UV50 Startups to Watch: No. 9 Jarvis Ventures

Facebooktwittergoogle_pluspinterestmail

Founded 2016 City Orem Employees 65 Industry Software Website JarvisVentures.com Founders Mike Tingey, 28; Steve Vincent, 28 The Company A startup incubator that takes ideas and builds them into companies with the use of its software.

YOUNG + HUNGRY

Startup your engines, because this incubator is heating up. Jarvis currently has three sellable offerings: Sahara Development, Olumo and Lightbulb. And in the past year, it went from 10 employees to 65 and $236,000 in revenue to $3.1 million. By the end of this year, it is projected to close on more than $5 million.

SCRAPPY

“You know you’re a startup if when you think it can’t get worse, it does. And … then it gets worse after that,” Tingey says.

JUST YOU WAIT — GOALS

1. 100 employees in FY18.

2. $10 million in revenue in FY18.

3. Launch a self sustaining subsidiary in FY18.

FUN FACT, SIR

“We measure our company size by the number of Chick-fil-A trays we have to order,” Vincent says.

WORK! WORK!

“Innovation requires constraints. Learn to love your constraints and make them work for you,” Tingey says.


Share

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *