maavc Conference


Midwest Association of Angel and Venture Capital

 May 11, 2005 - Bloomington

Hosted* by

Cong. Mark Kennedy

Cong. Gil Gutknecht

and


2005 Conference Speaker Profiles
Sheraton Bloomington Hotel

Speakers (To Date)
Lane Brostrom, Co-Founder & Managing Director, TechStar (WI).  TechStar is a corporate formation and private equity organization associated with five academic research institutions in Southeast Wisconsin.  TechStar begins year 4 in 2005 – to date, 14 companies have been launched and over $20 million raised.  Lane has been active in the private equity and venture capital industry since 1997, having served as a general partner in the venture capital and incubation group with Rare Medium and as an associate with Crescendo Ventures.  Prior to his work in private equity, Lane spent 5 years as a systems engineer for Hughes building commercial communication satellites and working in a corporate technology transfer group there.  Lane was a Fulbright Scholar in Germany, has a PhD in Physics from Utah State University and an MBA from UCLA’s Anderson School.  He currently serves on the Board of Directors for TechStar Holdings, Prodesse, Neurognostics, Cytometix, and NovaScan.
  John Dinusson, Director, Initiative Ventures (MN) began his business career in operations and then grew into the position of Director at Blumberg Capital. (www.blumbergcapital.com) As the firm morphed from an advisory firm with a strong focus on early-stage IT companies into a classic venture capital firm, John continued to be chiefly responsible for working with the portfolio of clients. This work involved creating early stage beta partnerships, generating additional revenue though alliances and continuing to grow the companies though further strategic relationships including outside investment.
Ron Eibenstiener, Chairman, Wyncrest Capital & MN-GOP (MN) is one of Minnesota's most renowned and respected angel investors as well as Chairman of the MN Republican Party.  He is either a current or past board member of Stellent, OneLink Communicaitons, Diametrics, OnHealth Network, BigCharts (sold to CBS MarketWatch), Prodea Software and Arden Medical Systems.  His public policy interests include the Center for the American Experiment (director) and KidsFirst Scholarship Fund (Chairman).
Bruce Gjovig, Director, UND Center for Innovation (ND) founded the University of North Dakota Center for Innovation and Business Development in 1984. Since then, Gjovig has become known as a champion for innovators, entrepreneurs, small manufacturers and seed capital causes in the Upper Great Plains. Since it’s inception, the Center for Innovation has assisted over 300 business start-ups or product introductions. The Center has received national attention for its manufacturing start-up programs and its success in technology commercialization, especially in rural areas. In 1992, Gjovig helped secure funding for the Rural Technology Incubator, the first University-based business incubator in the region. He has been involved in founding the Angel Capital Electronic Network, the 3M Patent & Trademark Depository Library, the North Dakota Inventors Congress, and the North Dakota Entrepreneur Hall of Fame and Business Innovator of the Year Award. Gjovig, a Crosby, ND native, holds two degrees from the University of North Dakota.
Michael Haider, CEO, BioE (MN) joined BioE in October 1998, as Chief Financial Officer and Director and has served as President and Chief Executive Officer since April 2001. BioE is a biotechnology company that develops antibody-based technologies that can be used to create a variety of leading-edge therapuetic and diagnostic products.  BioE's primary technology platform is its PrepaCyte® Cell Processing System, which can be used to separate and recover therapeutically important cells from adult blood sources - such as umbilical cord blood, circulating peripheral blood or bone marrow.  The most advanced product dervied from this platform is PrepaCyte-CB for the collection of stem cells and T-cells from ubmilical cord blood.
Lorrie Keating Heinemann, Secretary of the Wisconsin Department of Financial Institutions (WI) since her appointment from Governor Jim Doyle in 2003.  In her capacity as DFI Secretary, Heinemann is responsible for coordinating the state regulation, licensing and enforcement activities for over 100,000 financial service providers who do business in Wisconsin. This includes 232 state-chartered banks; 1,300 mortgage bankers/brokers; 11,000 loan originators; 298 credit unions; 87,000 securities representatives; and a myriad of other licensed financial service providers. In addition to these duties, Heinemann has also been given the responsibility for the administration of the state's corporate filing activity, the Uniform Commercial Code lien filing activity, and serves as the Administrator of the Wisconsin Consumer Act (WCA).  Heinemann has her Bachelor's Degree in Business Administration from the University of Wisconsin-Eau Claire, and her Masters of Business Administration (MBA) from UW-Oshkosh. She also is a Series 7 Securities Representative, a Series 24 Principal, and Certified Cash Manager (CCM).  Before joining the Doyle administration, Heinemann served as the Senior Investment Advisor for Virchow Krause Wealth Management's Fox Valley Region. Virchow Krause LLP is the 13th largest accounting firm in the United States and is based out of Madison, WI.
Harlan Jacobs, President, Genesis Business Centers (MN) is the founder and president of Genesis Business Centers, Ltd., a diversified high tech, for-profit incubator program. Mr. Jacobs is a seasoned CFO with over 20 years experience. In 1993 he founded one of the most progressive high-tech business incubator programs in Minnesota, if not in the U.S., by offering to barter rent and "Acting CFO" services for a negotiated equity position in its incubatee companies.
Brian Johnson, COO & Investment Manager, Minnesota Investment Network (MN) joined the firm in July 2004 and has 20 years of successful venture capital investing experience concentrating on Technology and Healthcare companies.  He has served as General Partner or Principal for Pathfinder Venture Capital Funds, ArrowHead Capital Management, Capstone Ventures SBIC, and FBS Venture Capital Funds.  He has served on the board of directors of 17 high technology companies.
Tim Keane, Manager, Golden Angels Network (WI) founded the Golden Angels Network in October 2002 in the College of Business Administration at Marquette University. The Golden Angel Network was established to provide early-stage companies access to capital and to the resources that were available throughout the entire university.  Tim has been teaching MBA courses in new venture formation and venture growth at Marquette since 2001.  He is responsible for overseeing deal flow.
Steve Kelley (DFL), Majority Whip, State Senate (MN) is author of many important bills relating to technology and equity investing in Minnesota.
Matt Noah, Conference Chairman.  Matt started NetSuds after leaving ADC in Minnetonka, Minnesota where he worked in Business Development and the Office of Technology until March 2000. Prior to ADC, Matt held engineering positions at Telogy Networks, ACT Networks, AT&T Bell Labs, ITT and Rockwell. He holds a BS degree in Electrical Engineering from North Dakota State University and a MS degree in EE from Stanford University where he graduated in 1981. 
John Risdall, CEO+Angel, Risdall Advertising (MN) has been an active angel investor for many years.  Since 1972, he has been Chairman & CEO of Risdall Advertising serving 300+ clients in 14 countries with billings in excess of $110M in 2004.  In 1995, he created RAA Interactive, now the leading web design firm in Minnesota.  He also serves as chairman of RAA Business Incubator, the largest incubator in Minnesota.

Jeff Stamp, Assistant Professor and Chair of Innovation and Entrepreneurship, University of North Dakota (ND)You will recognize Dr. Stamp by the products he has created while in corporate life. He was the inventor, creator, and brand manager of “Baked Lays”, for PepsiCo’s snack division Frito-Lay, which achieved $230 Million in 1st year sales and was named by Ernst and Young as the top brand introduction in the 90’s for the food sector.  After his corporate life he built his own successful business, as a master brand innovator in both consumer goods and technology arenas, by served for 6 years as the Chief Trained Brain & Vice President of Technology for Richard Saunders International’s Eureka! Ranch, a top new product and service creativity think tank.  In recognition of their original R&D efforts, Jeff and his team were awarded the George Land World-Class Innovator Award from the Innovation Network and Fast Company Magazine. Products created by the Eureka! Ranch appear markets worldwide.  Dr. Stamp is also highly sought as a speaker, giving on average 45 keynotes nationwide each year. In 2003, he launched with his colleague Doug Hall, their 3rd book “Meaningful Marketing.”  Dr. Stamp has just returned from spending a year living in India to become the Chair in Innovation and Entrepreneurship at the University of North Dakota, bringing him back in the area to his native home of Minnesota to help ignite and train the next generation of successful entrepreneurs.

Peter Zaballos, VP, Frazier Technology Ventures (WI) currently serves as a board observer at Control4. Previously Peter served as Senior Director of Marketing at RealNetworks, a $200M Seattle-based company that pioneered the deliver of digital audio and video over the Internet.  Peter was VP of Marketing at Vivo Software, a pioneer and leader of streaming video technology. Before Vivo, Peter held key executive roles at FTP Software, C-Cube Microsystems, and LSI Logic.
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 * All Registration Payments are Final and Non-refundable.  NetSuds makes every effort to ensure that listed speakers and program will occur as presented.  There are circumstances where speakers may not be able to participate as planned.  In that case, NetSuds will make efforts to replace listed speakers.  Cong. Kennedy and Cong. Gutknecht are co-hosts.  The dictates of their offices may preclude them from speaking at the Conference given the Congressional calendar.