As an entrepreneur, sometimes it doesn’t matter how much money you raised, from whom, or even what your company is building. Sometimes it just matters that you’re alive. Meet Gina Ashe, the co-founder and CEO of stealthy Internet startup Krush, based in Cambridge, MA. She isn’t talking much about her new business yet, but a … Continue reading “Krush Founder Gina Ashe, Survivor of Horrific Car Crash, Has New Lease on Startup Life”
Author: Gregory T. Huang
Inside Project 11 Ventures: A Chat with Katie Rae and Reed Sturtevant
Does the world really need another seed-stage technology investment fund? Maybe not—but Boston entrepreneurs can use all the expertise they can get. That’s where Project 11 Ventures comes into play. In the increasingly crowded field of early-stage tech investing, Project 11, which is co-led by Reed Sturtevant and Katie Rae, is taking a very hands-on … Continue reading “Inside Project 11 Ventures: A Chat with Katie Rae and Reed Sturtevant”
EveryScape and Bing Ramp Up 3-D Virtual Tours in Local Search Results
Here’s an interesting snapshot of a small startup working with a tech giant to change how people check out local establishments on the Web—and also how those establishments advertise online. The startup is Newton, MA-based EveryScape, which creates 3-D panoramic tours of restaurants and other businesses from photos of their interiors. The tech giant is … Continue reading “EveryScape and Bing Ramp Up 3-D Virtual Tours in Local Search Results”
With UW Partnership, Novel Moves a Step Closer to “The Matrix” for Businesses
When we last checked in with Brayden Olson, it was early fall, and the wunderkind co-founder and CEO of Redmond, WA-based videogame startup Novel was busy telling us about his company’s massively multiplayer online game, Empire & State. That was all well and good. But the real intrigue behind Novel is its plan to develop … Continue reading “With UW Partnership, Novel Moves a Step Closer to “The Matrix” for Businesses”
Q&A on Startups and Investing Strategy with Massachusetts Clean Energy Center’s “State Angel” Arif Padaria
It’s tough out there for angel investors and venture capitalists—not to mention entrepreneurs scrambling for money so they can build the next big thing. Nothing surprising there, but it’s especially true in cleantech and energy, where the exit market has not yet matured, and the process of building early-stage companies is as thorny as ever. … Continue reading “Q&A on Startups and Investing Strategy with Massachusetts Clean Energy Center’s “State Angel” Arif Padaria”
Report: Allurent Shuts Down
Cambridge, MA-based Allurent, an online-shopping software startup, has closed down sometime in the past month, according to a report in the Boston Globe. The article says the company was in discussions with a potential acquirer until the end. Xconomy first reported on Allurent back in 2007, when the startup had just closed financing from Polaris … Continue reading “Report: Allurent Shuts Down”
Rive Technology Raises $25M to Help Refineries Squeeze More Fuel Out of Oil
This is one of the bigger cleantech bets around Boston as of late. Cambridge, MA-based Rive Technology said today it has scored $25 million in Series C financing led by new investor Blackstone Group. Rive’s existing investors Charles River Ventures, Advanced Technology Ventures, and Nth Power also participated in the round, which brings Rive’s total … Continue reading “Rive Technology Raises $25M to Help Refineries Squeeze More Fuel Out of Oil”
Semprus Scores $18M More to Help Improve Medical Devices
It’s a big day for a local MIT spinoff. Cambridge, MA-based Semprus BioSciences said it has closed $18 million in Series B equity financing, led by new investors SR One (the venture capital arm of drug giant GlaxoSmithKline) and Foundation Medical Partners. Existing investors 5AM Ventures and Pangaea Ventures also participated in the round, which … Continue reading “Semprus Scores $18M More to Help Improve Medical Devices”
5×5 Big Ideas Forum: Photo Gallery
Thanks again to all who helped make Xconomy’s “5×5: Five Cities, Five Big Tech Ideas” forum a smash hit this week. I wrote up a quick recap with a few takeaways from the event here. Now it’s time for the pictures. We heard keynote talks from Boston-area innovation stalwarts Bill Warner and Bob Metcalfe (the … Continue reading “5×5 Big Ideas Forum: Photo Gallery”
Bob Metcalfe Isn’t Leaving, Bill Warner Turns the Tables, Kiva Is Profitable, and Other Takeaways From 5×5
We had such a great time at our “5×5” Xconomy Forum yesterday, I just wanted to share a few thoughts from the talks and discussions. I think it was very useful and entertaining stuff, especially for entrepreneurs and investors. First, a note of thanks to all our participants, several of whom flew into frigid Boston … Continue reading “Bob Metcalfe Isn’t Leaving, Bill Warner Turns the Tables, Kiva Is Profitable, and Other Takeaways From 5×5”
Launchpad Venture Group and Race Point Merge to Form New Angel Investor Group
There’s a new organization of angel investors in town. Well, sort of. The new entity is being announced today as the merger of two existing Boston-area angel groups—Launchpad Venture Group and Race Point Capital Group, which are headed up by tech investors Hambleton Lord and Christopher Mirabile, respectively. Lord and Mirabile will co-lead the combined … Continue reading “Launchpad Venture Group and Race Point Merge to Form New Angel Investor Group”
Intellectual Ventures Files First Patent Lawsuits Against Nine Firms Including McAfee, Symantec
Bellevue, WA-based Intellectual Ventures said today it has filed three patent infringement lawsuits against a total of nine companies in three different technology sectors—software security, memory, and integrated circuits. The suits were filed in federal court in Delaware, where Intellectual Ventures is a registered entity. The amount of monetary damages the company is seeking was … Continue reading “Intellectual Ventures Files First Patent Lawsuits Against Nine Firms Including McAfee, Symantec”
Beyond 5×5: Five More Boston Startups You Should Know
We’re all gearing up for one of Xconomy’s biggest events of the year—today’s “5×5: Five Cities, Five Big Tech Ideas” forum, which is sold out. But I wanted to shine a little light on five other Boston-area companies I’ve been hearing about lately in my discussions with entrepreneurs and investors around town. Frankly, it’s impossible … Continue reading “Beyond 5×5: Five More Boston Startups You Should Know”
Google, Amazon Play Catch-Up in Group Buying: Analysis and Reactions from BuyWithMe, Tippr
In the Wild West of group-buying and daily-deals sites, there’s about to be a major showdown. Investors have been talking about consolidation in this sector for a while now—and it looks like that’s where things are headed. But not without a few curveballs first. Last week, Google (NASDAQ: [[ticker:GOOG]]) was widely reported to be pursuing … Continue reading “Google, Amazon Play Catch-Up in Group Buying: Analysis and Reactions from BuyWithMe, Tippr”
Widevine Bought by Google as Streaming Video Heats Up
You heard it here first—the rumor, I mean. Now it’s confirmed. Seattle-based Widevine Technologies is being acquired by Google in a deal of undisclosed size. The Mountain View, CA-based search giant (NASDAQ: [[ticker:GOOG]]) said today in a blog post that “Widevine has made on demand services more efficient and secure for media companies, and ultimately … Continue reading “Widevine Bought by Google as Streaming Video Heats Up”
AppStoreHQ Appoints Blanksteen CEO
Seattle-based AppStoreHQ, a mobile software startup, said today it has named Scott Blanksteen the company’s new CEO. Blanksteen, a wireless tech executive who was previously with IceBreaker (and is a member of the Qpass mafia), succeeds co-founder Chris DeVore from Founder’s Co-op in the chief executive role. AppStoreHQ helps consumers discover mobile apps for the … Continue reading “AppStoreHQ Appoints Blanksteen CEO”
Punchbowl Throws a Punch, Checking In Is Out, TechStars Boston Changes Guard—Some Tech Tidbits
Another busy week in Boston-area tech news. Here are a few items I didn’t have a chance to properly digest yet: —Startup wars: Punchbowl founder and CEO Matt Douglas stirred the pot a little with a blog post calling out SCVNGR founder Seth Priebatsch for what Douglas considers his self-promotional bravado and unhealthy work-life balance, … Continue reading “Punchbowl Throws a Punch, Checking In Is Out, TechStars Boston Changes Guard—Some Tech Tidbits”
Terrafugia, Aurora Flight Sciences, Metis Design Take Wing in $65M DARPA Program to Design Flying Humvee
OK, a flying Humvee doesn’t sound like a very green vehicle—but the U.S. Defense Advanced Research Projects Agency isn’t interested in green. DARPA is interested in improving the safety and lethality of U.S. troops in dangerous environments. And it is willing to pay handsomely for it—to the tune of a five-year, $65 million research program … Continue reading “Terrafugia, Aurora Flight Sciences, Metis Design Take Wing in $65M DARPA Program to Design Flying Humvee”
Ember, Rising to Profitability, Wants to Network the Smart Grid—and Home Security Systems
Ember is one of those companies that defies a quick explanation. For starters, it has been around for nine years. And if all goes well, 2010 will be its first profitable one. It has been a long climb for the Boston-based firm, which makes wireless networking technologies that help consumers and utility companies manage home … Continue reading “Ember, Rising to Profitability, Wants to Network the Smart Grid—and Home Security Systems”
Cozi Inks Deals with AOL, Intel, to Reach More Families Trying to Manage Chaos of Daily Life
Big partnerships are often a key to success for startups. Especially one that plays in a crowded consumer tech sector like Cozi, which makes software for helping busy families manage their daily schedules, chores, and activities. The Seattle-based company is announcing some new deals today, ones that could have a substantial impact on its business. … Continue reading “Cozi Inks Deals with AOL, Intel, to Reach More Families Trying to Manage Chaos of Daily Life”
Heartland Robotics Raises $20M More to Develop Helper Robots for Manufacturing
Make no mistake—this is Boston’s big bet on the future of robotics. Cambridge, MA-based Heartland Robotics is announcing today it has raised $20 million in Series B financing led by new investor Highland Capital Partners. New investor Sigma Partners also participated, as did existing investors Charles River Ventures and Bezos Expeditions. All in all, it’s … Continue reading “Heartland Robotics Raises $20M More to Develop Helper Robots for Manufacturing”
Sparkbuy Emerges from Stealth, Unveils Laptop Shopping Site
[Updated 11/30/10 with signup link. See below] Seattle-based Sparkbuy has come out of stealth mode today, rolling out a comparison shopping website for consumer electronics, starting with laptops. The company also confirmed that it raised $1 million last month led by Benaroya Ventures and angel investor Geoff Entress. Sparkbuy’s website is now in closed beta … Continue reading “Sparkbuy Emerges from Stealth, Unveils Laptop Shopping Site”
Why Travel Search Firm Kayak Wants to Go Public Now—Some More Analysis
Last week, the online travel world watched with considerable interest as Kayak, the Norwalk, CT-based travel “meta search” company, filed for a $50 million initial public offering. There has been a lot of debate about how much Kayak is actually trying to raise, how much the company is worth, and why it wants to go … Continue reading “Why Travel Search Firm Kayak Wants to Go Public Now—Some More Analysis”
Gearing Up for 5×5 on Dec. 8 (Five Cities, Five Big Tech Ideas): Here’s the Agenda
Activity in the Boston-area innovation community seems to be picking up steam as we head into the holiday season. We’re getting excited as we gear up for our next Xconomy Forum in Boston on Dec. 8, which is called “5×5: Five Cities, Five Big Tech Ideas.” This is a chance to see, up close and … Continue reading “Gearing Up for 5×5 on Dec. 8 (Five Cities, Five Big Tech Ideas): Here’s the Agenda”
Attachmate Buys Novell for $2.2B—the End of an Era
Novell, the Waltham, MA-based networking and workload management software firm (NASDAQ: [[ticker:NOVL]]), said today it has agreed to be acquired by Seattle-based Attachmate for $2.2 billion in cash. The deal represents a purchase price of $6.10 per share, a 9 percent increase over Novell’s closing stock price on Nov. 19. Novell also said it is … Continue reading “Attachmate Buys Novell for $2.2B—the End of an Era”
Harmonix, Put on the Block by Viacom, Looks for Better Owner—But Who Might That Be?
OK, it sounds like the press has this “Harmonix for sale” thing mostly wrong. At least in terms of what it means for the Cambridge, MA-based company, and the future of its business. Earlier this month, New York-based Viacom (NYSE: [[ticker:VIA]]) announced it has put Harmonix up for sale after losing money on the business … Continue reading “Harmonix, Put on the Block by Viacom, Looks for Better Owner—But Who Might That Be?”
Kayak Files for $50M IPO, Reports Growing Revenues, Profitability
Well, this is an interesting move. Kayak, the online travel search company based in Norwalk, CT, has filed for an initial public offering underwritten by Morgan Stanley, Deutsche Bank Securities, Piper Jaffray, Stifel Nicolaus Weisel, and Pacific Crest Securities. The proposed maximum aggregate offering price is $50 million, a surprisingly small number for a company … Continue reading “Kayak Files for $50M IPO, Reports Growing Revenues, Profitability”
Springpad Overhauls Web App, Aims to Be Your Personal Assistant and Mobile Life Manager
Today is a pretty important day for Jeff Janer and his startup. Charlestown, MA-based Spring Partners is releasing a new version of Springpad, its online notebook service for organizing all the information in your life. (And who doesn’t need that?) What’s more, it could be the make-or-break moment for the startup as it strives to … Continue reading “Springpad Overhauls Web App, Aims to Be Your Personal Assistant and Mobile Life Manager”
Amazon, Elemental Team Up for Video Processing in the Cloud
Seattle-based Amazon Web Services announced today it has introduced a new cloud-computing service based on graphics processing units (GPUs). Portland, OR-based Elemental Technologies is the first company to offer cloud-based services for video transcoding on top of Amazon Web Services. Elemental is going after broadcast and online video customers in its push to become the … Continue reading “Amazon, Elemental Team Up for Video Processing in the Cloud”
EMC Acquires Isilon Systems for $2.25B—Now the Real Work Begins
[Updated 12:30pm ET, see below.] OK, we knew this was coming—it was just a matter of when. Hopkinton, MA-based data storage giant EMC (NYSE: [[ticker:EMC]]) announced today it will acquire Seattle-based Isilon Systems (NASDAQ: [[ticker:ISLN]]) for $2.25 billion in cash. EMC is paying $33.85 per share, a 29 percent increase over Isilon’s previous closing price … Continue reading “EMC Acquires Isilon Systems for $2.25B—Now the Real Work Begins”
Act-On Software Scores $4M from Voyager, USVP
Act-On Software, an online marketing startup based in Beaverton, OR, has raised $4 million in Series B venture financing, co-led by Seattle-based Voyager Capital and Silicon Valley-based U.S. Venture Partners. The startup makes marketing and sales automation software (across Web, e-mail, and social media) for businesses. This is a fast-growing and competitive field. Act-On’s customers … Continue reading “Act-On Software Scores $4M from Voyager, USVP”
TechStars Demo Day Yields 10 New Seattle Startups—and a Lot of Work Ahead
It’s pretty impressive what a few startup teams can accomplish in 90 days with a lot of hard work, mentorship, and late-night Maker’s Mark bourbon-fueled sessions. But their real journey is just beginning—and it will be a long one. That’s my main takeaway from TechStars Seattle’s first “demo day” on Thursday. The seed-stage mentorship program—which … Continue reading “TechStars Demo Day Yields 10 New Seattle Startups—and a Lot of Work Ahead”
Stealth Startups and Acquisition Rumors: Some Tidbits from King of the Web, Sparkbuy, PhotoRocket, Isilon, Widevine, and TechStars
Let’s get caught up on some Seattle tech gossip, shall we? It’s on my mind as I come back to town for the second time in as many weeks. Man, I miss this place and all its back-channel intrigue… —Nick Hanauer of Second Avenue Partners told me a little more about the new social gaming … Continue reading “Stealth Startups and Acquisition Rumors: Some Tidbits from King of the Web, Sparkbuy, PhotoRocket, Isilon, Widevine, and TechStars”
EMC Buys Bus-Tech
Hopkinton, MA-based data storage giant EMC (NYSE: [[ticker:EMC]]) said today it has acquired Bus-Tech, a Bedford, MA, maker of technologies for storing and retrieving data from mainframe tape-based systems. Financial terms weren’t given. Bus-Tech, an existing partner of EMC, will become part of the latter’s Backup Recovery Systems division, which was recently formed from EMC’s … Continue reading “EMC Buys Bus-Tech”
E Ink Gets Colorful, Akamai Loses Netflix, Five Startups Are Hiring, and More Tech Tidbits
This is one of those weeks when it feels like we’ve been overrun by news. Nothing really major, but a lot of things to think about. To get caught up, here’s a sampling of what’s been going on in the Boston tech community today: —E Ink, the technology maker behind many popular e-reader displays, said … Continue reading “E Ink Gets Colorful, Akamai Loses Netflix, Five Startups Are Hiring, and More Tech Tidbits”
Inventor and VC Bob Metcalfe Joins Faculty at University of Texas, Talks About Spurring Innovation by Teaching It
Big news in the New England innovation community today. Bob Metcalfe, an inventor of the Ethernet local-area networking standard, founder of 3Com, partner at Polaris Venture Partners—too many qualifications to list here—is joining the University of Texas at Austin as “professor of innovation” in UT’s engineering school as of January 2011. The news was first … Continue reading “Inventor and VC Bob Metcalfe Joins Faculty at University of Texas, Talks About Spurring Innovation by Teaching It”
EMC’s Acquisition Strategy: New Insights from Data Domain (and Rumored Isilon Deal)
EMC, the data storage giant, has lots of irons in the fire when it comes to innovation. The Hopkinton, MA-based firm (NYSE: [[ticker:EMC]]) pursues an interesting mix of acquisitions and “organic” in-house research and development. A few weeks ago, I spoke with EMC’s chief technology officer, Jeff Nick, about the company’s broader innovation strategy—which can … Continue reading “EMC’s Acquisition Strategy: New Insights from Data Domain (and Rumored Isilon Deal)”
Super Angels Not So Super? Angel Investing Deals Up, But Dollars Down for 2010
For all the fuss about “super angels” and “angels are the new VCs,” a report out this week from the University of New Hampshire says angel investors are putting less money into companies overall, especially at the seed and startup stages, compared with previous years. Of course, there are many factors at play here. The … Continue reading “Super Angels Not So Super? Angel Investing Deals Up, But Dollars Down for 2010”
Bill Warner, Bill Taylor, and Diverse Mix of Startups Highlight “Big Tech Ideas” Roster on Dec. 8
If some is good, more is better. That’s certainly the case for “5×5: Five Cities, Five Big Tech Ideas,” the next Xconomy Forum taking place in Boston. It’s all happening on the afternoon of Dec. 8 at the Fidelity Center for Applied Technology, near South Station. We’ve got some big additions to the lineup. Bill … Continue reading “Bill Warner, Bill Taylor, and Diverse Mix of Startups Highlight “Big Tech Ideas” Roster on Dec. 8″
Practically Green Gets $750K from CommonAngels and Others, Feedback from Consumers and Partners
Boston-based Practically Green, an Internet startup that has been called “Foursquare for green living,” has raised $750,000 in its first round of financing. Lexington, MA-based CommonAngels led the seed round, and about 25 individual investors participated, including John Landry of Lead Dog Ventures, Stephen McDonnell of Applegate Farms, Tom Matlack of The Good Men Project, … Continue reading “Practically Green Gets $750K from CommonAngels and Others, Feedback from Consumers and Partners”
In Cleantech, Who’s Looking for Money, Who’s Hiring, and What’s the Role of Government Financing? Find Out at Clean Energy Conference
It’s “Clean Energy Week” here in Massachusetts—that entails a bunch of events in and around Boston on the theme of alternative energy and cleantech. I’m particularly looking forward to the biggest one, the Sixth Conference on Clean Energy, which is happening tomorrow and Thursday at the Hynes Convention Center. The conference, co-produced by the Massachusetts … Continue reading “In Cleantech, Who’s Looking for Money, Who’s Hiring, and What’s the Role of Government Financing? Find Out at Clean Energy Conference”
Big Opportunity for an “Enterprise Town” in Detroit, Says E-mail Pioneer Nathaniel Borenstein
This could be huge for Michigan’s economic future. No, I’m not talking about today’s gubernatorial election (though that’s important too). I’m talking about something Nathaniel Borenstein told me last week. Borenstein, for those who don’t know, is one of the fathers of modern e-mail (an original designer of MIME, Multipurpose Internet Mail Extensions), and currently … Continue reading “Big Opportunity for an “Enterprise Town” in Detroit, Says E-mail Pioneer Nathaniel Borenstein”
Changing of the Guard: 10 New CEOs in New England Tech, Life Sciences, and Energy
‘Tis the season for new chief executives in the Boston area. In the past month or so, we’ve seen no fewer than 10 newly announced CEOs at technology, life sciences, and cleantech companies. So we thought we’d round them up and look for any interesting patterns. It’s a pretty good mix of public (4) and … Continue reading “Changing of the Guard: 10 New CEOs in New England Tech, Life Sciences, and Energy”
Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer
By his own estimate, Nick Hanauer makes 500 times as much money as me. So why is he angry? Easy. Because it’s looking like Initiative 1098, Washington state’s proposed income tax on people making more than $200,000 a year ($400,000 for couples), probably won’t pass at the polls tomorrow. Hanauer and Bill Gates, Sr. are … Continue reading “Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer”
Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley
None of this would have happened 10 years ago. Where to begin? Last month, I walked into a room of about a dozen robotics experts and technology startup investors. It was one of the sessions at the MassTLC Innovation “unConference” in Boston. The discussion centered around how to build a successful robotics company. But it … Continue reading “Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley”
PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors
Boston-area-based peerTransfer, a financial services software startup, said today it has raised its first financing round from an impressive list of venture capitalists and angel investors. The news was reported by the New York Times and other media outlets. This financing is news because of the core idea and who the investors are, more than … Continue reading “PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors”
LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft
A couple of startup companies set a world aviation record last night. But they were pretty low-key about it. As I walked into the Future of Flight Aviation Center in Mukilteo, WA, a half hour north of Seattle, I saw little activity. It was after hours, and the hangar-like building was nearly deserted except for … Continue reading “LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft”
5×5: Five Cities, Five Big Tech Ideas Coming to Boston on Dec. 8
For entrepreneurs, sometimes the next great Twitter app or IT software package just isn’t enough. Sometimes you need to build something that takes longer than a few months to design and test. Sometimes you need to think big—really big. What are the biggest ideas in technology, and where are they coming from? How will they … Continue reading “5×5: Five Cities, Five Big Tech Ideas Coming to Boston on Dec. 8”
CommonAngels, Moving Into Smaller Seed-Stage Deals, Looks to Drive East Coast “Super Angel” Agenda—Some Reactions
Anyone can say they want to be “Boston’s super angels.” But Chris Sheehan and James Geshwiler are trying to back that up with some action. The managing directors of Lexington, MA-based CommonAngels announced last week they are adding a key new component to their firm’s financing strategy: the ability to invest in a greater number … Continue reading “CommonAngels, Moving Into Smaller Seed-Stage Deals, Looks to Drive East Coast “Super Angel” Agenda—Some Reactions”
ThingMagic-Trimble Deal a “Desired Outcome,” and a Next Stage for RFID and GPS Technologies
Yesterday’s acquisition of Cambridge, MA, technology firm ThingMagic by Silicon Valley-based Trimble (NASDAQ: [[ticker:TRMB]]) left a lot of people in the radio frequency identification (RFID) and location-based tech sectors wanting to know more. I spoke with both companies late in the day to get some answers. Overall it sounds like a fairly standard acquisition that … Continue reading “ThingMagic-Trimble Deal a “Desired Outcome,” and a Next Stage for RFID and GPS Technologies”