Hosts: Steve Borsch, Tim Elliott, Graeme Thickins, Garrick Van Buren
In our continuing quest to bring you Minnesota thought leaders on ‘net and web innovation, we invited none other than Pete Birkeland, CFO & Investment Manager with the angel network RAIN Source Capital, to be on this show to talk about funding and his perspectives.
RAIN Source Capital is a multi-state network of RAIN funds that works with angel investors who are interested in supporting growing companies. RAIN Source® helps bring together like-minded angel investors to form individual RAIN funds - and then provides these funds with additional capital, a process for due diligence, legal templates, management support, access to deal flow and other resources. RAIN funds share expertise, deals and experience between and among RAIN Source Capital’s multi-state network of RAIN funds, to support growing companies throughout the area. RAIN funds range in size from seven to 61 members, who have pooled anywhere from $500,000 to $2 million. RAIN Source Capital is based in St. Paul, MN.
In today’s show, a few things were mentioned:
+ A couple of companies RAIN has funded: Ntractive and Flyspy
+ Angelsoft: The hosted software RAIN uses that’s geared for VC’s and angel investors
+ Recent VC moves with startups:
- Sequoia Capital’s meeting with their funded companies and the presentation. Good recap here.
- Paul Graham from YCombinator on Why to Startup in a Bad Economy
- Uncov’s funny post Paul Graham, Just Shut Your Face Already
+ Upcoming events: Richard Stallman at the UofMN (with a gathering at Bullwinkle’s saloon afterwards (map)); Social Media Breakfast on Oct 31st; Visi’s VISION 2008 Conference with keynote speaker, Robert Stephens head of Geek Squad.
Sat, Oct 18, 2008
Minnov8 Gang Podcast
by Steve Borsch