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2019年2月11日 星期一

Boulder's PopSockets Weighs IPO | Report: 90 Percent of Blockchain Startups Fail

Monday, February 11, 2019
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First Up

Nick: Hope everyone had a wonderful weekend and left a few minutes earlier than me on Saturday to get to the mountains. Traffic was rough.

On a happier note, do you know of any cool startup offices in Colorado? We're compiling a list to launch our Office Envy series and would love your feedback.

Let's get into the Beat...


The Big One

A breakdown on the day's biggest Inno story.

PopSockets Weighs IPO

Nine years after the first prototype, seven years after a successful Kickstarter and five years after the first products, Boulder's PopSockets, the original smart phone gripis mulling a major move.

Founder David Barnett is preparing for an IPO.

According to a Bloomberg story, Barnett is planning a big expansion into Asia and is considering an initial public offering so the company can provide equity options to employees and enhance liquidity.

"The valuations in the public market, despite what many private equity groups will tell you, at least in our sector—they seem to be better than the valuations in the private market," he said to Bloomberg.

The phone accessory company is absolutely exploding, with more than 200 employees, and Barnett is taking advantage of the recent momentum.

In 2018, PopSockets said it sold 60 million products and brought in more than $200M in revenue.

In validating the company's growth, PopSockets was named the 2nd-fastest growing company in 2018 on Inc. 5000's annual list. According to the list, PopSockets grew 71,424% in the previous three years.

Despite the company's success, Barnett isn't your typical founder. In 2014, he left his job as a professor at CU Boulder to launch PopSockets, in a move that is proving smarter by the day.

As Barrett weighs the next move, he said he's had conversations with Morgan Stanley, UBS and Piper Jaffray about the IPO, and plans on taking more meetings before making a decision.

We'll be keeping an eye on this local success story.


Making Moves

Inside the people, companies and organizations making moves today.

Brandzooka Boom

Boulder-based Brandzooka, a media advertising platform, announced last week that it doubled its staff as it plans for aggressive growth in 2019.

The company's platform makes it possible for anyone to place targeted ads on primetime TV worldwide for as little as $5.

In addition to the staffing announcement, Brandzooka added Juan Villalonga to its board. Villalonga notably led growth stage investments in The Trade Desk and served on its Board of Directors until 2018.

Blockchain Bust

Explority, a Colorado-based analytics and research firm, revealed that 90% of all blockchain startups established in 2014-2018 had already collapsed.

This report comes out after Novum Insights found over 20% of the companies it monitors stopped showing any signs of life in 2018, and many simply vanished entirely.

It's tough out there for blockchain and crypto startups.


In The Know

The CO tech stories you need to read today.


Elsewhere in Inno

Stories from around the Inno network we think you'll dig.


In The Community

The events and happenings to know about tonight and this week.

Coming Up


Random, Rants & Ramblings

The fun stuff.

Denver's Coolest Bathrooms

We have our favorite restaurants and bars for a variety reasons. Maybe its the drinks, the ambience, the food or the happy hour prices.

But, what about the bathrooms?

The Denver Post has a gallery of some of the city's coolest bathrooms and it doesn't disappoint.

Sometimes we can find beauty in the strangest places.


Beat Gotta Eat

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Staff Writer:
Nick Greenhalgh

ngreenhalgh@americaninno.com

Events:
Robyn Garmon

rgarmon@americaninno.com

Product:
Will Flanagan
wflanagan@americaninno.com 

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