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Broncos' Okung pens op-ed pushing athletes to invest in tech

Denver Broncos offensive lineman Russell Okung wrote an op-ed for SportTechie advocating that fellow professional athletes invest in technology.

Excerpt:

For decades, athletes have used the money they earned on the field to invest in projects off it, with plans to achieve financial security for life after the game. In the past, these investments were typically in steakhouses, car dealerships, or nightclubs; businesses in which athletes thought they could use their fame to directly generate business and incur large profits. While some athletes -- take Walt Frazier and John Elway -- have been extremely successful, many have learned the hard way that these can be fickle and risky investments. Unfortunately, it has also created a stereotype that athletes are unsophisticated in business and prone to unwise investments.

Now, some people are warning that venture capital funds and tech startups are the new steakhouses; money pits luring naïve athletes. Sure, some athletes have lost large sums of money as a result of reckless investments and typically, when this happens, it generates a lot of media attention because it reinforces the aforementioned stereotype. But this narrative ignores that investment failure is not the exclusive domain of athletes. It is, by its nature, a risky endeavor and all investors have the same obligation to be diligent, to self-educate and to consult industry and investment experts.

Everyone, not just athletes, needs to do their homework before investing. And athletes are just as able as anyone to do so.

Read the rest here.

Fox News spotlights Rise of the Rest in Denver

The story posed a big question: "What can other cities learn from Denver about how the rest can rise?"

Excerpt:

Today, we toured Denver on a bus to see an entrepreneurial ecosystem that, actually, compared to many places, is doing pretty well. According to the Kauffman Foundation, Denver is one of the top five cities in startup activity, and Colorado ranks fourth out of 50 states. Two decades ago, that wouldn’t have been the case. As we visit cities across the country, we often hear what's not working -- we need more capital, more connectivity, better founders.

While Denver is self-aware that they can do so much more, they're on an encouraging pathway to how a community can do its best. At lunch, Steve Case talked about the "three Ps" of the Web's Third Wave. In reflecting on Denver, I saw three Ps that have made Colorado a great startup community.

Read the rest here.

Florida startup Cuttlesoft expands to Denver

Standout software developer and IT services firm Cuttlesoft picked Denver over Raleigh for its second office, reported the Tallahassee Democrat.

Excerpt:

Cuttlesoft's name is a mashup of cuttlefish, the startup's logo and inspiration as an adaptable animal, and software, the startup's bread and butter. In less than two years, Valcarcel and Morehouse have worked side by side building a tech-based company specializing in IT and software services, consulting, auditing and web applications for its growing list of clients.

. . .

Now they'e preparing to work in dual time zones as it opens a second office in lower downtown Denver. The company -- the Tallahassee Chamber of Commerce's 2016 Startup of the Year -- wanted to expand to a market with a robust tech presence. The finalists? Denver and Raleigh, North Carolina.

. . .

"We wouldn’t be there or growing and expanding our business in both places if we hadn’t gotten started here," Valcarcel said. "If we had moved to Silicon Valley … I don’t think we would have had the capital to break ground."

Read the rest here.

Tech.Co outlines "10 Denver Startups You Need to Know About"

For Denver Startup Week, Tech.Co published a list of the "10 Denver Startups You Need to Know About," including Gusto, Revolar and MassRoots.

Excerpt:

With beautiful mountains, legal marijuana, and 300 days of sunshine a year, it's no wonder millions of people have begun to flock to the popular Colorado city. Whether it's new college graduates looking to settle down somewhere adventurous or seasoned entrepreneurs looking to capitalize on a new market, there is no shortage of new blood entering Denver on a regular basis. But what does that mean for the startups in this burgeoning ecosystem? It means it's exploding as fast as the population.

Luckily for you, Denver Startup Week will provide an opportunity for you to take a look at all the entrepreneurial talent present in the Mile High City. This five-day celebration (September 12-16) will showcase everyone from on-demand travel concierge services to innovative intelligence startups, Denver provides the perfect ecosystem for new customers, innovative ideas, and enticing returns.

Read the rest here.

Apto, WellTok, Tender Belly make Inc. 5000

Denver-based Apto, SurvWest, WellTok, BridgeHealth Medical, Stoneside Blinds & Shades, Digital Fusion, Tender Belly and PlanOmatic all made the Inc. 5000 2016 list of fastest-growing companies in the U.S.

Excerpt:

Apto

Provides Web-based software that helps real estate brokers manage customer relationships, properties, listings, deals, and back-office tasks.

2016 INC. 5000 RANK: #175
  • 3-Year Growth: 2,079%
  • 2015 Revenue: $2.3 M
  • Location: Denver, CO
  • Industry: Software
  • Launched: 2012
Read the rest here.

WSJ covers Galvanize's $45M raise

Denver-based Galvanize raised $45 million to expand its educational offerings, reported The Wall Street Journal.

Excerpt:

As more technical education moves to nontraditional programs, it has become increasingly difficult for recruiters to develop standards with which to assess and compare these nascent coding programs. Some academic researchers and trade groups are looking to create a standard database of coding boot camps and online courses.

Mr. Deters said that Galvanize does not aim to replace four-year programs but rather fill the gaps and help engineers be prepared with the skills most highly in demand in today’s workforce. He said the company is planning to collaborate with universities more in the future.

Currently, the six month web development program costs $21,000, while the data science program is $17,000. According to the College Board, the average price of in-state tuition for a public university during the 2015-2016 school year was $9,410. For private colleges, that cost was $32,405.

Read the rest here.

ChicagoInno reports on Layer3 TV launch

Denver-based startup Layer3 TV is launching its service in the Windy City, reports ChicagoInno.

Excerpt:

A well-funded cable TV startup is looking to take on traditional cable providers, and it's about to launch in Chicago to try and woo fed up Comcast customers.

Layer3 TV, a Denver startup with $100 million in funding, is launching in Chicago in the coming weeks, according to Variety. It's 4K compatible set-top box gives customers over 150 channels, the ability to record eight shows at once, and space to store 2,000 shows and movies. And it's algorithm learns your TV watching behavior over time to recommend the best things to watch and where you can find them.

Layer3 TV features a sleek design that let's you seamlessly toggle between cable TV, Netflix and Hulu, YouTube, and your Facebook and Twitter feeds. Rather than taking on Netflix, Layer3 TV has its sights set on cable providers like Comcast, which despite the increasing number of cord cutters, still have strongholds in markets across the U.S.

Read the rest here.

Inc. covers Denver startup Notion

Inc. profiled Notion, the Denver-based startup that could save insurance companies billions with its home sensors.

Excerpt:

Compared to detecting a break-in, sensing a water leak may not sound like a terribly exciting feature, but Notion includes that capability for a very good reason: Water losses are responsible for $8 billion in paid insurance claims each year, according to risk assessment firm ISO. And even though most insurance policies do cover these accidents, no one wants to endure the weeks or months it takes to dry, gut, and repair a damaged home--not to mention the premium increase that's sure to follow.

Notion's devices are designed to help homeowners realize these leaks are happening before the damage becomes severe. Placing a sensor near some of the most likely sources of water escapes -- dishwashers, toilets, tubs, sinks, and water heaters, as well as in flood-prone basements or ground levels -- could help make sure a potentially massive spill stays limited to a mop-up.

Read the rest here.

The New Yorker sees Denver atop "The Tech Boom's Second Cities"

A story in The New Yorker  described Denver as one of "The Tech Boom's Second Cities."

Excerpt:

It now appears that Denver is having a moment of its own. As in Austin and Seattle, a high concentration of good universities in Denver and nearby cities, like Boulder and Fort Collins, has contributed to the region's well-educated workforce. The cost of living in Denver is also relatively low, as are real-estate prices. Though the city isn't the headquarters for any big tech companies -- like Dell in the Austin area or Microsoft and Amazon in Seattle -- several of them, including I.B.M. and Oracle, have offices here.

The presence of those offices, and of the universities, has also helped create a vibrant startup scene: people get educated here or come here for jobs, and then they graduate or leave those jobs and become entrepreneurs. In other cases, established businesspeople are coming to Denver to start companies. Scott McNealy, a founder of Sun Microsystems, chose Denver as the headquarters for a data-analysis startup called Wayin. Explaining to the Denver Post why he left California, he said, "The prices of everything have skyrocketed. The regulations. The pension deficit. The traffic. It's just not a fun place to go start."
 
At this point, none of the Denver startups are well known, but investors seem to find them promising. Last year, the research firm CB Insights released a report that ranked Colorado sixth among states that had received the most venture capital, after California, Massachusetts, New York, Texas, and Washington. In 2015, Denver startups attracted more than eight hundred million dollars in venture-capital funding, led by technology, energy, food, and marijuana companies. At least some of the investments appear to be paying off: in 2014, Oracle paid more than a billion dollars to acquire Datalogix, a Denver-based data-collection firm.

Read the rest here.

Denver ranks no. 1 on Homes.com New Tech City Index

Denver ranked no. 1 on the Homes.com New Tech City Index, which gauges the best cities for tech professionals.

Excerpt:

1. Denver, CO

The mile-high city has a reputation as a haven for parks and animals, with the city even owning its own buffalo herd. However, it also tops our rankings as the best place to live if you’re a tech professional.

Data from the US census last year also revealed that the state of Colorado is the second most educated in the country with 90% residents attaining a high school diploma and 38% earning at least a bachelor’s degree in higher education. This highly educated workforce has created a great environment for the tech industry to thrive. Tanner McGraw, CEO of Apto agrees: "We were once headquartered in Houston but we opened a Denver office in mid-2014 and found the tech talent to be nothing less than top-notch. Denver has since become the company’s focus for growth in both technology development and sales."

Read the rest here

Tech.Co pegs Denver as top city for the digital economy

Tech.Co reported on research that found Denver was a top city for "the digital economy."

Excerpt:

The U.S. Chamber of Commerce Foundation, the Chamber's FreeEnterprise.com, and 1776 just released the second annual Innovation that Matters report. The report examined the top 25 U.S. startup hubs and looked at which ones are attracting top talent, getting the most investments, developing specializations, creating density, connecting the community to build cultures of innovation.

Of the 25 cities they looked at, Boston, San Francisco, DenverRaleigh-Durham, and San Diego came out on top. They are the cities that are considered the best poised to be successful in our evolving digital economy. I'm sure no one is surprised to see San Francisco on this list, but Boston beat it out for the top spot due to its lack of a cohesive community and declining quality of life for residents.

Read the rest here.

Technical.ly debuts video on Denver's tech scene

Technical.ly, a network of websites covering technology in a number of cities on the East Coast, released a video on Denver's tech scene made when it kicked off the Tomorrow Tour at The Commons on Champa in Feb. 2016.

Participants stressed that the city's uncommonly collaborative nature has helped catalyze an especially fertile startup community.


Video:




Read the rest here.

PC Mag spotlights Denver startup Flowhub

PC Mag profiled Denver-based Flowhub, a startup that makes software for the cannabis industry.

Excerpt:

The cannabis industry made $5.4 billion in 2015. Legally. That's $5.4 billion worth of businesses growing and cultivating plants, processing and shipping products, and selling marijuana, cannabis oil, and all manner of edibles at dispensaries. That figure is forecast to hit $22.8 billion by 2020 according to the latest State of Legal Marijuana Markets Report from ArcView Market Research and cannabis-focused data analysis firm, New Frontier. The cannabis industry's booming economy needs technology to function, and Flowhub is one of the companies creating hardware and software for businesses at every step of that process pipeline.

. . .

"You have a lot of people coming into this business from the black market, some who were growing for maybe 20 years illegally," said Sherman. "They're not used to best practices and standard operating procedures. A lot aren't technically inclined, either. Our goal as a company is to make compliance easy for the end-user so that, no matter what, people are staying compliant. The metrc system is the way we're going to legitimize cannabis in the United States."

Read the rest here.

BWBacon blog offers interview tips from Denver tech execs

Denver-based IT staffing firm BWBacon Group posted some interview advice from local tech execs.

Excerpt:

Geoffrey Cullins -- Sr. Director of Engineering @ GutCheck

If you don’t know the answer to a question, just say so. If I ask you a question, I probably know the answer so I’ll know if you’re BS-ing me. It almost always results in me mentally dismissing you, because if you can’t know yourself well enough when you’re trying to get a job, you’re going to really fail when it counts.

Read the rest here.

Mic casts Denver as "unexpected startup mecca"

Mic published a piece on Denver's emergence as a startup "mecca."

Excerpt:

"There's largely a rejection of burnout culture here in Colorado," Espeland told Mic. "When you go to the coasts, you often see people working 20 hours a day and sleeping in their offices. Here, we value not doing that, and we believe that actually makes us move faster."

This environment is one of the reasons why Denver has quietly become one of the fastest-growing startup meccas in the United States. In 2015, Denver startups attracted more than $822 million in venture capital funding, with companies in the technology, energy, food and marijuana sectors leading the way. The city also routinely ranks as one of the best cities to live as a millennial, and young people from across America are flocking to the state in record numbers to build Denver-based business.

Perhaps the most remarkable part of the Denver success story is that much of the city's growth has taken place in only the past five years.

Read the rest here.
54 Mobile App Articles | Page: | Show All
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