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	<title>Minnov8 &#187; venture capital</title>
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	<link>http://minnov8.com</link>
	<description>Showcasing Minnesota Innovation in Internet &#38; Web Technology</description>
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	<itunes:summary>Internet &amp; Web Technology Innovation in Minnesota, the Land of 10,000 Lakes</itunes:summary>
	<itunes:author>Minnov8 Gang</itunes:author>
	<itunes:explicit>no</itunes:explicit>
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		<itunes:name>Minnov8 Gang</itunes:name>
		<itunes:email>sborsch@gmail.com</itunes:email>
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	<copyright>Creative Commons Attribution Non-Commercial 3.0</copyright>
	<itunes:subtitle>A podcast devoted to innovation in internet &amp; web technology and its effect on Minnesota startups, companies &amp; enthusiasts.</itunes:subtitle>
	<itunes:keywords>Internet, Web, Minnesota, Innovation</itunes:keywords>
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		<title>Minnov8 &#187; venture capital</title>
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		<item>
		<title>enStratus Secures Series A VC Investment</title>
		<link>http://minnov8.com/2011/11/03/enstratus-secures-series-a-vc-investment/</link>
		<comments>http://minnov8.com/2011/11/03/enstratus-secures-series-a-vc-investment/#comments</comments>
		<pubDate>Fri, 04 Nov 2011 04:21:00 +0000</pubDate>
		<dc:creator>Graeme Thickins</dc:creator>
				<category><![CDATA[Emerging MN Companies]]></category>
		<category><![CDATA[cloud]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6725</guid>
		<description><![CDATA[An SEC filing reported by MarketBrief has revealed that Minneapolis-based enStratus Networks has raised $3.5 million in venture capital. The total size of the round is $4.5 million, a reliable source told me, but the investor for the additional $1 million has not yet been announced.  Founded in 2009, enStratus provides a cloud infrastructure management [...]<p><i><a href="http://minnov8.com/2011/11/03/enstratus-secures-series-a-vc-investment/">enStratus Secures Series A VC Investment</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p>An SEC filing <a href="http://marketbrief.com/enstratus-networks-inc/d/form-d/2011/11/3/9090568?source=formdfeed&amp;utm_source=feedburner&amp;utm_medium=twitter&amp;utm_campaign=Feed%3A+LatestFormDFilingsFromSecWatch+%28Latest+Form+D+filings+from+SEC+Watch%29" target="_blank">reported by MarketBrief</a> has revealed that Minneapolis-based <a href="http://www.enstratus.com" target="_blank">enStratus Networks</a> has raised $3.5 million in venture capital. The total size of the round is $4.5 million, a reliable source told me, but the investor for the additional $1 million has not yet been announced. <a href="http://minnov8.com/wp-content/uploads/2011/11/enStratus-logo1.jpg"><img class="alignleft size-full wp-image-6727" title="enStratus-logo" src="http://minnov8.com/wp-content/uploads/2011/11/enStratus-logo1.jpg" alt="" width="180" height="60" /></a></p>
<div>
<div>
<p>Founded in 2009, enStratus provides a cloud infrastructure management solution for deploying and managing enterprise-class applications in public, private, and hybrid clouds. It counts among its customers Korea Telcom (KT), SAIC, Predictix, Quantum Retail, and The Cloud Security Alliance.</p>
<p>I confirmed that the lead investor is <a href="http://eldorado.com" target="_blank">El Dorado Ventures</a> of Menlo Park, California. General Partner <a href="http://eldorado.com/team_detail.php?id=19" target="_blank">Jeff Hinck</a>, based here in Minneapolis, is joining the enStratus board of directors.</p>
<p>More to come as I learn about it, which will likely be next week, in conjunction with enStratus&#8217; appearances at two key industry events: <a href="http://www.defragcon.com" target="_blank">Defrag</a> in Denver and <a href="http://cloudcomputingexpo.com/" target="_blank">Cloud Expo</a> in Santa Clara.</p>
<p>In another recent enStratus development, James Urquhart, a cloud strategist and evangelist at Cisco, revealed on his Twitter page on October 28 that he would be leaving Cisco to join enStratus as VP of Product Strategy.</p>
<p><strong>UPDATE:</strong> I confirmed this morning (Nov 4) that the SEC filing only appeared yesterday as the result of an accidental early submission. A formal news release from enStratus announcing the Series A may come as early as Monday, presumably identifying the other investor.</p>
<p><em>(Disclosure: The writer was a consultant to enStratus during its launch phase.)</em></p>
</div>
</div>
<p><i><a href="http://minnov8.com/2011/11/03/enstratus-secures-series-a-vc-investment/">enStratus Secures Series A VC Investment</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		</item>
		<item>
		<title>Workface Lands $900k in Venture Capital</title>
		<link>http://minnov8.com/2011/07/26/workface-lands-900k-in-venture-capital/</link>
		<comments>http://minnov8.com/2011/07/26/workface-lands-900k-in-venture-capital/#comments</comments>
		<pubDate>Tue, 26 Jul 2011 15:31:09 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Emerging MN Companies]]></category>
		<category><![CDATA[MN Entrepreneurs]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6569</guid>
		<description><![CDATA[We were delighted to see that friend of Minnov8, Lief Larson and crew, have landed $900k to accelerate their vision of delivering a platform to maximize sales force and customer service engagement for organizations. The Gang has used Workface&#8217; profiles since the beginning and have watched this startup closely as they&#8217;ve continued to execute on [...]<p><i><a href="http://minnov8.com/2011/07/26/workface-lands-900k-in-venture-capital/">Workface Lands $900k in Venture Capital</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-6570" title="workface" src="http://minnov8.com/wp-content/uploads/2011/07/workface.png" alt="" width="274" height="63" />We were delighted to see that friend of Minnov8, Lief Larson and crew, have landed $900k to accelerate their vision of delivering a platform to maximize sales force and customer service engagement for organizations.</p>
<p>The Gang has used Workface&#8217; profiles since the beginning and have watched this startup closely as they&#8217;ve continued to execute on their vision.</p>
<p>From their press release:</p>
<p style="padding-left: 30px;"><em>More than 75,000 professionals and over 2,500 different companies are now using Workface technology to enable their sales and customer service staffs to engage with prospects and customers online and in real time.</em></p>
<p style="padding-left: 30px;"><em>“Our ‘profile’ technology helps companies shorten sales cycles, connect with prospects at the moment of interest, and increase the level of engagement and intimacy with customers,” said Lief Larson, Workface founder and CEO. “This new round of capital will help us grow revenue from existing customers, add new customers and focus on several key platform enhancements.”</em></p>
<p>Congrats Lief and crew! See the full press release below&#8230;</p>
<p><span id="more-6569"></span></p>
<p style="text-align: center;"><span style="font-size: medium;"><strong><a href="http://workface.com/">WORKFACE</a> LANDS ROUND OF VENTURE CAPITAL,</strong></span><br />
<span style="font-size: medium;"><strong>EXPANDS ON EFFORTS TO HUMANIZE INTERNET COMMERCE</strong></span><br />
<em>Series A-1 financing brings total funds raised to more than $2.5 million to date</em></p>
<p>Minneapolis, July 26, 2011—<strong><a href="http://www.workface.com">Workface®</a></strong>, a pioneer in innovative online customer-interaction technology that helps companies market, sell and support their products and services, today announced it has raised more than $900,000 in new financing. Participating investors in the Series A-1 financing include <strong>Arthur Ventures</strong> and <strong>Omphalos Ventures</strong>.</p>
<p>Since its incorporation in 2007, Workface has raised over $2.5 million from its founders, private equity funds, angel investors and venture capital.</p>
<p>More than 75,000 professionals and over 2,500 different companies are now using Workface technology to enable their sales and customer service staffs to engage with prospects and customers online and in real time.</p>
<p>“Our ‘profile’ technology helps companies shorten sales cycles, connect with prospects at the moment of interest, and increase the level of engagement and intimacy with customers,” said Lief Larson, Workface founder and CEO. “This new round of capital will help us grow revenue from existing customers, add new customers and focus on several key platform enhancements.”</p>
<p>In 2007, Workface first launched its customer-engagement technology, one of the first examples how the Web can be used to interface with customers in real time. Sales staff and other customer-facing professionals create a Workface web profile that is readily visible and accessible by potential customers.</p>
<p>Through search engines, social media networks, rich social ads and corporate websites, prospects find these interactive profiles. Here, they can engage in a live text, audio and video chat with sales and service staff. Companies that want to promote their products and services outfit their sales staff with Workface profiles because a meaningful online interaction is more likely to lead to a face-to-face sales meeting.</p>
<p><strong>About Workface</strong><br />
<strong><a href="http://workface.com/">Workface Inc.</a></strong>, headquartered in Minneapolis, Minn., is a technology company that helps other companies market their products and services by promoting their employees’ expertise and helping their staff engage with prospects online and in real time. Its customer-engagement platform enables sales and service professionals to create interactive profiles wherein they can chat with sales prospects and move them to the next stage in the buying process. More than 75,000 professionals in over 2,500 different companies are now using Workface technology.</p>
<p><strong>About Arthur Ventures</strong><br />
Arthur Ventures is a venture capital fund that seeks investment opportunities in seed and early stage technology companies in the upper midwest region. The firm was co-founded by Doug Burgum, former senior VP of Microsoft Business Solutions and CEO of Great Plains Software. For more information, go to <strong><a href="http://www.arthurventures.com">www.arthurventures.com</a></strong>.</p>
<p><strong>About Omphalos Venture Partners</strong><br />
Omphalos Venture Partners works with founders and entrepreneurial management teams who aspire to achieve excellence. The firm is actively seeking investment opportunities in privately held, U.S.-based, early stage consumer, health care and information technology companies. For more information, visit <strong><a href="http://www.omphalosventures.com">www.omphalosventures.com</a></strong>.</p>
<p><i><a href="http://minnov8.com/2011/07/26/workface-lands-900k-in-venture-capital/">Workface Lands $900k in Venture Capital</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Minnov8 Gang 121 &#8211; Starting the Startup</title>
		<link>http://minnov8.com/2011/04/29/minnov8-gang-121-starting-the-startup/</link>
		<comments>http://minnov8.com/2011/04/29/minnov8-gang-121-starting-the-startup/#comments</comments>
		<pubDate>Fri, 29 Apr 2011 15:57:47 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[University of Minnesota]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6464</guid>
		<description><![CDATA[Without question startups need world-class legal counsel. From choosing what kind of legal entity to use (e.g., S-corp; LLC; LLP) to funding with private equity or debt while also protecting the intellectual property value of the business, it&#8217;s always a challenge to find legal representation with a combination of tech-savvy, cutting-edge awareness and trust. New [...]<p><i><a href="http://minnov8.com/2011/04/29/minnov8-gang-121-starting-the-startup/">Minnov8 Gang 121 &#8211; Starting the Startup</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-6465" title="startstartup" src="http://minnov8.com/wp-content/uploads/2011/04/startstartup.png" alt="" width="544" height="397" />Without question startups need world-class legal counsel. From choosing what kind of legal entity to use (e.g., S-corp; LLC; LLP) to funding with private equity or debt while also protecting the intellectual property value of the business, it&#8217;s always a challenge to find legal representation with a combination of tech-savvy, cutting-edge awareness and trust.</p>
<p><strong><a href="http://newcounsel.com/">New Counsel, PLC</a></strong> are business attorneys serving the needs of entrepreneurs and companies that market technology or rely on it for strategic advantage. They cater to the needs of the technology industry through broad and deep experience, their diligence, and what they term their &#8220;competitive fees&#8221;. Many of you know them as a firm likely to be a sponsor of Minnesota technology events like <strong><a href="http://minnestar.org/minnedemo/">Minnedemo</a></strong>, <strong><a href="http://mobilemarchtc.com">Mobile March</a></strong> and many others.</p>
<p>We&#8217;re pleased to have one of the principals of New Counsel on this week&#8217;s show, <strong><a href="http://newcounsel.com/roberts.html">John Roberts</a></strong>, who brings with him an incredible background in high technology counsel. We discuss the startup scene in Minnesota, what they offer and more.</p>
<p><strong>Hosts: Steve Borsch, Tim Elliott, Graeme Thickins and Phil Wilson.</strong><br />
<strong><strong>Music: <a href="http://music.podshow.com/music/listeners/artistdetails.php?BandHash=a72ec2070c2c710201ad548a12a6b08d">Katie Webster</a> </strong>is the artist &amp; the song is “<strong>C.Q. Boogie</strong>” via the podsafe <a href="http://www.musicalley.com/"><strong>Music Alley</strong></a>.<br />
</strong></p>
<p><strong>Discussed during the show:</strong></p>
<ul>
<li><strong><a href="http://storify.com/">Storify</a>; </strong><strong><a href="http://www.colorwarepc.com/">Colorware</a>; </strong><strong><a href="http://civicrm.org/">CiviCRM</a>; </strong><strong><a href="http://www.doapps.com/">DoApp</a>; </strong><strong><a href="http://breakthroughideas.org/">Minnesota Cup</a> </strong></li>
<li><strong>MN Startups mentioned by John:</strong>
<ul>
<li><strong><a href="http://www.8thbridge.com">8th Bridge</a></strong></li>
<li><strong><a href="http://zencoder.com/">Zencoder</a></strong></li>
<li><strong><a href="http://www.amcomsoftware.com">Amcom Software</a></strong></li>
<li><strong><a href="http://www.startribune.com/business/120808919.html">Vital Images, acquired by Toshiba</a></strong></li>
</ul>
</li>
<li><strong>Upcoming Events:</strong>
<ul>
<li><strong>May 2: <a href="http://www.mima.org/mimaevts/index.asp?eventID=271">MIMA “CATFOA</a></strong>” (ad agencies are getting into the software business?)</li>
<li><strong>May 6th: <a href="http://www.misrc.umn.edu/seminars/2011-05-06/">U of MN Mobile Technology: Adoption, Design and Sustainability Lessons</a></strong></li>
<li><strong>May 7th: <a href="http://sessions.minnestar.org/">Minnebar</a> (<a href="http://minnebar.eventbrite.com/">tickets</a>)</strong></li>
<li><strong>May 13: <a href="http://www.mima.org/mimaevts/index.asp?eventID=276">MIMA “iOS Strategy, Design, and Development Workshops”</a></strong> (SOLD OUT)</li>
</ul>
</li>
</ul>
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<p><i><a href="http://minnov8.com/2011/04/29/minnov8-gang-121-starting-the-startup/">Minnov8 Gang 121 &#8211; Starting the Startup</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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			<itunes:keywords>Startups &amp; Developers,University of Minnesota,venture capital</itunes:keywords>
		<itunes:subtitle>Without question startups need world-class legal counsel. From choosing what kind of legal entity to use (e.g., S-corp; LLC; LLP) to funding with private equity or debt while also protecting the intellectual property value of the business,</itunes:subtitle>
		<itunes:summary>Without question startups need world-class legal counsel. From choosing what kind of legal entity to use (e.g., S-corp; LLC; LLP) to funding with private equity or debt while also protecting the intellectual property value of the business, it&#039;s always a challenge to find legal representation with a combination of tech-savvy, cutting-edge awareness and trust.

New Counsel, PLC are business attorneys serving the needs of entrepreneurs and companies that market technology or rely on it for strategic advantage. They cater to the needs of the technology industry through broad and deep experience, their diligence, and what they term their &quot;competitive fees&quot;. Many of you know them as a firm likely to be a sponsor of Minnesota technology events like Minnedemo, Mobile March and many others.

We&#039;re pleased to have one of the principals of New Counsel on this week&#039;s show, John Roberts, who brings with him an incredible background in high technology counsel. We discuss the startup scene in Minnesota, what they offer and more.

Hosts: Steve Borsch, Tim Elliott, Graeme Thickins and Phil Wilson.
Music: Katie Webster is the artistÂ &amp; the song is âC.Q. Boogieâ via the podsafeÂ Music Alley.


Discussed during the show:

	Storify; Colorware; CiviCRM; DoApp; Minnesota Cup 
	MN Startups mentioned by John:

	8th Bridge
	Zencoder
	Amcom Software
	Vital Images, acquired by Toshiba


	Upcoming Events:

	May 2: MIMA âCATFOAâ (ad agencies are getting into the software business?)
	May 6th: U of MN Mobile Technology: Adoption, Design and Sustainability Lessons
	May 7th: Minnebar (tickets)
	May 13: MIMA âiOS Strategy, Design, and Development Workshopsâ (SOLD OUT)</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>48:41</itunes:duration>
	</item>
		<item>
		<title>Minnov8 Gang 111 &#8211; The Throng Can&#8217;t be Wrong</title>
		<link>http://minnov8.com/2011/02/11/minnov8-gang-111-the-throng-cant-be-wrong/</link>
		<comments>http://minnov8.com/2011/02/11/minnov8-gang-111-the-throng-cant-be-wrong/#comments</comments>
		<pubDate>Fri, 11 Feb 2011 16:44:41 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6395</guid>
		<description><![CDATA[We talk with Aaron Weber, co-founder of an already successful startup (W3i) and now a new, exciting personalized and social discovery engine called Inveni. We talk with Aaron about this new platform, his recent influx of venture capital (nearly $500K) discussed in this high profile article at Techcrunch, and what&#8217;s next. We then shift our [...]<p><i><a href="http://minnov8.com/2011/02/11/minnov8-gang-111-the-throng-cant-be-wrong/">Minnov8 Gang 111 &#8211; The Throng Can&#8217;t be Wrong</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-6396" title="aaron-weber" src="http://minnov8.com/wp-content/uploads/2011/02/aaron-weber.jpg" alt="" width="544" height="397" /> We talk with <strong><a href="http://www.linkedin.com/in/aarondweber">Aaron Weber</a></strong>, co-founder of an already successful startup (<strong><a href="http://www.w3i.com/">W3i</a>)</strong> and now a new, exciting personalized and social discovery engine called <strong><a href="http://www.inveni.com/">Inveni</a></strong>. We talk with Aaron about this new platform, his recent influx of venture capital (nearly $500K) discussed in <a style="font-weight: bold;" href="http://techcrunch.com/2011/02/10/movie-and-music-recommendation-startup-inveni-closes-483k-funding-round/">this high profile article at Techcrunch</a>, and what&#8217;s next.</p>
<p>We then shift our discussion to another area being impacted by the &#8220;<strong><a href="http://en.wikipedia.org/wiki/Wisdom_of_the_crowd">wisdom of the crowd</a></strong>&#8220;, namely the newspaper and magazine industries. We talk about Rupert Murdoch&#8217;s new &#8220;<strong><a href="http://itunes.apple.com/us/app/the-daily/id411516732?mt=8">The Daily</a></strong>&#8221; iPad app and whether it&#8212;following the old publishing model of a small group writing and deciding on content being published once as one, big chunk of content&#8212;is the future of newspapers and magazines or is it one where the crowd decides what are the most important stories and then drive them to the top?</p>
<p><strong>Hosts:</strong> <strong>Steve Borsch</strong>, <strong>Tim Elliott, Graeme Thickins</strong> and <strong>Phil Wilson</strong>.<br />
<strong>Music: <a href="http://music.podshow.com/music/listeners/artistdetails.php?BandHash=02abafe140b2a5e3dbe7ff534a055ced">Brian Kelly</a> </strong>is the artist &amp; the song is “<strong>Smiling South</strong>” via the podsafe <a href="http://www.musicalley.com/"><strong>Music Alley</strong></a>.</p>
<p><strong>Discussed during the show:</strong></p>
<div>
<ul id="internal-source-marker_0.9546610068064183">
<li><strong><a href="http://www.ibtimes.com/articles/111480/20110211/hp-webos-touchpad-tablet-motorola-xoom-apple-ipad-android-3-0-honeycomb-qualcomm-snapdragon-qnx-play.htm">HP WebOS Touchpad vs. Motorola&#8217;s Android-based Xoom</a></strong></li>
<li><strong><a href="http://thedailyindexed.tumblr.com/">The Daily:Indexed</a></strong></li>
<li><strong><a href="http://flipboard.com/">Flipboard</a></strong></li>
<li><strong>Nokia in deal with Microsoft for Windows Phone 7: <a href="http://conversations.nokia.com/2011/02/11/open-letter-from-ceo-stephen-elop-nokia-and-ceo-steve-ballmer-microsoft/">Open Letter from both CEOs</a></strong></li>
<li><strong><a href="http://techcrunch.com/2011/02/10/movie-and-music-recommendation-startup-inveni-closes-483k-funding-round/">Movie And TV Recommendation Startup Inveni Closes $483K Funding Round</a> (TechCrunch)</strong></li>
<li><strong>Press Release: <a href="http://www.prweb.com/releases/2011/02/prweb5056674.htm" target="_blank">Inveni Announces Additional Funding to Revolutionize the Way Consumers Interact with Media</a></strong></li>
<li><strong> </strong><strong><a href="http://www.engadget.com/2011/02/10/verizon-iphone-hits-the-streets-fails-to-gather-crowds-video/">Verizon iPhone hits the streets, fails to gather crowds (video)</a></strong></li>
<li><strong><a href="http://www.engadget.com/2011/02/10/verizon-iphone-hits-the-streets-fails-to-gather-crowds-video/"></a></strong><strong><a href="http://www.patch.com/">Patch.com</a> and the <a href="http://lakeville.patch.com">hyperlocal site</a> Tim and Phil use</strong></li>
<li><strong> </strong><strong><a href="http://www.godengo.com/">Godengo</a></strong></li>
<li><strong><a href="http://www.godengo.com/"></a></strong><strong><a href="http://techmeme.com/">Techmeme</a></strong></li>
<li><strong><a href="http://techmeme.com/"></a></strong><strong><a href="http://www.blogrunner.com/">Blogrunner</a></strong></li>
<li><strong><a href="http://www.blogrunner.com/"></a></strong><strong><a href="http://www.minnpost.com">MinnPost</a></strong></li>
<li><strong><a href="http://www.minnpost.com"></a></strong><strong><a href="http://voices.washingtonpost.com/arts-post/2011/02/homespun_costumes_for_super_bo.html">Superbowl Costumes</a> </strong>(done by company in Baxter, MN near Brainerd)</li>
</ul>
</div>
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<p><i><a href="http://minnov8.com/2011/02/11/minnov8-gang-111-the-throng-cant-be-wrong/">Minnov8 Gang 111 &#8211; The Throng Can&#8217;t be Wrong</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2011/02/11/minnov8-gang-111-the-throng-cant-be-wrong/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20110210_M8_Gang_111.mp3" length="58206412" type="audio/mpeg" />
			<itunes:keywords>mobile,Startups &amp; Developers,venture capital</itunes:keywords>
		<itunes:subtitle>We talk with Aaron Weber, co-founder of an already successful startup (W3i) and now a new, exciting personalized and social discovery engine called Inveni. We talk with Aaron about this new platform, his recent influx of venture capital (nearly $500K) ...</itunes:subtitle>
		<itunes:summary>We talk with Aaron Weber, co-founder of an already successful startup (W3i) and now a new, exciting personalized and social discovery engine called Inveni. We talk with Aaron about this new platform, his recent influx of venture capital (nearly $500K) discussed in this high profile article at Techcrunch, and what&#039;s next.

We then shift our discussion to another area being impacted by the &quot;wisdom of the crowd&quot;, namely the newspaper and magazine industries. We talk about Rupert Murdoch&#039;s new &quot;The Daily&quot; iPad app and whether it---following the old publishing model of a small group writing and deciding on content being published once as one, big chunk of content---is the future of newspapers and magazines or is it one where the crowd decides what are the most important stories and then drive them to the top?

Hosts: Steve Borsch,Â Tim Elliott, Graeme Thickins andÂ Phil Wilson.
Music: Brian Kelly is the artistÂ &amp; the song is âSmiling Southâ via the podsafeÂ Music Alley.

Discussed during the show:


	HP WebOS Touchpad vs. Motorola&#039;s Android-based Xoom
	The Daily:Indexed
	Flipboard
	Nokia in deal with Microsoft for Windows Phone 7: Open Letter from both CEOs
	Movie And TV Recommendation Startup Inveni Closes $483K Funding Round (TechCrunch)
	Press Release: Inveni Announces Additional Funding to Revolutionize the Way Consumers Interact with Media
	 Verizon iPhone hits the streets, fails to gather crowds (video)
	Patch.com and the hyperlocal site Tim and Phil use
	 Godengo
	Techmeme
	Blogrunner
	MinnPost
	Superbowl Costumes (done by company in Baxter, MN near Brainerd)</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>1:00:38</itunes:duration>
	</item>
		<item>
		<title>Apply for the Minnesota Angel Tax Credit for 2011</title>
		<link>http://minnov8.com/2011/01/10/minnesota-angel-tax-credit-2011/</link>
		<comments>http://minnov8.com/2011/01/10/minnesota-angel-tax-credit-2011/#comments</comments>
		<pubDate>Mon, 10 Jan 2011 14:15:39 +0000</pubDate>
		<dc:creator>Sam Glover</dc:creator>
				<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[Angel Tax Credit]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[financial statements]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6352</guid>
		<description><![CDATA[If you are raising capital for your tech startup, get certified for the Minnesota Angel Tax Credit as early as possible this year. The Angel Tax Credit is a huge incentive for investors. It helps them manage the risk associated with new ventures, and it may also indicate that your company is a safer bet [...]<p><i><a href="http://minnov8.com/2011/01/10/minnesota-angel-tax-credit-2011/">Apply for the Minnesota Angel Tax Credit for 2011</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.flickr.com/photos/samdogs/3147062577/"><img class="alignright size-full wp-image-6354" src="http://minnov8.com/wp-content/uploads/2011/01/angel.jpg" alt="" width="250" height="269" /></a>If you are raising capital for your tech startup, get certified for the Minnesota Angel Tax Credit as early as possible this year. The Angel Tax Credit is a huge incentive for investors. It helps them manage the risk associated with new ventures, and it may also indicate that your company is a safer bet than an uncertified company.</p>
<p>The Minnesota Angel Tax Credit is an income tax refund equal to 25% of all eligible investments. There is over $12 million per year available to investors for 2011 through 2014, but <a href="http://www.positivelyminnesota.com/Business/Financing_a_Business/Angel_Tax_Credit/Angel_Tax_Credit_Allocation_List.pdf" target="_blank">less than $2.5 million was allocated to 19 companies in 2010</a>, so there is plenty of room for more companies and investors to participate in the Angel Tax Credit program this year.</p>
<p><span id="more-6352"></span></p>
<h3>Applying for the Angel Tax Credit</h3>
<p>In order to take advantage of the Minnesota Angel Tax Credit, both the company <em>and</em> the investor must be certified. So start getting your business certified now. To apply for Angel Tax Credit certification, get in touch with your accountant and your lawyer. They will need to put together a board resolution, a capitalization table, a set of financial statements, and your most-recent tax return, unless your company is brand new. You may also want help filling out the application itself.</p>
<p>New startups can submit <em>pro forma</em> financial statements, but ongoing companies must submit financial statements from a public accounting firm. Of course, if the Angel Tax Credit attracts more money for your company, the modest (assuming you have been keeping accurate books yourself) cost of getting financial statements from a CPA should be well worth it.</p>
<p>The financial statements requirement is the main reason why an Angel Tax Credit–certified company is more attractive to investors than an uncertified company: most private startups do not have even rudimentary financial statements or information available. Just knowing you have them is helpful, and the statements can help investors become better-informed, happier investors if you choose to share them.</p>
<p>Once you submit your company&#8217;s application, DEED will approve or reject it within 30 days, although it generally happens in a week or two, as long as your application is complete. Assembling the application materials usually takes longer than DEED takes to approve the application itself.</p>
<h3>Helping investors get certified for the Angel Tax Credit</h3>
<p>Once your company is certified, you need to find <a href="http://www.positivelyminnesota.com/Business/Financing_a_Business/Angel_Tax_Credit/Angel_Tax_Credit_Qualified_Investor_List.pdf" target="_blank">investors who are also certified</a>, or else you have to give investors a chance to get certified <em>before</em> they write you a check. Some companies help investors get certified, since certified investors are more likely to invest—or to invest more—with the Minnesota Angel Tax Credit incentive.</p>
<p>The investor application is deceptively simple. The hard part is knowing which box to check for the type of investor. Accredited investors can probably find the right box on their own; you may want help from an attorney to make sure unaccredited investors get the right box checked.</p>
<p>Once the investor submits the application, DEED has up to 30 days to accept or reject it. This is why it is a good idea to get your company certified right away; the entire process will take less time if your company is already certified.</p>
<h3>Apply for the Angel Tax Credit before completing the investment</h3>
<p>Before the investor writes a check, your company and the investor must jointly apply for allocation of the Minnesota Angel Tax Credit for the investment transaction. Your business—together with your lawyer—can take the lead on this. DEED will approve or reject the application within 15 days, and then the investment can go forward.</p>
<p>Getting your company and investors certified, and then getting the investment approved can take a couple months. That&#8217;s why, if you will be raising capital in 2011, you should get your company certified right away.</p>
<p><strong><em><a href="http://samglover.net" target="_blank">Sam Glover</a></em></strong><em> is a <em><a href="http://startuplawyer.mn/" target="_blank">Minneapolis business lawyer for geeks</a></em><em>. He also edits the </em><a href="http://lawyerist.com/" target="_blank"><em>law firm marketing and practice blog Lawyerist</em></a><em>, Lawyerist, and </em><a href="http://caveatemptorblog.com/" target="_blank"><em>Caveat Emptor</em></a><em>, a consumer law blog, and speaks frequently on law practice and lawyering.</em></p>
<p><i><a href="http://minnov8.com/2011/01/10/minnesota-angel-tax-credit-2011/">Apply for the Minnesota Angel Tax Credit for 2011</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2011/01/10/minnesota-angel-tax-credit-2011/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
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		<title>Minnov8 Gang 98 &#8211; Who Needs Money?</title>
		<link>http://minnov8.com/2010/10/15/minnov8-gang-98-who-needs-money/</link>
		<comments>http://minnov8.com/2010/10/15/minnov8-gang-98-who-needs-money/#comments</comments>
		<pubDate>Fri, 15 Oct 2010 15:24:40 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6043</guid>
		<description><![CDATA[The Gang covers a lot of topics on this show but primarily focuses on money. Who needs it? Hosts: Steve Borsch, Graeme Thickins and Phil Wilson (Tim Elliott is off this week). Music:  Scott McLean &#38; his song “Big White Limousine” via the podsafe Music Alley. Discussed During the Show: + Federal Reserve Chairman Ben Bernanke just announced the [...]<p><i><a href="http://minnov8.com/2010/10/15/minnov8-gang-98-who-needs-money/">Minnov8 Gang 98 &#8211; Who Needs Money?</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-6044" title="98" src="http://minnov8.com/wp-content/uploads/2010/10/98.jpg" alt="" width="544" height="397" /></p>
<p>The Gang covers a lot of topics on this show but primarily focuses on money. Who needs it?</p>
<p><strong>Hosts:</strong> <strong>Steve Borsch</strong>, <strong>Graeme Thickins</strong> and <strong>Phil Wilson </strong>(Tim Elliott is off this week).<br />
<strong>Music:  <a href="http://www.musicalley.com/music/producers/producerLibrary/artistdetails.php?BandHash=030dbc9c210e34feb824e10613ec0280">Scott McLean</a> </strong>&amp; his song “<strong>Big White Limousine</strong>” via the podsafe <a href="http://www.musicalley.com/"><strong>Music Alley</strong></a>.</p>
<p><strong>Discussed During the Show:</strong></p>
<p style="padding-left: 30px;">+ Federal Reserve Chairman Ben Bernanke <a href="http://www.washingtonpost.com/wp-dyn/content/article/2010/10/15/AR2010101501819.html?hpid=topnews">just announced</a> the Fed is focused on more stimulus. Confidence is the issue for both businesses and consumers&#8230;will this help?<br />
+ <a href="http://www.collaborative.net/venture_conference_2010/agenda.cfm">MN Venture &amp; Finance Conference</a> (<a href="http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/">liveblogged by Graeme</a>)<br />
+ <a href="http://www.startribune.com/business/104998114.html">Weak venture funding shows ‘capital shortage’ </a><br />
+ <a href="http://finance-commerce.com/2010/10/revenge-of-the-nerdery-50-new-openings-in-2010/">Nerdery added 50 new jobs!</a><br />
+ <a href="http://minnov8.com/2010/10/14/cram%e2%84%a2-to-deliver-tv-movies-music-in-actual-hd/">Daren Klum of CRAM™ Worldwide interview</a></p>
<p style="padding-left: 30px;">+ Upcoming Events:</p>
<p style="padding-left: 60px;">- <a href="http://magnet360executivebriefing.eventbrite.com">Magnet 360 Exec Briefing</a><br />
- <a href="http://www.mhta.org">MN High Tech Association</a>&#8216;s <a href="http://www.tekneawards.org/">Tekne Awards</a><br />
- <a href="http://www.dtc.umn.edu/">U of MN Digital Tech Center</a> event, “<a href="http://www.google.com/url?q=http%3A%2F%2Fwww.dtc.umn.edu%2Fseminars%2Fevents.php%3Feventdesc%3D574&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNGQu2g3bPRB25chKlQqRvPIdPbRWw">What Went Wrong? How the Internet Stagnated, or The 30 Years War of the Bellheads and the Bitheads</a>”<br />
- <a href="http://www.google.com/url?q=http%3A%2F%2Fsmbmsp30.eventbrite.com%2F%3Fref%3Debtn&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNGaDqopbv0p2zPjvY1KQGD6OxGTtg">Social Media Breakfast, Social Media Meets Travel &amp; Tourism</a> moderated by Phil Wilson.</p>
<p style="padding-left: 60px;">

<p><i><a href="http://minnov8.com/2010/10/15/minnov8-gang-98-who-needs-money/">Minnov8 Gang 98 &#8211; Who Needs Money?</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2010/10/15/minnov8-gang-98-who-needs-money/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20101015_M8_Gang_98.mp3" length="50731201" type="audio/mpeg" />
			<itunes:keywords>Startups &amp; Developers,venture capital</itunes:keywords>
		<itunes:subtitle>The Gang covers a lot of topics on this show but primarily focuses on money. Who needs it? - Hosts: Steve Borsch,Â Graeme Thickins andÂ Phil Wilson (Tim Elliott is off this week). Music: Â Scott McLean &amp; his song âBig White Limousineâ via the pod...</itunes:subtitle>
		<itunes:summary>The Gang covers a lot of topics on this show but primarily focuses on money. Who needs it?

Hosts: Steve Borsch,Â Graeme Thickins andÂ Phil Wilson (Tim Elliott is off this week).
Music: Â Scott McLean &amp; his song âBig White Limousineâ via the podsafeÂ Music Alley.

Discussed During the Show:
+Â Federal Reserve Chairman Ben Bernanke just announced the Fed is focused on more stimulus. Confidence is the issue for both businesses and consumers...will this help?
+ MN Venture &amp; Finance Conference (liveblogged by Graeme)
+Â Weak venture funding shows âcapital shortageâ 
+Â Nerdery added 50 new jobs!
+ Daren Klum of CRAMâ¢ Worldwide interview
+ Upcoming Events:
- Magnet 360 Exec Briefing
- MN High Tech Association&#039;s Tekne Awards
- U of MN Digital Tech Center event, âWhat Went Wrong? How the Internet Stagnated, or The 30 Years War of the Bellheads and the Bitheadsâ
- Social Media Breakfast, Social Media Meets Travel &amp; Tourism moderated by Phil Wilson.</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>52:51</itunes:duration>
	</item>
		<item>
		<title>LiveBlog: &#8220;MN Venture &amp; Finance Conference&#8221; &#8211; 10/14/2010</title>
		<link>http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/</link>
		<comments>http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/#comments</comments>
		<pubDate>Thu, 14 Oct 2010 03:05:56 +0000</pubDate>
		<dc:creator>Graeme Thickins</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Minnov8 Liveblogging]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[clean tech]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[med tech]]></category>
		<category><![CDATA[Minnesota]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=6004</guid>
		<description><![CDATA[The Minnesota Venture &#38; Finance Conference, co-hosted by the Minnesota Venture Capital Association and The Collaborative, is being held at the Minneapolis Convention Center on Thursday, October 14.  I&#8217;ll be in attendance all day live-blogging the event, right here, starting at 7:45 am when the program begins.  For the latest official agenda, click here.  Initially, [...]<p><i><a href="http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/">LiveBlog: &#8220;MN Venture &#038; Finance Conference&#8221; &#8211; 10/14/2010</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p>The Minnesota Venture &amp; Finance Conference, co-hosted by the Minnesota Venture Capital Association and The Collaborative, is being held at the Minneapolis Convention Center on Thursday, October 14. <a href="http://minnov8.com/wp-content/uploads/2010/10/MNventure_finance_conf.jpg"><img class="alignleft size-full wp-image-6008" title="MNventure_finance_conf" src="http://minnov8.com/wp-content/uploads/2010/10/MNventure_finance_conf.jpg" alt="" width="350" height="74" /></a> I&#8217;ll be in attendance all day live-blogging the event, right here, starting at 7:45 am when the program begins.  For the latest official agenda, <a href="http://www.collaborative.net/venture_conference_2010/agenda.cfm" target="_blank">click here</a>.  Initially, I&#8217;m going to allow all tweets that contain the event&#8217;s hashtag (<strong>#mnconf</strong>) to appear in the live-blog.  If the volume of those tweets gets to be too much, I may shut off that feature, or choose to allow only certain tweets to appear. It will be a full day of speakers, panels, and startup pitches!</p>
<p><iframe src="http://www.coveritlive.com/index2.php/option=com_altcaster/task=viewaltcast/altcast_code=9020dee6bc/height=500/width=520" scrolling="no" height="500px" width="520px" frameBorder ="0" ><a href="http://www.coveritlive.com/mobile.php/option=com_mobile/task=viewaltcast/altcast_code=9020dee6bc" >MN Venture &#038; Finance Conference</a></iframe></p>
<p><i><a href="http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/">LiveBlog: &#8220;MN Venture &#038; Finance Conference&#8221; &#8211; 10/14/2010</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2010/10/13/live-blog-mn-venture-finance-conference-october-14-2010/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>In Its 24th Year, Venture Conference Asks If Minnesota Has &#8216;Lost It&#8217;</title>
		<link>http://minnov8.com/2010/10/10/in-its-24th-year-venture-conference-asks-if-minnesota-has-lost-it/</link>
		<comments>http://minnov8.com/2010/10/10/in-its-24th-year-venture-conference-asks-if-minnesota-has-lost-it/#comments</comments>
		<pubDate>Sun, 10 Oct 2010 14:25:40 +0000</pubDate>
		<dc:creator>Graeme Thickins</dc:creator>
				<category><![CDATA[Emerging MN Companies]]></category>
		<category><![CDATA[Events]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[angel investing]]></category>
		<category><![CDATA[early-stage]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Minnesota]]></category>
		<category><![CDATA[seed-stage]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[tech]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=5964</guid>
		<description><![CDATA[We&#8217;ll find out Thursday, because I&#8217;ll be there to live-blog it all: the proceedings of the annual Minnesota Venture &#38; Finance Conference at the Minneapolis Convention Center, co-hosted as always by the Minnesota Venture Capital Association and The Collaborative. The blue-suit crowd will turn out once more to hash over where, oh, where is venture [...]<p><i><a href="http://minnov8.com/2010/10/10/in-its-24th-year-venture-conference-asks-if-minnesota-has-lost-it/">In Its 24th Year, Venture Conference Asks If Minnesota Has &#8216;Lost It&#8217;</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://minnov8.com/wp-content/uploads/2010/10/MN_VentureFinanceConf2010.jpg"><img class="alignleft size-full wp-image-5968" title="MN_VentureFinanceConf2010" src="http://minnov8.com/wp-content/uploads/2010/10/MN_VentureFinanceConf2010.jpg" alt="" width="140" height="270" /></a>We&#8217;ll find out Thursday, because I&#8217;ll be there to live-blog it all: the proceedings of the annual <a href="http://www.collaborative.net/blasts/blast_current.cfm" target="_blank">Minnesota Venture &amp; Finance Conference</a> at the Minneapolis Convention Center, co-hosted as always by the <a href="http://www.mnvca.org/" target="_blank">Minnesota Venture Capital Association</a> and <a href="http://www.collaborative.net/" target="_blank">The Collaborative</a>. The blue-suit crowd will turn out once more to hash over where, oh, where is venture investing going in our state, and whether Minnesota is holding its own or falling behind in relation to other states. <a href="http://minnov8.com/wp-content/uploads/2010/10/MVCA-logo1.jpg"><img class="alignright size-full wp-image-5991" title="MVCA-logo" src="http://minnov8.com/wp-content/uploads/2010/10/MVCA-logo1.jpg" alt="" width="175" height="62" /></a></p>
<p><a href="http://minnov8.com/wp-content/uploads/2010/10/TheCollaborative-logo.jpg"><img class="alignright size-full wp-image-5972" title="TheCollaborative-logo" src="http://minnov8.com/wp-content/uploads/2010/10/TheCollaborative-logo.jpg" alt="" width="175" height="64" /></a>This is great sport, people!  We can&#8217;t beat Wisconsin in college football for seven years straight, but, oh yeah, we got those cheeseheads when it comes to the game of innovation!  Or do we?  (And, Gopher fans, I won&#8217;t even bring up South Dakota.  Shees.)</p>
<p>&#8220;Innovation?  Jobs?  Has Minnesota lost it?  Not for one day in October we haven&#8217;t,&#8221; says The Collaborative in one of its promos.  &#8220;2010 marks our second full year of the worldwide recessionary malaise.  Our state&#8217;s economy is also not what anyone is calling &#8216;robust&#8217;.  Our unemployment rate is higher than it&#8217;s been in decades.  On the plus side, we&#8217;re still one of the brightest economies in the nation,&#8221; the pitch goes on to say.</p>
<p>&#8220;The positive gap between our jobless rate as compared to the nation is at its highest in 30 years… Yet we also hear many reports of our state losing its way in innovation.&#8221;</p>
<p>Can you sense the drama, people?  I&#8217;m nervously doing finger and hand exercises right now, in great anticipation of the nuances I may be able to capture on my Macbook or iPad (decisions, decisions) as I contemplate the live-blogging nirvana that awaits me Thursday.  It has me breathing heavy.</p>
<p>&#8220;Last year, in the throes of the recession, 54 companies gave presentations, 400+ investors and entrepreneurs came, shared, and discussed growth in tough times,&#8221; <a href="http://minnov8.com/wp-content/uploads/2010/10/DanCarr-Collaborative1.jpg"><img class="alignright size-full wp-image-5983" title="DanCarr-Collaborative" src="http://minnov8.com/wp-content/uploads/2010/10/DanCarr-Collaborative1.jpg" alt="" width="100" height="124" /></a>said Dan Carr, CEO of The Collaborative, in his announcement of this year&#8217;s event.  &#8220;It actually felt optimistic! These companies also go on to create jobs.  Lots of them.  Minnesota is 8th in the nation in venture backed employment: 365,000 jobs.&#8221;  (No word on how many of those people may have been laid off in recent times because those ventures couldn&#8217;t raise enough money.)</p>
<p>Carr continues:  &#8220;This year&#8217;s &#8216;homecoming&#8217; promises another day-long celebration of &#8216;doing&#8217; more than &#8216;hand wringing&#8217;.  It&#8217;s true that some of our greatest companies rise from difficult times.  Our annual conference has a knack for bringing together Minnesota&#8217;s best &#8216;Up &amp; Comers&#8217;.&#8221;</p>
<p><span id="more-5964"></span>The 2010 version of the conference will begin with a look at the current state of venture investing, by way of an opening address from John Taylor of the National Venture Capital Association.  That will be followed by 18 Presenting Companies giving seven-minute presentations, plus somewhere between 20 and 30 more startups in the &#8220;Entrepreneurial Showcase&#8221; giving one-minute introductions.  (I&#8217;ll be particularly interested to see if any of those entrepreneurs can make a impact in that minuscule amount of time.  I&#8217;ve heard several of the new 90-second &#8220;Alpha Pitches&#8221; at the last few DEMO conferences in California, most of which fail to impress, and they have 50% more time.)</p>
<p>Notable in the 2010 presenter group, says The Collaborative, is the mix of industries and stages… &#8220;reflecting Minnesota&#8217;s variety and also our strengths: Medtech (Inspire Medical Systems, Galil Medical, and InterValve) … Cleantech (EarthClean, tenKsolar and Packet Power) … Technology (Alvenda and Swift Knowledge) … and mouth guard maker Bite Tech … and more.&#8221;  (I don&#8217;t know about you, but I beam with pride when I tell people about Minnesota&#8217;s rich tradition in mouth protection.)</p>
<p>But wait, there&#8217;s more!  Panels and workshops during the day (<a href="http://www.collaborative.net/venture_conference_2010/speakers.cfm" target="_blank">speakers and panelists</a>) will address these topics:</p>
<p><strong>• Financing Innovation circa 2010:  Angel, Venture Capital, and Private Equity<br />
• Medtech in 2010:  Innovating with New Science, Products, and Markets amid FDA and Reimbursement Challenges<br />
• Next Generation Technology:  Minnesota&#8217;s Unique Advantages and Opportunities<br />
• Financing in a Challenging Economy<br />
• Exit Strategies<br />
• Intellectual Property and Financing<br />
• Going Public<br />
• Planning Your Long-Term Financing Strategy</strong></p>
<p>You can still <a href="https://www.collaborative.net/venture_conference_2010/registration.cfm" target="_blank">register</a> for the event.  And (pssst) I hear the &#8220;MHTA&#8221; might even have a $100-off discount code.</p>
<p>Some 350 or more are expected at the confab, Carr tells me.  Sure, I know most of them already &#8212; but the thought that some in the group may be potential new social media friends for me makes me almost giddy.  And, doggone it, I don&#8217;t even have to drive to Wisconsin or South Dakota to meet them.  (This conference has been attracting more and more out-of-state attendees in recent years, which is commendable.)</p>
<p>The Twitter hashtag for the event is <strong>#mnconf</strong>.  I wonder how many of the blue suits might be tweeting.  Not holding my breath on that, but maybe I&#8217;ll set my live-blog software to display all the tweets attendees are blurting out during the event.  It&#8217;s time we loosened up this venerable conference a bit &#8212; thank God Twitter happened, huh?</p>
<p>Watch for our post with the link to my live blog here on Minnov8, which we&#8217;ll have up by late Wednesday.</p>
<p><i><a href="http://minnov8.com/2010/10/10/in-its-24th-year-venture-conference-asks-if-minnesota-has-lost-it/">In Its 24th Year, Venture Conference Asks If Minnesota Has &#8216;Lost It&#8217;</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		<title>Is Perception the Reality with MN Venture Funding?</title>
		<link>http://minnov8.com/2010/07/16/is-perception-the-reality-with-mn-venture-funding/</link>
		<comments>http://minnov8.com/2010/07/16/is-perception-the-reality-with-mn-venture-funding/#comments</comments>
		<pubDate>Fri, 16 Jul 2010 14:08:36 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=5522</guid>
		<description><![CDATA[All the effort underway to kickstart innovation and entrepreneurial activity ((e.g., MHTA; MNCup; MOJO MN; Minnedemo/Minnebar; Minnov8; tech.mn) is clearly a reaction to the nearly terminal decline of risk taking and venture funding in Minnesota. Wherever there is a vacuum, something will fill it! How true is the perception that Minnesota lacks funding and risk-taking venture capitalists? If you read [...]<p><i><a href="http://minnov8.com/2010/07/16/is-perception-the-reality-with-mn-venture-funding/">Is Perception the Reality with MN Venture Funding?</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://minnov8.com/wp-content/uploads/2010/07/vc-money.jpg"><img class="alignleft size-medium wp-image-5523" title="vc-money" src="http://minnov8.com/wp-content/uploads/2010/07/vc-money-223x300.jpg" alt="" width="156" height="210" /></a>All the effort underway to kickstart innovation and entrepreneurial activity ((e.g., <a href="http://www.mhta.org">MHTA</a>; <a href="http://breakthroughideas.org">MNCup</a>; <a href="http://mojominnesota.com/">MOJO MN</a>; <a href="http://minnestar.org/">Minnedemo/Minnebar</a>; Minnov8; <a href="http://tech.mn">tech.mn</a>) is clearly a reaction to the nearly terminal decline of risk taking and venture funding in Minnesota. Wherever there is a vacuum, something will fill it!</p>
<p>How true is the perception that Minnesota lacks funding and risk-taking venture capitalists? If you read these three things below, you&#8217;ll see that it&#8217;s highly likely <strong>perception is reality</strong>.</p>
<ul>
<li>Having Eric Caron (<a href="http://twitter.com/ecaron">@ecaron</a>) point out <a href="http://news.ycombinator.com/item?id=1515438">this thread</a> to me at Hacker News which was sparked by someone submitting <a href="http://tech.mn/news/2010/07/14/greener-pastures-a-tale-of-the-minnesota-startup-that-was/">this</a> tech.mn article for discussion. While commenters have usernames vs. real ones and there is a lot of anecdotal discussion in the thread, it&#8217;s a troubling read since this is how many startups feel about being here in Minnesota</li>
</ul>
<ul>
<li>Next I fired up my iPad RSS reader in order to skim the top tech sites I read at breakfast each morning. I immediately was presented with an incredibly contrarian-to-Minnesota-VC-funding-experience in an article on the tech site GigaOM entitled, &#8220;<a href="http://gigaom.com/2010/07/15/q2-venture-investments/">Seed Stage Investments Jump Sharply in Q2 2010</a>.&#8221; It begins with this: <em>&#8220;If there were any doubts that the entrepreneurial activity is hitting new highs, then the new data from the National Venture Capital Association puts them to rest –venture capitalists invested $6.5 billion in 906 deals during the second quarter of 2010, thanks to a renewed interest in seed and early stage companies along with new found enthusiasm for clean technology-oriented startups. This is in sharp contrast to a slowdown in the new money flowing into venture funds themselves.</em>&#8220;</li>
</ul>
<ul>
<li>In a pretty clear sign that everyone&#8217;s perception <strong><em>is</em></strong> reality came when I popped open StarTribune.com&#8217;s business section this morning and this article leapt out at me, &#8220;<a href="http://www.startribune.com/business/98570674.html?elr=KArksUUUoDEy3LGDiO7aiU">Venture capital still scarce in Minnesota</a>.&#8221; It led with this: &#8220;<em>Venture capital investments in emerging Minnesota companies perked up a bit in the second quarter but remained on track for the weakest year in 15 years of record-keeping, according to data being released Friday.</em>&#8220;</li>
</ul>
<p>The passing of the Angel Tax Credit will go a long way to tap in to the seed stage momentum GigaOM reported on this morning. Read <a href="http://minnov8.com/2010/03/30/why-now-mn-legislature-passes-bill-wangel-investment-tax-credit/">Why Now? MN Legislature Passes Bill w/Angel Investment Tax Credit</a> and <a href="http://minnov8.com/2010/04/27/angel-backed-startups-30-50-more-likely-to-be-successful/">Angel-backed Startups 30-50% More Likely To Be Successful</a> to learn more about seed stage investing in Minnesota&#8230;</p>
<p>&#8230;but then tell us what else needs to be done? Make your voice heard in the comments!</p>
<p><i><a href="http://minnov8.com/2010/07/16/is-perception-the-reality-with-mn-venture-funding/">Is Perception the Reality with MN Venture Funding?</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		<slash:comments>7</slash:comments>
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		<title>Minnov8 Gang 61: Mobile &amp; the Groovy Kids</title>
		<link>http://minnov8.com/2009/12/19/minnov8-gang-61-mobile-the-groovy-kids/</link>
		<comments>http://minnov8.com/2009/12/19/minnov8-gang-61-mobile-the-groovy-kids/#comments</comments>
		<pubDate>Sat, 19 Dec 2009 17:43:16 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[venture capital]]></category>
		<category><![CDATA[Visi]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=3869</guid>
		<description><![CDATA[Today&#8217;s show covers mobile developments for certain, but we also talk about several other things like yesterday&#8217;s Social Media Breakfast (SMBMSP), venture capital in Minnesota, cloud computing initiatives by Visi, and much more. This Week’s Show Hosts: Steve Borsch, Tim Elliott, Graeme Thickins and Phil Wilson. Music by Straight 8&#8242;s and the tune is, “Ann Bowman” Discussed during the show: [...]<p><i><a href="http://minnov8.com/2009/12/19/minnov8-gang-61-mobile-the-groovy-kids/">Minnov8 Gang 61: Mobile &#038; the Groovy Kids</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://minnov8.com/wp-content/uploads/2009/12/mobile-groovy.jpg"><img class="aligncenter size-full wp-image-3870" title="mobile-groovy" src="http://minnov8.com/wp-content/uploads/2009/12/mobile-groovy.jpg" alt="" /></a>Today&#8217;s show covers mobile developments for certain, but we also talk about several other things like yesterday&#8217;s Social Media Breakfast (<a href="http://smbmsp.ning.com/">SMBMSP</a>), venture capital in Minnesota, cloud computing initiatives by Visi, and much more.</p>
<p><strong>This Week’s Show Hosts</strong>: <a onclick="javascript:pageTracker._trackPageview('/outgoing/www.iconnectdots.com/');" href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a onclick="javascript:pageTracker._trackPageview('/outgoing/timelliott.us/');" href="http://timelliott.us/">Tim Elliott</a>, <a onclick="javascript:pageTracker._trackPageview('/outgoing/graemethickins.typepad.com/');" href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a> and <a onclick="javascript:pageTracker._trackPageview('/outgoing/www.remaincomm.com/');" href="http://www.remaincomm.com/" target="_blank">Phil Wilson</a>.<br />
<em>Music by <a href="http://www.musicalley.com/music/producers/producerLibrary/artistdetails.php?BandHash=bd708d6a426ff91bb09a0a60f146e8a4">Straight 8&#8242;s</a> and the tune is, “Ann Bowman” </em></p>
<p><em><span style="font-style: normal;"><strong>Discussed during the show:</strong></span></em></p>
<ul>
<li>StarTribune <a href="Strib on Venture Capital: http://www.startribune.com/business/79272802.html?elr=KArksUUUoDEy3LGDiO7aiU">article</a> on Minnesota venture capital</li>
<li>Don Ball&#8217;s post <a href="http://donmball.posterous.com/an-embarrassment-of-hidden-talent">An Embarrassment of Hidden Talent</a> about impressions from the recent MIMA holiday party</li>
<li><a href="http://zipnosis.com">Zipnosis</a></li>
<li>Morgan Stanley Mobile Internet Market report, recapped nicely in <a href="http://www.readwriteweb.com/archives/morgan_stanley_mobile_internet_market.php">this post</a> by ReadWriteWeb (Bonus: <a href="http://www.forbes.com/2009/12/18/smart-phones-internet-markets-equities-mobile.html?partner=alerts">this</a> Forbes article on the &#8220;no brainer&#8221; investment potential in mobile</li>
<li>Visi&#8217;s <a href="http://www.reliacloud.com/">ReliaCloud</a> and <a href="http://www.reliacloud.com/howitworks/compare/">the comparison</a></li>
<li>Others mentioned during the cloud computing discussion: <a href="http://enstratus.com">Enstratus</a>; <a href="http://jumpbox.com">Jumpbox</a>; and <a href="http://kb.mediatemple.net/questions/143/Using+Subversion">Subversion</a> used by Tim Elliott with his various installations</li>
<li>Mobile discussion included <a href="http://www.motherapp.com/">MotherApp</a>; <a href="http://steveborsch.posterous.com/how-can-anyone-view-100000-iphone-apps">100,000 iPhone apps post by Steve</a>; WebDesignerDepot post on <a href="http://www.webdesignerdepot.com/2009/04/40-awesome-iphone-application-websites/">40 Awesome iPhone Application Websites</a>; publisher O&#8217;Reilly &amp; Associates <a href="http://iphoneapps.oreilly.com/">Best iPhone Apps</a> website.</li>
</ul>

<p><i><a href="http://minnov8.com/2009/12/19/minnov8-gang-61-mobile-the-groovy-kids/">Minnov8 Gang 61: Mobile &#038; the Groovy Kids</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
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		<slash:comments>1</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20091219_M8_Gang_61.mp3" length="40413566" type="audio/mpeg" />
			<itunes:keywords>cloud computing,iphone,mobile,venture capital,Visi</itunes:keywords>
		<itunes:subtitle>Today&#039;s show covers mobile developments for certain, but we also talk about several other things like yesterday&#039;s Social Media Breakfast (SMBMSP), venture capital in Minnesota, cloud computing initiatives by Visi, and much more. - </itunes:subtitle>
		<itunes:summary>Today&#039;s show covers mobile developments for certain, but we also talk about several other things like yesterday&#039;s Social Media Breakfast (SMBMSP), venture capital in Minnesota, cloud computing initiatives by Visi, and much more.

This Weekâs Show Hosts:Â Steve Borsch,Â Tim Elliott,Â Graeme Thickins andÂ Phil Wilson.
Music byÂ Straight 8&#039;s and the tune is, âAnn Bowmanâ 

Discussed during the show:

	StarTribune article on Minnesota venture capital
	Don Ball&#039;s post An Embarrassment of Hidden Talent about impressions from the recent MIMA holiday party
	Zipnosis
	Morgan Stanley Mobile Internet Market report, recapped nicely in this post by ReadWriteWeb (Bonus:Â this Forbes article on the &quot;no brainer&quot; investment potential in mobile
	Visi&#039;s ReliaCloud and the comparison
	Others mentioned during the cloud computing discussion: Enstratus; Jumpbox; and Subversion used by Tim Elliott with his various installations
	Mobile discussion included MotherApp; 100,000 iPhone apps post by Steve; WebDesignerDepot post on 40 Awesome iPhone Application Websites; publisher O&#039;Reilly &amp; Associates Best iPhone Apps website.</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>56:08</itunes:duration>
		<rawvoice:poster url="http://minnov8.com/wp-content/plugins/podpress//images/vpreview_center.png" />
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		<item>
		<title>Minnov8 Gang Podcast #51: Cloud and the Crowd</title>
		<link>http://minnov8.com/2009/09/19/minnov8-gang-podcast-51-cloud-and-the-crowd/</link>
		<comments>http://minnov8.com/2009/09/19/minnov8-gang-podcast-51-cloud-and-the-crowd/#comments</comments>
		<pubDate>Sat, 19 Sep 2009 16:24:44 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[RAIN Makers Conference]]></category>
		<category><![CDATA[University of Minnesota]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=3240</guid>
		<description><![CDATA[This Week’s Show Hosts: Steve Borsch, Tim Elliott and Phil Wilson (Graeme Thickins is out in San Diego gearing up for DEMO Fall &#8217;09 and he&#8217;ll be liveblogging it here). Music by Excellent Adventure from Music Alley, purveyor of podsafe tunes. Discussed during the show: Strib/WCCO comparison and Tim&#8217;s pointing out how the Pioneer Press also &#8220;gets it&#8221; and [...]<p><i><a href="http://minnov8.com/2009/09/19/minnov8-gang-podcast-51-cloud-and-the-crowd/">Minnov8 Gang Podcast #51: Cloud and the Crowd</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-3242" title="cloud-crowd" src="http://minnov8.com/wp-content/uploads/2009/09/cloud-crowd1.jpg" alt="cloud-crowd" />This Week’s Show Hosts: <a style="color: #265fb4; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;" href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a style="color: #265fb4; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;" href="http://timelliott.us/">Tim Elliott</a> and <a style="color: #265fb4; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;" href="http://www.remaincomm.com/" target="_blank">Phil Wilson</a> (<a href="http://graemethickins.typepad.com">Graeme Thickins</a> is out in San Diego gearing up for <a href="http://www.demo.com/">DEMO Fall &#8217;09</a> and he&#8217;ll be <a href="http://bit.ly/TWU3L">liveblogging it here</a>). Music by <a href="http://www.musicalley.com/music/producers/producerLibrary/artistdetails.php?BandHash=f0f9e83fe2ea5653d817b013f7d3e049">Excellent Adventure</a> from <a style="color: #265fb4; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;" href="http://musicalley.com/">Music Alley</a>, purveyor of podsafe tunes.</p>
<p><strong>Discussed during the show:</strong></p>
<ul>
<li><a href="http://steveborsch.posterous.com/wcco-gets-itstartribune-not-so-much">Strib/WCCO comparison</a> and Tim&#8217;s pointing out how the Pioneer Press also &#8220;gets it&#8221; and shows that at their <a href="http://TwinCities.com">TwinCities.com</a> site which has an extensive set of capabilities to email and print as well as a &#8220;Bookmark &amp; Share&#8221; link to sites and services like Facebook, Google Reader, Twitter, Friendfeed, Delicious and more</li>
<li><a href="http://alvenda.com/">Alvenda</a>: winner of the <a href="http://www.breakthroughideas.org/page/1/2009_Grand_Prize_Announcement.jsp">Minnesota Cup&#8217;s Breakthrough Business Idea</a></li>
<li><a href="http://lite.facebook.com/">Facebook Lite</a></li>
<li><a href="http://blog.twitter.com/2009/09/twitters-new-terms-of-service.html">Twitter&#8217;s new Terms of Service</a></li>
<li>UofMN <a href="http://events.umn.edu/event?occurrence=395384;event=113605">New Media Research event</a> Friday, Sept 18th</li>
<li><a href="http://office.microsoft.com/en-us/default.aspx">Microsoft Office online</a> and <a href="http://arstechnica.com/microsoft/news/2009/05/leaked-office-2010-technical-preview-screenshots.ars">the new 2010 beta</a></li>
<li><a href="http://carbonite.com/">Carbonite</a> and <a href="http://CrashPlan.com">CrashPlan</a></li>
<li><a href="http://comictwit.com">ComicTwit</a></li>
</ul>
<p><strong>Upcoming Events with Minnov8 Media Coverage:</strong></p>
<ul>
<li><a href="http://www.rainsourcecapital.com/rainmaker/conferenceinfo.cfm">RAINMAKER CONFERENCE</a></li>
<li>VISI <a href="http://www.visi.com/cloud2009/cloudvision2009.aspx">Cloud Vision 2009</a> event</li>
<li><a href="http://mimasummit.org/">MIMA Summit</a> (which will include the fall MinneDemo).</li>
</ul>
<p style="text-align: center;"></p>
<p><code></p>
<p></code></p>
<p><i><a href="http://minnov8.com/2009/09/19/minnov8-gang-podcast-51-cloud-and-the-crowd/">Minnov8 Gang Podcast #51: Cloud and the Crowd</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2009/09/19/minnov8-gang-podcast-51-cloud-and-the-crowd/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20090919_M8_Gang_51.mp3" length="32472132" type="audio/mpeg" />
			<itunes:keywords>angel investors,cloud computing,RAIN Makers Conference,University of Minnesota,venture capital</itunes:keywords>
		<itunes:subtitle>This Weekâs Show Hosts:Â Steve Borsch,Â Tim Elliott andÂ Phil Wilson (Graeme Thickins is out in San Diego gearing up for DEMO Fall &#039;09 and he&#039;ll be liveblogging it here). Music by Excellent Adventure fromÂ Music Alley, purveyor of podsafe tunes. - </itunes:subtitle>
		<itunes:summary>This Weekâs Show Hosts:Â Steve Borsch,Â Tim Elliott andÂ Phil Wilson (Graeme Thickins is out in San Diego gearing up for DEMO Fall &#039;09 and he&#039;ll be liveblogging it here). Music by Excellent Adventure fromÂ Music Alley, purveyor of podsafe tunes.

Discussed during the show:

	Strib/WCCO comparison and Tim&#039;s pointing out how the Pioneer Press also &quot;gets it&quot; and shows that at theirÂ TwinCities.com site which has an extensive set of capabilities to email and print as well as a &quot;Bookmark &amp; Share&quot; link to sites and services like Facebook, Google Reader, Twitter, Friendfeed, Delicious and more
	Alvenda: winner of the Minnesota Cup&#039;s Breakthrough Business Idea
	Facebook Lite
	Twitter&#039;s new Terms of Service
	UofMN New Media Research event Friday, Sept 18th
	Microsoft Office online and the new 2010 beta
	Carbonite and CrashPlan
	ComicTwit

Upcoming Events with Minnov8 Media Coverage:

	RAINMAKER CONFERENCE
	VISI Cloud Vision 2009 event
	MIMA Summit (which will include the fall MinneDemo).</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>45:06</itunes:duration>
		<rawvoice:poster url="http://minnov8.com/wp-content/plugins/podpress//images/vpreview_center.png" />
	</item>
		<item>
		<title>Minnov8 Gang Podcast 39: A Conversation with Codemorphic</title>
		<link>http://minnov8.com/2009/06/13/m8-gang-39/</link>
		<comments>http://minnov8.com/2009/06/13/m8-gang-39/#comments</comments>
		<pubDate>Sat, 13 Jun 2009 17:33:57 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[developers]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=2590</guid>
		<description><![CDATA[The Gang has a great discussion with Bill Heyman, co-founder of Codemorphic, a rock-solid iPhone development shop (based in Eden Prairie) with significant application credibility through their creation of over a dozen apps such as: Public Radio Tuner (#2 in iTunes store, 2M+ downloads, iTunes link) General Mills Betty Crocker Cookbook (iTunes link) Cisco/Linksys Media [...]<p><i><a href="http://minnov8.com/2009/06/13/m8-gang-39/">Minnov8 Gang Podcast 39: A Conversation with Codemorphic</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-2595" title="codemorphic-iphone2" src="http://minnov8.com/wp-content/uploads/2009/06/codemorphic-iphone2.jpg" alt="codemorphic-iphone2" width="219" height="414" />The Gang has a great discussion with <a href="http://www.linkedin.com/in/billheyman">Bill Heyman</a>, co-founder of <a href="http://codemorphic.com">Codemorphic</a>, a rock-solid iPhone development shop (based in Eden Prairie) with significant application credibility through their creation of over a dozen apps such as:</p>
<ul>
<li><strong>Public Radio Tuner</strong> (#2 in iTunes store, 2M+ downloads, <a href="http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=296549398&amp;mt=8">iTunes link</a>)</li>
</ul>
<ul>
<li>General Mills <strong>Betty Crocker Cookbook</strong> (<a href="http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=304132604&amp;mt=8">iTunes link</a>)</li>
</ul>
<ul>
<li><strong>Cisco/Linksys Media Hub Control</strong></li>
</ul>
<ul>
<li><strong>Blausen Medical</strong> (high resolution medical imagery/videos, <a href="http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=308338025&amp;mt=8">iTunes link</a>)</li>
</ul>
<ul>
<li><strong>Smarter Agent Real Estate</strong>*</li>
</ul>
<ul>
<li><strong>Bacardi</strong>*</li>
</ul>
<p>*Shipping this week.</p>
<p><code></p>
<p></code><br />
This Week&#8217;s Show Hosts: <a href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a href="http://timelliott.us/">Tim Elliott</a>, <a href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a> and <a href="http://www.remaincomm.com/" target="_blank">Phil Wilson</a>.</p>
<p><em><strong>Discussed during the show notes:</strong></em></p>
<ul>
<li>Apple&#8217;s new <a href="http://www.apple.com/iphone/">iPhone 3Gs</a></li>
<li>iPhone <a href="http://developer.apple.com/iphone/">Developer Center</a></li>
<li>Worldwide Developer&#8217;s Conference 2009 (WWDC) (<a href="http://events.apple.com.edgesuite.net/0906paowdnv/event/index.html?internal=ijalrmacu">Keynote stream here</a>)</li>
<li><a href="http://www.palm.com/us/products/phones/pre/index.html">Palm Pre</a> (<a href="http://developer.palm.com/">Palm Developer Network</a>) and <a href="http://www.android.com/">Google Android</a> and Android Developer <a href="http://developer.android.com/">site</a></li>
<li>Examples of iPhone venture funding: <a href="http://www.techcrunch.com/2009/02/12/innovative-iphone-developer-smule-raises-39-million/">Smule lands $3.9M</a>; Booyah <a href="http://www.macworld.com/article/140334/booyah.html">gets $4.9M</a> from Kleiner Perkins <a href="http://www.kpcb.com/initiatives/ifund/index.html">iFund</a>; game publisher <a href="http://www.ngmoco.com/">Ngmoco</a> raises <a href="http://venturebeat.com/2009/03/23/iphone-game-developer-ngmoco-raises-second-round-of-funding/">second round of $10M</a> (first was <a href="http://venturebeat.com/2008/07/31/ngmoco-raises-kleiner-perkins-funding/">$5M from Kleiner Perkins &amp; Maple Investments</a>)</li>
<li><a href="http://www.skype.com/">Skype</a> and their new, open source SILK codec (developer site <a href="https://developer.skype.com/silk">here</a>).</li>
</ul>
<p><code><br /></code><br />
<br />
<code></p>
<p></code></p>
<p><i><a href="http://minnov8.com/2009/06/13/m8-gang-39/">Minnov8 Gang Podcast 39: A Conversation with Codemorphic</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2009/06/13/m8-gang-39/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20090613_M8_Gang_39.mp3" length="47201118" type="audio/mpeg" />
			<itunes:keywords>developers,iphone,mobile,venture capital</itunes:keywords>
		<itunes:subtitle>The Gang has a great discussion with Bill Heyman, co-founder of Codemorphic, a rock-solid iPhone development shop (based in Eden Prairie) with significant application credibility through their creation of over a dozen apps such as: - </itunes:subtitle>
		<itunes:summary>The Gang has a great discussion with Bill Heyman, co-founder of Codemorphic, a rock-solid iPhone development shop (based in Eden Prairie) with significant application credibility through their creation of over a dozen apps such as:

	Public Radio Tuner (#2 in iTunes store, 2M+ downloads, iTunes link)


	General Mills Betty Crocker Cookbook (iTunes link)


	Cisco/Linksys Media Hub Control


	Blausen Medical (high resolution medical imagery/videos, iTunes link)


	Smarter Agent Real Estate*


	Bacardi*

*Shipping this week.


This Week&#039;s Show Hosts:Â Steve Borsch,Â Tim Elliott,Â Graeme Thickins and Phil Wilson.

Discussed during the show notes:

	Apple&#039;s new iPhone 3Gs
	iPhone Developer Center
	Worldwide Developer&#039;s Conference 2009 (WWDC) (Keynote stream here)
	Palm Pre (Palm Developer Network) and Google Android and Android Developer site
	Examples of iPhone venture funding: Smule lands $3.9M; Booyah gets $4.9M from Kleiner Perkins iFund; game publisher Ngmoco raises second round of $10M (first was $5M from Kleiner Perkins &amp; Maple Investments)
	Skype and their new, open source SILK codec (developer site here).</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>1:05:33</itunes:duration>
		<rawvoice:poster url="http://minnov8.com/wp-content/plugins/podpress//images/vpreview_center.png" />
	</item>
		<item>
		<title>Minnov8 Gang Podcast &#8211; Episode 37</title>
		<link>http://minnov8.com/2009/05/23/m8-gang-podcast-episode-37/</link>
		<comments>http://minnov8.com/2009/05/23/m8-gang-podcast-episode-37/#comments</comments>
		<pubDate>Sat, 23 May 2009 16:19:36 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=2482</guid>
		<description><![CDATA[Our guest this week is Marti Nyman, a senior business development executive with more than 20 years of success in areas within the Energy, Telecommunications, and Consumer Retail sectors, and, most recently, was responsible for the formation and launch of Best Buy’s Venture Capital practice. Nyman, along with serial entrepreneur John Montague, are off on [...]<p><i><a href="http://minnov8.com/2009/05/23/m8-gang-podcast-episode-37/">Minnov8 Gang Podcast &#8211; Episode 37</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-2487" title="martinyman1" src="http://minnov8.com/wp-content/uploads/2009/05/martinyman1.jpg" alt="martinyman1" />Our guest this week is <a href="http://www.linkedin.com/in/martinyman">Marti Nyman</a>, a senior business development executive with more than 20 years of success in areas within the Energy, Telecommunications, and Consumer Retail sectors, and, most recently, was responsible for the formation and launch of Best Buy’s Venture Capital practice.</p>
<p>Nyman, along with serial entrepreneur <a href="http://www.linkedin.com/in/johnmontague1969">John Montague</a>, are off on a new adventure &#8212; certain to make a big impact on the startup climate here in Minnesota &#8212;  called &#8220;<strong>40 Ventures</strong>&#8221; and he tells us all about their innovative model of a fund for startups.</p>
<p>Today’s hosts: <a href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a href="http://timelliott.us/">Tim Elliott</a>, <a href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a> and <a href="http://www.remaincomm.com/" target="_blank">Phil Wilson</a>.</p>
<p><strong>Discussed During the Show Notes</strong>:</p>
<ul>
<li><a href="http://www.go2web20.net/">Go2Web20</a></li>
<li><a href="http://ycombinator.com/">YCombinator</a></li>
<li><a href="http://www.techstars.org/">TechStars</a></li>
<li>New York Times <a href="http://www.nytimes.com/2009/05/14/business/smallbusiness/14hunt.html?_r=3&amp;8dpc">article</a> on venture capital study</li>
</ul>
<p><br />
<code><br /></code></p>
<p><i><a href="http://minnov8.com/2009/05/23/m8-gang-podcast-episode-37/">Minnov8 Gang Podcast &#8211; Episode 37</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2009/05/23/m8-gang-podcast-episode-37/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20090523_M8_Gang_37.mp3" length="29898862" type="audio/mpeg" />
			<itunes:keywords>angels,early-stage investing,Startups &amp; Developers,venture capital</itunes:keywords>
		<itunes:subtitle>Our guest this week is Marti Nyman, a senior business development executive with more than 20 years of success in areas within the Energy, Telecommunications, and Consumer Retail sectors, and, most recently,</itunes:subtitle>
		<itunes:summary>Our guest this week is Marti Nyman, a senior business development executive with more than 20 years of success in areas within the Energy, Telecommunications, and Consumer Retail sectors, and, most recently, was responsible for the formation and launch of Best Buyâs Venture Capital practice.

Nyman, along with serial entrepreneur John Montague, are off on a new adventure -- certain to make a big impact on the startup climate here in Minnesota --  called &quot;40 Ventures&quot; and he tells us all about their innovative model of a fund for startups.

Todayâs hosts:Â Steve Borsch,Â Tim Elliott,Â Graeme Thickins and Phil Wilson.

Discussed During the Show Notes:

	Go2Web20
	YCombinator
	TechStars
	New York Times article on venture capital study</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>41:32</itunes:duration>
		<rawvoice:poster url="http://minnov8.com/wp-content/plugins/podpress//images/vpreview_center.png" />
	</item>
		<item>
		<title>Minnov8 Gang Podcast &#8211; Episode 36</title>
		<link>http://minnov8.com/2009/05/09/m8-gang-podcast-episode-36/</link>
		<comments>http://minnov8.com/2009/05/09/m8-gang-podcast-episode-36/#comments</comments>
		<pubDate>Sat, 09 May 2009 17:24:57 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Intermedia Arts]]></category>
		<category><![CDATA[MinneDemo]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[University of Minnesota]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=2331</guid>
		<description><![CDATA[The Gang talks about a meetup with entrepreneur, VC, artist and all-around renaissance man, Gary Smaby, and his spearheading of what&#8217;s euphemistically dubbed &#8220;the collaboratory&#8221;, but is officially an Innovation by Design framework to incubate startups, tap into the University brain-trust, and create a culture of innovation within the University of Minnesota (read more in [...]<p><i><a href="http://minnov8.com/2009/05/09/m8-gang-podcast-episode-36/">Minnov8 Gang Podcast &#8211; Episode 36</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-2332" title="innovation-ideas" src="http://minnov8.com/wp-content/uploads/2009/05/innovation-ideas.jpg" alt="innovation-ideas" />The Gang talks about a meetup with entrepreneur, VC, artist and all-around renaissance man, <a href="http://www.linkedin.com/pub/dir/gary/smaby">Gary Smaby</a>, and his spearheading of what&#8217;s euphemistically dubbed &#8220;the collaboratory&#8221;, but is officially an Innovation by Design framework to incubate startups, tap into the University brain-trust, and create a culture of innovation within the University of Minnesota (read more in <a href="http://www.research.umn.edu/innovation/documents/IBDfaq.pdf">this PDF</a>).</p>
<p>We also talk at length about <a href="http://minnedemo.org">Minnedemo</a>, the event itself as well as people we met there and reactions we had (Note: we&#8217;ll have a video up shortly of a few interviews we did at Minnedemo) and get into a discussion about <a id="aptureLink_iVd2cTZ4sn" href="http://en.wikipedia.org/wiki/URL%20redirection">URL shortening</a> services.</p>
<p>Today’s hosts: <a href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a href="http://timelliott.us/">Tim Elliott</a>, <a href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a> and <a href="http://www.remaincomm.com/" target="_blank">Phil Wilson</a>.</p>
<p><strong>Discussed During the Show Notes</strong>:</p>
<ul>
<li><a href="http://www.bestbuyideax.com/">Best Buy Idea Exchange</a> (Best Buy is on a tear. Makes one wonder: are these guys going to single-handedly showcase &#8216;net and web innovation in Minnesota?)</li>
<li><a href="http://Shorpy.com">Shorpy.com</a>; <a href="http://Fieldnation.com">Fieldnation.com</a>; <a href="http://CentralStandardTech.com">CentralStandardTech.com</a>; <a href="http://www.startupshoppe.com">StartupShoppe</a>; <a href="http://Magnet360.com">Magnet360</a> (<a href="http://www.breakthroughideas.org/">MNCup</a>); <a href="http://www.reside.biz/">Reside, LLC</a></li>
<li>Minnesota Interactive Marketing Association (MIMA) <a href="http://www.mima.org/events/">Events</a></li>
<li>Fallon&#8217;s <a href="http://www.fallon.com/skimmer">Skimmer</a> app, coded by <a href="http://SierraBravo.com">SierraBravo</a> (&amp; led by <a href="http://www.linkedin.com/in/blackcj">Chris Black</a> who did an awesome job demo&#8217;ing it!)</li>
<li><a href="http://www.gluecon.com/ ">Glue Conference</a></li>
<li><a href="http://garrickvanburen.com">Garrick Van Buren</a> &amp; <a href="http://cullect.com">Cullect</a></li>
<li>Steve Gillmor&#8217;s &#8220;<a href="http://www.techcrunchit.com/2009/05/05/rest-in-peace-rss/">Rest in Peace RSS</a>&#8221; post on Techcrunch (note he also wrote about &#8220;<a href="http://blogs.zdnet.com/Gillmor/?p=127">The Death of Podcasting</a>&#8221; in July of 2005&#8230;.oops)</li>
<li>Steve Borsch&#8217;s post, &#8220;<a href="http://www.iconnectdots.com/ctd/2009/01/its-the-value-stupid.html">It&#8217;s the Value, Stupid</a>&#8221; in the mention of the disheveled and disorganized late William F. Buckley</li>
<li>The <a href="http://www.techcrunch.com/2009/05/06/url-shortening-wars-twitter-ditches-tinyurl-for-bitly/">bit.ly win over tinyurl</a>; Mashable&#8217;s post on &#8220;<a href="http://mashable.com/2008/01/08/url-shortening-services/">90+ URL Shortening Services</a>&#8220;</li>
</ul>

<p><i><a href="http://minnov8.com/2009/05/09/m8-gang-podcast-episode-36/">Minnov8 Gang Podcast &#8211; Episode 36</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
			<wfw:commentRss>http://minnov8.com/2009/05/09/m8-gang-podcast-episode-36/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
<enclosure url="http://media.blubrry.com/minnov8/minnov8.com/wp-content/uploads/podcasts/20090509_M8_Gang_36.mp3" length="34749487" type="audio/mpeg" />
			<itunes:keywords>Innovation,Intermedia Arts,MinneDemo,Startups &amp; Developers,University of Minnesota,venture capital</itunes:keywords>
		<itunes:subtitle>The Gang talks about a meetup with entrepreneur, VC, artist and all-around renaissance man, Gary Smaby, and his spearheading of what&#039;s euphemistically dubbed &quot;the collaboratory&quot;, but is officially an Innovation by Design framework to incubate startups,</itunes:subtitle>
		<itunes:summary>The Gang talks about a meetup with entrepreneur, VC, artist and all-around renaissance man, Gary Smaby, and his spearheading of what&#039;s euphemistically dubbed &quot;the collaboratory&quot;, but is officially an Innovation by Design framework to incubate startups, tap into the University brain-trust, and create a culture of innovation within the University of Minnesota (read more in this PDF).

We also talk at length about Minnedemo, the event itself as well as people we met there and reactions we had (Note: we&#039;ll have a video up shortly of a few interviews we did at Minnedemo) and get into a discussion about URL shortening services.

Todayâs hosts:Â Steve Borsch,Â Tim Elliott,Â Graeme Thickins and Phil Wilson.

Discussed During the Show Notes:

	Best Buy Idea Exchange (Best Buy is on a tear. Makes one wonder: are these guys going to single-handedly showcase &#039;net and web innovation in Minnesota?)
	Shorpy.com; Fieldnation.com; CentralStandardTech.com; StartupShoppe; Magnet360 (MNCup); Reside, LLC
	Minnesota Interactive Marketing Association (MIMA) Events
	Fallon&#039;s Skimmer app, coded by SierraBravo (&amp; led by Chris Black who did an awesome job demo&#039;ing it!)
	Glue Conference
	Garrick Van Buren &amp; Cullect
	Steve Gillmor&#039;s &quot;Rest in Peace RSS&quot; post on Techcrunch (note he also wrote about &quot;The Death of Podcasting&quot; in July of 2005....oops)
	Steve Borsch&#039;s post, &quot;It&#039;s the Value, Stupid&quot; in the mention of the disheveled and disorganized late William F. Buckley
	The bit.ly win over tinyurl; Mashable&#039;s post on &quot;90+ URL Shortening Services&quot;</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>48:16</itunes:duration>
		<rawvoice:poster url="http://minnov8.com/wp-content/plugins/podpress//images/vpreview_center.png" />
	</item>
		<item>
		<title>JPMorgan Internet Investment Guide</title>
		<link>http://minnov8.com/2009/01/29/jpmorgan-internet-investment-guide/</link>
		<comments>http://minnov8.com/2009/01/29/jpmorgan-internet-investment-guide/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 14:50:08 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[MN Entrepreneurs]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=1447</guid>
		<description><![CDATA[For Minnesotans interested in starting up or expanding within the internet space in these challenging economic times, solid financial sector analysis is often difficult to obtain. For anyone who has pitched their idea, concept or business plan, it&#8217;s clear how important it is to put oneself in the shoes of investors, venture capitalists and banks [...]<p><i><a href="http://minnov8.com/2009/01/29/jpmorgan-internet-investment-guide/">JPMorgan Internet Investment Guide</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-1450" title="Nothing But Net" src="http://minnov8.com/wp-content/uploads/2009/01/jpmorgan_nothingbutnet_2009.jpg" alt="Nothing But Net" width="260" height="346" />For Minnesotans interested in starting up or expanding within the internet space in these challenging economic times, solid financial sector analysis is often difficult to obtain. For anyone who has pitched their idea, concept or business plan, it&#8217;s clear how important it is to put oneself in the shoes of investors, venture capitalists and banks providing the capital you require, and a great way to do that is to gain a more solid understanding of the data they&#8217;re using to make strategic investment decisions.</p>
<p>In addition, if you&#8217;re an investor with any money left in your 200.5k (i.e., half of a 401k) and could stomach some internet investing, then viewing opinions and recommendations on where to invest is key.</p>
<p>In both cases, an analysis of the potential of various sectors of an internet economy &#8212; by one of the world&#8217;s leading financial institutions, <a href="http://www.jpmorgan.com/pages/jpmorgan" target="_blank">JPMorgan</a> &#8212; is reason enough to spend the time necessary go through their &#8220;<strong>Nothing But Net</strong>&#8221; report.</p>
<p>Highlights of areas covered within it include:</p>
<ul>
<li>US Sector Outlook</li>
<li>Ad Networks on the Rise</li>
<li>eCommerce Outlook</li>
<li>The Mobile Market</li>
<li>Social Networks Primer</li>
<li>Cloud Computing Outlook</li>
<li>Internet for Social Good</li>
</ul>
<p>&#8230;and much more.</p>
<p>The paper is embedded after the jump along with a download link.<span id="more-1447"></span><a href="http://minnov8.com/wp-content/uploads/PDFs/JPMorgan_NothingButNet_2009.pdf"></a></p>
<p style="text-align: center;"><a href="http://minnov8.com/wp-content/uploads/PDFs/JPMorgan_NothingButNet_2009.pdf"><br />
</a></p>
<p style="text-align: center;"><object width="550" height="600" data="http://d.scribd.com/ScribdViewer.swf?document_id=11482768&amp;access_key=key-1xnopzg1dqpnlkr78r61&amp;page=1&amp;version=1&amp;viewMode=list" type="application/x-shockwave-flash"><param name="id" value="doc_70953937552628" /><param name="name" value="doc_70953937552628" /><param name="align" value="middle" /><param name="quality" value="high" /><param name="play" value="true" /><param name="loop" value="true" /><param name="scale" value="showall" /><param name="wmode" value="opaque" /><param name="devicefont" value="false" /><param name="bgcolor" value="#ffffff" /><param name="menu" value="true" /><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="mode" value="list" /><param name="src" value="http://d.scribd.com/ScribdViewer.swf?document_id=11482768&amp;access_key=key-1xnopzg1dqpnlkr78r61&amp;page=1&amp;version=1&amp;viewMode=list" /><param name="allowfullscreen" value="true" /></object></p>
<p style="text-align: center;"><a href="http://minnov8.com/wp-content/uploads/PDFs/JPMorgan_NothingButNet_2009.pdf">Download PDF here</a>.</p>
<p style="text-align: center;">
<p style="text-align: center;">
<p><i><a href="http://minnov8.com/2009/01/29/jpmorgan-internet-investment-guide/">JPMorgan Internet Investment Guide</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		<title>2008 Investor Fraud Traps</title>
		<link>http://minnov8.com/2008/10/06/investor-fraud-traps/</link>
		<comments>http://minnov8.com/2008/10/06/investor-fraud-traps/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 18:44:03 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Internet & Society]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=750</guid>
		<description><![CDATA[Whether you&#8217;re an angel investor listening to startup pitches or an innovator considering funding sources, now is a time to be extra careful with anything related to money, credit, lending or capital of any kind &#8212; especially if you&#8217;re a participant in a social or affinity network or if you&#8217;re transparent with your blog and [...]<p><i><a href="http://minnov8.com/2008/10/06/investor-fraud-traps/">2008 Investor Fraud Traps</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://minnov8.com/wp-content/uploads/2008/10/mndoc.jpg"><img class="alignleft size-full wp-image-751" title="mndoc" src="http://minnov8.com/wp-content/uploads/2008/10/mndoc.jpg" alt="" /></a>Whether you&#8217;re an angel investor listening to startup pitches or an innovator considering funding sources, now is a time to be extra careful with anything related to money, credit, lending or capital of any kind &#8212; especially if you&#8217;re a participant in a social or affinity network or if you&#8217;re transparent with your blog and other online participation (which give scammers lots of ammo to use to pitch you).</p>
<p>The <strong>Minnesota Department of Commerce</strong> just released this <a href="http://www.state.mn.us/portal/mn/jsp/content.do?contentid=536916978&amp;contenttype=EDITORIAL&amp;agency=Commerce" target="_blank">2008 Investor Fraud Traps</a> listing (in alphabetical order) and offer it as a warning:</p>
<p><em><strong>Deficient Disclosure:</strong></em> The recent investigations by state securities regulators related to auction-rate securities (ARS) have reinforced that investors should remain cautious when pitched complex investment products accompanied by deficient disclosures or when advised to concentrate their investments too heavily in one investment product. It is best to avoid investment pitches that would lead you to put all of your eggs in one basket, especially if it&#8217;s a basket you don&#8217;t fully understand.</p>
<p><em><strong>Energy Scams:</strong></em> The substantial increase in energy costs has made scams related to energy more prevalent.  State and provincial securities regulators are seeing not only shady oil and gas investments, but also scams that promise the development of new technologies to increase the efficiency of energy consumption or to extract energy from sources previously thought too expensive to develop.</p>
<p><em><strong>Online Affinity Fraud:</strong></em> In a new twist on affinity and online investment fraud, Tyler said NASAA members are concerned that unscrupulous individuals are trying to use social networking websites to lure people to meetings that may promote fraudulent or unsuitable investment products. &#8220;Social networking websites create an environment ripe for affinity fraud,&#8221; Tyler said. &#8220;Fraudsters can take advantage of the fact people freely share information with both their real and &#8216;virtual&#8217; friends by posting it to their profile,&#8221; Tyler said. &#8220;Communication tools provided by some social networking websites make it easy to advertise and promote investment scams to a wide audience for free.&#8221;  Investors need to do their own research before making an investment and should not simply rely on &#8216;expert&#8217; advice given at a seminar or meeting.</p>
<p><span id="more-750"></span></p>
<p><em><strong>Prime Bank Schemes: </strong></em>Promises of receipt of astronomical profits from vehicles that execute &#8220;off-shore trades of foreign bank debentures&#8221; only available to very wealthy people and cloaked in secrecy are the securities equivalent of a purse snatch. They simply do not exist, and once money is handed over, it will never be recovered.</p>
<p><a href="http://minnov8.com/wp-content/uploads/2008/10/hacker_laptop.jpg"><img class="alignleft size-medium wp-image-752" title="hacker_laptop" src="http://minnov8.com/wp-content/uploads/2008/10/hacker_laptop.jpg" alt="" width="240" height="182" /></a><em><strong>Private Securities Offerings:</strong></em> Con artists are turning increasingly to private securities offerings under Rule 506 Regulation D of the Securities Act of 1933 to attract investors without having to go through the full registration process. Although sometimes legitimate, these offerings are often associated with fraud. Also, proceed with caution when encouraged to invest in &#8220;general partnership&#8221; or &#8220;limited liability companies.&#8221; Speculative deals often are packaged as such in an attempt to evade the consumer protection requirements of state and federal securities laws.</p>
<p><em><strong>Promissory Notes:</strong></em> For sophisticated or corporate investors, promissory notes can be a good investment, providing a reasonable reward for those who are willing to accept the risk. However, promissory notes that are marketed broadly to the general public often turn out to be scams. Promissory notes are sold as instruments that guarantee above-market, fixed interest rates, while safeguarding their principal. When interest rates are low, investors may be enticed by the higher, fixed returns that promissory notes offer. These notes, however, can become vehicles for fraud when the issuer of the note has no intention or capability of ever delivering the returns promised by the sales person; leaving the note worth less than the paper on which it is printed.</p>
<p><em><strong>Pump and Dump Schemes:</strong></em> E-mail and fax spam, phony press releases and telemarketing drives are the tools of fraudsters who &#8220;pump&#8221; up the value of low priced securities traded on the &#8220;pink&#8221; sheets which are then &#8220;dumped&#8221; on naïve investors who purchase the stock at inflated prices.  The balloon breaks when the promoters no longer maintain the myth that there is value in the shares and investors are left holding worthless stock certificates.</p>
<p><em><strong>Real Estate Investment Schemes:</strong></em> As the housing market continues to reel from the subprime lending crisis, schemes promising large returns from various types of real estate-related investments also are increasing. Some real estate alternatives may actually be worthless real estate investments that promoters are trying to dump off to unsuspecting retail investors. State and provincial securities regulators also note that &#8220;reverse mortgages&#8221; pose several risks: they may not be appropriate for a given investor; if the homeowner chooses the option of accepting the funds all at once in a lump sum it may create a sudden supply of cash that may be diverted into other bad investments; and they enable promoters to gain access to a senior citizen&#8217;s entire financial profile. Such disclosure of other assets can lead to yet more scams—and losses.</p>
<p><em><strong>Sale and Leaseback Contracts:</strong></em> Seeking to avoid protections afforded under federal and state securities laws, investments in equipment or animals are proposed to investors with the promise of a high returns and a guaranteed future repurchase of the product at full invested price. While these investments are touted as safe, the buyback features are unfunded and illusory.</p>
<p><em><strong>Unsuitable Sales:</strong></em> State and provincial securities regualtors continue to see the sale of complex hybrid financial products, such as variable and equity-indexed annuities, to investors for whom they are not suitable—typically seniors. These products frequently contain features so complicated that even licensed financial professionals are not adequately trained to understand them.</p>
<p><em>To read the North American Securities Administrators Association press releases about each category (which contain deeper explanations and more info), look at their <a href="http://www.nasaa.org/investor_education/NASAA_Fraud_Center/8943.cfm">&#8220;Top Investor Traps&#8221; page</a> from which the MN Dept of Commerce alert was derived.</em></p>
<p><i><a href="http://minnov8.com/2008/10/06/investor-fraud-traps/">2008 Investor Fraud Traps</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		<title>Minnov8 Gang Podcast &#8211; Episode 9</title>
		<link>http://minnov8.com/2008/10/04/m8-episode9/</link>
		<comments>http://minnov8.com/2008/10/04/m8-episode9/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 17:22:37 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[early-stage financing]]></category>
		<category><![CDATA[MIMA]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[UnSummit08]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=734</guid>
		<description><![CDATA[Hosts: Steve Borsch, Tim Elliott, Graeme Thickins, Phil Wilson Based upon feedback we&#8217;ve received from you and many other listeners, the Gang is increasing the pace of the show and getting to areas of interest in a tighter show format. In today&#8217;s show, a few links mentioned include: + Minnesota Interactive Marketing Association (MIMA) Summit + The [...]<p><i><a href="http://minnov8.com/2008/10/04/m8-episode9/">Minnov8 Gang Podcast &#8211; Episode 9</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft" style="float: left;" src="http://minnov8.com/wp-content/plugins/podpress/images/Minnov8_4_posts.jpg" alt="" width="250" />Hosts: <a href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a href="http://timelliott.us">Tim Elliott</a>, <a href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a>, <a href="http://remaincomm.com">Phil Wilson</a></p>
<p>Based upon feedback we&#8217;ve received from you and many other listeners, the Gang is increasing the pace of the show and getting to areas of interest in a tighter show format.</p>
<p>In today&#8217;s show, a few links mentioned include:</p>
<p>+ Minnesota Interactive Marketing Association (<a href="http://mima.org" target="_blank">MIMA</a>) <a href="http://www.mimasummit.org/" target="_blank">Summit</a></p>
<p>+ The concurrent <a href="http://www.unsummit.org/" target="_blank">UnSummit</a> that occurred for those unable to get into the MIMA Summit </p>
<p>+ TechCrunch <a href="http://www.techcrunch.com/2008/09/29/vcs-and-startups-wont-be-immune-to-the-credit-crunch/" target="_blank">article</a> on the credit crunch</p>
<p>+ &#8220;<a href="http://twincities.bizjournals.com/twincities/stories/2008/10/06/story4.html" target="_blank">With credit tight, young companies keep closer eye on cash</a>&#8221; by Katharine Grayson, Twin Cities Business Journal</p>
<p>+ <a href="http://rangebuzz.com/" target="_blank">RangeBuzz</a>, &#8220;.<em>..the Iron Range MN online guide to northern MN dining, nightlife, music and area events. RangeBuzz.com makes it easy for you to discover what&#8217;s happening on the Iron Range in Northern Minnesota!</em>&#8221;</p>
<p>+ Next Social Media Breakfast on October 31st at Deluxe Corp. (watch <a href="http://smbmsp.ning.com/" target="_blank">their site</a> for details to appear).</p>

<p><i><a href="http://minnov8.com/2008/10/04/m8-episode9/">Minnov8 Gang Podcast &#8211; Episode 9</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></content:encoded>
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			<itunes:keywords>angel investors,cloud computing,early-stage financing,MIMA,Social Media,Startups &amp; Developers,UnSummit08,venture capital</itunes:keywords>
		<itunes:subtitle>Hosts: Steve Borsch, Tim Elliott,Â Graeme Thickins,Â Phil Wilson - Based upon feedback we&#039;ve received from you and many other listeners, the Gang is increasing the pace of the show and getting to areas of interest in a tighter show format. - </itunes:subtitle>
		<itunes:summary>Hosts: Steve Borsch, Tim Elliott,Â Graeme Thickins,Â Phil Wilson

Based upon feedback we&#039;ve received from you and many other listeners, the Gang is increasing the pace of the show and getting to areas of interest in a tighter show format.

In today&#039;s show, a few links mentioned include:

+ Minnesota Interactive Marketing Association (MIMA) Summit

+ The concurrent UnSummit that occurred for those unable to get into the MIMA SummitÂ 

+ TechCrunch article on the credit crunch

+ &quot;With credit tight, young companies keep closer eye on cash&quot; by Katharine Grayson, Twin Cities Business Journal

+ RangeBuzz, &quot;...the Iron Range MN online guide to northern MN dining, nightlife, music and area events. RangeBuzz.com makes it easy for you to discover what&#039;s happening on the Iron Range in Northern Minnesota!&quot;

+ Next Social Media Breakfast on October 31st at Deluxe Corp. (watch their site for details to appear).</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>33:55</itunes:duration>
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		<title>Minnov8 Gang Podcast &#8211; Episode 7</title>
		<link>http://minnov8.com/2008/09/20/m8-episode7/</link>
		<comments>http://minnov8.com/2008/09/20/m8-episode7/#comments</comments>
		<pubDate>Sat, 20 Sep 2008 19:09:49 +0000</pubDate>
		<dc:creator>Steve Borsch</dc:creator>
				<category><![CDATA[Minnov8 Gang Podcast]]></category>
		<category><![CDATA[angel investors]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=634</guid>
		<description><![CDATA[Hosts: Steve Borsch, Tim Elliott, Graeme Thickins, Phil Wilson We were absolutely delighted this week to have three very special guests who joined the Gang for a discussion about &#8216;net and web innovation in Minnesota: - Katharine Grayson: Staff Writer for the Twin Cities Business Journal. Katharine covers the internet and web technology beat for the [...]<p><i><a href="http://minnov8.com/2008/09/20/m8-episode7/">Minnov8 Gang Podcast &#8211; Episode 7</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-6446" title="bg" src="http://minnov8.com/wp-content/uploads/2008/09/bg.jpg" alt="" width="75" height="74" />Hosts: <a href="http://www.iconnectdots.com/" target="_self">Steve Borsch</a>, <a href="http://timelliott.us" target="_blank">Tim Elliott</a>, <a href="http://graemethickins.typepad.com/" target="_blank">Graeme Thickins</a>, <a href="http://remaincomm.com">Phil Wilson</a></p>
<p>We were absolutely delighted this week to have <strong>three very special guests</strong> who joined the Gang for a discussion about &#8216;net and web innovation in Minnesota:</p>
<p><strong><em>- </em></strong><a href="http://www.bizjournals.com/search/results.html?Ntt=%22Katharine%20Grayson%22&amp;Ntk=All&amp;Ntx=mode%20matchallpartial" target="_blank"><strong><em>Katharine Grayson</em></strong></a><strong><em>:</em></strong><em> Staff Writer for the </em><a href="http://twincities.bizjournals.com/twincities/" target="_blank"><em>Twin Cities Business Journal</em></a><em>. Katharine covers the internet and web technology beat for the paper, but she&#8217;s also expanded into other technologies (e.g., MSP solar array funding, biotech) giving her unique perspectives.</em></p>
<p><strong><em>- Julio Ojeda-Zapata:</em></strong><em> Reporter for the St. Paul Pioneer Press, blogger, and author (his new book, &#8220;<a href="http://twitin.biz/" target="_blank">Twitter Means Business: How Microblogging Can Help or Hurt Your Company</a>&#8221; will be on bookshelves soon). Julio can be reached at </em><a href="mailto:jojeda@pioneerpress.com"><em>jojeda@pioneerpress.com</em></a><em>. Get more of his perspective on personal tech at </em><a href="http://twincities.com/techtestdrive" target="_blank"><em>twincities.com/techtestdrive</em></a><em> and </em><a href="http://yourtech.typepad.com/" target="_blank"><em>yourtechweblog.com</em></a><em>. You can also follow him at </em><a href="http://twitter.com/jojeda" target="_blank"><em>twitter.com/jojeda</em></a><em>.</em></p>
<p><strong><em>- <a href="http://minnesota.publicradio.org/about/people/mpr_people_display.php?aut_id=23" target="_blank">Jon Gordon</a></em><em>:</em></strong><em> </em><a href="http://www.publicradio.org/columns/futuretense/" target="_blank"><em>Future Tense</em></a><em>, a show which you&#8217;ve undoubtedly heard broadcast during Minnesota Public Radio&#8217;s </em><a href="http://minnesota.publicradio.org/radio/programs/morning_edition/" target="_blank"><em>Morning Edition</em></a><em> program. The show is both produced and hosted by Jon Gordon, a Minnesota Public Radio reporter based in Silicon Valley. Follow Jon at </em><a href="http://twitter.com/jongordon" target="_blank"><em>twitter.com/jongordon</em></a><em>.</em></p>
<p><strong>Show Notes:</strong></p>
<p><strong></strong>+ Julio&#8217;s <a href="http://yourtech.typepad.com/main/2008/09/local-firms-codemorphic-nabbit-turbocharge-radio.html" target="_blank">post</a> on Minnesota Public Radio&#8217;s new, free iPhone app (get it <a href="http://is.gd/2Quw" target="_blank">here</a>) done by <a href="http://codemorphic.com/" target="_blank">Codemorphic</a></p>
<p>+ Discussion on broadband where <a href="http://www.ultra-high-speed-mn.org" target="_blank">Minnesota&#8217;s Ultra High Speed Broadband task force</a> came up (latest minutes are here in <a href="http://www.ultra-high-speed-mn.org/CM/Custom/8-15-2008%20-%20Meeting%20Mintues_Approved.pdf" target="_blank">this PDF</a>) and Jon mentioned a show he&#8217;d done (<a href="http://www.publicradio.org/columns/futuretense/2008/08/what-russiageor.html" target="_blank">here</a>) and his interview with a cybersecurity firm called <a href="http://www.pch.net/home/index.php" target="_blank">Packet Clearing House</a>.</p>
<p><em>+ </em>As you listen, you may notice at times the audio is a bit &#8220;hot&#8221; and I apologize for that &#8212; there&#8217;s a bit more distortion than normal and I couldn&#8217;t minimize it enough in post-production. We tried a new, high quality &#8216;bridge&#8217; recording platform (<a href="http://HiDefConferencing.com" target="_blank">HiDefConferencing</a>) &#8212; instead of using a single Gang-member hosted Skype conference call &#8212; and while it allowed our guests to easily call in with a combination of Skype, landlines or mobile phones, it was more challenging to control levels. I&#8217;ll have it figured out by next time.</p>

<p><i><a href="http://minnov8.com/2008/09/20/m8-episode7/">Minnov8 Gang Podcast &#8211; Episode 7</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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			<itunes:keywords>angel investors,angels,cloud computing,early-stage investing,iphone,venture capital</itunes:keywords>
		<itunes:subtitle>Hosts: Steve Borsch, Tim Elliott,Â Graeme Thickins, Phil Wilson - We were absolutely delighted this week to have three very special guests who joined the Gang for a discussion about &#039;net and web innovation in Minnesota: - </itunes:subtitle>
		<itunes:summary>Hosts: Steve Borsch, Tim Elliott,Â Graeme Thickins, Phil Wilson

We were absolutely delighted this week to have three very special guests who joined the Gang for a discussion about &#039;net and web innovation in Minnesota:

- Katharine Grayson: Staff Writer for the Twin Cities Business Journal. Katharine covers the internet and web technology beat for the paper, but she&#039;s also expanded into other technologies (e.g., MSP solar array funding, biotech) giving her unique perspectives.

- Julio Ojeda-Zapata: Reporter for the St. Paul Pioneer Press, blogger, and author (his new book, &quot;Twitter Means Business: How Microblogging Can Help or Hurt Your Company&quot; will be on bookshelves soon). Julio can be reached at jojeda@pioneerpress.com. Get more of his perspective on personal tech at twincities.com/techtestdrive and yourtechweblog.com. You can also follow him at twitter.com/jojeda.

- Jon Gordon: Future Tense, a show which you&#039;ve undoubtedly heard broadcast during Minnesota Public Radio&#039;s Morning Edition program. The show is both produced and hosted by Jon Gordon, a Minnesota Public Radio reporter based in Silicon Valley. Follow Jon at twitter.com/jongordon.

Show Notes:

+ Julio&#039;s post on Minnesota Public Radio&#039;s new, free iPhone app (get it here) done by Codemorphic

+ Discussion on broadband where Minnesota&#039;s Ultra High Speed Broadband task force came up (latest minutes are here in this PDF) and Jon mentioned a show he&#039;d done (here) and his interview with a cybersecurity firm called Packet Clearing House.

+ As you listen, you may notice at times the audio is a bit &quot;hot&quot; and I apologize for that -- there&#039;s a bit more distortion than normal and I couldn&#039;t minimize it enough in post-production. We tried a new, high quality &#039;bridge&#039; recording platform (HiDefConferencing) -- instead of using a single Gang-member hosted Skype conference call -- and while it allowed our guests to easily call in with a combination of Skype, landlines or mobile phones, it was more challenging to control levels. I&#039;ll have it figured out by next time.</itunes:summary>
		<itunes:author>Minnov8 Gang</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>1:04:41</itunes:duration>
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		<title>Best Buy Shakes Up VC Liaison Group</title>
		<link>http://minnov8.com/2008/08/11/best-buy-shakes-up-vc-liaison-group/</link>
		<comments>http://minnov8.com/2008/08/11/best-buy-shakes-up-vc-liaison-group/#comments</comments>
		<pubDate>Mon, 11 Aug 2008 14:34:30 +0000</pubDate>
		<dc:creator>Graeme Thickins</dc:creator>
				<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[Best Buy]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[Marti Nyman]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://minnov8.com/?p=416</guid>
		<description><![CDATA[The longtime head of the group within Best Buy Co. that served as liaison to the venture capital community is out, replaced by two senior VPs. Martin Nyman told me his position was eliminated June 30. He had been with the company for approximately seven years, with a recent title of Director-Global Innovation Network. At [...]<p><i><a href="http://minnov8.com/2008/08/11/best-buy-shakes-up-vc-liaison-group/">Best Buy Shakes Up VC Liaison Group</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p>The longtime head of the group within Best Buy Co. that served as liaison to the venture capital community is out, replaced by two senior VPs. Martin Nyman told me his position was eliminated June 30. He had been with the company for approximately seven years, with a recent title of Director-Global Innovation Network. At one time, Nyman had a staff of four, but that group was cut in April 2006  as part of a headquarters staff reduction.</p>
<p><a href="http://minnov8.com/wp-content/uploads/2008/08/bbc.jpg"><img class="alignleft size-full wp-image-430" title="bbc" src="http://minnov8.com/wp-content/uploads/2008/08/bbc.jpg" alt="" /></a>A source inside the company described the recent moves as &#8220;the usual restructuring.&#8221;  I was told that all VC-related activities are now under Rick Rommel, SVP-Emerging Business.  Rommel reports to Kal Patel, whose title is EVP-Emerging Business.  Also within Patel&#8217;s organization, I learned, is a second SVP-Emerging Business, Neil McPhail.  My source tells me McPhail&#8217;s responsibilities are &#8220;less direct VC-related, although there is some overlap.&#8221; His main responsibilities relate to the stores and to the company&#8217;s &#8220;growth accelerator&#8221; initiative.</p>
<p>Yet another group within Best Buy is one that deals directly with the company&#8217;s own VC funding investments. That function has been headed for some time by Kuk Yi (first name pronounced &#8220;cook&#8221;), and is a part of the Finance function, specifically the Treasurer&#8217;s office. Yi also has a &#8220;dotted line&#8221; reporting relationship to Patel, I was told.</p>
<p>Late in March of 2008, a story broke via the blogosphere that Best Buy was forming a new VC fund of its own &#8212; actually two funds &#8212; which I later learned was an initiative headed by Kuk Yi, and it was seeking to hire Principals and Associates for those VC funds (as many as four positions).  Here&#8217;s <a href="http://graemethickins.typepad.com/graeme_blogs_here/2008/03/blogs-break-bes.html" target="_blank">a blog post I did</a> about the blog buzz and speculation going on at that time. The local Business Journal weekly <a href="http://twincities.bizjournals.com/twincities/stories/2008/03/31/story1.html?b=1206936000^1611086&amp;page=1" target="_blank">broke the story in the Twin Cities media</a> on March 28, picking up on the earliest blog reports.</p>
<p><strong>No Action Since March?</strong><br />
The most surprising thing I learned from my sources recently is that <em>no one has yet been hired</em> for any of these positions. So, the question remains: just what is Best Buy doing in regard to formalizing its own venture investing function? And what changes, if any, can be expected in the liaison activity with the VC community at large, based on Nyman&#8217;s departure?</p>
<p>One thing is certain: Marti Nyman leaves Best Buy with a wealth of relationships with scores of VCs, including many of the most successful ones in Silicon Valley, where he spent much of his time. While assessing his next move, Nyman is doing business development consulting with a Twin Cities-based technology startup that had previously raised $5 million in venture capital and, he says, is on the verge of achieving significant adoption of its technology.</p>
<p><i><a href="http://minnov8.com/2008/08/11/best-buy-shakes-up-vc-liaison-group/">Best Buy Shakes Up VC Liaison Group</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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		<title>&#8216;Minnebar&#8217; Becoming Top Event for State&#8217;s Internet/Software Developers and Entrepreneurs</title>
		<link>http://minnov8.com/2008/05/04/minnebar-becoming-top-event-for-states-internetsoftware-developers-and-entrepreneurs/</link>
		<comments>http://minnov8.com/2008/05/04/minnebar-becoming-top-event-for-states-internetsoftware-developers-and-entrepreneurs/#comments</comments>
		<pubDate>Sun, 04 May 2008 20:24:36 +0000</pubDate>
		<dc:creator>Graeme Thickins</dc:creator>
				<category><![CDATA[Emerging MN Companies]]></category>
		<category><![CDATA[MN Entrepreneurs]]></category>
		<category><![CDATA[New Tech from MN Companies]]></category>
		<category><![CDATA[Open Source]]></category>
		<category><![CDATA[Startups & Developers]]></category>
		<category><![CDATA[Tech Investors]]></category>
		<category><![CDATA[angels]]></category>
		<category><![CDATA[early-stage investing]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Minnebar]]></category>
		<category><![CDATA[Minnesota Barcamp]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[venture capital]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://minnov8.com/2008/05/04/minnebar-becoming-top-event-for-states-internetsoftware-developers-and-entrepreneurs/</guid>
		<description><![CDATA[An annual Minnesota event, playfully named Minnebar &#8212; which grew out of a grass-roots tech industry initiative called Barcamp &#8212; is happening for the third year in a row here in the Twin Cities this coming Saturday, May 10, at the U of M&#8217;s Coffman Union. By 8:00 am, somewhere between 300 and 400 software [...]<p><i><a href="http://minnov8.com/2008/05/04/minnebar-becoming-top-event-for-states-internetsoftware-developers-and-entrepreneurs/">&#8216;Minnebar&#8217; Becoming Top Event for State&#8217;s Internet/Software Developers and Entrepreneurs</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
]]></description>
			<content:encoded><![CDATA[<p>An annual Minnesota event, playfully named <a href="http://www.minnebar.com" target="_blank">Minnebar</a> &#8212; which grew out of a grass-roots tech industry initiative called <a href="http://en.wikipedia.org/wiki/Barcamp" target="_blank">Barcamp</a> &#8212; is happening for the third year in a row here in the Twin Cities this coming Saturday, May 10, at the U of M&#8217;s Coffman Union.<br />
<img src="http://minnov8.com/wp-content/uploads/2008/05/minnebar.jpg" alt="Minnebar logo" align="left" height="105" width="327" /> By 8:00 am, somewhere between 300 and 400 software developers, startup founders (and hopefuls), web designers, interactive marketers, local media reporters, angels, VCs, and other investors will start converging in one place as they seldom do in any venue in these parts, at any other time throughout the year.</p>
<p><img src="http://minnov8.com/wp-content/uploads/2008/05/coffman.jpg" alt="Coffman Union" align="left" height="200" width="317" /> They come to talk shop, learn, share tips, listen to presentations on the latest tech developments and tools, share war stories, listen to startup pitches, and (of course) take notes, blog, and Twitter about all the proceedings on the laptops and smart phones they never seem to have far from their sides. <span id="more-279"></span></p>
<p>The nice thing is, especially for the many self-employed among them, is that it&#8217;s all <em>free</em> &#8212; breakfast, lunch, a closing reception, even a free event t-shirt, and, best of all, more wi-fi bandwidth they they can possibly consume in one day &#8212; all courtesy of a bevy of sponsors that covet the attention of this highly influential and hard-to-reach group. The sponsors for this year&#8217;s event include VC firm Split Rock Partners, ipHouse, Swarmcast, SierraBravo, FindLaw, and the U of M&#8217;s Software Engineering Center (which is a special venue sponsor).</p>
<p>The original organizers of Minnebar &#8212; and its companion events called Minnedemo, which are evening gatherings that happen the other three quarters of the year &#8212; include three Twin Cities developer/entrepreneurs by the names of Dan Grigsby, Ben Edwards, and Luke Francl.  (Edwards and Francl planned the &#8217;08 edition of Minnebar.)  The April &#8217;07 event, held in St. Paul, had the distinction of being the largest Barcamp ever held in the U.S. to that date.</p>
<p><strong>Something For Everybody</strong></p>
<p>Sessions at this year&#8217;s events &#8212; all suggested by and conducted by the attendees themselves, many of them forming into panels, include such topics as these:</p>
<p>• The 7 Deadly Sins of Startup Marketing</p>
<p>• Scaling High-Traffic Web Sites</p>
<p>• Blogging for Benjamins: How To Turn Your Topical Blog Into Cash</p>
<p>• Communication For Geeks: How to Influence Your Boss, Your Customers, and Your Team</p>
<p>• From Programming to Profit: Skills To Pay The Bills</p>
<p>• Merb 1.0: Ruby on Rails that Scales</p>
<p>• The Mathematical Foundations of Music</p>
<p>• Enterprise Information Mashups: Web 2.0 + SOA + Data Visualization</p>
<p>• Distributed Teamwork: Managing Virtual Development Teams</p>
<p>• And much more&#8230;</p>
<p><strong>A Soapbox for Pitching New Ideas</strong></p>
<p>Minnebar even has a &#8220;Lightning Talks&#8221; session that gives anyone the opportunity to sign up to give a five-minute demo or presentation, whether it be a new technical idea or business concept, or perhaps you&#8217;re an existing startup that wants to update the attendees on your latest progress or product introductions.  Anyone who wants to sign up for a Lightning Talk pitch may simply to go to the event wiki site, specifically to <a href="http://barcamp.org/MinneBarSessions" target="_blank">the Minnebar Sessions page</a>, and look for the email link to apply. Or, to sign up for a full session (which can be 15-30 minutes or more), have your session title and description ready, then hit Edit Page and enter that information.  Just be aware that time is running short, as the organizers will need to cut things off soon to publish the full schedule for Saturday&#8217;s event.</p>
<p>To simply sign up to attend (pre-registration is not necessary, but certainly recommended), just go to that same <a href="http://www.minnebar.com" target="_blank">Minnebar wiki page</a>, click on Edit Page at the top, and enter your name and company name or link at the bottom.</p>
<p>I&#8217;ll be at the event, along with the entire Minnov8 team of contributors, reporting on all the action. Watch our blogs or Twitter pages (as identified in the bios in the &#8220;About Minnov8&#8243; tab at the top), if you can&#8217;t make it.  For example, I&#8217;ll be posting at <a href="http://www.twitter.com/graemethickins" target="_blank">www.twitter.com/graemethickins</a> throughout the day.  But nothing beats being there in person!  This is one fun, high-energy event, and really a <em>must-attend</em> if you&#8217;re involved in any way in Minnesota&#8217;s Internet or software industry. So, we hope to see you there!</p>
<p><strong>UPDATE (5/5/08):</strong>  Forgot to mention!  Minnebar&#8217;s organizers have also mentioned there may be a &#8220;pre-event mixer&#8221; either this Thursday or Friday.  Keep watching <a href="http://www.minnebar.com" target="_blank">the Minnebar site</a> for details on where and when&#8230;</p>
<p><i><a href="http://minnov8.com/2008/05/04/minnebar-becoming-top-event-for-states-internetsoftware-developers-and-entrepreneurs/">&#8216;Minnebar&#8217; Becoming Top Event for State&#8217;s Internet/Software Developers and Entrepreneurs</a> is a post from: <a href="http://minnov8.com">Minnov8</a> and published <a href="http://creativecommons.org/licenses/by-nc/3.0/">under a Creative Commons license</a>.</i></p>
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