Access to funders and a readily accessible network of customers, mentors and advisors made St. Louis an attractive startup location for WashU Olin grads and entrepreneurs Andrew Glantz, BSBA ’17, and Marc Bernstein, BSBA ’15.
Both founders shared their reasons for establishing—and keeping—their startups in the St. Louis area in a story in the St. Louis Business Journal‘s entrepreneurship publication INNO last week (registration may be required). Bernstein, 29, is co-founder and CEO of Balto, which provides real-time call guidance software used by contact centers. Glantz, 27, is co-founder and CEO of GiftAMeal. Through its mobile app, GiftAMeal provides meals to people in need each time a user takes a photo at a partner restaurant.
According to the story, Bernstein originally didn’t think about staying in St. Louis, but when establishing a startup, he and his partners were very intentional, considering Washington, DC, Detroit, San Francisco and St. Louis for the location. “We chose St. Louis because it had a super low cost in that we felt like we had the network to get some early traction,” Bernstein told the journal.
An early investor in the St. Louis area, along with restaurant partners in the region, compelled Glantz to keep his company in the region from the get-go. “It’s been really encouraging how the startup scene has grown over the course of the last five to eight years that I’ve been here and started to be involved in it with all the different resources and just the collaborative ecosystem that’s here,” Glantz told the journal.
Read more in “Why 2 startup founders, both transplants from the coasts, decided to build their companies in St. Louis,” from St. Louis INNO.
At top: Andrew Glantz, BSBA ’17, and Marc Bernstein, BSBA ’15. Photos by Dilip Vishwanat, published courtesy of the Business Journal.