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.
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
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
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?
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
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.
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
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
You can work for a Colorado company that has a global and national influence
Many of these companies have expanded their teams drastically over the last few years and have similar investors in common
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
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
Funds used for entrepreneurial endeavors in the community
Crowdbased investing
EFCO: Entrepreneurs pledge equity to the fund
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
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
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.
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.