Matt Watson scales third startup to exit; shifting full capacity to his tech services company
July 8, 2024 | Nikki Overfelt Chifalu
At Capacity is returning to the company where it all began; the SaaS platform recently sold to CAMP Digital, co-founder and serial entrepreneur Matt Watson confirmed.
Details of the sale were not disclosed, but the exit comes just 16 months after Watson and Meg Stapleton launched At Capacity.
Click here to read more about the exit.
Matt Watson, At Capacity, Full Scale
The catalyst for At Capacity — a smart advertising platform geared toward small business owners who offer home services like plumbing, HVAC, and electrical work — was developed when Watson joined Edina, Minnesota-based CAMP Digital in May 2022 as its EVP of Software Development and worked alongside Stapleton.
“This was a great example of working with an existing company that has ideas but they don’t have the ability to execute on them internally,” Watson explained. “Meg and I were able to partner with CAMP Digital to take their idea and get it to market. We were so successful at it that they decided to buy the company back to keep it as their own strategic advantage in the market.”
“More entrepreneurs should look to partner with existing corporations to help them take their ideas and bring them to market,” he added.
The sale marks the third startup exit for Watson, who is also the co-founder of Full Scale and host of the Startup Hustle podcast. Following the $147 million sale of VinSolutions in 2011, he sold his second venture — the APM solutions startup Stackify LLC — to privately owned Huntington Beach, California-based Netreo in 2021.
Editor’s note: Full Scale is a financial supporter of Startland News. Matt Watson is expected to be featured at Startland News’ next Innovation Exchange event — July 17 at Plexpod Flashcube — as part of a conversation on entrepreneurial expertise. Click here to register.
“It is hard to believe, honestly,” Watson noted. “Successfully creating any kind of tech company is hard. Somehow I have started and exited three SaaS companies, plus I own Full Scale which is doing great with 300 employees.”
“The biggest difference [with At Capacity] was the short timeframe,” he continued, noting the short but productive interlude between its founding and sale.
Watson plans to remain involved in assisting the CAMP Digital team with the At Capacity product, he said, but his primary focus will be on Full Scale — a tech services company that helps client businesses build teams of software engineers.
“I started At Capacity before I knew I was going to buy out my business partner at Full Scale and become the CEO,” he explained.
RELATED: Serial entrepreneur Matt Watson completes strategic buy-out of Full Scale
Featured Business
2024 Startups to Watch
stats here
Related Posts on Startland News
KC Digital Drive summits aim to catalyze engagement with tech, innovation
Area non-profit, government and tech leaders are planning to help broaden community involvement in the Kansas City metro’s innovation ecosystem. Organized by KC Digital Drive, the Gigabit City Summit: Local Edition — set for June 16 at Plexpod Westport Commons — will offer an immersive look into high-profile initiatives such as the Smart City effort and…
KC startups join Techstars, Amazon and Kickstarter to support net neutrality
Amazon, Kickstarter, Etsy, Mozilla and other tech giants are planning a “day of action” on July 12 to oppose efforts to undo net neutrality regulations by Federal Communications Commission chairman Ajit Pai. As national momentum grows, the fight for a free and open Internet already has garnered local support. More than a dozen Kansas City-area…
Flyover Capital leads $1.5M round in Illinois startup
Overland Park-based venture capital firm Flyover Capital has led a $1.5 million Series A round in an Illinois-based tech firm. Flyover led the investment round — which included Serra Ventures and other private investors — in Inprentus Precision Optics, which designs and manufactures X-ray and EUV diffraction gratings for “synchrotron radiation” facilities. The technology is used…
Faster-than-expected visa process helps BLITAB relocate from Austria to KC
Eight months after the Austria-based firm BLITAB won a LaunchKC grant, its co-founders have finally settled into their new home of Kansas City, Mo. BLITAB — a startup that developed the world’s first tablet for blind people — was the only internationally-based firm to win a $50,000 LaunchKC grant in September. But before co-founders Kristina Tsvetanova and Slavi…