Vecna named a Bostinno Tech Madness 2017 Finalist
By Morgan O’Brien – BostInno Events Coordinator
Tech Madness is our friendly competition to see who the community thinks will be the most valuable tech company in five years. We seed 64 local businesses/startups and put them head-to-head with you, our readers, voting to determine who will move on to the next matchup.
And since we’re one month out from the reveal party, we wanted to answer one big question you’re probably asking: “How does BostInno assemble the bracket?” Today, we’re going to tell you exactly that.
First, we take a look at the whole field. For the past month-and-a-half, we’ve asked you to nominate the companies you think need to be on the bracket. From those nominations, we created our 2017 Tech Madness Finalist list of 150 below. The 64 Tech Madness bracket companies will pull from this list along with a few possible internal picks based on our reporting leading up to the event.
While putting together the bracket, we’re looking for a group that embodies the complete range of Boston Tech, in both industry and stage. So, no, the bracket will not just be a list of the 64 local companies that have raised the most money, hired the most people or generated the most revenue. The bracket will also have a handful of companies that we think could get there in five, 10, 15 years.
Over the next month, we’ll be seeding the 64. Seeding, like last year, is based almost entirely on funding and market cap, although variables such as headcount and growth will be factored in a bit, too.
Seeding is not an editorial statement on how we feel about a company. The bracket only works if companies are seeded 1 through 16 and venture capital is the most accessible, universal metric to use for categorization. It’s also important to note that, outside of the physical placement on the bracket, seeding doesn’t matter.