Tag: Matt Wilbanks

New fintech startup RocketOption helps founders get financing faster
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New fintech startup RocketOption helps founders get financing faster

Serial entrepreneur and startup founder Matt Wilbanks has launched RocketOption, a fintech company that gives business owners a fast way to get debt financing options.RocketOption uses your business metrics — revenue, cost of supporting the product, how fast the company is growing — and matches you with lenders interested in financing a startup."There is a new category of lender that have evolved from the venture capital world," Wilbanks said. "Many don’t take equity in the startups they lend to and they provide loans based on the recurring revenue a startup is generating."Software as a Service or SaaS startups can generate millions in revenue but have little in tangible collateral. To address this financing need, venture lenders who issue revenue-based loans have emerg...
SecurityGate.io Series A Funding To Fuel Growth of Its Cyber Risk Assessment Platform
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SecurityGate.io Series A Funding To Fuel Growth of Its Cyber Risk Assessment Platform

SecurityGate.io closed its Series A funding round for an undisclosed amount Tuesday. Houston Ventures, which invests in software for the energy industry, led the capital raise. The funding will help SecurityGate.io scale its predictive cyber risk intelligence platform for companies looking to automate the cybersecurity management of their operational technology (OT).Cybersecurity risk management experts Ted Gutierrez, CEO, and Cherise Esparza, CTO, founded the Houston-based software company in 2017. The SecurityGate.io software platform helps companies in critical industry sectors who must maintain compliance standards and improve risk management efforts. Their software as a service (SaaS) provides an integrated risk management platform designed specifically for the cybersecurity of cr...
HelpSocial Founder Matt Wilbanks Talks About Being Too Early and the Long Game
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HelpSocial Founder Matt Wilbanks Talks About Being Too Early and the Long Game

How do you know when it’s time to shut down your startup?HelpSocial chief executive officer Matt Wilbanks and chief technology officer Robert Collazo decided in late 2019 to close the company after six years of operations.The duo met while working at Rackspace. They developed a platform that collects social media comments into one dashboard to make it easier for companies to track and respond to customer service concerns.They launched their startup in 2014 to help enterprises address customer service issues on social media channels, selling its software to corporate call centers and other large businesses. Over six years and six venture capital raises totaling $3.2 million, a business model pivot, and software as a service (Saas) platform redesign, the founders discovered t...