New Texas tech startup rekindles old, but only in a new form
Posted On July 17, 2021
Texas tech company Valley View Technologies has rekindled its once-thriving business by reinventing itself.
“We are going to be building something new, a new ecosystem that is going to have a different model,” said Valley View CEO and co-founder Mike Schmitt in an interview with TechCrunch.
“It’s going to really have a completely different vision, a totally different vision of what a company should be.
It’s going a little bit different than where we were last year.”
The startup has focused on the software and hardware side of its business, including a new cloud-based platform, but its broader goal is to help developers build and deploy software applications.
Schmitt says that Valley View’s focus is to take a “startup way of doing things.”
In order to do that, Schmitt said Valley Watch will start by creating a new type of startup.
In an interview last month, Valley View founder Mike Schmit said the company will focus on the services side of the business, which is why it’s calling its platform “a new kind of cloud.”
That means developers will be able to work from home or anywhere in the world and will be encouraged to build their own applications and integrate with Valley View.
The startup also will offer an online community for developers to collaborate and collaborate.
The startup is also making changes to the way it handles its money.
Schmit explained that the company is now using a combination of cash and equity.
“We’ve been trying to figure out how to use our cash to invest and grow and to make sure that we have a solid long-term plan,” he said.
Schmitt and his co-founders say Valley View is still not ready to release a product, but they are hoping to have something to show investors this year.
In addition to a new platform, Valley Watch also is working on a product that it hopes will help developers better understand their code.
For example, it is building tools to help programmers create their own web apps.
Schmit and his team have also invested in several startups that have been working to improve the state’s tech sector, including Texas-based startup OpenStack and Texas-headquartered startup Cylance.
Schmidt said Valley Streams technology will be built on a core philosophy of openness and collaboration.
“The goal is not just to build a platform, we’re not going to build an app,” he explained.
“What we’re really going to do is make a platform where everyone is sharing information, and that will allow people to share more and build a better solution.
I think that’s really what this platform is all about.”