St. Louis: Tech and Economic News
Startup Founders Say 'Meet Me in St. Louis'
By Kate Rogers Published June 11, 2012 FOXBusiness http://a57.foxnews.com/global.fbnsta...k-and-Ray).gif Mark Sawyier and Raymond Gobberg of Bonfyre. For proof that a successful technology venture can grow somewhere other than Silicon Valley, 29-year-old entrepreneur Gabe Lozano says he had to look no further than his own father, who in 1996 founded PaylinX in their hometown of St. Louis, Mo., and later sold it for $138 million. “I knew it could be done in St. Louis—if my dad could do it here, I knew I could do it here,” Lozano said. “There is a lot of pressure to move toward the coast, but there is a determinable excitement here.” And he should know—his company, LockerDome is rapidly expanding. According to Lozano, the social networking site for sports, which connects fans and athletes, has grown 25% week-over-week for 24 weeks straight. The company raised $2 million after over-subscribing on a $1 million funding round, he said, and plans to raise between $5 million and $10 million in the next year. Lozano is part of a growing network of technology innovators choosing to call St. Louis home. Thanks to a strong commitment from local colleges, private investors and public support, the startup community is growing and thriving. The founders of Off Campus Media, Mark Sawyier, 27, and Raymond Gobberg, 25, started their tech company while studying as undergrads at Washington University in St. Louis. The company aims to help students better manage their lives through the site and its mobile application Bonfyre, as well as through its national ambassador program network that reaches 125 campuses in the U.S. Sawyier and Gobberg just closed a $750,000 funding round to support the Bonfyre app, and said they have received a tremendous amount of support from the local community. The level of collaboration seen in St. Louis is just one of the many things keeping their company planted in the city. “With Bonfyre, which is a location-based app exclusively for college students, we’re not one out of five million mobile apps trying to make it in San Francisco,” Sawyier said. “And the cost of the mistakes that young companies inevitably make is a lot less.” Brad Pittenger, founder of XIOLINK, a managed infrastructure, hosting, collocation and cloud computing provider, started his company in 1999 and today is focused on fostering the city’s newest innovators though organizations like Arch Grants. He also independently invests in home-based startups through an angel organization in the city. “Building more technology in St. Louis is good for all of us,” Pittenger said. “Some of the things that have really attracted us to stay here are the great educational institutions, talent of employees and the tech companies.” The area is prime real estate for recruiting, he said, due to the city’s power infrastructure and fiber optic network of skilled workers. Pittenger said that while the Midwest is obviously less competitive than its East and WestCoast counterparts, once startups see the value in the area, staying is a no-brainer. (Read more) |
Is there a discussion question?
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^ i don't think it's a requirement. lots of other posts in this category are just articles without posed questions.
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I think "Arch City" is either Mark Sawyier or Raymond Gobberg.:haha:
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Anyway.....one should be able to deduce from the posting that the "discussion question" questions and validates St. Louis' emergence as a viable (or alternative) technology center. If the entire article had been read by clicking the link provided, there wouldn't have been a need to ask such a question. The end of the article says a lot..... Quote:
This is just one more positive piece written by Fox Business News. There's a thread, '15 Tech Scenes In Places You'd Never Think To Look'. It is similar to this thread. |
Forbes Article
Here's another article - including a video - that was published in Forbes magazine earlier this month..............
__________________________________ Million Dollar Carrot Dangled As St. Louis Redefines Itself In Tech Start-Up Space Aaron Perlut 06/14/2012 @ 10:50AM http://blogs-images.forbes.com/marke...9.29.46-AM.png Square Founder and St. Louis Native Jim McKelvey When you think of technology start-ups, a small cluster of cities comes to mind – Silicon Valley, Seattle, Austin and Charlotte. But St. Louis? The old-line, union-heavy town built around a river economy? Indeed, it would seem an unlikely spot for consumer technology start-ups. But, under the radar, the red bricks and mortar town has been working to redefine itself, making a major push to redefine itself as a tech center. Excerpts from the article: Quote:
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Arch Grants sound great, but the state of Missouri has done nothing to support St. Louis economic development historically. That's really are biggest downfall, that and local fragmentation.
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https://encrypted-tbn2.gstatic.com/i...bennRC2hTHynJO
LockerDome is ‘Facebook on steroids’ Commentary: Social networking sports site eyeing growth February 01, 2013|Jon Friedman, MarketWatch http://ei.marketwatch.com/Multimedia...d-002128040cf6 Gabe Lozano is concentrating on LockerDomes growth strategy and has no NEW YORK (MarketWatch) — When Baltimore Ravens linebacker Courtney Upshaw plays in the Super Bowl on Sunday, football fans will recognize him at once. But he isn’t quite a household name just yet. That’s where fast-growing LockerDome, a sports-centric, social media website, comes in. It offers an online platform for about 1,475 professional athletes, brands, media personalities and other sports properties that use LockerDome as a hub to amplify their social media strategy. “For an athlete, a LockerDome network is like a Facebook fan page on steroids.” said Gabe Lozano, LockerDome’s 30-year-old co-founder and chief executive. And it’s paying off, too, for LockerDome. The company was founded in 2008 as a youth-oriented sports site. For its first four years, it made scant progress, with under 100,000 average monthly users. Then, sparked by Lozano’s meeting with Jim McKelvey , a fellow St. Louis resident who had founded mobile payments company Square, a light bulb went off and the company re-invented itself as a sports site featuring professional athletes. In the past 13 months, LockerDome has exploded to reach an average of 8 million monthly unique visitors with more growth to come, executives say. They estimate that the company could boast 20 million monthly unique visitors a year from now. See 10 of the most unlikely Super Bowl icons. How fast has the company grown? Consider that the St. Louis Business Journal published a piece in December, saying that LockerDome had hit the 3 million mark in monthly visitors. Two weeks later, the publication updated the results by noting that LockerDome had reached 4 million. “Fifteen times this year,” the St. Louis Business Journal pointed out, “LockerDome has set a new single week growth record. Each week, the startup’s user base grows about 14%.” Like Twitter in its early days Advertising-reliant LockerDome is Madison Avenue’s ideal, too. The core audience for its free accounts is comprised of 18-to-34 year-old affluent males, the very demographic that makes advertisers drool. Regarding its financial footing, LockerDome announced that it has raised $3 million and Lozano said he expects to have added an additional $5 million by March 31 for a total of $8 million. Clearly, Lozano thinks big. “I see LockerDome now like Twitter was in 2008, when it started to explode and come on the national radar,” Lozano told me. |
I think NYC is the only city to have made major inroads with start-ups in recent years; Chelsea and Flatiron have emerged as the equivalent to Silicon Valley.
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Feb 4, 2013, 10:57am CST
LockerDome forms partnership with USA Today Sports http://bloximages.newyork1.vip.townn...review-620.jpg Lockerdome employees creative director Rasheed Sulaiman (front left) CEO Gabe Lozano (right) talk about solutions to improve a part of the site in the company's Washington Avenue office space in downtown St. Louis on Monday, May 14, 2012. Social networking startup LockerDome today announced a strategic partnership with the USA Today, the first major step the company has taken to monetize its quickly growing traffic. As of last week, the St. Louis-based startup had an average of 8 million monthly unique users. LockerDome CEO Gabe Lozano said he did not expect to be in a partnership with a major media brand this early. Last year his team was projecting that the site would reach 5 million monthly unique users by the middle of 2013. But when traffic started growing exponentially toward the end of 2012, Lozano said they looked for the right media partner and came up with USA Today. The dialogue started with a text message. "We sent a text message that said 'Are you interested in 5 million monthly uniques.' The response was 'What's the catch?'," Lozano said. The advertising agreement is the first step in the partnership and was reached quickly over the last month. Lozano said that the startup spent 2012 focusing on creating a platform that athletes and brands could use to reach their audience. "That was last year. 2013 for us is the year of the end-user and the year of monetization," he said. Details of the agreement were not disclosed, but it is understood that the USA Today will be able to use its existing advertisers and sales people to tap into the growing traffic and prime advertising demographic at LockerDome. Lozano said the startup was growing at about 22,000 new monthly unique users each day in November. That number was up to 116,000 per day in January. "We’re excited to welcome LockerDome to the USA TODAY Sports family,” said Clay Walker, vice president of Affiliate Relations for USA TODAY Sports Digital Properties. “LockerDome’s unique social media platform enables us to provide our advertisers with engaged, highly targeted audiences inside LockerDome’s vast—and growing-- ecosystem.” |
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I think the middle of the country is emerging too and startups in St. Louis have been getting a lot of national buzz. Here's an infolog about some recent St. Louis start-up successes as well as advantages St. Louis might offer. http://techli.com/wp-content/uploads...-STL-Infog.jpg |
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New York has a PR machine boosting ideas like that.
It's funny how many "next silicon valleys" there have been. Just like biotech a decade ago, and green tech these days. Everyone thinks they have the answer. The cities with big booster organizations do a good job spinning moderate successes and potential, with the effort of using those to ratchet up higher. Can't blame em, but won't believe em. |
NYC does indeed have a stellar PR team when it comes to tech, but other factors also show the rise of the city's tech sector. Beyond the multitude of startups in the Midtown South neighborhood, look at what major tech companies are doing in the city. Microsoft just relocated to 11 Times Square, leasing a huge part of the tower. Google owns one of the largest buildings in the world, and continues leasing more space. NYC is the only comparable locale (in the US) to the Bay Area when it comes to technology, and this is a very recent development.
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Says who, other than you and the PR firm?
First of all, you're talking about established companies. Second, even though those companies have a large presence in my city I don't make similar claims. Microsoft and Amazon have 15,000,000 sf of offices in the Seattle area, with Amazon adding million by million to come. Google, Facebook, Adobe, and Cisco must total way over a million sf of satellite offices total (wild guess 1.5m). Other local HQs like Expedia, F5, and T-Mobile have multiple buildings each. Now do you want to talk about startups? |
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Arch city if I were you I'd ask to have this thread moved to the Midwest forums to avoid idiotic trolling like that of babybackribs above
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