August 24, 2015
One of the most successful new startups out of the DC area, On Second Thought, has decided to leave the city and make a new home in the Bay Area.
On Second Thought, an app that allows users to undo, edit, or hold texts before they are delivered, has received a lot of attention since they launched in December 2014. The app was the winner of the first ever Women Startup Challenge back in June, and founder Maci Peterson was invited to join MindShare’s class of 2015 as one of 45 CEOs chosen.
“We selected Maci as one of 45 CEOs to participate in MindShare’s Class of 2015, signifying OST as one of the most promising technology companies in the DC metro region. Maci and OST resemble what MindShare is all about: leadership, innovation, and peer collaboration. She is prominent in the DC tech startup community for her entrepreneurial spirit and passion for building companies, and she no doubt has big things ahead.” Says MindShare’s Board of Advisors in a statement.
The startup recently gained the attention of several West Coast investors, which prompted the decision to move. It was a tough decision, but Maci and her team ultimately decided that they could benefit most from the ecosystem out there and that it lends itself better to the consumer tech industry. There’s also more potential for strategic partnerships.
“We have a strong appreciation of the DC tech community, which has invigorated us and allowed us to excel to this point” Founder and CEO, Maci Peterson said in a statement. “We want to express how grateful we are to the tech community for fostering our many achievements. This community has been unbelievably collaborative and has fostered an environment of constant support along with a ‘if one of us wins, we all win attitude.’ We will always be part of DC tech and consider ourselves an extension of the community. OST is ready to take this leap, and position ourselves as an industry leader.”
On Second Thought currently has over 41,000 users in over 175 countries. They have raised $250,000 to date and are currently raising their $1.5M Seed round.
This move can’t help but make me wonder about the future of DC Tech. The DC tech ecosystem, while slowly flourishing, has struggled to get in the national spotlight as a hub of innovation. There are a number of startups, accelerators, and incubators (such as 1776, where On Second Thought worked out of), that are growing and thriving, but to see young startups move out of the area is a bit disheartening. It just shows that DC still has a ways to go before it’s drawing the talent and money the likes of Silicon Valley and NYC.
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