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Why Denver’s tech industry carries a chip on its shoulder

The theme song for this 365 days’s Denver Startup Week could perhaps also as properly be Aretha Franklin’s “Admire.”

“I got to possess (honest a puny bit bit)

A puny bit respect (honest a puny bit bit)”

Instruct of play: The annual thinkfest that begins as of late is celebrating its 10th 365 days, honest because the Denver metro is minting “unicorns” — startup companies with valuations over $1 billion.

  • Louisville-based totally JumpCloud, a platform for distant work, is now valued at $2.6 billion after a fresh round of funding.
  • Denver’s SonderMind, which connects behavioral properly being sufferers and suppliers, hit the $1 billion mark this summer.
  • DispatchHealth, a Denver-based totally tech company, reached $1.7 billion in March.

Yes, however: Denver’s tech industry easy appears to be like adore it does now not procure the more or less respect it deserves, particularly from the navel-staring at crowd in Silicon Valley.

That lament became obvious in a Clubhouse chat hosted by Startups Across The US in June that featured leaders of local tech and endeavor capital companies.

  • Chris Erickson, co-founding father of Vary Ventures, said he on the total gets a variation on the question: “What occurs when everyone goes mountain biking at 3pm?”
  • Others suggested the put out of your mind is associated to lower salaries offered within the Denver home.

The assorted side: Local startup leaders had the final laugh.

  • “A whole lot of alternative folks assume Denver as a life-style desire in put of residing of a profession desire,” said Megan Man, co-founding father of King River Capital. When genuinely, “you can possess both.”

“You would possibly perhaps be honest as plucky, maintain what you’ll need, and hundreds more with out say possess the quality of lifestyles that you just’ll need,” Erickson added.

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