In our continuing quest to bring you Minnesota thought leaders on ‘net and web innovation, we invited none other than Pete Birkeland, CFO & Investment Manager with the angel network RAIN Source Capital, to be on this show to talk about funding and his perspectives.
RAIN Source Capital is a multi-state network of RAIN funds that works with angel investors who are interested in supporting growing companies. RAIN Source® helps bring together like-minded angel investors to form individual RAIN funds – and then provides these funds with additional capital, a process for due diligence, legal templates, management support, access to deal flow and other resources. RAIN funds share expertise, deals and experience between and among RAIN Source Capital’s multi-state network of RAIN funds, to support growing companies throughout the area. RAIN funds range in size from seven to 61 members, who have pooled anywhere from $500,000 to $2 million. RAIN Source Capital is based in St. Paul, MN.
Hosts: Steve Borsch, Tim Elliott, Graeme Thickins, Garrick Van Buren
The Podcast
Podcast: Download (Duration: 41:13 — 23.8MB)
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In today’s show, a few things were mentioned:
+ A couple of companies RAIN has funded: Ntractive and Flyspy
+ Angelsoft: The hosted software RAIN uses that’s geared for VC’s and angel investors
+ Recent VC moves with startups:
– Sequoia Capital’s meeting with their funded companies and the presentation. Good recap here.
– Paul Graham from YCombinator on Why to Startup in a Bad Economy
– Uncov’s funny post Paul Graham, Just Shut Your Face Already
+ Upcoming events: Richard Stallman at the UofMN (with a gathering at Bullwinkle’s saloon afterwards (map)); Social Media Breakfast on Oct 31st; Visi’s VISION 2008 Conference with keynote speaker, Robert Stephens head of Geek Squad.