Minnesota Increases Number Of Fortune 500 Companies To 19


Fortune 500 by Revenue

The 64t annual (2018) Fortune 500 list came out today and Minnesota added 2 companies to the list with Securian Financial Group and Polaris Industries. This is good news and helps soften the bad news last week that Mosaic is moving their HQ’s to Florida.

So technically we will have 18 but as of this moment and according to the Fortune list we have 19. I’ll take it while we can.

Other *’s would be:

- We lost St Jude Medical as a HQ’s after being acquired by Abbott Laboratories

- Medtronic moved their HQ’s offshore

- Cargill would be around #25 if it were included. Why some private groups and cooperatives are not included… I do not know.

The heat map above is based on the revenue of each company.

Generally our companies moved down the list although Securian and Polaris made huge jumps to go on it.

Here is how the list breaks down in order with how many spots they moved and a link to their Fortune page:

5 (+1) UnitedHealth Group

39 (-1) Target

72 (0) Best Buy

96 (-3) CHS

97 (-3) 3M

122 (+3) U.S Bancorp

180 (-22) Supervalu

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MSP On Deck Podcast #18: Minneapolis Tech Events, Minnesota Funding News And Amazon Growing Minneapolis Office


MSP On Deck Startup and Tech Podcast

After a 2 month or so hiatus because of vacations (not mine), work schedules (sort of mine) and a freak spring blizzard during Minnebar… it was good to see Kathy, Casey and the mic’s again.

Which as we start the podcast we note that maybe we had accidentally been using Kathy’s internal mic, as we our podcast tech amateurs, but it turns out not to be the case. We had (and will have) 3 mic’s but could not get the adapter to work. We’re still working on the low volume of the recording.

Here is a photo of Kathy and Casey working on it and I love Kathy’s expression on this one:

MSP On Deck Startup and Tech Podcast

Anyway… to what we spoke about:

I gave an overview of Spring 2018 tech events including Tech Cities 2018, Minnebar and Enterprise Rising including LinkedIn data showing we had more tech pros migrate to Minneapolis and St Paul than away, the huge turnout for Minnebar and topics covered at Enterprise Rising.

We then had Casey dig deeper into his event as he had a mix local, regional and national investors, entrepreneurs and startup co founders. Casey also spoke about Cack Wilhelm and her presentation on how to invest a small amount of dollars not necessarily waiting until you are an accredited investor. I then brought up how Thompson Aderinkomi was running his previous startup on around $250 a month in tech overhead.

All of this was a reminder for me that our tech and business community puts on top notch events.

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A Bunch Of Thoughts… Minneapolis And Amazon HQ2


Amazon logo

NOTE: over the past months I had started writing a bunch of posts relating to Amazon HQ2 and did not finish any of them. Most of the time I was frustrated. I’ve clearly been vocal be it on the podcast or quotes in local news stories. All of those are linked below. As I edit this I know I ramble a bit and left some details out but these are the highlights of what I have been thinking about…

What do we do about HQ2

When news first broke about Amazon searching for a location to grow a 2nd HQ’s I became immediately interested. My thought was that this is a once in a career… maybe lifetime (so far for sure) opportunity to change the landscape of a community, city and region.

The first thought I had was there are three options the region had:

- Do nothing

- Be aggressive

- Sell your soul

Do nothing was not an option for me.

I was slightly more than “be aggressive” and not anywhere near “sell your soul”.

No way we let this opportunity to go by. The region needed to make a very strong bid, offer reasonable incentives and really go after this.

Restrained Bid

And then we read the now infamous quote from Governor Dayton saying the state would be giving a “restrained bid”.

I read that and was upset. I swore out loud.

Restrained??? Why bother.

We learned that Governor Dayton and then Minneapolis Mayor Betsy Hodges reached out to the CEO’s of Target and Best Buy. To do what… get their permission to do their job? Did our elected officials reach out to other companies years ago when Minneapolis gave Target tax breaks to build their new HQ’s in Downtown?

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MSP On Deck Podcast #17: Bind Funding, HelpSystems Acquisition, Recruiters Being Recruited And Ping.MN Debuts

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We start our 17th podcast episode with news of the Bind $60M Series A funding.

That’s not a round size I think anyone was expecting. Kathy walks us through her conversation with Tony Miller, CEO of Bind, and how they are trying to tackle many of the things that people do not like about health insurance including doing away with deductibles creating “on demand health insurance”. We went deeper into the Lemhi Ventures and UnitedHealth Group relationship.

Kathy and Casey nerd out on Minnesota startups that have been created out of the success of previous startups. They use the phrase “startup mafia”. They mention Definity Health and Imaginet. I suggest Net Perceptions engineers are in town but they have not created companies. Casey lists off a number of groups who have been started by former Definity Health leaders.

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Minnebar 13 Sessions I Am Attending

We are 4 weeks away from Minnebar 13 and I am already thinking about the day… what sessions I want to attend, old friends to see and new ones to make. And conversations to have.

It’s going to a busy day as I am doing my Managing Your IT Career v10 (Why do recruiters suck so bad?) and we may be doing an episode of the MSP On Deck podcast.

If you’re wondering what Minnebar is think of it as a day long tech, coding, venture capital, marketing and networking nerdfest. For many years now I have called Minnebar the Super Bowl of the Minneapolis and St Paul tech community. Truly, the one event that should not be missed.

A few photos from Minnebar 12:

Minnebar, Minnesota Tech Events Minnebar, Minnesota Tech Events Minnebar, Minnesota Tech Events Minnebar, Minnesota Tech Events Minnebar, Minnesota Tech Events Minnebar, Minnesota Tech Events

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MSP On Deck Podcast #16: Jenna Pederson Founder Of 612 Software Foundry, Mary Grove And Rise Of The Rest, Upsie Funding And Minnesota TechStars Connections

 

MSP On Deck Podcast, Minnesota Tech Podcast, Minneapolis Tech Podcast, Minnesota Startup Podcast, Minneapolis Startup Podcast

This episode we have a special guest… Jenna Pederson. You may have seen Jenna at Minnedemo (she’s a member of the Minnestar board), a Twin Cities Geekettes event (she helped start it), Hack the Gap (co founder), CoCo (long time member) or as the founder of 612 Software Foundry. She is a frequent speaker and strong supporter of the MN tech scene. By day Jenna is full stack developer and consultant and as worked with a number of groups including Pivot Interactives, Kidizen, and Kinetic Data.

You can find her by clicking:

Jenna Pederson | 612 Software Foundry | Twitter | LinkedIn

Casey Allen, Jenna Pederson, Kathy Grayson, Paul DeBettignies

We start with some really good news… Mary Grove who many in our area know through her work with Google for Entrepreneurs and Silicon North Stars is joining Revolution and Rise of the Rest and moving (back) to Minneapolis. This was started by Steve Case a few years ago to support and invest in companies not on the coasts including an ongoing tour that was in Minneapolis in 2014.

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MSP On Deck Podcast #15: Loup Ventures 1st Fund, Amazon HQ2 Top 20 Rant, CoCo Pitch Night And Fueled Collective And Non Minnesota VC’s Investing In MN Tech And Startups

 

MSP On Deck Podcast, Minnesota Tech Podcast, Minneapolis Tech Podcast, Minnesota Startup Podcast, Minneapolis Startup Podcast

We have an awkward beginning to this episode of MSP On Deck. Specifically… Casey and I, mostly me, could not get it together and focus. Kathy says, “OK, 3 seconds” and we’re supposed to be quiet so Casey can add the intro music before he publishes an episode. Except Casey and I, mostly me, could not accomplish this task.

I thought it was hilarious.

I was the only one to think so.

We start this episode talking about Loup Venture closing their first fund. What it means locally and nationally and what being a researched focused VC firm means.

A transition to Amazon HQ2 Top 20 and that Minneapolis/St Paul is not on the list. Which… is something I was hoping we would be on. I didn’t think we would be the home of HQ2 but I did say months ago and still do today that for perception sake we needed to be a “finalist”. As I mention on the podcast I really would like to see what the “restrained” bid looked like. We talk a bit about other finalists and cities in the Midwest. Thanks (again) to Kathy and Casey for tolerating… letting me ramble a bit.

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Minnesota Morning: CoCo Launches Fueled Collective, MinneDemo #28 Presenters And Minnesota IT Jobs

 

Prime Digital Academy, UX Bootcamp Graduates, phData, Sarah Schoolcraft, Mickeli Bedore, Minnesota Headhunter, Minnesota Recruiter A fun day last Friday… working at CoCo Downtown Minneapolis sourcing and recruiting DevOps Engineers and Python Developers. At one point I bumped into Mickeli Bedore of Bedore Business Group and had a chat about building sales teams, recruiting, podcasts and of course a mention or three about #LakeLife. I do wonder… which one of us logs more cell phone minutes?

I then saw Sarah Schoolcraft who is the new Employee Experience Advocate at phData. We caught up bit and I look forward to our future conversation about company cultures, hiring teams, onboarding and more.

I ended the day upstairs from CoCo where Prime Digital Academy is. It was graduation day for the UX cohort and it was fun to see them relaxed (for a moment) and meet their friends and families, If you are hiring a junior UX pro I gladly help you with introductions.

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Minnesota Morning: CoCo Pitch Night, Prime Digital Academy Graduates And Super Bowl “Help Wanted”


The Super Bowl is 6 days away and if you have been in Downtown Minneapolis you are fully aware of the impact. Last week with the snow storm and Super Bowl preparations parking became a pain and traffic patterns interrupted. Not a big deal as long as one plans ahead.

Areas near US Bank Stadium and Nicollet Mall were seeing final touches on venues Friday and I took a walk down the Nicollet Mall to get some photos.

Super Bowl In Minneapolis, Super Bowl LII

Good news is last weeks snow storm dropped a blanket of fresh snow. More good news it was warmer than average so workers doing prep work enjoyed warmer than average temperatures . The forecast for Super Bowl weekend will leave a number of people shivering. If you are from out of town and looking forward to winter… we have it.

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MSP On Deck Podcast #14: Andy Slavitt, Minnesota Venture Capital Firms And Are Developer Jobs The Best Jobs


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Here we go… MSP On Deck  Podcast #14

I learned a lot during this episode.

We started by talking about Andy Slavitt (@ASlavitt) who is new to me. For starters he has 189,000+ Twitter followers where his bio is:

Ran Medicare, Medicaid & ACA for President Obama. @usatoday, Columnist. Launching a health care initiative for the next decade in 2018.

It’s that last part which is why we were talking about him. Kathy wrote about it here (subscription)

High-profile Obamacare champion and Edina resident Andy Slavitt launching startup-investing firm

Casey drops a nugget, from back in the day, that the author of Android for Dummies was a dev from Minnesota. A second time in the episode I felt like I was horribly put of the loop.

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