Study: One digital tech startup launched every 72 hours in Colorado

Colorado Startup Report

Colorado Startup Report

In Colorado, a digital technology company launched every 72 hours last year and digital startups across the state raised more than $500 million, according to a report released today.

Built In Denver, an online community for Front Range entrepreneurs and startups, on Monday released its first-ever report about the state and health of the Colorado startup scene.

Among the 2012 Colorado Startup Report’s findings about digital technology startups:

  • Twenty digital tech firms were acquired, including Boulder’s Snapjoy, Everlater and Collective Intellect.
  • Boulder-based digital startups raised $197 million.
  • Thirty-six Boulder firms raised more than $1 million.
  • Denver firms, comparatively, raised $280 million and 33 companies based in the Mile High City raised more than $1 million.
  • Colorado entrepreneurs founded 122 digital startups

“2012 was another record-setting year for digital technology companies in Colorado,”  Erik Mitisek, CEO of the Colorado Technology Association and Built In Denver’s board chair, said in a statement.  “The spotlight on Colorado’s digital technology economy is shining bright, as government, media, large corporations, major universities and investors from around the country are taking notice — and now we have the data to prove it.”

About Alicia Wallace

Alicia Wallace is the business reporter for the Boulder Daily Camera.
This entry was posted in Boulder, Denver, Funding, M&A, Reports/Studies and tagged , , , , , . Bookmark the permalink.

5 Responses to Study: One digital tech startup launched every 72 hours in Colorado

  1. Tim says:

    Quality, not quantity. Or, conversely, just put together a good presentation, grab the investors dollars, and equate that to innovation. Gotta love those angels.

  2. Alan says:

    Well…my experience is I never met an angle who wrote a check for a nice PowerPoint. I certainly agree with the "quality" point Tim made….how many of these startups will be around in 48 months?

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