This story appears in the
April 2000 issue of
Entrepreneur.
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You've heard of Garage.com and Idealab!-now there's
Entrenaut, a Minneapolis incubator and holding company whose goal
is to help new Internet companies get organized and launch in 90
days or less for $250,000 to $500,000.
The services provided through the incubator include office,
management and infrastructure-building help. Prospective business
owners do not need to locate their businesses in Minneapolis, but
must be willing to relocate for the time it takes to launch the
company.
The incubator's goal is to prepare firms to seek the next
level of funding, and Entrenaut requires payment for their services
in the form of a 2 to 60 percent ownership stake in the
company.
In addition to working with start-ups, they also will
resuscitate under-performing Web sites in the same time period and
will also make equity-only investments in companies.
Interested entrepreneurs should contact Paul Crawford at (612)
362-8411 or e-mail him at pc@cj.com.