Comments on: Billion dollar biotech venture fund for Minnesota http://grandall.org/2009/02/25/billion-dollar-biotech-venture-fund-for-minnesota/ bridging science and business Thu, 14 Jan 2010 02:54:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Graham http://grandall.org/2009/02/25/billion-dollar-biotech-venture-fund-for-minnesota/comment-page-1/#comment-201 Graham Wed, 01 Apr 2009 14:26:28 +0000 http://grandall.org/?p=269#comment-201 Thanks for your comment, Andrew. The reason for my question is that VCs are notorious for limiting their investments to companies that are within 30 minutes of their house. Even if they want to invest in a company that's in another state, the company will have to move as a requirement of the financing. So raising a huge fund in another state is really unusual. I'm also asking the question from the point of view of a Houstonian, who wants to see greater biotech growth in his home town. We've got M.D. Anderson, an institution whose prominence equals that of Mayo, and we've got organizations who have been working for years to attract this kind of VC investment. So I'm curious how Minnesota was able to pull it off? Thanks for your comment, Andrew.

The reason for my question is that VCs are notorious for limiting their investments to companies that are within 30 minutes of their house. Even if they want to invest in a company that’s in another state, the company will have to move as a requirement of the financing. So raising a huge fund in another state is really unusual.

I’m also asking the question from the point of view of a Houstonian, who wants to see greater biotech growth in his home town. We’ve got M.D. Anderson, an institution whose prominence equals that of Mayo, and we’ve got organizations who have been working for years to attract this kind of VC investment. So I’m curious how Minnesota was able to pull it off?

]]> By: Andrew Morrow http://grandall.org/2009/02/25/billion-dollar-biotech-venture-fund-for-minnesota/comment-page-1/#comment-200 Andrew Morrow Wed, 01 Apr 2009 12:18:12 +0000 http://grandall.org/?p=269#comment-200 It's in Minnesota because of the proximity to Mayo. It’s in Minnesota because of the proximity to Mayo.

]]>