Draft:History of Technology Companies in Washington, DC: Difference between revisions

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Last edited by Caywood (talk | contribs) 7 months ago. (Update)

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The city of Washington, D.C. emerged as a hub for startup companies in the early 2000s and 2010s under the banner "DC Tech," growing several influential companies. DC Tech is notable for its highly centralized, enthusiastic community of employees and entrepreneurs. In 2012, the DC Tech Meetup was recognized as the world's largest tech meetup^[1] with over 1,000 attendees and over 25,000 members. By 2021, the DC Tech Slack group was notable for having 1,000 weekly active users and over 10,000 users^[2].

In contrast to the nearby Dulles Technology Corridor in Northern Virginia, DC Tech companies typically focus more on information services and B2B sectors with a strong government influence such as education, healthcare, and transportation^[3], and less on B2G sectors like government contracting, defense and cybersecurity.

Some of the earliest tech companies in DC arose in the federally regulated media and telecommunications sectors. Companies like BET and SiriusXM's predecessor were founded in DC by entrepreneurs with experience in satellite communications and cable television. Satellite services provider Intelsat was a intergovernmental consortium with administrative headquarters in DC.

Real estate information provider CoStar Group, was founded in DC in 1987, and its database and analytics tools had become widely used through the real estate industry by the time of its 1998 IPO. Subsequently, it has grown into the world's largest real estate technology company through a series of acquisitions.

In educational technology, learning managment system Blackboard was founded in 1997 and IPOed in 2004, maintaining its headquarters in DC until 2019. Everfi, a DC based educational tech platform, was acquired in 2022.

In e-commerce, LivingSocial launched a daily deals website for local experiences in 2009, grew to 4,500 employees in 2011, and was purchased in 2016 by its leading competitor Groupon. Optoro, founded in 2008, is also a leader in retail returns and reverse logistics.

Many recent DC Tech companies focus on B2B and B2G software. Notable companies include government relations software FiscalNote which IPOed in 2022, digital identity verifier ID.me, event planning software Social Tables (acquired by Cvent), transportation information software company Actionfigure, and mapping software company Mapbox.

References

^ Murphy Jr., Bill (4 May 2012). "Inside the World's Biggest Tech Meetup". Inc. Retrieved 12 December 2023.
^ Althouse, Michaela (7 June 2021). "Inside the growth of the DC Tech Slack". technical.ly. Retrieved 12 December 2023.
^ https://biztechmagazine.com/article/2013/02/1776-washington-dcs-startup-incubator-leads-entrepreneurial-revolution

[1] Murphy Jr., Bill (4 May 2012). "Inside the World's Biggest Tech Meetup". Inc. Retrieved 12 December 2023.

[2] Althouse, Michaela (7 June 2021). "Inside the growth of the DC Tech Slack". technical.ly. Retrieved 12 December 2023.

[3] ttps://biztechmagazine.com/article/2013/02/1776-washington-dcs-startup-incubator-leads-entrepreneurial-revolution

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 {{AfC submission|t||ts=20231211211531|u=Caywood|ns=118|demo=}}<!-- Important, do not remove this line before article has been created. -->
-The city of Washington, D.C. emerged as a [[business cluster|hub for startup companies]] in the early 2000s and 2010s under the banner "DC Tech," growing several influential companies. DC Tech is notable for its highly centralized, enthusiastic community of employees and entrepreneurs. In 2012, the DC Tech Meetup was recognized as the world's largest tech meetup<ref>https://www.inc.com/bill-murphy-jr/inside-the-worlds-biggest-tech-meetup.html</ref> with over 1,000 attendees and over 25,000 members. By 2021, the DC Tech Slack group was notable for having 1,000 weekly active users and over 10,000 users<ref>https://technical.ly/professional-development/dc-tech-slackgrowth</ref>.
+The city of Washington, D.C. emerged as a [[business cluster|hub for startup companies]] in the early 2000s and 2010s under the banner "DC Tech," growing several influential companies. DC Tech is notable for its highly centralized, enthusiastic community of employees and entrepreneurs. In 2012, the DC Tech Meetup was recognized as the world's largest tech meetup<ref>{{cite web |last1=Murphy Jr. |first1=Bill |title=Inside the World's Biggest Tech Meetup |url=https://www.inc.com/bill-murphy-jr/inside-the-worlds-biggest-tech-meetup.html |website=Inc. |access-date=12 December 2023 |date=4 May 2012}}</ref> with over 1,000 attendees and over 25,000 members. By 2021, the DC Tech Slack group was notable for having 1,000 weekly active users and over 10,000 users<ref>{{cite web |last1=Althouse |first1=Michaela |title=Inside the growth of the DC Tech Slack |url=https://technical.ly/professional-development/dc-tech-slackgrowth |website=technical.ly |access-date=12 December 2023 |date=7 June 2021}}</ref>.
 In contrast to the nearby [[Dulles Technology Corridor]] in Northern Virginia, DC Tech companies typically focus more on information services and B2B sectors with a strong government influence such as education, healthcare, and transportation<ref>https://biztechmagazine.com/article/2013/02/1776-washington-dcs-startup-incubator-leads-entrepreneurial-revolution </ref>, and less on B2G sectors like government contracting, defense and cybersecurity.