For many years, Boston has been known to be one of the smartest cities in America. Home to Harvard, MIT, and other highly regarded colleges, there are few places in the country that are as ripe with talent as this city. As a result, it should be no surprise that Boston is also home to a thriving startup scene.
The startling growth rate of these young businesses has raised the eyebrows of area investors like David Barcomb, making Boston a magnet for venture capital investments. In this article, we will profile some of the hottest startups in this city.
Hopefully, this will give you a little insight into what is making Beantown such an attractive place for entrepreneurs.
We don’t blame you if you haven’t heard of this company, but you should know about them now, as they have grown at a neck-breaking pace over the past three years. In that time, their revenue has grown over 4,000%, a rate that has piqued the interest of just about every venture capitalist in the region.
What industry do they work in? The hopelessly boring field of data collection. Despite the fact that this isn’t exactly the most inspiring business to be in, it has proven to be highly profitable for the founders of HaystackID, who have a rapidly growing list of clients in the local business and legal communities.
Climate change is the defining issue of our time, and while there is much to worry about, the action-oriented entrepreneurs behind Next Step Living have made it their personal mission to do something about it.
An energy company focused on the reduction of carbon emissions and energy bills, they work with homeowners to shrink both their energy bills and their carbon footprint.
They do this by retooling the heating and cooling systems of their customers, optimizing the weatherization in their homes, and by installing solar arrays on their roofs. With total revenues adding up to 101 million dollars in 2015 (a 900% improvement over the previous year), look for this business to continue to achieve big things.
The continuing movement of commerce to the internet has made the effective use of online advertising vital for entrepreneurs. This has opened the door for startups such as Wordstream to offer their expertise to these merchants.
By helping e-commerce people improve their online advertising results through improved PPC efficiency, selling software that optimizes AdSense and social marketing campaigns, and consulting, they have achieved explosive growth in the 2010’s.
With post-secondary education being vital to success in the 21st century, students everywhere are looking for every advantage they can get their hands on. Some have found the one-on-one tutoring they have gotten through PrepNow to be of immense help in achieving their educational goals.
By helping to shore up the grades and SAT scores of their clients, this company has achieved revenue growth of over 790% over a three-year period. However, with its 2014 revenues of 2 million dollars and having landed on the INC 5000 list for the seventh consecutive year, it is not hard to see that they are just getting started.