As I sit here at our region’s first Startup Weekend, it is clear that there’s something happening here when it comes to Cincinnati’s entrepreneurial scene. That magic is in the air as we watch over 100 people work on launching a startup in just 54 hours. The success of this event builds on the momentum of the last 12 months that includes:
- Venture for America announced that Cincinnati is going to be part of their inaugural class of 4 cities starting Summer 2012.
- The Brandery had a busy year as we moved into our new home into Over the Rhine and the Kauffman Fellows named us one of the Top 10 Startup Accelerators in the country. Demo Day for our 2011 class also exceeded expectations as 350 people gathered to watch the pitches of our 8 companies. These attendees included Venture Capitalists nationwide who traveled to town from New York City, Boston, Austin and Chicago.
- Cincinnati born Share This was named by Forbes as one of America’s Most Promising Companies. And Cincinnati based Spark People reached 11.5 million members.
- Cincinnati took the title of Most Social City for Mashable’s Social Media Day. And fittingly, Twitter opened up their Cincinnati office.
- Several Cincinnati startups closed significant fundraising rounds including ThinkVine’s $8MM Series C and AssureRX’s $8MMSeries B from Claremont and Sequoia. CincyTech also added 11 companies to their portfolio, bringing the total to 30 since 2007.
- The region also saw a major exit in 2011, with CincyTech and Queen City Angels portfolio company Blue Ash Therapeutics sold to Forest Labs.
- Driven by Laura Baverman, Cincinnati.com launched Enter Change to cover great ideas in our region.
- Cincinnati is #1 in the country in voting for StartupBus at this year’s SXSW with over 500 votes
“Everybody look what’s going down…“