TiE Denver Unveils Startup Ranking System
Using venture capital metrics, the organization announced the debut of the Colorado Startup Power Rankings
TiE Denver, the Colorado chapter of nonprofit TiE Global and formerly known as TiE Rockies, announced the creation of its Colorado Startup Power Rankings, a ranking system to assess promising statewide startups. The launch and initial judging session took place at the Propel Pitch event at Denver Startup Week last night at Galvanize (Platte Street), and will be followed by quarterly Power Ranking Socials.
In its re-brand and restructuring, the organization is calling upon community partners to collaborate with local entrepreneurs and investors with a new evaluation method.
"Within our cluttered investor space, there is a huge challenge for investors and entrepreneurs alike to arrive at a reasonably standard approach to ranking companies ready for funding," says Jeff Schell, director of community partnerships with TiE Denver. "
Budding local startups will be assessed and ordered, creating the Colorado Startup Power Rankings. Once organized, the rankings will allow investors – both within and outside TiE – a speedy guide when sourcing investment opportunities. The evaluation will follow a standardized rubric, and the "Power Panel" of three judges will evaluate each startup's presentation according to the scoring rubric. Judges are vetted as TiE Charter Members and qualified officials of a TiE Community Partner.
TiE Denver and Community Partners will celebrate the top 50 companies in the Colorado Startup Power Rankings at a gala event in November.