When we talked to Tadd Tobkin of Arthur Ventures for the story published Monday about the Fargo, N.D.-based venture capital firm, Tobkin was so generous with his insights that we couldn't squeeze everything into one post.

So, we've compiled a collection of noteworthy excerpts from our interview with Tobkin that didn't quite make the cut for Monday's story. Included in the video are Tobkin's take on what he looks for in potential portfolio companies, why Arthur Ventures takes such a hands-on approach to venture capital and what it will take to get successful Midwestern entrepreneurs to consistently reinvest in local startups.

Tobkin's answer to that last question — simply put: it takes courage — was the most striking. "I think it’s courage on a lot of fronts," he said. "You know, it’s courage on the high net worth individual to, instead of sending their money to the coasts, peel off a piece of that and (put) it home, locally and give entrepreneurs in their region … the chance to do what they did."

But you don't have to take my word for it. It's all right there in the video interview. So, without further ado, we give you Tobkin's takes. And, in case you missed it, check out our original story on Arthur Ventures — "Arthur Ventures looks to provide capital lift to local innovation"