Boasting many top tier universities, an emphasis on innovation research, a closer-knit community, and one of the highest rates of venture capital investment in the country, Boston is home to one of the richest tech ecosystems in the US.
Startup accelerators and incubators such as TechStars, Future Boston, Mass Challenge, and Harvard Innovation Lab offer capital and mentorship opportunities in exchange for small amounts of equity. Coworking spaces including WeWork, Workbar, Koa Labs, Idea Space, and Cambridge Innovation Center provide rented spaces for solo founders and growing teams to work on their projects. For those interested in sharpening their skills, groups such as Boston New Tech Meetup, Girl Develop It, Rails Bridge, and General Assembly offer classes, workshops, and events on a wide range of topics including coding, digital marketing, data science, and project management.
Given the wealth of opportunities for budding entrepreneurs, Boston is brimming with triumphant tales of talented techies. Below are seven success stories from The Hub’s tech community:
1. The Data Monster: DataXu
Founded in 2007, DataXu has made a name for itself in the B2B software scene with its simple platform that allows marketers to harness big data and use it for digital campaigns. In the past three years, DataXu has seen 21,337% growth and rocketed to $87 million in revenue in 2012 alone.
2. The Popular One: RunKeeper
Used by over 30 million people worldwide, RunKeeper allows users to track and share their achievements on various social media channels. In addition to integrating with 100 other partners such as Jawbone and Pebble, RunKeeper works with corporate wellness plans. Users share progress with employers who offer fitness incentives.
3. The Shopaholic’s Best Friend: Mobee
Founded by former Googlers, Mobee has developed a way to crowdsource offline data insights and provide those insights to retail brands. Mobee’s mobile app enables shoppers to earn rewards and gift cards for “running missions” (reviewing stores). Afterwards, the data is supplied to businesses so they can better serve the customer.
4. The Economic Futurist: Circle
Founded in 2013 by serial entrepreneurs Jeremy Allaire and Sean Neville, Circle is helping transform the business of payments and finance in the increasingly integrated world economy. The suite of online products for businesses, consumers, and charities is built for Bitcoin, on the premise that open source standards are the foundation of currency innovation.
5. The Foodie: Platejoy
Platejoy simplifies the process of planning out weekly family meals. Not only does the service allow you to customize menus based on desired ingredients, Platejoy delivers everything busy eaters need to cook healthy meals all week long.
6. For Millenials, By Millenials: Fetchnotes
Created by students from the University of Michigan and incubated by TechStars, Fetchnotes makes productivity easier by organizing to-do lists in an intuitive, Twitter-like format. The app allows easier categorization and cooperation through hashtagging and collaborative lists.
7. The Cyborg: Spritz
The Spritz team has unlocked the secret to speed-reading and designed an app that increases readers’ word per minute skill. By utilizing the Optimal Recognition Point of a word and displaying them on a screen in a way that eliminates unnecessary eye movements, Spritz is striving to integrate with all types of tech platforms including mobile phones, tablets, and wearables.
Want to create your own success story? Learn more and get involved in the Boston tech community at General Assembly.