February 7, 2014
In fact, rapid growth pretty much made the decision for ExitEvent to join forces with American Underground. ExitEvent founder Joe Procopio stated in a blog post:
“I invited 12 founders to the first ExitEvent Startup Social, and 50 showed up. When I first opened up the network, requests came in rushes. When I first put content up on the site, the audience exploded. It was always more than I could handle, and the sacrifice was to keep ExitEvent underpowered.”
Thanks to this acquisition, ExitEvent will be anything but underpowered in the future. American Underground is a thriving business community with two co-working spaces in the RTP, and it’s the perfect place for ExitEvent to grow into its enormous potential.
“Today, American Underground isn’t just about a place for startups to sit,” says Procopio. “It’s a lot more than that. I’m not sure anyone has the exact handle on what it’ll become, but now it has a voice.”
Procopio will still be closely involved with ExitEvent, but the network now has a full-time staff person at the helm, veteran tech reporter Laura Baverman. ExitEvent will remain independent from American Underground operations, but the acquisition will help to put a megaphone on the startup scene that American Underground is nurturing.
In the blog post, American Underground Chief Strategist Adam Klein says:
“We see this as a chance to bring new resources and a spotlight to startups across the region and eventually the state and Southeast, regardless of their affiliation with us. It gives us a chance to bring a unified voice to the Triangle community as we communicate to people across the US and around the world.”
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