UV50 Startups to Watch: No. 6 Blue Raven Solar
Founded 2014 City American Fork Employees 400 Industry Solar energy WebsiteBlueRavenSolar.com Founders Ryan Lee, 44; Jeff Lee, 43; Tyson Peschke, 34 The Company A provider of solar energy in the residential market.
YOUNG + HUNGRY
Hello, sunshine. In its short life, Blue Raven Solar has grown to be the No. 11 solar company in the nation (measured by install volume). It did $18 million in revenue in 2016, and has a whole lot of firsts: first company to push the purchase option for solar; first company to push outside of the “Big 6” states in the solar industry; and first company to offer differentiated solar products.
“You know you’re a startup if your office space is lovingly referred to as ‘The Dungeon’ because you don’t know if it’s 10 a.m. or 10 p.m. and there are no windows in your space to give you a hint,” Ryan says.
JUST YOU WAIT — GOALS
1. Be a top 5 solar company in the nation.
2. Be the best direct-sales solar company.
3. Make a meaningful difference in our employees’ and customers’ lives.
FUN FACT, SIR
“A few months back we had a potential shooter in the building (luckily not our company), so we just stayed inside and ordered pizza for 100 people!”
“If you find a way to ramp sales quickly, be ready to scale operations just as fast.”