In The News
A Capital Idea
Prairie Business Magazine - October, 2008 Entrepreneurs and expanding business operations are still finding a source of funds, in some cases from unusual sources like the student-run Dakota Venture Group on campus at the University of North Dakota’s Center for Innovation. Initiated and funded by North Dakota natives Bart and Lynn Holaday, the Dakota Venture Group completes all due diligence, makes the final investment decision, and negotiates term structures for investment deals.
Holaday also works with RAIN Source Capital of St. Paul, MN in angel funds that have helped round up angel investors in Grand Forks, Fargo, and Bismarck. Working weekends and evenings, student members of the venture group have earmarked 50 percent of the $300,000 fund for student-run businesses. Part of their mentoring comes from Bruce Gjovig, founding director of the Center for Innovation. |
