Baltimore 'deserves the title adtech epicenter': Revolution Ventures Tige Savage - Technical.ly Baltimore

Business

Jan. 21, 2014 11:15 am

Baltimore ‘deserves the title adtech epicenter’: Revolution Ventures Tige Savage

Savage also said, "You can't invent a specialty for a region." But if Baltimore were to seize on one sector of the tech industry, he added, advertising technology would be it, for two big reasons: Advertising.com and Millennial Media.

From left: Betamore cofounder MIke Brenner and Revolution cofounder Tige Savage.

(Photo via Twitter)

Full disclosure: Betamore cofounder Mike Brenner is a partner with Technical.ly Baltimore, which works on occasion from the Federal Hill incubator.

Different groups and people have made the case that Baltimore city should be the capital for edtech companies and startups. Others — most notably, Governor Martin O’Malley — have said Maryland (and, as part and parcel, Baltimore city) ought to be the cybersecurity “epicenter” of the U.S.

Now from Tige Savage: “Baltimore deserves the title adtech epicenter.”

Savage is perhaps best known for his work at the Washington, D.C.-based Revolution LLC, which he cofounded with AOL founder Steve Case in 2005, where he serves as managing director overseeing all Revolution’s venture capital investments, as well as managing partner of Revolution Ventures, the first early-stage investment fund from Revolution backed with $200 million.

Savage was at Betamore on Jan. 16 listening to pitches from local startups before giving an hour-long interview about his work at Revolution and where Baltimore city stands to gain in tech entrepreneurship.

Interestingly, Savage said Revolution doesn’t focus on specific industries so much as it does promising business opportunities. (Whatever that might mean for the fund. Historically, Revolution has invested in companies that are making a slight change to an already existing service. Such was the case with Revolution’s investing in Zipcar: renting vehicles by the hour instead of the by the day.)

Savage also said, “You can’t invent a specialty for a region.” But if Baltimore were to seize on one sector of the tech industry, he added, advertising technology would be it, for two big reasons: Advertising.com and Millennial Media.

Advertisement

Both are online advertising giants. Perhaps more important are the secondary effects of their being situated in Baltimore city.

Still, this is generally how a city or region grows as a hub for tech: a big company has a big exit, and the founders stick around to found spinoff companies, hire new people (ideally from that city or region), and then invest more money and time (again, ideally in that city or region).

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Y in Central Maryland, Google team up for ‘Be Internet Awesome’ workshops for parents

Gov. Hogan creates CISO position for State of Maryland

Socially Determined wins $50K at LifeBridge Health/CareFirst Innovation Challenge

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now

Congressman: ‘No evidence’ that NSA cyberweapon was used in Baltimore

Why LifeBridge Health and CareFirst are collaborating on startup engagement

Protecting passwords: Relatively simple solutions for a big cybersecurity risk

SPONSORED

Baltimore

How SmartLogic accelerated these startups’ product growth trajectories

Baltimore

14 West

Senior Java Software Engineer

Apply Now
Baltimore, MD 21201

14 West

Senior Data Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!