Minnesota InsureTech Startup Upsie Raises Another $5M

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Via TechCrunch

“Warranties for purchased products is a $40 billion annual market. But in in their current form, they are considered by some to be one of the bigger scams in the world of retail because they cost so much and often return too little.

Now there is an alternative emerging. A startup out of Minneapolis, Minnesota, called Upsie has decided to wage war on the old warranty, with more reasonable pricing (typically 70 percent lower than what the retailer offers) and a much more modern approach to selling and managing the warranty.”

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InsureTech Startup Upsie Closes $1.7m Oversubscribed Seed Round

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Via News Release

“Today, we [Upsie] are excited to announce that we have closed our seed round of funding. Participating in the round is Techstars Ventures, Matchstick Ventures, Gopher Angels, M25 Group, Village Capital Investments and The Syndicate Fund. We also added notable angel investors Marc Belton, Mark Addicks, & Jim D’Aquila.”

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Minnesota Tech Entrepreneur Clarence Bethea Alleges VC Discrimination

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By Ben Schiller, Fast Company

Clarence Bethea doesn’t have the standard background for a tech entrepreneur. He didn’t go to Stanford or drop out of Harvard like Mark Zuckerberg or Bill Gates. He doesn’t live in San Francisco or Boston. He’s black. And his childhood wasn’t easy: His dad used to come home drunk or high at night and beat his mom, right in front of him.”

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What to Watch For At Techstars + Target Retail Accelerator Demo Day 2017

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Hard to believe that it’s almost the end of another Techstars + Target accelerator season as things culminate with demo day on Oct. 11 at First Avenue in Minneapolis.

We caught up with Managing Director Ryan Broshar for a preview of what’s to come for 10 startups that have been heads down since class started in July.

 

First, let’s talk about each of the 10 companies in the program cohort this year…

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Target + Techstars Retail Accelerator Announce The 2017 Class Of Startups

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Via News Release

“We are excited to announce the 10 startups that will be joining us in Minneapolis for our 2017 Techstars Retail Accelerator in partnership with Target. We kick things off this week and are looking forward to three months of awesomeness, capped off by Demo Day on October 11.

The focus of these startups ranges widely—from theft to warranties to personalization—and founders come from as near as Minneapolis and as far as Belgium. While in Minneapolis, the startups will have access to a range of mentors who will provide feedback, answer questions and offer advice to foster the startups’ growth and development.”

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Minnesota Tech Hustler of the Year 2016: Clarence Bethea

by The TECHdotMN Team

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Clarence Bethea is our Minnesota Tech Hustler of the Year 2016

 
The hustle isn’t about overnight success, some quantum leap or even having “made it.” It’s a lifelong attitude of urgency and entrepreneurial perseverance through outcomes unknown for sustained periods of time.

Minnesota tech entrepreneur Clarence Bethea was born in 1980 and raised in Atlanta, Georgia. He moved to Minnesota in 2002 to attend Bemidji State University and found his way to tech entrepreneurship as most do: first hand pain, a mindset of opportunity, and the drive show the world what’s possible.

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MN Fintech Startup Upsie Sees More Investment

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Minnesota fintech startup Upsie has picked up ~$100k between Village Capital and Access Ventures.

Founder Clarence Bethea was chosen as one of two ventures to participate in the fintech cohort of Village Capital’s peer to peer investment model, which comes with a $75k minimum and a summer’s worth of mentorship between New York, San Francisco, and Washington D.C.

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