Place Your Bets

Here is a little trivia, ladies and gentlemen, to kick off your holiday weekend. Place your bets. In 2020, what is the best state in the country to start a business?

California? If that was your guess, you’d be wrong. Colorado? Wrong again. Washington? Nope.

Topping the list, according to a recent Forbes article, is Utah. Each of the states in the top ten received sizable injections of venture capital, but when combined with socio-economic factors such as the working-age population and the opportunity share for new entrepreneurs, it’s no surprise that the ecosystem BoomStartup calls home comes in at number one. We already knew Utah was the place to be.

BoomStartup Online Tip of the Month

 Have you checked out our online courses? We have over 75 bite-sized video modules presented by our resident BoomStartup mentors. Topics range from fundraising strategies for your startup, to how to develop and implement effective metrics to track your success. Our mentors share real-world battle stories that you can learn from!

Curious what we’ve been up to?

As you may have heard, we’ll soon be selecting companies to receive an infusion of capital, along with more structured and intensive mentorship to accelerate their company. We’ll be leveraging Assure’s innovative software platform for creating and managing venture deals. More to come on that soon, because there is a lot to do in the meantime! We’ve been meeting with some of the top investors in our network to get feedback on our strategy for 2020, working on re-initiating our strong mentor network, and securing sponsors for the year to come.

However, this is only one part of the picture. There is a bigger plan in place for BoomStartup. As you know, the foundation of our program is our virtual platform which gives founders like you real-time feedback on your business model and acceleration plan, and instant access to resources on BoomStartup University and BoomStartup Marketplace. We’ve been working on rolling out our software to other accelerators around the country – and the world. We strive to be thought-leaders in this space, and the more founders we can support, the more big, bold ideas we can bring to the forefront.

Happy Thanksgiving from BoomStartup

We are thankful for all of YOU, challenging yourself to push the boundaries of innovation and making your ideas come to life. You inspire us. We wish you a safe and happy Thanksgiving weekend.