Folks are rolling in for this morning's Angel Tax Credit Panel #AngelMN at the ADC Auditorium in Eden Prairie. Panel starts at 8:00 am.
RT @JeromeHarrison: If you're an #entrepreneur in #MN follow #AngelMN this morning from 8-9:30 to learn more about the Angel Tax Credit
Great mix of entrepreneurs, investors and politicians at ADC this morning for #AngelMN
Liveblogging MHTA Tax Credit panel {test}
#in at the @mhta event at the ADC auditorium in Eden Prairie for a discussion on the #angelmn tax credit #startup
Kate Rubin, President of the Minnesota High Tech Association gives a welcome introduction
People are flooding the ADC Auditorium as MHTA President Kate Rubin opens. Nice to see tech entrepreneurs @pshah88,cc @jostheim, @footenotes, @tyolson & @juporter from U of M OTC #angelmn.
Steven Crouch, Dean of U of M Institute of Technology gives an introduction
Representative Kathy Saltzman: "There was such hopefulness to be able to work on this legislation, because it really is about Minnesota's future..."
a couple hundred people at #angelmn this morning.
Tim Mahony:
www.house.leg.state.mn.us & Kathy Saltzman:
www.senate.leg.state.mn.us discussing the experience and meaning from the legislative perspective. "We just raised money for you...use it!" - Rep. Mahony
RT @
kathysaltzman Starting the day welcoming 230+ to @
MHTA's Angel Tax Panel. Love the energy generated by these angel credits. #AngelMN
Joy Lindsay (StarTec), Jay Hare (PWC), Dan Mallin (MNCUP), John Alexander(TC Angels), Dan McElroy (DEED) introductions.
Joy Lindsay: "Nationwide, In 2009, Angel represented $17.6 billion in investment - venture capital represented $17.7 billion....
angels invested $17.6b in 2009. VC's invested in $17.7b in 2009
angels invested $17.6b in 2009. VC's invested in $17.7b in 2009 #angelmn
Lindsay: "VCs are becoming less and less risk tolerant and waiting for companies to become more mature... "
Angels are responsible for nearly 50% of early stage/seed investing. Wisconsin saw a 40%+ increase in early stage investment when their version of the Angel Tax Credit cleared.
#angelmn 2009 $17.6B venture capital for 2075 companies, where angel investment was $17.6B for 57,000 co.
#AngelMN tax credit is refundable, but not referrable
Maximum credit for individual $125,000 per year, allocation $11M 2010, $12M in 2011 - over life of program $58.9 million in credits
#angelmn angel investors make up 35-40% of all seed capital for start ups.
At the angel tax credit panel discussion and see lots of new faces #mhta #angelmn
Minimum qualifying investment for individual is $10,000
Funds must have a minimum of 3 qualifying investors, organized as a pass through entity
#Angelmn qualifying businesses must have minimum of 51% of employees and 51% of payroll in #MN
Complete text of bill can be found at
www.revisor.mn.gov ; must be organized as pass through entity. Entrepreneur & Investor apps should be available on DEED website by 8/1
At #mhta event on angel tax credits this morning, great panel and an important subject for MN investors and entrepreneurs
Angel Tax Credit applies to both individual angel investors and to qualifying businesses that invest #mhta #mnangel
a lot of exclusions in MN angel tax credit #angelmn
Attending the Angel Tax Credit Panel Discussion this morning. Full house! #angelmn #mhta
Individual investors, funds and businesses must file annual reports with DEED #AngelMN
RT @lboyd1010 #angelmn angel investors make up 35-40% of all seed capital for start ups.
Record was set last year for number of new businesses #MN - 61,000 + new entities were filed last year
#MHTA Angel Credit session; Liveblog:
bit.ly - follow along. #AngelMN
Angel Tax Credit live blog at
bit.ly #angelmn
#angelmn record year for new entity creation for state of MN - 61,000
www.positivelyminnesota.com/angelcredit will have comprehensive #AngelMN program information, implementation progress reports, credit allocation forms, annual report forms, certification application forms, etc
#angelmn 60-80% of new jobs in MN come from small businesesses
RT @graemethickins: Dan McElroy says certification info for angel tax credit to be posted on DEED site Aug 1 #mhta
yfrog.com
