abc
QUICK LINKS:

Minnesota Entrepreneurs Attracting Millions of Investment Dollars

Updated: 02/20/2014 7:18 AM
Created: 02/19/2014 8:08 PM KSTP.com
By: Nick Winkler

The 4th Minnesota Entrepreneur Kick-Off featured a mix of startups looking for money and deep-pocketed investors looking for opportunities.

Tech startups in Minnesota raised at least $182 million dollars last year. Several startups 5 EYEWITNESS NEWS talked with say the key is proving yourself before asking for investment money.

For instance, some Minnesota entrepreneurs are executing successful crowdfunding campaigns first. Doing so proves an idea is popular and makes it less of a risk for venture capitalists.

Other entrepreneurs tell us they focused solely on building a product and creating a customer base.

Either way, these entrepreneurs say proving yourself will help a startup stand out and attract the capital it needs to grow.


Minneapolis/St. Paul

Clear
70°
80° | 60°
  • Feels like: 70° F
  • Wind: N 5mph
  • Humidity: 57%
  • Thu A few clouds
    82° | 62°
  • Fri A few thunderstorms possible
    80° | 64°
  • Sat Slight chance of a thunderstorm
    84° | 64°
  • Sun Isolated thunderstorms
    77° | 58°

Video

KSTP NEWS