Mobile app maker relocates from Colorado to Austin

Jan 19, 2015
Austin Business Journal

Vuevent Inc., a Colorado company that developed a mobile application designed to enable users to both find and monitor events such as concerts, has relocated to Austin

Vuevent, which was founded in 2013, moved here last week so the startup could test its effectiveness in a better place than Boulder, Colorado, CEO Brenton Shafer told Austin Business Journal Friday in an interview. The company employs 11 workers, six of whom are based in Austin

"Austin is just a little bigger market and there's more going on," he said

The company develops a free mobile app that is designed to enable users to first locate events. Then they can post comments and photos in real time to let other people know what's going on. Such data and feedback would be valuable to business owners and event organizers, Shafer said

To date, the application is free and Shafer declined to disclose how Vuevent plans to generate revenue in the future. But the model suggests that the startup could collect the data and eventually market analytics to businesses.Shafer considers his chief competition to be Do512, Austin 360, San Francisco-based Eventbrite Inc. and Facebook Inc 

The company has been funded with $230,000 provided by angel investors and Shafer said he plans to seek a $1 million Series A round of funding from venture capitalists

Shafer, 21, has previously launched three companies: Social Uprising LLC, a social media consultancy, mobile app maker Shafer Derocher LLP and Vuevent, which he founded with college classmate Jimmy Derocher

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