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
Construction tech startup built for the job site, cementing quality data into infrastructure
A veteran Kansas City startup duo’s latest project — Tractics — is set to disrupt an in-demand, yet underserved, market with its construction management platform for heavy civil contractors. “True disruption occurs when behavior changes and I think we found an opportunity to change behavior in a positive way and continue to innovate in a…
Startup founded to save local news acquires Modulist, expanding to obits, classifieds
A fast-growing public notice software platform with Kansas ties this week announced its acquisition of a North Dakota company built to serve publishers with paid celebrations, obituaries, and announcements. Column — founded by Jake Seaton, a fifth-generation member of the Manhattan, Kansas-based Seaton newspaper family — is expected to expand its own platform with the Modulist…
Purina prize earns KC startup a $25K treat in its bid to help foster pets of abuse survivors without safe homes
ST. LOUIS — As a finalist for Purina’s 2024 Pet Care Innovation Prize, Kansas City-built BestyBnB is expected to receive $25,000 and support from the pet care leader as the startup’s co-founders work to grow their business in a $136.8 billion industry. A $25,000 grand prize is on the line this spring. “At Purina, our…
After startup’s failure, founder looks inward to rebuild faith in himself as an entrepreneur
ST. LOUIS — In his first go-round as an entrepreneur, Brad Starnes lost himself in his startup, he shared. This time, the 2021 UMKC Student Entrepreneur of the Year and former Splitsy co-founder is building a startup around authenticity and his own personal brand. “Going into the beginning of 2023, I realized that who I…