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Who Are the Best Angel Investors in Minnesota?
When it comes to taking a startup off the ground in Minnesota, angel investors play a critical role. They provide the necessary capital, mentorship, and connections that can make the difference between a startup’s success or failure. But, who are the best angel investors in Minnesota? Let’s find out.
The Gopher Angels
Founded in 2012 by siblings David and Sara Russick, Gopher Angels has invested in over 50 Minnesota-based startups since its inception. The group consists of accredited investors who are either experienced entrepreneurs or business executives. They have a strong focus on startups in the tech industry but are open to other sectors too.
The Sofia Fund
This women-led fund focuses on women-led startups. The Sofia Fund was established to address the funding gap that women entrepreneurs often face. They invest in high-growth, scalable businesses across a range of industries, offering not just capital, but also mentorship and strategic advice to the startups they back.
What percentage does the average angel investor get?
While the percentage of equity that an angel investor receives can vary greatly depending on the deal, the industry average is typically anywhere from 20 to 25 percent. This percentage is usually reflective of the risk that angel investors take when investing in startups, as well as the level of involvement they have in the company’s operations.
Average Investment Amounts
The average investment amounts can range from $25,000 to $100,000 per deal, but can go much higher in certain cases. It’s important to note that the actual amount an angel investor is willing to invest also depends on the startup’s valuation, the investor’s net worth, and the investor’s belief in the startup’s potential for success.
Return on Investment
Angel investors typically aim for a return on investment (ROI) of at least 10x over a five to seven-year period. This is because a significant percentage of startups fail, so the successful investments need to provide a high return to compensate for the losses.
Other Top Angel Investors in Minnesota
TreeHouse Health
TreeHouse Health is an innovation center that invests in and supports emerging healthcare companies. They provide startups with direct access to key stakeholders and resources, and operate in a unique, collaborative environment to help startups grow.
Great North Labs
Great North Labs is a venture fund that backs ambitious teams disrupting traditional industries with technology. They offer a combination of capital, mentorship, and connections to help startups succeed.
Osborn370
Osborn370 is a community of entrepreneurs, investors, and advisors. This community is committed to making Minnesota’s startup scene as vibrant and diverse as possible. They offer resources, mentorship, and connections to help startups succeed.
Why Minnesota?
Minnesota is a hotbed for entrepreneurship and innovation, with a thriving startup scene and a strong support system for new businesses. The state offers a robust ecosystem of angel investors, venture capitalists, and accelerators to help startups grow and thrive.
Minnesota’s Thriving Tech Scene
Minnesota has a thriving tech scene, with many successful tech startups calling the state home. The state’s tech sector is growing at a rapid pace, making it an exciting place for entrepreneurs and investors alike.
Support for Startups
The state offers a host of resources and support for startups, including numerous accelerators and incubators, networking events, and co-working spaces. This supportive environment makes Minnesota an ideal place for entrepreneurs looking to launch and grow their startups.
We hope that this article has provided you with insight into the best angel investors in Minnesota and their role in the startup ecosystem. Remember, choosing the right investor for your startup is just as important as securing the investment itself.
Who Are the Best Angel Investors in Minnesota?
Angel investors are an integral part of the startup ecosystem, providing much-needed capital to young companies in exchange for equity. In Minnesota, there is a thriving community of these investors, each bringing a unique blend of experience, expertise, and resources to the table. But who stands out in this crowd? Who are the best angel investors in Minnesota? Let’s dive into the details.
1. Sofia Fund
The Sofia Fund is a well-known name in the Minnesota startup scene. It is a women-led angel investment fund that focuses on high-growth, women-led technology companies. The Sofia Fund brings more than just financial resources to the table. They lend their extensive industry experience, strategic guidance, and vast network to help startups succeed. Their reputation for integrity, professionalism, and commitment to diversity and inclusion further enhances their standing as one of the best angel investors in Minnesota.
2. Gopher Angels
Gopher Angels is a group of accredited investors who invest in early-stage companies. They have a strong focus on Minnesota-based startups, although they also consider investments in other regions. Gopher Angels provides not only capital but also mentorship and connections to help startups grow. Their commitment to fostering innovation and entrepreneurship in Minnesota makes them one of the top angel investors in the state.
3. Great North Labs
Another standout in the Minnesota angel investing scene is Great North Labs. This venture capital firm was founded by successful technology entrepreneurs, and they bring their firsthand experience to the table when mentoring and investing in startups. Great North Labs focuses on early-stage companies in the Upper Midwest, particularly those in high-growth sectors such as technology and healthcare. Their track record of successful investments, along with their hands-on approach, makes them a top choice for startups seeking angel investment.
4. TreeHouse Health
TreeHouse Health is an innovation center that invests in early-stage healthcare companies. They offer a unique, collaborative environment where startups can thrive. Beyond providing capital, they offer operational support, a robust network of industry partners, and access to a state-of-the-art facility. Their focus on healthcare innovation and their commitment to the growth of startups make TreeHouse Health an outstanding angel investor in Minnesota.
How Do I Get a List of Angel Investors?
Identifying the right angel investors for your startup can be a daunting task. However, several resources can help you compile a list of potential investors. Here are some tips to get you started:
1. Online Directories and Databases
There are numerous online directories and databases that list angel investors. These include AngelList, CrunchBase, and PitchBook. These resources provide information about the investor’s investment focus, portfolio companies, and contact information. You can filter these databases to identify angel investors in Minnesota.
2. Networking Events
Networking events, both in-person and virtual, are excellent opportunities to connect with angel investors. Look for startup events, industry conferences, and investor meetups in Minnesota. Don’t forget to prepare your elevator pitch and bring plenty of business cards!
3. Local Entrepreneurship Centers
Entrepreneurship centers, incubators, and accelerators often have relationships with local angel investors. In Minnesota, organizations like the Minnesota Cup, Techstars, and the Holmes Center for Entrepreneurship can be valuable resources in your search for angel investment.
4. Social Media
Many angel investors and investment groups have a strong presence on social media platforms like LinkedIn and Twitter. Following them on these platforms can provide insights into their investment preferences and recent activities.
Don’t overlook this valuable resource in your search for angel investors in Minnesota.
Meet the Top Angel Investors in Minnesota
Minnesota is quickly becoming a hub for startups and emerging businesses. It’s no wonder why so many entrepreneurs are flocking to the “Land of 10,000 Lakes” to find funding for their ventures. In this piece, we will present some of the best angel investors in Minnesota who have been instrumental in fostering the growth of the startup ecosystem in the state.
Chip Pearson: A Tech Titan
Chip Pearson is a name that resonates in the Minnesota startup scene. As one of the co-founders of JAMF Software, a highly successful tech company, Pearson has a deep understanding of what it takes to build and grow a tech startup. After leaving JAMF, Pearson turned his attention to supporting other entrepreneurs. He is an active angel investor and has invested in several Minnesota-based startups, including When I Work, Branch, and Player’s Health.
Rob Weber: The Gaming Guru
Rob Weber is another influential figure in the Minnesota startup ecosystem. As the co-founder of NativeX, a mobile advertising platform for games, Weber has a keen eye for potential in the gaming industry. After selling NativeX to Chinese investors, Weber, along with his brother Ryan, founded Great North Labs, an early-stage venture fund. The Weber brothers have a reputation for being hands-on investors who offer startups more than just financial support. They share their expertise and networks to help startups succeed.
The Stalwarts: Sara Russick and Joy Lindsay
Sara Russick and Joy Lindsay are two of the most well-known names in Minnesota’s angel investing scene. They co-founded Gopher Angels, a network of angel investors dedicated to funding Minnesota startups. Gopher Angels has helped numerous startups get off the ground, becoming a lifeline for entrepreneurs in Minnesota. Beyond their investing activities, Russick and Lindsay are known for their commitment to fostering a vibrant startup community in Minnesota. They have mentored countless entrepreneurs and are often sought after for their insights into startups and investing.
Dale Johnson: An Advocate for Innovation
Dale Johnson, a serial entrepreneur and angel investor, has been a driving force in Minnesota’s tech ecosystem. He is the founder of Trailhead Capital, an angel investment firm that specializes in early-stage ventures. Johnson is passionate about harnessing technology to solve real-world problems and has a knack for identifying startups with high growth potential. He is particularly interested in fintech, healthcare, and clean energy startups. Johnson’s investments have played a crucial role in the success of several Minnesota startups, including Exos Advisors, HomeSpotter, and Kalderos.
The Emerging Angels: Mary Grove and Brett Brohl
Mary Grove and Brett Brohl are relatively new to the angel investing scene in Minnesota, but they have already made their mark. Grove, the former director of Google for Entrepreneurs, and Brohl, the managing director of Techstars Farm to Fork Accelerator, co-founded the Bread & Butter Ventures. The venture capital fund invests in early-stage startups in the tech, healthcare, and food industries. They believe in the power of startups to change the world and are committed to helping entrepreneurs turn their ideas into successful businesses.
These are just a few of the many angel investors that are shaping the startup landscape in Minnesota. Each of these investors brings a wealth of experience, expertise, and passion to the table, making them invaluable partners for any entrepreneur. So, if you’re a startup looking for funding in Minnesota, these investors could be the angels you’ve been waiting for
Who Are the Best Angel Investors in Minnesota?
Angel investors, also known as seed investors or business angels, are individuals who provide capital to startups in exchange for ownership equity or convertible debt. In the state of Minnesota, there are several notable angel investors who have helped to launch and grow various successful companies. In this article, we will discuss some of the most prominent angel investors in Minnesota and their contributions to the startup ecosystem in the state.
The Prominent Angel Investors in Minnesota
One of the most well-known angel investors in Minnesota is Scott Burns. Burns is the co-founder and former CEO of GovDelivery, which was sold for $153 million in 2016. Since then, he has turned his attention to investing in early-stage technology companies, particularly those in the Twin Cities area. Burns is a strong believer in the potential of Minnesota’s startup ecosystem and has been instrumental in supporting its growth.
Another notable angel investor in Minnesota is Mark Marlow. Marlow is the founder of the Minnesota Angel Network, an organization that aims to increase the amount of angel investment in Minnesota-based startups. Marlow himself is an active investor, with a portfolio that includes companies in a variety of industries, from medical devices to software to clean energy.
Ryan Broshar is also a significant figure in Minnesota’s angel investment scene. He is the founder of Matchstick Ventures, a seed-stage venture capital firm that focuses on tech startups in the North and Rocky Mountain regions. Broshar is known for his hands-on approach to investing and his commitment to helping entrepreneurs succeed.
Key Contributions of Angel Investors to Minnesota’s Startup Ecosystem
The contributions of angel investors to Minnesota’s startup ecosystem are immeasurable. They provide not only capital, but also mentorship, connections, and support. As such, they play a crucial role in the success of many local startups.
For instance, Scott Burns is known for his active involvement in the companies he invests in. He often serves as a mentor to the entrepreneurs he backs, providing them with valuable advice and guidance. His investments have helped to create jobs, spur innovation, and drive economic growth in Minnesota.
Similarly, Mark Marlow and his Minnesota Angel Network have been instrumental in fostering a vibrant and supportive environment for startups in the state. Through his work with the network, Marlow has helped to increase the flow of capital to Minnesota-based startups and has played a key role in promoting the state as a hub for innovation.
What Are the Pitfalls of Angel Investors?
While angel investors can provide valuable resources to startups, there are also potential pitfalls to be aware of. One such pitfall is the risk of dilution. This happens when an investor takes a significant ownership stake in a company, thereby diluting the ownership stakes of the original shareholders.
Another potential pitfall is the loss of control. When an entrepreneur accepts an investment from an angel investor, they often have to give up some level of control over their company. This can lead to disagreements and conflicts over the direction of the business.
Finally, there is always the risk of failure. Startups are inherently risky, and even with the backing of an angel investor, there is no guarantee of success. If a startup fails, the angel investor stands to lose their entire investment.
Understanding the Risks and Rewards of Angel Investing
Despite the potential pitfalls, many individuals are drawn to angel investing because of the potential for high returns. Successful startups can generate significant profits for their investors, and many angel investors are motivated by the opportunity to be part of a company’s success from the ground up.
It’s also worth noting that angel investors often bring more to the table than just capital. They typically offer their expertise, connections, and support to the startups they invest in. This can be invaluable for entrepreneurs, particularly those who are just starting out.
FAQ
1. Who are some of the top angel investors in Minnesota?
2. What sectors do the best angel investors in Minnesota typically invest in?
3. How can I get in touch with the best angel investors in Minnesota?
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