Digital signage startup blabfeed was acquired today by the Ponca Tribe of Nebraska, Silicon Prairie News reported.
Founder Keith Fix-Knudsen said that the acquisition of blabfeed opens the tribe up to being commercially competitive, especially when it comes to obtaining the first successful federal government contract in the history of the tribe.
“This deal changes the entire socioeconomic trajectory of the tribe,” said Fix-Knudsen. “(Blabfeed’s) first government contract two years ago was $30,000 and last year alone we did $500,000 in just government contracts.”
Since its founding four years ago, the company has helped activate signage in over 6,600 locations worldwide. In 2016, the startup grew revenue by 270 percent.
Fix-Knudsen was interning at Ho-Chunk Inc. when blabfeed was founded and he said the fast success of his company was not a solo effort.
“It took a village. It took a tribe,” laughed Fix-Knudsen. “The thing that really (made) the biggest difference was the fact that we had the community rally around us.”