A member of San Antonio’s tech ecosystem is beginning to spread its tendrils into other markets.
RealCo – a business-to-business incubator that works with its member software startups for 15 months, one year longer than typical accelerators – announced Thursday the hiring of Richard Grote as its managing director. Grote, who spent the past 18 years growing and mentoring startups, comes to San Antonio from Boulder, Colorado, where he helped build the local startup community.
As managing director, Grote will lead the company and expand RealCo’s presence to Boulder. RealCo partner Chris Saum will work to extend its reach to Austin.
RealCo is headquartered in the Rand Building in downtown San Antonio.
“It will create a situation where we have a network wider than San Antonio,” partner Jenni White said. “It’s a great opportunity for both bringing others here and bringing San Antonians elsewhere.”
RealCo’s seven members all provide business-to-business software as a service, which typically means the software is purchased on a subscription basis and accessed via the web.
White said all of the startups are in the early-seed-round phase, meaning they are securing the initial capital to scale their businesses.
“RealCo is built around the idea that startups today are part of a global ecosystem from day one,” Michael Girdley, founder of RealCo, said in a press release. “Having partners geographically distributed reflects the reality of successful company-building today.”