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Startup Buzz: The Best Co-Working View in Town

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Veyo provides non-emergency medical transportation and completed its 3 millionth trip in late 2016. Photo courtesy of Veyo

March 14, 2017 Comments (0) Views: 242 Blog, Startup Buzz

Startup Buzz: Veyo Accounts for $7 Million in Medicaid Savings

Plus: Wrapify gets $3 million seed investment

Follow the Money

Wrapify, the north county startup that pays people to wrap their cars in advertisements, just received $3 million in seed funding from Avery Dennison. The investment, from the company that provides the wrapping materials for the advertisements, will be used by Wrapify to expand their engineering and sales teams as well as build additional features. The company currently operates in 42 cities with a team of 42,000 drivers.

 

Veyo Helps Reduce Medicaid Costs

Veyo provides non-emergency medical transportation and completed its three millionth trip in November. The company has seen 40% quarter-to-quarter growth in its first year of operation. One of its goals is to cut into the $5 billion annually that Medicaid spends on transports for 3.6 million economically disadvantaged individuals. Based on recent data, it looks like the company is making headway. After one year, they have accounted for $7 million in cost savings, reduced wait times to 10 minutes from the industry standard of one hour, increased on-time pickup rates, and cut customer complaints.

 

San Diego Cyber Protected

Statescoop.com has an interview with the City of San Diego’s chief information security officer, Gary Hayslip. The former Navy Command information security officer pointed to three key actions that help him keep the city protected. Partnerships and communications within the city, understanding the data, and protecting IoT now are his priorities for managing the risks in our city.

 

Young Entrepreneurs Get Some Attention

San Diego Entertainer Magazine takes a look at three startups you may not have heard about yet. Coffee, networking for women, and healthy food in a convenience store are all part of the story of these young entrepreneurs.

 

Pivots and Opportunities

Silicon Valley-based accelerator Y-Combinator (YC) is breaking down the geographic barrier to sharing its knowledge base. It just launched the Startup School. Applications are due April 5 for startup founders looking for education and mentorship. The “massively open online course” runs 10 weeks and will provide access to current founders/advisors at YC.

 

Be There or Be…

 

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