Las Vegas is known for bright lights, night clubs, crazy day and endless casinos among other entertainment joints. Many people do not associate Las Vegas with startup projects since the city is mostly popular as a place you can only go to spend your money and have fun. Despite its reputation, the town has favorable conditions regarding the cost of living, several co-working spaces, and incentives for upcoming small businesses, collaborative startup scene, and the city’s uniqueness among others. Therefore, it is a potential tech hub for many startup projects.
In 2012, the chief executive officer of Zappos, Tony Hsieh, made a smart move of launching a revitalization project that he invested his 350 million dollars. It was meant to rejuvenate Las Vegas through technology and entrepreneurship that have helped increase the popularity and growth of startup projects. Below are examples of startups that have thrived in Las Vegas from their early stages.
This project was founded in 2012, and the organization functions as a holding company. The downtown project encompasses several investments in small businesses, technology, real estate, and education. The company set $350 million to increase the Revitalization of Las Vegas. The purpose and goal of the project is to make Las Vegas a city of innovation, inspiration, entrepreneurial energy, discovery, and upward mobility among others.
Vegas techfund has invested 50 million dollars in empowering passionate entrepreneurs to build a large community in Las Vegas. Its method of investment is quite different from other funds since it makes its investment decisions based on the founder’s vision and passion. Also, they consider support of the startup from Las Vegas as well as community evaluation.
Orderwithme empowers entrepreneurs by streamlining back-office operations and providing innovative ideas that help create unique and friendly customer experiences within business premises. Orderwithme brings together independent retailers and small entrepreneurs from all over the country, so that they can unite as a single national account to suppliers. Orderwithme aggregates and manages all of their payments, invoices and purchase orders.
Orderwithme is focused on bringing change to future retail businesses by collaborating with Zappos to assist in opening a physical store. Orderwithme has invested 37 million dollars in launching new projects with both small and well-known business retailers.