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The Secret History of Minnesota Part 1: Engineering Research Associates

Steve Blank

Meanwhile the biggest and fastest scientific computer companies were in Minnesota. While it seemed like a good idea and had the Navy’s backing, the founders got turned down for funding by companies, investment bankers and everyone, until they talked to John Parker. More in part 2 of The Secret History of Minnesota

Minnesota 309
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It's time for lean philanthropy: a case study

Startup Lessons Learned

Lines at food pantries were hundreds of cars and hours long, as the food security system struggled to keep up with unprecedented demand. Some food banks saw demand 3-4x normal, just as their volunteer base shrunk due to worries about COVID-19 infection. Minneapolis, Minnesota: Cars line up at a drive-thru food pantry.

Lean 128
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Retail Reimagined: 9 Trends for the Future of Physical Retail

ConversionXL

Retailers have proven amazingly resilient in the past year, as they’ve worked through the mass shift to ecommerce and balancing the demands of lockdowns and shifting consumer behavior. Before the pandemic hit, Minnesota brand TC Running had two brick-and-mortar stores and zero ecommerce presence. Paige Briscoe, founder of ReRoot.

eCommerce 155
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JonnyPops – Frozen Pops Business Comes Into Fruition

YoungUpstarts

“ JonnyPops is a homegrown Minnesota company,” says Wray. Olaf students, along with University of Wisconsin-Madison junior Spencer Uttley, have developed their own business model, JonnyPops is the brainchild of Jonathan “Jonny” Jeffrey, a cousin of chief founder Brust. “I think that’s cool.”

Minnesota 145
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Austin Inno’s Brent Wistrom Covers the City’s Most Exciting Entrepreneurs

Austin Startup

Over that time period, this newsletter has emerged as a must read for the city’s startup community because of its aggressive coverage of investments, IPOs, launches, Central Texas re-locations, mergers, founder-related events and (more recently) COVID-related layoffs. In fact, the Beat now counts more than 10,000 subscribers.

Austin 62
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15 Famous Companies That Started As Something Much Different

YoungUpstarts

All businesses begin with a specific idea in mind, and although some stick to exactly what they started with, it’s much more common to find that a business has grown and evolved over time to keep up with changes in supply, demand, and even resource availability. The last of the textile operations were shut down in 1985.

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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? II: Who are the major Revenue-Based Investing VCs? IV: Should your new VC fund use Revenue-Based Investing?

Equity 78