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

Broken Clouds
55°
66° | 55°
  • Feels like: 55° F
  • Wind: ESE 13mph
  • Humidity: 67%
  • Wed A few thunderstorms possible
    66° | 56°
  • Thu Mainly cloudy and rainy
    66° | 46°
  • Fri Rain in the afternoon, windy
    50° | 38°
  • Sat Mix of sun and clouds
    54° | 42°

Video

KSTP NEWS