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1.0 Minnesota Business and Technology Forums The Minnesota Business and Technology Forums are useful for many purposes. In order to view and post information on the web forums, you need to register by creating an account. There are many reasons to create a free account. In order to fully participate as a "NetSudser" in the Minnesota hightech community, you should create an account and use it to full advantage. The Minnesota Business and Technology Forums - http://www.masvf.com/forums/index.php Upcoming Events - http://www.masvf.com/forums/forumdisplay.php?f=4 HighTech Companies - http://www.masvf.com/forums/forumdisplay.php?f=17 People On The Move - http://www.masvf.com/forums/forumdisplay.php?f=12 Press Releases - http://www.masvf.com/forums/forumdisplay.php?f=13 Why email only to your small email list of associates when you can post this information on Minnesota Business and Technology Forums and have access to 5500+ NetSudsers. 2.0 Jobs in the "com and .com" Market Click on http://www.masvf.com/forums/forumdisplay.php?f=28 for a list of available HighTech Jobs in Minnesota that have been posted at the Minnesota Business & Technology Forums. We encourage you to post available jobs for hightech professionals in Minnesota. You must identify which company you represent. If your company is already listed, please do not create a duplicate thread. Instead, post to the same thread. If you are a recruiter, you must identify yourself as such.
3.0 Calendar of Events The calendar for hightech and medtech events in Minnesota is scattered all over in print, email and online publications. Up until now, there has been no single definitive calendar. NetSuds and MedSuds has created the first and only online calendar for all hightech, medtech, biotech and life science events in Minnesota. Calendar of Events - http://www.masvf.com/forums/calendar.php? You can use the online calendar to post your organization's events. We will even allow the posting of events which compete with NetSuds and MedSuds events. The calendars are free to use for both tracking events and for posting your own events. Non-Minnesota companies conducting events in Minnesota will not be allowed to post events for free, even if they are teaming up with a Minnesota company. Non-Minnesota companies or organizations should contact matt@netsuds.com to discuss the fees associated with posting such events.
4.0 Tidbits
Visiting
http://www.masvf.com/forums/index.php
allows one to visit the Minnesota Business and Technology Forums and observe
what is available. However, in order to become a member of the community,
one must register. Registration is simple and has several advantages.
First, you can search for other members in the community using names, IDs and
keywords related to industries. Second, you can identify yourself to the
community through the use of keywords and interests. Third, you can
subscribe to certain "threads" and receive email when these threads experience
activity. You may also unsubscribe from any thread at any time.
Fourth, you can post to the Forums. This is extremely powerful.
Members can post their opinions, information and engage in online discussions.
Jobs can be posted. Events can be posted.
NetSuds encourages members to choose
usernames which readily identify one's self to the community. For example,
the username "johnsmith" identifies the member as John Smith (or at least we
hope!). Use of IDs to hide one's identity is not encouraged in these
Forums. Remember, this is a professional Web Forum and not some
adolescent, rumor-spreading chatroom. Even after you register you can alter your user profile in the "CP" section
along the top of the Forum webpage. 4.2 Wisconsin Angel Network Wisconsin Angel Network’s
website goes “live” with resource page for angel investors MADISON -- The Wisconsin Angel
Network (WAN) has launched its website,
www.wisconsinangelnetwork.com, with the introduction of a resource
page for angel investors. The page offers links to
various sources of information specific to early-stage investing, including
starting an angel network, network best practices, investment trends, seed-stage
research, angel tax credits and news sources. This is the first step in the
creation of a web-portal for the angel investor community, including a deal flow
pipeline that will funnel entrepreneurial deals to investors. The pipeline will
be operational and populated with business plan executive summaries on June 1,
in time for the June 7-8 Wisconsin Entrepreneurs’ Conference in Milwaukee. The mission of WAN is to build
angel network capital capacity throughout Wisconsin in order to increase the
number and amount of seed-stage equity investments in Wisconsin companies. Angel
investing nationally was estimated at $18.1 billion in 2003, nearly as much as
was invested by venture capital firms ($18.3 billion). However, a far larger
percentage of angel investments are targeted at early-stage firms. WAN is a project of the
Wisconsin Technology Council, the non-profit science and technology advisers to
the Governor and the Legislature, with initial funding provided by the
Department of Commerce, Department of Financial Institutions and the SBC
Foundation. For more information, contact
Joe Kremer, Director of the Wisconsin Angel Network at (608) 442-7557 or
jkremer@wisconsinangelnetwork.com.
4.3 Vonage
Victorious in Port Blocking Case
Last month, the Enforcement Bureau issued a Letter
of Inquiry (“LOI”) to Madison River Communication, LLC initiating an
investigation about allegations that Madison River was blocking ports used for
VoIP applications, thereby affecting customers’ ability to use VoIP through one
or more VoIP service providers. The ruling concluded that
Madison River is required to make a voluntary payment to the United States
Treasury in the amount of fifteen thousand dollars ($15,000.00). In order to
resolve and terminate the Investigation, the Bureau also requires that Madison
River shall not block ports used for VoIP applications or otherwise prevent
customers from using VoIP
applications.
The Enforcement Bureau of the
Federal Communications Commission reached a $15,000 consent decree today with
Madison River Communication, LLC that will ensure uninterrupted Internet voice
service on the company’s network. “We saw a problem, and we
acted swiftly to ensure that Internet voice service remains a viable option for
consumers,” said FCC Chairman Michael K. Powell. According to the terms of the
consent decree, Madison River commits that it will refrain from blocking VOIP
traffic and ensure that such blocking will not recur. The company will pay a
contribution of $15,000 to the United States Treasury to settle this matter. “The industry must
adhere to certain consumer protection norms if the Internet is to remain an open
platform for innovation” said Powell. Powell has laid out his vision
of “Internet Freedom”, a series of principles by which any company that
intentionally breaks a consumer’s connection to the Internet violates the
openness that consumers have come to expect. “In my view, the
surest way to preserve ‘Net Freedom’ is to handle these issues in an enforcement
context where hypothetical worriers give way to concrete facts and—as we have
shown today—real solutions,” said Powell.
4.4 Opinion: As Digital Imaging Evolves,
So Does Photoshop Adobe adapts its industry-leading application to keep step with advances in
file formats, photography and page design. Andreas Pfeiffer of Publish.com
has more.
4.5 News:
Data Thefts Reveal Storage Flaws Recent high-profile thefts of sensitive
data have enterprise IT executives looking hard at the relationships among
storage, backup and security, even as vendors prepare new ways to lock down
stored information. Here are some options for protecting your data. Protecting Data http://ct.enews.eweek.com/rd/cts?d=186-1731-2-79-101270-194967-0-0-0-1
4.6
Review: Google Desktop Is in a Class by Itself The just-released
Google Desktop has improved security features, is a lot more open-source
program friendly and boasts time-saving search features. Read this review. Search Delves into the Desktop http://ct.enews.eweek.com/rd/cts?d=186-1739-2-79-101270-195753-0-0-0-14.7 IP PBX Revenues Up 72 Percent
Of course, installed base is still very much TDM. But growth is definitely
in IP.
4.8
News: Health Tech Advance Can Lead to Errors
Computerized systems that reduce certain medication errors increase the risk
of others, concludes a study published Wednesday in the Journal of the
American Medical Association. Find out why.
http://ct.enews.eweek.com/rd/cts?d=186-1744-2-79-101270-196356-0-0-0-1 4.9 Opinion: Firefox Is Heading
Towards Trouble Linux and Open Source Editor Steven J. Vaughan-Nichols
thinks Firefox is the best browser on the planet, but it's not going to stay
that way long unless the team behind it gets their act together sooner
rather than later. 4.10 Annotating the planet with Google Maps
Open, XML-based design makes it a service factory for the
geospatial Web
My previous column on Google Maps provoked an unusually strong response. First up was Wil Rivers, who pointed out that Telcontar’s Drill Down Server is the engine that does the heavy lifting on the back end. Next was a series of gripes about data quality and completeness.“The map location came right up, but the address was off by a half mile,” one reader said. “Wake me up when it covers the scope of MapQuest and MultiMap -- i.e., this planet and not just one country,” said another. “There was a road that doesn’t really exist,” yet another said. “If the database is this out of whack with reality, it’s not going to be very useful.” Before I could respond to these points, all of which are completely valid, Craig Thrall sent me the bombshell that blew up my schedule for the next 24 hours. “A friend of mine figured out how to download Google directions into his GPS,” Craig wrote, “and also use the Google Maps front end to display his GPS.” The friend is Matt King, and his proof of concept is a JavaScript bookmarklet that uses Google Maps to display a walking tour of Beverly Hills, with waypoints labeled and linked to photos. If you try it, be sure to check out the black-and-white bunny sitting on the tree lawn of N. Rodeo Drive between Park and Carmelita.I always knew there would come a moment when I had to have a GPS receiver. This was it. My first thought was to use my LG VX4400 cellphone, which has a built-in GPS chip. Although Roger Binns has open-sourced every other aspect of that phone with BitPim, I’ve yet to find a way to display and remember GPS waypoints. So while I’m not normally an impulse gadget buyer, I picked up a Garmin Geko 101 and went for a walk.When I finished making the interactive version of my neighborhood tour, along with a screencast, it was clear that Google Maps is every bit as revolutionary as my first instincts told me. Not because Google invented a new geospatial engine or compiled better data. They didn’t. But simply -- and yet profoundly -- because Google Maps is a framework we can all use to annotate the physical world.In the very near future, billions of people will be roaming the planet with GPS devices. Clouds of network connectivity are forming over our major cities and will inevitably coalesce. The geoaware Web isn’t a product we buy; it’s an environment we colonize. There will always be markets for proprietary data. But the real action will be in empowering people to create their own services, with their own data, for their friends, family, and business associates. Google Maps isn’t just a service, it’s a service factory. Radical openness is the key. It’s been only two weeks since it launched and already the colonization has begun. Thanks to open XML data formats and open Web programming interfaces, people have figured out how to animate routes, create custom routes with their own GPS data, and display GPS data in real time. Microsoft could have enabled these same kinds of things years ago. Its TerraServer has been up and running since 1998. But despite Steve Ballmer’s infamous monkey-dance chant, developers haven’t flocked to TerraServer. What’s Google’s secret? Web DNA and no Windows tax. 4.11 2005 MN VC Conference - May 9-10
Once a year,
NetSuds and
MedSuds
hosts the Minnesota Venture Capital Conference. This year, we've added
a seed stage conference entitled the Midwest Association of Seed & Venture
Funds Conference. These conferences can be found on the web
at
www.mnvcc.com and
www.masvfc.com. Registrations for both
conferences are strong. The list of investors for the VC
Conference can be found at
www.mnvcc.com/agenda/investorprofiles/2005.htm.
The agendas are filling. 5.0 Sales and Marketing Strategies for Era 3: How to Leverage Value to Win-And Keep-Profitable Customers by NetSudser Jeff Thull, CEO, Prime Resource Group, support@primeresource.com, 1.800.876.0378 Winning Strategies to Succeed in Complex Sales So, you’re playing in the big leagues now. You are involved in high-stakes, high-return, multi-faceted sales, but has something changed? Are you finding that the skills that won sales for you in the past just aren’t working as effectively today?
If you sell business-to-business or business-to-government, chances are your transactions involve long sales cycles and require multiple decisions from multiple people at multiple levels of power and influence. The days of presenting and closing simple, specified solutions to buyers making simple, low-risk business decisions are over. You have to juggle conflicting perspectives from a variety of people in several different companies, including yours, that may even cross national and cultural borders. You have made it to the high stakes world of the complex sale, and you are going to have to ratchet up your skills and disciplines if you are going to compete and succeed.
When salespeople use a conventional sales process in a complex situation, they are like major league pitchers hurling 90 mile-per-hour fastballs at batters who may be at the plate for the very first time. What are the chances that such batters will connect? In a complex sales situation, customers don’t get up to bat that often. Yet, salespeople continue to pitch reams of solution data at customers, leaving them alone to try to comprehend, sort and connect all of that information to their world, on their own. A salesperson wants the customer to connect. But if he keeps hurling those fastballs, the customer is going to just keep striking out. And a strikeout for the customer is a strikeout for the sales team.
What is required is a systematic approach to turning complex sales solutions into winning proposals. A system called Diagnostic Business Development®—that is based on over 20 years of observing top-notch sales professionals bringing in the high-stakes sales.
Diagnostic Business Development is a meta-process that can be overlaid on any complex sale. It provides a navigable path from the first step of identifying potential customers, through the sale itself and on to expanding and retaining profitable customer relationships. It is a reengineering of the conventional sales process and it directly addresses the challenges that salespeople face while trying to master complex sales in today’s marketplace.
The Diagnostic Business Development process encompasses four phases: Discover, Diagnose, Design and Deliver: Discover. Every sale starts at the same place—identifying the customer. If you are going after the complex sale, the Discover phase is your opportunity to set the stage for a compelling engagement and a continuing relationship based on trust and respect. You push beyond the traditional boundaries of prospecting to create a solid foundation on which to build a long-term, profitable relationship. It is at this stage that the customer and the salesperson mutually decide whether the engagement should continue. Diagnose. Unlike conventional selling, where the sale is made at the “close” and the needs analysis is more of a smokescreen for positioning your solution, the Diagnose phase is where the customer will make the decision whether to change/buy, and from whom. In the complex sale, the decision is more about should we change (the problem or lack of opportunity) than what should we buy (the solution). Diagnosis is meant to maximize the customer’s objective awareness of her dissatisfaction, whether or not that dissatisfaction supports the salesperson’s offerings. The salesperson assists the customer in understanding her situation and, as a result, reinforces his credibility by refusing to alter the customer’s reality to fit his needs. Design. Design is where the sales professional helps the customer create and understand the solution. It is a collaborative and highly interactive effort to help the customer sort through her expectations and alternatives to arrive at the optimal solution. Solutions are addressed by introducing and exploring alternatives, including solutions offered by competitors. The goal is to create a solution framework that best solves the customer’s problems and manages her expectations. At the conclusion of this phase, a “Discussion Document” is created, which provides a pencil sketch of the solution. Deliver. By now, the customer has a clear understanding of their problem and knows what the best solution will look like. She is the co-author of that solution; there are no “objections.” This phase begins with the preparation and presentation of a formal proposal and the customer’s subsequent formal acceptance of the solution. Next come the implementation and support of the solution and the measurement and evaluation of results. Finally, the Deliver phase includes the maintenance and growth of the sales team’s relationship with the customer. Conventional selling simply doesn’t work in the complex sales environment. They must learn how to avoid common sales pitfalls such as becoming an unpaid consultant or engaging in never-ending dry runs, both instances where time is wasted and sales are never made. Most importantly sales professionals must learn how to make the transition from thinking like a salesperson to thinking like a businessperson.
The often ignored reality is that customers need outside expertise to help them understand the problems they face, and in designing the optimal solutions to those problems and in implementing those solutions. It is up to you to provide the expertise and guidance your customers need. See yourself as a project manager that guides your customer through a quality decision process. That is one of the secrets to succeeding at the complex sale. That is how to hit a home run for you and the customer. About The Author: Jeff Thull (tool), the President and CEO of Prime Resource Group, a strategy and performance-consulting firm, has gained the reputation for being an expert in the arena of sales and marketing strategies for companies involved in complex sales. Thull’s 23 years of real world experience has made him a leading authority and valued advisor for executive teams of major companies worldwide. He has designed, tested and proven transforming programs and solutions for companies like Shell Global Solutions, 3M, Microsoft, Citicorp, IBM, and Georgia-Pacific, as well as many fast track, start-up companies. Thull is also a compelling, entertaining, and thought-provoking keynote speaker with a track record of over 2,500 speeches and seminars to blue chip companies and associations around the world. Additionally, as a leading strategist, Thull’s work is published in hundreds of business and trade publications, including: Chief Learning Officer, Harvard Management Update, Velocity Magazine (SAMA), Sales and Marketing Management Magazine, Selling Power, Sales and Service Excellence, One to One Magazine, Business to Business Marketing, MarketingProfs.com, CEO Refresher, VAR Business, Management Consulting News, and many more. For more information contact: Prime Resource Group, 3655 Plymouth Blvd, Suite 110, Plymouth, MN 55446, support@primeresource.com, http://www.primeresource.com, 1.800.876.0378 or 763.473.7529, Fax: 763.473.0792 6.0 Midwest Association of Seed & Venture Funds Conference - May 11 What it is The first ever MASVF Conference will take place in Bloomington, Minnesota on May 11. For those wringing their hands and complaining about the lack of seed capital, you can either be part of the problem or part of the solution. We have the solution. Learn how entrepreneur Michael Haider raised a $15M angel round. Find out what professionals in the neighboring states of Iowa, Wisconsin and North Dakota are doing to provide incentives to investors and entrepreneurs. Find out about the newly resurrected SBIR/STRR program in Minnesota. Who it is for This conference is for current angel investors, prospective angel investors, entrepreneurs, venture capitalists, economic development directors, legislators, academic innovators, university licensing and business development professionals, attorneys, accountants, PR professionals, marketing professionals, and anyone with an interest in seed and early stage capital. Register today at www.mnvcc.com/register/. The early-bird discount ends April 15.
7.0 Email Advertising The NetSuds and MedSuds email lists reach 8500+. The NetSuds email lists are double-opt-in and concentrated on professionals in the communications, IT and Internet markets. The MedSuds email lists are double-opt-in and concentrated on professionals in the medtech, biotech and life sciences markets. So, rather than spend your advertising dollars on any other email lists in the Twin Cities, consider the NetSuds and MedSuds lists. Contact matt@netsuds.com or 612.605.5252. For current ad rates, visit www.netsuds.com/adrates.htm. 8.0 NetSuds CEO Roundtable - Next Roundtables starting in June 2005 NetSuds is opening up another group of CEO Roundtables in June 2005. If you are tech or medtech CEO and want to join us, (the first session is free), contact matt@netsuds.com. A synopsis of the CEO Roundtable can be found at www.netsuds.com/ceo/ It is repeated here as well. NetSuds CEO Roundtable Membership Only CEOs of tech and medtech companies are allowed to join the NetSuds CEO Roundtable. If you are a VP, CxO or President, you are not welcome unless you also hold the CEO title. Perhaps we will start a CFO, CTO or COO Roundtable but until then, we are only interested in the top dog, the CEO. If you are interested in becoming a member, contact matt@netsuds.com. Membership is not automatic. There must be an available spot open in the roundtable. You must have employees. Your company must be incorporated. Your company must be a tech (communications, IT, software, Internet) or medtech (medtech, biotech, life sciences) company. You must pay a yearly fee of $1800 in advance. You may not send substitutes to the Roundtable. Roles Unlike the days of knights, kings and Camelot, there is no king of the NetSuds CEO Roundtable; only a facilitator; Matt Noah, CEO of NetSuds.com, Inc. Knights are replaced by CEOs and the table won't be quite round. Schedule The Roundtable will meet 10 times per calendar year on the last Tuesday of every month. Each meeting lasts 2.0 hours starting at 7 am. A facility convenient to the majority of Roundtable members is used. A continental breakfast is served.
Purpose CEOs need resources to assist them in executing their duties and leading their companies. Boards of Directors and upper management are not always the best or most independent resources upon which to draw. The CEO Roundtable exists to provide CEOs with an independent resource of wisdom and shared experience. Your key 'take-aways' from the Roundtable will be accelerated learning - so as to avoid common and uncommon pitfalls -, an expanded network of advisors and colleagues and tools to enhance the productivity and value of your enterprise. Content First, networking among the CEO members of a Roundtable is the best and richest content. Second, the Roundtable facilitator will schedule subject matter experts of interest to the CEOs. Examples include intellectual property, branding, sales, engineering, marketing, finance, compensation, human resources, M&A, etc. Format Meetings will consist primarily of 2 elements. First, "content" will be presented and discussed. Second, "discussion" of common problems and solutions will take place. The facilitator will lead both elements or assign elements to certain CEOs. Confidentiality Roundtable meetings are completely confidential. Nothing said in a roundtable discussion, short of illegal activity, leaves the meeting. This allows each CEO to feel comfortable discussing issues and subjects he may not feel comfortable speaking about with others. 9.0 Guest Writers for This Report If you are aware of others who would like to receive the NetSuds Report, ask
them to visit
http://www.netsuds.net/mail.htm
to subscribe or
unsubscribe. |
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