Starry

Starry

High-speed, affordable internet service provider

About

Starry provides internet services focused on speed, reliability, and simplicity, catering to a diverse clientele from individual households to apartment buildings. The company offers high-speed internet at a lower cost, allowing customers to save around $30 per month compared to other providers. Starry emphasizes exceptional customer service, with easy installation and a risk-free guarantee that allows customers to cancel within the first 30 days for a full refund if not satisfied. Additionally, Starry runs the Starry Connect Program, which aims to provide affordable broadband to families in need, showcasing its commitment to digital inclusion. The company also partners with apartment buildings to expand its reach, generating revenue through monthly subscriptions for its internet services.

Company Stage

IPO

Employees

201-500

Industries

Social Impact, Consumer Goods

Total Funding

$280.1M

Headquarters

Boston, Massachusetts

Founded

2014


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Simplify's Take

What believers are saying

  • Increased demand for fixed wireless access aligns with Starry's cost-effective business model.
  • The rise of smart home devices boosts demand for Starry's robust Wi-Fi solutions.
  • FCC's allocation of high-frequency spectrum offers expansion opportunities for Starry's services.

What critics are saying

  • Starry's Chapter 11 bankruptcy indicates financial instability and potential investment challenges.
  • Exiting the Columbus market suggests difficulties in maintaining strategic partnerships.
  • Reliance on fixed wireless technology faces competition from fiber-optic providers.

What makes Starry unique

  • Starry offers a unique ambient touchscreen Wi-Fi station for easy home network control.
  • The company provides high-speed internet using innovative high-frequency spectrum technology.
  • Starry's social impact initiative, Starry Connect, focuses on digital inclusion for underserved families.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-10%

2 year growth

-33%

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