One of the most important things for early-stage entrepreneurs to obtain is advice from others who have succeeded. Minnesota Cup review board members Beth Kieffer Leonard and Joel Lebewitz of Lurie Besikof Lapidus & Company, discuss the importance of a board of advisors.
As an entrepreneur, you should know that over 30 corporate strategic investors and more than 50 venture capital and individual investors are registered for the MedTech Investing Conference taking place this Wednesday, May 8th.
Minnesota Cup is proud to be the Entrepreneurship Sponsor of the 2013 Minnesota High Tech Association (MHTA) Spring Conference on April 30 at the Minneapolis Convention Center. In alignment with its vision to fuel Minnesota's prosperity through innovation and technology, MHTA's conference will focus on innovation.
As many veteran business owners are aware, it is critical to address early and up front various triggering events that may give rise to a "business divorce." Important items such as, knowing who your co-shareholders are, how liquidity events such as marriage divorce, disability or death will be met, keeping the business in the family and how the business will be continued or transitioned when the current active shareholders are no longer around, should be addressed and committed to in writing.
When it comes to crowdfunding, the legal community has taken a "sky is falling" view of the proposed funding mechanism for startup companies. Crowdfunding has created an enormous buzz within the startup finance community. In fact, my fellow authors on entreVIEW blog have written about it enough that it's among the top 20 most frequent tags since we launched our blog for entrepreneurs a couple of years ago. However, regulators and practitioners have not only thrown cold water on the idea, they have also begun to squawk about its approaching perils. If you're excitedly expecting that crowdfunding will fundamentally transform the way companies raise capital, the legal community is telling you to think again.
Post from David Russick, Gopher Angels
What do you want from your business? Is it to build a legacy enterprise to pass on to your family? Is it to be your own boss and earn a decent living? Or, is it to build value and cash out quickly (hopefully!)? Answering these questions early on will help you focus on a business strategy that suits your personal goals.
Entrepreneurs from across the state competing in the 2013 Minnesota Cup Energy & Clean Tech division will have access to additional benefits and awards through the new agreement between Minnesota Cup and Cleantech Open.
Have the next great business idea? The ninth annual Minnesota Cup competition -- the largest statewide new venture competition in the country -- opens today!
The Minnesota Cup has a few new tools this year to share its message about why YOU should enter our FREE competition.
The Minnesota Cup has been fortunate in finding businesses, organizations and people who are passionate about Minnesota's entrepreneur community by supporting our efforts through volunteer hours and dollars to help start-up companies succeed.