mind — extending beyond blind, blanket support in any form just for the sake of it.  Not all support is created equal as some methods have unintended consequences, moral or practical trade-offs to consider.

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Updates On MNvest Intrastate Equity Crowdfunding

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Via Crowdfund Insider

MNvest has tweeted out an interesting graphic that tracks sector progress for investment crowdfunding in the state of Minnesota. For those not in the know, MNVest is the advocacy group, as  well as the name of the law, that helped to make Minnesota’s state crowdfunding exemption a reality. Without MNVest (the group that is) it is arguable little would have been accomplished.”

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Mayo Clinic Backs Software To Bring Cancer-Fighting Gene Therapies To Market

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By Jonathan Shieber, TechCrunch

“Behind the incredible process of developing targeted gene therapies to fight diseases like cancer lies an incredibly mundane problem that prevents these treatments from getting to patients — paperwork and procedures.

While $5.7 billion was invested in companies developing cellular and genetic therapies, and with 800 clinical trials initiated worldwide and the first two CAR-T cell therapies expected to launch into market later this year, businesses still say the ability to get these treatments to patients is limited by paperwork, supply chain management, and last mile delivery.

So GE (through its GE Ventures arm), the Mayo Clinic (through Mayo Clinic Ventures) and the venture investment firm DFJ have invested $13.75 million to back Vineti — a software platform the companies are billing as a solution to gene therapy’s supply chain problem.”

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Optum’s VC Arm Backs Mobile Data Startup Mindstrong Health

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Via PE Hub

“Palo Alto, California-based Mindstrong Health, a diagnosis startup, has raised $14 million in funding. Foresite Capital and ARCH Venture Partners led the round with participation from other investors that included Optum Ventures, Berggruen Holdings and the One Mind Brain Health Impact Fund.”

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MN Tech Founders Be Wary Of Posing Investors

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You’ll hear over and over again how difficult it is for entrepreneurs to raise money out there, right?

And generally, that’s quite true for the majority of tech entrepreneurs in Minnesota, where the odds are it either doesn’t happen despite best efforts, or it does happen with way more time and energy spend than anticipated.

With few exceptions, the process is full of friction, it’s high risk, and super stressful — especially for first timers who don’t know what’s all involved but are out there pushing hard and learning as they go.  Worst of all, the activity takes resources away from the most important thing a business can do at any point in time: serve customers.

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Minneapolis-HQ Upstream Joins $8.5M Round For Seattle HealthTech Startup

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By Bernie Monegain, HealthcareIT News

Xealth, which offers a cloud-based technology that enables physicians and clinicians to prescribe customized digital healthcare content, such as exercise programs, educational videos, apps and services, has received $8.5 million in new funding.

Xealth, which is already in use at Seattle-based Providence Health and at UPMC in Pittsburgh, has financial backing from DFJ Venture Capital and UPMC as well as from Minnesota’s Hennepin Healthcare System [Upstream Health Innovations] and Froedtert Health in Wisconsin. All four health systems are Epic shops.”

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Outside In: Paul Amundson, Gen7 Investments

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Outside In: Q&A with tech investors from outside Minnesota

 
What is your name, title, firm/fund and Linkedin profile?

Paul Amundson, Vice President- Investment and Strategy, Gen7 Investments

What is the firm/fund located and what is the summarized founding history?

We are located in Fargo, ND. Gen7 is in reference to the multi-generations of a family run media business that owns newspapers and digital offerings in the Dakotas, Minnesota and Wisconsin. Gen7 Investments was created to invest in and acquire businesses outside of the traditional media space.

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