Falfurrias Capital Partners acquires majority interest in DCTech company Industry Dive

Congratulations to the co-founders, CEO Sean Griffey (pictured above), CRO Ryan Willumson, CTO Eli Dickinson and the entire Industry Dive team, the best little company that DCInno never heard of. Industry Dive announced today that Falfurrias Capital Partners acquired a majority stake in the DC-based company. According to the company,  Industry Dive, "provides premium business news, original analysis, and other information products and services to more than 7 million executives across 19 industry verticals ranging from banking and supply chain to retail and waste." Founded 7 years ago, in 2012, Industry Dive started with a $900 thousand capital infusion by the founders and a small group of local Angels. Angels contributed $400 thousand in an initial seed round. That round was followed by another $250 thousand in equity and $250 thousand in convertible debt. The Washington Business Journal reported 2018 revenues as "roughly $22 million." The company's acquisition press release states, "Industry Dive's three-year growth rate of 348% placed the company in the top half of the Deloitte Technology Fast 500 and earned it a ranking as the 13th fastest-growing media company on the 2019 Inc. 5000 list. The company also has been recognized three years in a row as a top workplace by the Washington Post, and has...

Pulling Weeds in the DC Startup Garden

If the DC Startup ecosystem was a garden and all the startups were plant life, the good companies would be flowers, especially Urban Stems and Bloompop that happen to sell flowers. If the DC Startup ecosystem was a garden than the DC Startup Tech "Journalists" would be the farmers who shine sunlight and spread manure in our gardens. "Journalists" from Tecnical.ly DC and DCInno do a great job of spreading the crap. They indiscriminately spread life-giving nutrients to all plants be they flowers or weeds. That's great because every garden needs fertilizer. If the DC Startup ecosystem was a garden it would be a small garden and unfortunately, this garden is over-fertilized with poo and is infested with weeds. The weeds you ask? They are companies like Trustify, Chalant Health, Union, and LifeFuels, with "Venture Craptial" firms like 3Si, with false prophets like Paul Singh, Evan Burfield, Jonathon Perrelli. they are the second tier, phonies who don't even qualify to the 1st class huckster status like, Jason Feimster, Matthew Pugsley, and Janet Ridgely. To the outright abusive criminals like Andy Powers, Danny Boice, and Jen Mellon. If the DC Startup ecosystem was a garden, this garden would need a gardener willing to get his or her...

DCA Live Red Hot Not

Last week I noticed a posting from a friend about DCA Live on Twitter. It got me thinking, which is something I try to do every 10 years or so. What the hell is a DCA Live? Here's what I saw on Twitter: Awesome event! Congrats to the nominees!! Great list of top tech cos in DC!! — Tien Wong (@tienwong) July 10, 2018 Just wondering? What qualifies as a red hot company? If I started a company, April 2015, burned through $3 million and produced no product...

3rd Not Quite Annual 100 #DCTech Companies I Don’t Hate

Back in April of 2014, Mr. Steven Overly, formerly of the Washington Post, presently of Politico challenged me to name 100 DC Tech companies that I did not hate.  Well, I came up with only 42. Last year, I tried it again and still couldn't come up with 100. Well this year, I'm closer. I've come up with, 78 companies I don't hate. Not being listed doesn't mean I hate your company. It only means that I don't know of or forgot to mention your company. In the interest of specificity, I've included 9 companies that  I do know of and didn't forget to list. That's the DC Tech companies I know that I don't Not Hate. The categories in this post include: The Hidden Gems - The companies that Technally DC, DCInno, Tech.co, and Nibletz have no clue exist and even armed with a GPS, seeing eye dog and sextant, they'd still never find them. The Special Gem - A special company that deserves extra attention The Realy Big Deals - The guys you build an ecosystem around The Companies I Don't Hate The Companies I Don't Not Hate The company I don't Hate or Not Hate but I know who they...

Revisiting the 100 DC Tech Startups I Don’t Hate

Aww those  DC Tech Startups. Got to love them or hate them. In today's post, we ((we love calling me we) look back at the 100 #DCTech Startups we as in I don't Hate. Way back in April 2014 I made a friendly wager with the Washington Post's Steven Overly that I could name 100 DCTech companies that didn't make me want to vomit. Thusly (he said with the grand pomposity of one who refers to himself as we),  the 100 #DCTech Companies I Don’t Hate: The Steven Overly Challenge was born. I lost that wager because at the time I was only able to come up with 42 companies. Probably because most of the good companies aren't stupid enough to be constantly yelling, "Hey! Look at me!" at the local tech press like DCInno or Tech.co or Techally.Dc.(look for the upcoming Mr. Cranky post on the Buzz to Biz Ratio). Most of the good companies hide in the isolation of caves and come out when they've made it. Now 3 years after the challenge, I...