Minnesota venture funding dips sharply in first quarter

  • Article by: Adam Belz , Star Tribune
  • Updated: April 26, 2013 - 12:06 AM

In Minnesota, investment fell 58% from a year ago, with weak interest in medical devices.

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pitythefoolsApr. 26, 13 8:52 AM

Nothing went to startups. Now that the glow is off med devices, which are providing increasingly less benefit at astronomically greater cost, the only sector left that the investor class is interested in is software -- which they should know from facebooks collosally failed IPO is pretty risky now days. Until the investor class opens its wallets to other industries, all we're going to see is a continued consolidation of big companies becoming even bigger, while small companies continue to decline. In not too long, the world will be run by a handfull of multinational corporations. (as first seen in Rollerball, 1975 no less)

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honeybooApr. 26, 13 1:46 PM

The device sector is dead under Obama's FDA. Tongue depressors for the Chinese market are all that's left to pursue in this environment.

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member11Apr. 26, 13 2:52 PM

This may explain why Orono resident and venture capital firm managing director Scott Honour wants to run for governor. Looks like his revenue stream at the firm was drying up so what the heck, why not run for office? Good luck with that, people have wised up to people like Honour and Romney's tactics and know better than to hand them the reins.

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