Repeat MN Tech Founder & Investor Mallin: Pack The Parachute Before Taking The Entrepreneurial Leap

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By Dan Mallin, Cofounder of Equals 3, via Entrepreneur.com

“In the United States alone, nearly half a million startups are born every year. Some get off the ground, but fewer figure out how to stay afloat. While the barrier to entry is a lot lower than it was pre-internet, the competition is exponentially greater, making it that much harder to succeed. A good idea isn’t good enough to guarantee prosperity.”

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[REPEAT] Scott Litman & Dan Mallin [2]

REPEAT is a special interview series underwritten by CliftonLarsonAllen where we take a deep dive inside the minds of Minnesota’s rare repeat technology entrepreneurs.  Repeat means to start a tech company, exit said company, and return start another one.

Partners Scott Litman and Dan Mallin are presently pursuing Equals 3 after decades of documented business success. Together, and in parallel, they also founded the Minnesota Cup in 2005; part 1 can be seen here.

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[REPEAT]: Scott Litman & Dan Mallin [1]

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REPEAT is a special interview series underwritten by CliftonLarsonAllen where we take a deep dive inside the minds of Minnesota’s rare repeat technology entrepreneurs.  Repeat means to start a tech company, exit said company, and return start another one.

We kick it off today with Scott Litman and Dan Mallin, presently pursuing Equals 3 after decades of documented business success. Together and in parallel they also founded the Minnesota Cup in 2005; Litman & Mallin are among our guests of honor at the upcoming Founders Respect and Recognition event on April 5th.

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Scott Litman & Dan Mallin On Their Next Wild Adventure: Equals 3

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Equals 3 founders Scott Litman and Dan Mallin

 
Scott and Dan’s Wild Adventures — or SDWA — as the the next chapter in this story unfolds.  Partners since the mid-90’s, these two perennial entrepreneurs are at it once again with cognitive companion Lucy from Equals 3, an artificial intellicence platform for marketers built in partnership with IBM’s Watson.

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Serial MN Tech Entrepreneurs Scott Litman & Dan Mallin Launch Equals 3 Today

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By Nathalie Taden, Wall Street Journal

“More marketers are putting Watson to work. Employing IBM ’s artificial intelligence technology has become a popular move for brands seeking to make better use of data in their marketing efforts.

…Separately, startup Equals 3 on Wednesday is launching a new software product dubbed Lucy that utilizes Watson’s cognitive computing capabilities to make the media planning process more efficient for marketers and agencies.”

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These MN tech leaders are Ernst & Young Upper Midwest Entrepreneurs Of The Year

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“MINNEAPOLIS–(BUSINESS WIRE)–EY has announced the winners of the EY Entrepreneur Of The Year™ Award in the Upper Midwest. This group of leading entrepreneurs was selected by an independent judging panel made up of regional business leaders. The winners were revealed at a black-tie gala on Wednesday, June 11, 2014, at the Hyatt Regency Hotel in Minneapolis, Minnesota.”

[Matthew DornquastCode42; Chip Pearson and Zach HalmstadJAMF Software; Scott Litman and Dan MallinMagnet 360; Thomas Ahern and Robert Coughlan – Capstone]

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Q&A with Magnet 360 partner Dan Mallin on the ADC deal

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DanMallin_photoMinneapolis ‘Social Enterprise Agency’ Magnet 360 announced yesterday the acquisition of Los Angeles-based American Data Company (ADC), a Salesforce.com strategic partner with about a dozen employees.

Magnet 360 cofounder and managing partner Dan Mallin is a serial tech entrepreneur and was the lead deal maker with ADC. Let’s hear more:

How and when did Magnet/ADC meet and court each other?

Matt Meents, my partner, and ADC founder Josh Holtzman are both are active in EO (Entrepreneurs Organization) and had know each other for a few years. I met Josh last November and we began dipping our toes in January.

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Multiple Minnesota tech leaders are 2014 EY Upper Midwest Entrepreneur Of The Year finalists

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Via News Release

“EY today announced the finalists for EY Entrepreneur Of The Year™ 2014 in the Upper Midwest. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. These business leaders were selected from nearly 50 nominations by a panel of independent judges.

Minnesota tech entrepreneurs include: Matthew Dornquast, Code42; Michael Lacey, Digineer, Inc.; Zach Halmstad and Chip Pearson, JAMF Software; Scott Litman and Dan Mallin, Magnet 360; Mike Derheim, The Nerdery.”

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2010 Minnesota Cup High Tech division finalists announced

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Minnesota CupThree Minnesota tech startups are one step closer to validation, cash money and a host of professional services as the Minnesota Cup announced today the 2010 High Tech division finalists.

Over the past two months, ten judges have reviewed the detailed plans of ten semifinalists and trimmed the list down to the three that will advance to the next stage — pitching the review board.

In no particular order, the 2010 Minnesota Cup High Tech division finalists are:

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Building a cadre of Minnesota entrepreneurs starts with leadership. Get to know #20: Scott Litman

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Scott Litman happyWhen an entrepreneur achieves an extraordinary level of  success, distilling the story in anything less than a biography feels like an injustice. At the pace that this Minnesotan moves — with the track record, passion and ambition he carries — it’s not hard to imagine reading about him long after it’s all said and done.

From his teenage years with Microsoft,  his 20’s with Imaginet Inc./Imaginet, LLC, through Spot by Spot and into Magnet 360, Scott Litman has proven his entrepreneurial muster on numerous occasions.

While many local entrepreneurs, business leaders, professors and politicians know the name and face of the man who Co founded Minnesota’s statewide business plan competition six years ago, perhaps less is known about where he comes from and where he’s going.  Join us for a fascinating look into the mind of one accomplished entrepreneur whose positive impact on Minnesota’s business climate at large simply cannot be quantified.

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