Posts tagged as:

texas emerging technology fund

Billion dollar biotech venture fund for Minnesota

February 25, 2009

The Minneapolis Star Tribune reported yesterday that Steven Burrill, a California venture capitalist, is close to raising a $1 billion venture fund to promote biotechnology startups in Minnesota. Burrill is also building a biotech research park near the Mayo Clinic in Rochester.
This is huge news for Minnesota, especially in this time of dried up biotech [...]

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The balance sheet should … balance?

February 12, 2009

Here’s a quick rant.
One of the most common and inexcusable errors we see on Texas Emerging Technology Fund applications is an unbalanced balance sheet. Assets are always equal to liabilities plus equity. Always. It’s also inexcusable to have items that don’t add up on income statements or statements of cash flow. This is basic accounting, and [...]

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