Congrats to SnagHub, Winner of Western Colorado Startup Weekend
FOR IMMEDIATE RELEASE
Grand Junction, CO, 12 October 2015 -- This weekend, participants from all over Colorado's western slope competed to create the best startup company at the first regional Western Colorado Startup Weekend. Students and adults from Gunnison, Montrose, Telluride, Grand Junction and beyond converged at Proximity Space in Montrose CO for three days of intense collaboration. Almost forty attendees formed into six teams to work on business ideas pitched at the start of the competition.
This weekend, participants from all over Colorado's western slope competed to create the best startup company at the first regional Western Colorado Startup Weekend. Students and adults from Gunnison, Montrose, Telluride, Grand Junction and beyond converged at Proximity Space in Montrose CO for three days of intense collaboration. Almost forty attendees formed into six teams to work on business ideas pitched at the start of the competition.
Over the course of the three days, each of the teams took their idea from concept to MVP, a startup term meaning Minimum Viable Product. Each team is encouraged to create a virtual or physical product, that is easy to use and that solves a real need. Business models are generated, revenues are predicted and initial marketing ideas are generated to try and prove that what the team has created can successfully make money. Expert juges from our community assembled to pick the winners on the merits of the business model, customer validation and execution by the teams.
The first-place winners built a company to make it easier to rent almost anything from anyone. SnagHub was created by Bryan Wachs, from Grand Junction, Nikole James of Cedaredge and Mike Guess from Eagle. The three teammates had not met before the event. By using the SnagHub website, users can list tools, equipment, housewares and more—almost anything you own—and set their own prices. Users who need something can then search their local area to find what they need and rent it. SnagHub helps to minimize the risk by conducting transactions automatically, providing insurance and keeping money in escrow until transactions are completed.
Stamp Labs took second place by creating a product that allows destination businesses such as ski resorts to generate buzz around their brand using photos taken by the very people who are already snapping pictures everyday—their visitors. One look at social media, and you can find endless pictures of exciting people and places, and Stamp Labs offers those visitors the ability to be paid for their photos by adding the brand's logo to their picture.
The crowd favorite, and third-place team was Axis Bindings, who created a binding system for snowboards that allows riders to partially detach their board from their boot on a hinge while riding chairlifts. By shifting the orientation of the board, stress is reduced on the rider's knee and passengers can more comfortably ride together on a crowded chair. By the end of the competition Axis Bindings had a working prototype designed and printed on a 3D printer provided to the teams by one of the event coaches.
The response to Western Colorado Startup Weekend was incredible. Students and experienced entrepreneurs came together to solve problems, but they left with new mentors, helpers, partners, co-founders and friends. Events like Startup Weekend open the eyes of would-be entrepreneurs to the possibilities when you find a good idea, pull together the right people and work hard on that idea until it works.
LAUNCH West CO, Proximity Space and the Telluride Venture Accelerator are proud to have hosted this event for entrepreneurs within Western Colorado. Special thanks to our judges, mentors and coaches. And a very special thanks to our sponsors, without which this event would not have been possible: The Town of Mountain Village, The City of Montrose, ProStar, Colorado Mesa University Montrose Campus, Western State University, Grand Junction Business Incubator Center, Scott's Printing.
LAUNCH is an initiative out of Grand Junction, CO to build a network and community of entrepreneurs, developers, designers and other entrepreneurial-minded people. LAUNCH exists to create connections, foster collaboration and to give a singular, strong voice to the entrepreneurial community in our region.
Proximity Space in Montrose, CO provides coworking space to anyone looking for a collaborative work environment. Workspace can be rented by the day or the month, and coworkers come from all different industries, spawning new partnerships and relationships within the community. Proximity Space is the first gigabit coworking facility in Western Colorado.
The Telluride Venture Accelerator (TVA), a program of the Telluride Foundation (a 501(c)(3) community foundation), invests human and financial capital in innovative enterprises with the aim of building and strengthening the entrepreneurial community in the Telluride region to create a self-sustaining entrepreneurial ecosystem bringing innovation, jobs, ideas and a renewed dynamism.
Startup Weekend is a 54-hour weekend event that takes place all over the world. Each event is indepenedently organized by entrepreneurs and leaders within the community. More than 200,000 people have participated in a Startup Weekend event.
High resolution event photos are available to download here (free for use): https://www.flickr.com/photos/136205768@N07/albums/72157659732249992