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Intro to the Colorado Startup Scene 2015

Built In
Built In

The Colorado tech industry is burgeoning. This is a thorough overview of the Colorado startup ecosystem to get you familiarized in order to plan your next step.

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Intro to the Colorado Startup Scene
Where Colorado fits in in terms of startup cities
Intro to the Colorado Startup Scene 2015
Some stats on the
ecosystem
Funding was up 64% in 2014:
$758M in funding, 140 Cos founded,
36 exits
Total exist almost $11B
Funding was geographically split:
42.3% Boulder & 56% in Denver
Downtown Denver:
Most companies have 26-50
employees,
373 companies noted in 2014
view our 2015 Salary Guide here
Salary Ranges
Growth
Stage
Companies
Corporate
Divisions
Built In Colorado demographics
Digital
Agencies
Early Stage
Startups=
What is the community made of?
Ad

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Intro to the Colorado Startup Scene 2015

  • 1. Intro to the Colorado Startup Scene
  • 2. Where Colorado fits in in terms of startup cities
  • 4. Some stats on the ecosystem Funding was up 64% in 2014: $758M in funding, 140 Cos founded, 36 exits Total exist almost $11B Funding was geographically split: 42.3% Boulder & 56% in Denver Downtown Denver: Most companies have 26-50 employees, 373 companies noted in 2014
  • 5. view our 2015 Salary Guide here Salary Ranges
  • 6. Growth Stage Companies Corporate Divisions Built In Colorado demographics Digital Agencies Early Stage Startups= What is the community made of?
  • 7. What makes a strong startup ecosystem? Basic characteristics No, it’s not a ping pong table 1. Strong group of serial founders 2. Local capital that reinvests 3. Tons of events that span purpose & interest 4. Stellar universities/ education nearby 5. Educated, ambitious talent pool 6. Access to knowledgeable mentors 7. Successful companies that kick-off the tech community 8. Large scale tech cos nearby to support sys 9. Great environs 10.Strong sense of community
  • 8. eBags HOSTING Ping Identity- Acq Healthgrades Trueffect GNIP- Acq by Twitter HomeAdvisor ReadyTalk ViaWest – Acq $1.2B LogRhythm PaySimple Zayo- IPO & acq Latisys SendGrid iTriage Alchemy - acq by IBM Return Path SpotXchange - acq MercuryPay - $1.65B Datalogix - exit Welltok Rally Software - IPO & exit Craftsy Solidfire Quark (notable exit) Orbotix gogo IQNavigator (notable exit) The big guys & exits/IPOs & success stories Want more? Check out our data reports from the past 3 years
  • 9. Signpost Pax8 MobileDay kindara Zen Planner Swiftpage OrthoFi Choozle Pivotal Tracker GoSpotCheck Placeable GutCheck Ibotta* Roximity Convercent Simple Energy Welltok Cloud Elements VictorOps Rapt Media CommercialTribe RxRevu Alteryx Dev cos like startups: TapInfluence choozle Wowza Quick Left Pivotal Labs ShipCompliant Kapost JumpCloud Slice of Lime Commerce Kitchen Wayin MapQuest Pellucid SpireMedia TrackVia GoSpotCheck* rentbits thoughtbot Notable startups
  • 10. Where do you fit in? Finding a new job The definition of a startup is about as vague as defining art. Decide what fits your personality by exploring the ecosystem first. Here is how… • DO YOUR RESEARCH • DEFINE WHAT LEVEL OF RESPONSIBILITIES/ MANAGEMENT STYLES YOU WANT • MEET PEOPLE WHO HAVE A SIMILAR POSITION • MEET PEOPLE WHO WORK FOR THE CO • ASK QUESTIONS. • READ. • ASK QUESTIONS. Don’t forget: It’s relaxed, but still be professional Don’t get in a position that doesn't suit you Show your knowledgeable about the company APPLY
  • 11. Use our job board, filter, explore & meet www.builtincolorado.com/jobs
  • 12. Funding: this ain’t no nonprofit ANGEL Impact Angel Group Venture Access Venture Partners Galvanize Ventures Foundry Boulder Ventures Grotech Ventures High Country Ventures Rockies Venture Club Colorado Venture Summit READ: Colorado’s most active VCs and who they’re investing in
  • 13. Events to get connected READ: 7 must-attend events Conferences Monthly Built In Brews Panels & Speakers Social Networking Focus meetups Pitch Events 13 Get connected Don’t underestimate the importance of meeting people
  • 15. Startup Weeks Ft. Collins Startup Week Colorado Springs Startup Week Boulder Startup Week Denver Startup Week - coming up at the end of September! Company sponsored Hackfests: Quick Left, SendGrid Statewide Startup Weekends Aspen, Denver, Boulder, Ft. Collins, etc. Demo Days: Techstars, Galvanize, Boomtown, RefactorU Uncover New Startups More resources Finding founders CoFounders Lab Meetup Denver Founders Network Boulder/Denver New Tech Built In Colorado Member search Niche resources: PriME Health Collaborative Blackstone Entrep. Network Colorado Impact Fund Google Entrepreneurs Commons on Champa Niche events: IoT Hackathon, Boulder Marijuana Hackathon (last year first) Digital Health Summit GoCodeColorado
  • 16. Staying updated on the news & happenings o Sign up for the Built In Colorado newsletter o Xconomy o InnovatioNews o TechCocktail- o Techcrunch- national o Confluence Denver - local o Boulder Daily Camera o Setting Google Alerts on industries/startups youre following o Denver Business Journal daily emails o Coworking sites/ incubator newsletters o Startup Digest (available in most startup communities)
  • 17. Other reads to get in the groove • Read: 9 must know coworking spaces to find your match • Colorado’s most well-funded tech neighborhoods • Colorado's top 50 startups to watch: Where are they now? • 5 downtown Denver coffee shops perfect for entrepreneurs, freelancers, and remote workers
  • 18. Stakeholders growing the startup community Erik Mitisek (Chairman, Colorado Tech Assn.) Robert Reich (BDNewTech) David Cohen (Founder & CEO, Techstars) Jim Deters (Founder, Galvanize) Brad Feld (Managing Director, Foundry Group) JB Holston (Blackstone Entre. Network) Brad Bernthal (Silicon Flatirons) Ben Dada (Galvanize) Chris Franks Ingrid Alongi (Founder, Quick Left) Bryan Leach (CEO, Ibotta) Nicole Glaros (Techstars)
  • 19. What is next? 1.Sign up for Built In Colorado, subscribe to the weekly newsletter, and our jobs newsletters 2.Post a blog on your expertise & read about new companies to find your next venture 3.Connect with others & jumpstart your startup path 4.Get involved! Attend community events – - Attend our Built In Brews events

Editor's Notes

  1. Job seekers? Those looking to join a startup? Those already working in a startup- maybe your new? Why do you want to work for a startup?
  2. Unemployment at 4.2% Extremely educated labor force, in boulder 70% of labor force has BA or higher Why cities like startups: new funnel of innovative businesses = job growth = development of neighborhoods, attracts younger generation “Unlike the mainframes of IBM’s heyday, computing is no longer in the hands of big companies and governments …” Townsend writes. “All over the world, a motley assortment of activists, entrepreneurs and civic hackers are tinkering their ways toward a different kind of utopia.” author of Startup cities Green- medium income
  3. Startups weigh these two factors before launching in a city: access to funding & mentorship and cost of living If a startup launches in a silo, they loose some of the initial early user acquisition, feedback, and connection that comes from the startup community itself.
  4. Rally was recently acquired by CA Technologies Apto 8M, Sovrn 18M TeamSnap 6.8M, Kindara 5.3M Acquisitions and fundings change the landscape of the startup community as a whole - internally and externally
  5. Wide range of tech cos, stem mostly B2B (enterprise software), adtech & cloud Stalwart social entrepreneurship, clean tech, health, and a few ecommerce companies popping up Finding your sector
  6. You can work for a Colorado company that has a global and national influence
  7. Many of these companies have expanded their teams drastically over the last few years and have similar investors in common
  8. Find a startup in the industry that interests you, delve into your resume and make it apparent that you’re a hard worker, position titles are different now- it’s best to thoroughly read the job description before writing it off or applying
  9. Look out for job fairs during the year as a part of Startup Weeks, there is one coming up in September as a part of DSW Recruiting events, open houses, and happy hours at specific companies are also common
  10. Funds used for entrepreneurial endeavors in the community Crowdbased investing EFCO: Entrepreneurs pledge equity to the fund
  11. Frequently volunteer your time to attend an event, organization, group to get of the ground and build connections 6 mos to become integrated Startup Grind Tech Cocktail Denver Founders Creative Mornings Tech Confluence Women Who Startup
  12. New players entering town: WeWork, Catalyst Health Complex 2015 Digital Health Challenge during DSW on September 30th Mergelane: business accelerator for women Boomtown: 12 wk program
  13. Hackathon: collaborative, intensive coding over a set amount of time to accomplish an identified task blackstone entrepreneurs network colorado connecting colorado's serial entrepreneurs with high growth companies. Colorado Impact Fund a private equity fund supporting local companies that make a purposeful and positive social or environmental impact in our community Go Code Colorado is a statewide apps challenge to bring devs & entrepreneurs together to build better business apps with public data.
  14. Don’t email these people thinking they can navigate your career for you or make the connections you need, do your own research and built your connections.