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Vegas Startup Company LaunchKey Is Acquired by iovation

Many in the community likely know the company LaunchKey. It was originally created at one of the early Las Vegas Startup Weekend events. From there the company was formed and they’ve been one of the hottest startups in the identity and access management (IAM) space ever since. I’ll never forget their “Kill Passwords” sign at SXSW that caught so many people’s attention since password proliferation is a pain for so many of us.

It was recently announced that LaunchKey was acquired by iovation. Here’s a video they put out describing the acquisition.

Congratulations to our friends at LaunchKey. It’s great to see another Vegas Tech startup success.

September 13, 2016 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Rumgr Acquired by eBay – What’s It Mean for VegasTech?

This month we officially heard news that Vegas Tech startup company Rumgr had been acquired by eBay. This seems to be a really great outcome for Rumgr which started at the very first Startup Weekend Las Vegas. I still consider the first Startup Weekend Las Vegas as the kick off of what we now call #VegasTech. As one of the 4 organizers of the first startup weekend, I’m extremely happy that a company started at Startup Weekend Las Vegas was able to create enough value that they would be acquired by eBay. Props to Dylan Bathurst and Alex Coleman for making it happen.

At the recent Tech Cocktail Celebrate event, there was some discussion about whether Rumgr leaving Las Vegas to go and work at eBay was a bad sign for the Las Vegas startup community. People also like to point out companies like Romotive that have left Las Vegas to the valley as a bad sign for the Las Vegas startup community.

Personally, I think that acquisitions like what happened to Rumgr are fantastic for the Vegas Startup community long term. First, it shows that a startup company from Las Vegas can have a successful exit and is attractive to a silicon valley company. Second, when Rumgr’s employees are in the Valley, they’ll be evangelizing Las Vegas to everyone they meet. No doubt many they meet will ask them how a startup from Las Vegas had a successful exit to eBay when startup companies in the valley haven’t been able to get that exit. That’s a great thing for the Las Vegas startup community.

Plus, you can be sure that many startup companies in the valley will ask Rumgr what made Vegas unique for startups. What better for the Las Vegas startup community than to have Las Vegas startup community evangelists in the valley telling people about what’s happening here.

Not to mention, we shouldn’t be surprised if and when some of the Rumgr employees finish their earn outs and move back to Vegas. This is certainly not what the acquiring company wants to hear, but it’s natural for a startup company’s employees to do the earn out and then start something new. No doubt Rumgr employees will consider doing it again in Vegas. In fact, they’ll likely bring their new friends and colleagues from the Valley with them.

This is a great win for the Vegas Tech community in the long term. In the short term, yeah we’re going to miss having the Rumgr Founders and employees around the community. However, our short term loss is going to be a long term gain for the community. Congrats to Dylan, Alex and the whole Rumgr team!

October 20, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Las Vegas Startup The Influential Network Launches at Coachella

A new Las Vegas company called The Influential Network is launching with a bang during Coachella. They’ll be hosting a venue called The Influential House where they’ll have some of the biggest and most notable social media personalities. Plus, they’ll have celebrities like Christina Millian, Paris Hilton, and Crystal Hefner as well.

Here’s the full description of The Influential Network:

The Influential Network is one of the largest Twitter and Instagram Network in the world. With over 20 Million followers across dozens of accounts that the company owns and manages, and a proprietary platform with thousands of top influencers, The Influential Network does campaigns for Fortune 500 companies that reach hundreds of millions of people, and organically start worldwide trending topics.

The Influential Network is the platform FOR Influencers, BY Influencers. The Influential Network provides premium accounts the ability to monetize their influence on Twitter, Facebook, Instagram, Vine, YouTube and more. Influencers can now get paid to share the content that their audience craves.

Welcome to the Vegas Tech startup community!

April 14, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Las Vegas Tech Company HealthDataInsights Sells for $400 Million

Great news coming out today that a Las Vegas company, HealthDataInsights, sold for $400 million to HMS Holdings. Founded by Victor Chaltiel (yep, they guy who recently ran for Mayor of Las Vegas) with Andrea Benko as Co-Founder, President and CEO.

This is a great example of how a tech company can do very well in Las Vegas. How many people outside of Las Vegas would have bet that a Las Vegas tech company could sell for $400 million? I think using the baseball analogy, we’ll call that a triple (Zappos was a homerun if you’re keeping score). Not a bad next step for the burgeoning tech startup community in Las Vegas.

Mark Suster has a great post up where he talks about GRP Partner’s investment and 30% ownership in HealthDataInsights. It makes a lot of sense for a VC firm like GRP Partners to invest in Las Vegas. LA is a short 5 hour drive up the I-15 to get to Las Vegas. Plus, between vacation and conferences, they’re going to be in Las Vegas anyway. I look forward to seeing Mark Suster and GRP Partners doing a lot more investing in Las Vegas Tech Startup companies.

Also, as Mark Suster mentions in his post, HDI was a woman run company since the Founder and CEO is Andrea Benko. I’m sure many in #VegasTech would love to have more women like Andrea Benko more involved. A good place to start would be at next week’s Startup Weekend Las Vegas or another Vegas Tech Event.

November 8, 2011 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

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