Denver Startup Culture
Is Broken, but fixable.
the long form:
I got into a Facebook fight with a CEO the other day. He was mad i said a blog post on his site was click bait (which it was, but the popular term is content marketing). I was mad because it doled out praise for “making Denver Startup Week happen” to a group of people that certainly did participate in the week, but only 1 was a member of our actual team that drives the event, AKA “Making it happen”. As a member of the team that makes it happen i was a bit insulted. Not that i was not included, but that my work was being ascribed to others. Coincidentally in an effort to quantify my time, I track it (not 100% well, yet), this year i spent approximately 160 hours on Denver Startup week. Had I billed for that time it’d be over $10,000. That’s not a small investment on my part, it’s larger than several sponsorship levels in fact. I don’t say that as a “I do more than you” just as a statement of what i do, and it’s relative value.
The next day (i kid you not) i see a blog post by builtin Colorado that says there’s no coworking in LoDo. When in fact I helped launch Uncubed, which started in RiNo but has been in LoDo (15th and Blake) for mmm 3 years now, and has existed longer than built in Colorado. Several other places were mentioned as “nearby options”, all are commonly written about in Builtin and/or Tech crunch because they raise money (which to be clear is totally fine).
That’s the crux of what I think is broken in our community. A focus on money raised. On exits. Not on who’s building and running businesses.
I think raising money is fine, I think selling your company for tons of money is fine, i think talking about those things is fine. They’re obviously economic drivers, they creates jobs, etc. They’re sexy and attract attention.
We’re making our focus around the “Denver startup community” solely about who’s raised how much, how much did the company sell for. We talk about how much VC money flooded Denver in a given time period, but we’re ignoring those companies that form, and continue to exist that don’t take VC money. Uncubed Started with no money from anyone but the three founders. 360|Conferences, started with nothing at all. Last year we had revenue of about $250,000.
We’re not talking about companies that have been around years, are profitable, are doing things. Sure they’re less ‘sexy’ and often (but not always) employee fewer people, but they’re contributing to the Denver community just as much (and I feel more) as the latest well funded Tech Crunch darling, that may or may not even exist next year.
So, all that said, I think that’s now the goal for my blogging efforts. I don’t know if that will be here on my blog or if I’ll spin up something new. I’d like to get a few folks to help me cover things. There’s more to the story of Denver’s amazing startup scene than is being talked about, and I think it’s time we fixed that.
Want to know more, stay tuned. Want to help, let me know.