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Colorado Is The Latest Tech Hotbed: Here Are 7 Startups You Need To Know

Boulder, Colorado, is home to a vibrant startup community, giving it the nickname of Silicon Flatirons.

(The Flatirons are those distinctive rocks jetting into the sky behind the town.) 

Many founders left Silicon Valley to launch their startup in Boulder, where the lifestyle is a blast and the business community is helpful.  

The annual VC In the Rockies conference (VCIR) was held this week near Vail, Colorado.

Some 300 entrepreneurs and venture capitalists gathered for a bit of matchmaking and skiing.

This year the conference had two tracks: IT and green tech.

One thing is clear: there's no shortage of great young companies being funded

Here are 7 of our favorites:

  • Tagwhat: Get the history of the place where you are now
  • FlixMaster: Turning videos into interactive Web pages
  • Dizzion: Serving up desktop PCs through the cloud
  • CMDirect: She's building a new commodities market
  • Cogo Optronics: Making optical "light" networks faster and cheaper
  • Mocavo: The Google of genealogy sites goes after a $1 billion market
  • Snugg Home: Never pay for energy in your home again

Snugg Home is an online service for contractors that performs energy efficiency audits on homes. It also helps home owners find government-backed incentive programs.

Contractors uses Snugg Home to determine what updates a home needs to conserve energy. By making those updates and adding solar panels, the home owner can finance, say, a $10,000 retrofit and come out cash flow positive compared to the previous power bills, says co-founder Adam Stenftenagel.

Snugg Home is two years old and has already generated $1.7 million in revenues thanks to five contracts from entities working with government grants.  It just landed a partnership with Xcel Energy and EGIA where the service will be marketed to thousands of contractors.

The company is operating off $150,000 "friends and family" seed money and is trying to raise a $2 million Series A round. Although based in Boulder, Snugg was just accepted into the new Surge accelerator program in Houston, a TechStars affiliate for energy startups.


Snugg Home's Co-founder Adam Stenftenagel at Start-up Conference

 

 


READ THE FULL ARTICLE AT THE BUSINESS INSIDER
 

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