Page 59 - INC Magazine-November 2018
P. 59

Notable fuNdiNg       Who to kNoW                       taleNt pipeliNe    include astropad,
                  $38 million leadpages   Cathy Connett  5  grew up in    s The techstars retail   maker of an app that
                  (designs customizable landing   Jamaica and West Virginia but was   accelerator in partner-  turns an iPad into a
                  page templates)                                         ship with target has   drawing pad, and
                  $240 million Bright Health    “raised Midwestern,” thanks to her   worked with 30 startups   Microoptx, a medical
                  (sells individual health    parents, who hailed from Nebraska.   since hatching in 2016.   device company chang-
                  insurance)            She landed in the Twin Cities to help   Participants—like local   ing how glaucoma is
                                        commercialize 3M’s new technolo-  Crate—often end up   treated.
                  Notable exits         gies. Now she’s CEO of the Sofia   working with the big-
                  Conagra paid $250 million  Fund, which is run by women to   box retailer.   s In 2015, General Mills
                  for BoomChickaPop  4  in 2017.  help female founders grow their            launched 301 inc, an
                  Vista Equity Partners paid                              s Minnesota Cup, the   incubator that invests in
                  $153 million for email   businesses. Sofia’s two funds have   largest statewide com-  early-stage food com-
                  communication software   so far invested $3 million in biotech   petition for startups in   panies (see “For Love or
                  startup GovDelivery in 2016.  startups, including Tactile medical   the country, is run by the   Meat,” page 30) such
                                        and Rebiotix.                     University of Minnesota.   as No Cow,  6  a vegan
                                                                          Winning startups    protein-snack company.








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                  CoMpaNies to WatCh                  Who to kNoW                 Where to talk shop
                  s Sister and brother  $292.5 million in   Husband-and-wife duo   s Professionals   and stay for the
                  aubry and kale   venture capital—with   Ahmed El Shourbagy and   meet over “sea-  locals’ favorite
                  Walch  7  wanted to   a product develop-  Ashley Paguyo El Shour­  sonal Midwest”   dish, huevos
                  re-create the meat   ment outpost in   bagy  11  created the popular   fare like creamy   rancheros, made
                  dishes they ate   Minneapolis, which   social media account Dogs   spinach cheese   with refried
                  growing up in   is, not coincidentally,                         curds in James   beans prepared
                  Guam—minus the   the home turf of   of instagram, built a fan   Beard Award–   in-house.
                  meat. The result: the  larger-than-life   base of 4.2 million follow-  winning chef
                  herbivorous butcher, retailer target. 9  ers, and then launched a   Gavin Kaysen’s   s Minneapolis
                  a vegan butcher that                dog accessories company—    spoon and stable,   is no stranger to
                  sells meat-free   s eric and andrew   and they are happy to share   located in a    craft beer, so
                  Italian sausages,   dayton, sons of                             converted horse   when entrepre-
                  porterhouse steaks,   Minnesota governor   their wisdom. “They can   stable downtown.  neurs want to
                  and chicken.    Mark Dayton, created   help anyone build a brand               toast to the day’s
                                  askov finlayson, 10  on social media,” says Davis   s Come to Moose  accomplish-
                  s Last year, serial   a men’s outdoor                           & sadie’s for the   ments—or fail-
                  entrepreneurs tina   clothing brand and   Senseman, whose law firm   chance to rub   ures—they head
                  sharkey and ido   retailer that flaunts   specializes in services for   elbows with the   to one of its many
                  leffler  8  launched   its dapper Minnesota    entrepreneurs.   North Loop’s   breweries, includ-
                  the San Francisco-  roots with products   Average salary for a local   advertising and   ing bauhaus
                  based consumer   like its must-have   software developer:       marketing gurus,  brew labs, known
                  basics e-commerce  knit pompom hat                              who often take   for its varietals like
                  store brandless—  with the word North   $84,188 per year        breakfast meet-  the IPA Sky-Five.
                  now bolstered by   stitched on the front.  Source: Glassdoor    ings at the café—
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