As 'Unicorns' Emerge, Utah Makes a Case for Tech Entrepreneurs Entrepreneurship
October 12, 2017
When Josh James traveled to the Bay Area in 2000, seeking funding for a web analytics company he had founded, he spoke at length with a venture capitalist about his plans for growth. The conversation was going well, Mr. James recently recalled, until the investor asked where he was based. "As soon as I told him I was from Utah, he literally, without saying a word, turned around and walked away."
Utah entrepreneurs no longer get that icy response.
The region has given rise to at least five companies valued at more than $1 billion. The concentration of these so-called unicorns is surpassed only by California, New York and Massachusetts, according to CB Insights, which tracks venture capital investment.
By ELLEN ROSEN