With one-third of all venture capital investment and countless startups valued at over a billion dollars, the Valley may be the Zeus of Mount Olympus.
But Silicon Valley’s Utah counterpart seems to be holding its own.
Though Silicon Slopes’ name belies a desire to become like the California bay area, Utah’s growing tech scene has taken a different path to success. Most local startups have bootstrapped their way to the top, initially foregoing venture capital investment and the swanky tech parties that come with extra money.
The Beehive State is also consistently ranked as one of the best states for business and has fostered startups that thrive on its economic stability.
And Draper-based Homie, a real estate tech company hoping to disrupt the business, is more than just thriving.
Homie received an $18.5 million valuation from a seed round of funding early in the game and has grown quickly since then. It took Homie less than 18 months to make a significant dent in its number of residential real estate listings, and the company recently increased its home listings from 76 in January to 274 in August, according to Homie officials.
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