Tag: VC (Page 9 of 10)

Hot, as in…could you find a parking place? Then could you get in the door? And could you believe the freaking great weather outside? For those of you not in Minnesota, we’ve been basking in 45-50 degree temps of late, haven’t seen a snowfall yet (and it’s mid-December!), and we actually had a light rain/mist goin’ on outside Monday evening for this second MinneDemo event. I had to pinch myself to believe I wasn’t in San Francisco! And the scene, a high-energy gathering of Internet entrepreneurs and developers, made it even more reminiscent of the City by the Bay, back in days of….well, you know.

But, hell no, this is no bubble! Web 2.0 is different, folks. And this group is great evidence of that. It proves that smart developers can live and work anywhere they want….even in now-subtropical Minnesota [if this is global warming, bring it on, baby!]. And the new, open tools and platforms of the Web 2.0 era let them build their stuff quickly while they stay right where they prefer to live. It’s hard convincing Minnesota folks to leave. Something about quality of life, snow (hah!), lakes, fishing, hunting, the local music scene, the culture, and, doggone it…“Minnesota Nice” in general.

What’s interesting, too, about this new breed of startups is that they don’t need much to bootstrap and get their businesses going and up on the Web. Rapid development platforms like Ruby On Rails help a lot in that regard [and I’m hearing we have an excellent community of those developers here]. The hope of these entrepreneurs, of course, is that word will spread “virally” about their new sites…kind of the comeback of the age-old ‘build-a-better-mousetrap’ concept. But they’re smart enough to realize they don’t need to be hunting down big VC dollars for these businesses — they wouldn’t know what to do with such money, anyway. They understand, however, that angel funding is a good fit for their needs. [And, yes, there were definitely some angels present! Of course, not a single VC showed, but my radar is picking up that this will change soon.] Think of our local Web 2.0 phenomenon as a kind of giant caldron of experimentation: build ’em fast and get ’em up on the Web! Then, hey, if people like ’em, they just might catch on and turn into real businesses….

[Note: The event, by the way, was held at at the Arcadia Cafe at Franklin and Nicollet. Photos shown are courtesy of Minneapolis’ own Jamie Thingelstad, VP/CTO of Dow Jones Online. He and his crew run all the awesome sites of this global leader from right here! Yes, 110 people downtown, in the original MarketWatch offices. Jamie is also affiliated with one of the sponsors, Road Sign Math. The photos, in order, are of the bar, organizer-extraordinaire Dan Grigsby, the demo room, and Mike O’Connor getting ready to pitch.]

Net-net: anybody who’s anybody in the local developer community was at this schmoozefest, either to demo their wares (there were six companies/projects pitching), watch their peers demo, or just catch up with their fellow developer friends, advisors, potential employees/employers, look for contract talent, angel connections, etc, etc…. I saw and heard all that and more. I was in awe being around so many smart people. We have one really, really great developer community here, folks! Some of my best friends are developers, and I’m very happy to say that. Get to know ’em. This is where this state’s next generation of company-building and wealth generation will come from!

So, who’s behind organizing this MinneDemo thing? It rose up out of a grass-roots, open-source movement called BarCamp, which is actually (and fittingly) a global phenomenon. Three local developers named Dan Grigsby, Luke Franci, and Ben Edwards decided about a year ago that our local community could be a great “chapter” if someone would just get it started. Well, they seized the moment! …and actually have put in a ton of work into throwing the three events so far. [BarCamp MN and then two MinneDemos.] We salute you guys! And they had no problem finding sponsors — in fact, I hear their list is almost over-subscribed already. For this event, the sponsors were ipHouse, Mosquito Mole Multiworks, Kinetic Data, Road Sign Math, and New Counsel. [Thanks, guys! Smart marketing dollars invested.]

This second MinneDemo easily drew 180 people, which was double the first one! [That was held at a smaller venue in Uptown in September.] Not only was this one a happening, fun networking event, there was a lot of stimulating discussion going on Monday night — I can attest. As well as seeing a lot of old friends, developers and others alike — Tom Kieffer, Rob Metcalf, Jeff Pester, Mike O’Connor, John Roberts, Derek Peterson, Tom VonKuster, and several more — I met some really interesting new friends, including [the ones I got cards from, at least]: Ben Moore of Curbly (great tagline this social network has: “Love Where You Live”)….Dan Carroll of imp (that stands for “Intelligent Media Platform” and, interestingly, it’s a company that sort of grew out of the Utne Reader)….John Sandberg of Kinetic Data (one of the sponsors linked above)….and Katharine Grayson, the new technology beat reporter for our local weekly The Business Journal. She was nice enough to bring along a photographer, after I alerted their managing editor, Mark Reilly, to the event. [Note: Buy next week’s issue — lots more about our local tech community there.]

So, you get the point by now: the Minnesota Internet startup and business community is a-hummin’!! I know you’ll be hearing more from many people in this group. And I’ll continue bringing as much of it to you as I can…

Nothin’ “mini” about Minne-sota!

Tags: MinneDemo, BarCamp, Minnesota startups, Web 2.0