Austin Steffen

Austin Steffen

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location of Austin SteffenGreater Grand Forks Area

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  • Timeline

  • About me

    UND Graduate Student | Student VC Fund alumnus | Entrepreneur

  • Education

    • Larimore High School

      2013 - 2019
      High School Diploma 7-12
    • University of North Dakota

      2019 - 2023
      Finance
    • University of North Dakota

      2024 -
      Master of Business Administration - MBA
  • Experience

    • Scheels

      Nov 2019 - May 2023
      • Sports Specialist

        Mar 2021 - May 2023
      • Customer Service Representative

        Nov 2019 - Mar 2021
    • Dakota Venture Group

      Feb 2020 - Nov 2023

      -Successfully raised private equity through accredited investors-Form and oversee the closing of the firm’s first for-profit fund to generate returns to LPs-Perform Due Diligence of potential investments-Observing Board Seat of Edgewood Real Estate Investment Trust-Center for Innovation board representative -Provide assistance and feedback to accelerators in company pitch practices -Assist the creation of our new for-profit fund’s pitch deck -Oversight of investor relations-Perform company valuations-Teach associates how to pitch a fund to new potential investors -Keep our advisory board up to date-Coordinate and direct advisory board meetings-Speak to our University’s Alumni Association and Foundation while assisting the raise of the University’s fund-Be of service to students in a College of Business business plan competition -Organizer of reunion for eighty individuals including advisors, investors, alumni, and special guests-Promoting small local businesses through free advertisement and exposure to many potential clients-Organize and run meetings for associates and managing directors-Assist in the content creation for a newsletter Show less -Establish, develop, and maintain relationships with other universities, VC funds, accredited investors, advisors, CEO's, and management teams. -Manage, develop, and motivate twenty five managing associates.-Brainstorm and apply ideas to further increase learning development of managing associates.-Conducting managing associate interviews.-Mentoring new managing associates.-Assist chairman with all business development decisions.-Oversight of the development of a fifteen year alumni reunion.-Formed budget for reunion.-Alumni relations-Oversight of marketing committee.-Directed teams in building relationships with potential investors.-Oversight of the fund's social media appearance.-Observing board member of Edgewood REIT Show less -Leadership role and managing associate to the first fully student-run venture capital fund in the country. -Contained $1.4 million invested in various startups from biotech to food services.-Participated in meetings with board members, CEO's and Investors.-Performed detailed analysis on targeted markets for new products.-Coordinated with cross functional teams to better valuation processes.-Performed research on new products and derivatives of products entering the market. -Actively listened to others input on startups.-Screened companies to determine if they were eligible for due diligence.-Presented recommendations to managing directors. Show less

      • Chairman Emeritus

        Jan 2023 - Nov 2023
      • Chairman at Dakota Venture Group

        Aug 2021 - Jan 2023
      • Managing Director of Marketing

        Jan 2021 - Aug 2021
      • Managing Associate

        Feb 2020 - Jan 2021
    • Valley Homes Contracting LLC

      Oct 2021 - now
      Founder

      -Running operations of Valley Homes Contracting LLC-Source and bid residential and commercial projects -Projecting company financials-Successfully retaining a skilled partner specialized in the industry-Create operational, partnership, and contract agreements-Establish and maintain relationships with potential and existing clients-Report taxes -Oversee payroll-Project management -Manage subcontractors

    • University of North Dakota

      Nov 2022 - May 2023
      • Budget Restructure and Reallocation Committee

        Nov 2022 - May 2023
      • Senate Legislative Affairs Committee Member

        Nov 2022 - May 2023
  • Licenses & Certifications

    • Venture Capital Qualified Industry Professional

      QUIP Institute
      Aug 2022