Intarcia Bets It Will Shake Up Diabetes Treatment With Implantable Device

[Corrected: 11:15 pm Pacific, 11/29/10] Diabetes is supposed to be one of the biggest public health threats facing the U.S. over the next decade, yet if you talk to anybody developing drugs for this chronic disease, times have never been tougher. So how can Kurt Graves, the executive chairman at Hayward, CA-based Intarcia Therapeutics, sound … Continue reading “Intarcia Bets It Will Shake Up Diabetes Treatment With Implantable Device”

The Myth of the “Patent Cliff”

Doctors, patients, and investors who follow the biopharmaceutical business all recognize that the industry is exceedingly complex and in the midst of change. Companies struggle daily with a multifaceted mix of scientific, clinical, and business unknowns. Will a drug be medically effective and make it through clinical trials? Will it get the thumbs up from … Continue reading “The Myth of the “Patent Cliff””

Dinner With Microsoft’s Craig Mundie: On Xbox Kinect, Instantaneous Total Recall, and a More Secretive Culture

I recently had dinner here in the Boston area with Craig Mundie, Microsoft’s chief research and strategy officer. With just one other guest present, it was an unusually personal and far-ranging discussion. Most of the talk was of a general nature—more background than anything else. Still, a few things stuck with me as noteworthy. I … Continue reading “Dinner With Microsoft’s Craig Mundie: On Xbox Kinect, Instantaneous Total Recall, and a More Secretive Culture”

Bizness Apps Obtains New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bd3c625f-332c-4626-80bd-3554d5df0bb6&Preview=1 Date 11/25/2010 Company Name Bizness Apps Mailing Address Undisclosed Chico, CA 95926 Company Description The company provides a service that allows businesses to create iPhone applications easily. Website http://www.biznessapps.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Individual … Continue reading “Bizness Apps Obtains New Financing”

Anacor Pharma Prices IPO at $5 a Share, Down from $16 to $18 Forecast

There is still a bearish market for biotech IPOs, but Palo Alto, CA-based Anacor Pharmaceuticals is the latest company to show that it was willing to plow ahead and accept that sentiment. Anacor (NASDAQ: [[ticker:ANAC]]) said today it agreed to sell 12 million shares at $5 apiece, raising a total of $60 million through its … Continue reading “Anacor Pharma Prices IPO at $5 a Share, Down from $16 to $18 Forecast”

Join the Conversation with Michael Moritz Next Tuesday

I’m getting really excited (and a little nervous, to tell you the truth) about Xconomy’s first big event in San Francisco—my on-stage talk with Michael Moritz, the legendary venture capitalist who led Sequoia Capital’s investments in Google, Yahoo, Flextronics, PayPal, YouTube, Zappos, Kayak, Pure Digital, Green Dot, and many other high-profile technology companies. If you … Continue reading “Join the Conversation with Michael Moritz Next Tuesday”

As 3G Networks Buckle, Ruckus Wireless Sends Smart Wi-Fi to the Rescue

Wi-Fi: it’s the new utility, as crucial to many consumers and businesspeople as electricity and telephones. Wi-Fi chips are built into 800 million new laptops, mobile phones, tablet PCs, printers, video game controllers, and TV set-top boxes every year, and Wi-Fi networks blanket virtually every office, library, airport, hotel, café, and campus. If only Wi-Fi … Continue reading “As 3G Networks Buckle, Ruckus Wireless Sends Smart Wi-Fi to the Rescue”

Q3 Venture Capital Terms: Like a Rolling Stone

For me, the latest venture financing report for the third quarter that ended September 30 brings to mind Bob Dylan’s revolutionary rock ballad, “Like a Rolling Stone.” There is not only a sense of shattered hubris throughout the industry (granted, in some places more than others); there are no clear trends in the analysis of … Continue reading “Q3 Venture Capital Terms: Like a Rolling Stone”

BVI Networks Receives $2,999,950 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=490a5e1b-172f-454f-b0a1-5f0b5c61641c&Preview=1 Date 11/24/2010 Company Name BVI Networks Mailing Address 99 Almaden Boulevard San Jose, CA 95113 Company Description BVI Networks’ RetailNEXT Product Suite is a complete solution that enables retailers and manufacturers to use video, transaction data from business systems, and best in class video analytics algorithms to address some of their … Continue reading “BVI Networks Receives $2,999,950 New Funding Round”

Tasty Labs Obtains New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c57c512b-33f9-487a-8d42-c23f862ecbce&Preview=1 Date 11/24/2010 Company Name Tasty Labs Mailing Address Undisclosed Undisclosed, CA 94300 Company Description The company is developing as yet unspecified Internet software technologies. Website http://www.tastylabs.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes The company will use the funds to develop a new social software service … Continue reading “Tasty Labs Obtains New Financing Round”

Wozniak Sets Blogs Atwitter with Apple-Nuance Remark

[Updated, see below] Proving that he has the power to move markets with an odd aside, Apple co-founder Steve Wozniak sparked rumors this week that Apple is buying Nuance Communications (NASDAQ: [[ticker:NUAN]]), the giant Burlington, MA-based maker of speech recognition software. The source of the speculation is a passing remark in a video interview about … Continue reading “Wozniak Sets Blogs Atwitter with Apple-Nuance Remark”

Foursquare Expands in SF

New York-based Foursquare, maker of mobile apps that enable location-based check-ins and merchant promotions, posted word in its blog yesterday that it’s about to hire a “full team of West Coast engineers,” who will work in a Mission office shared with mobile credit-card processing startup Square, the creation of Twitter co-founder Jack Dorsey. The 35-employee startup’s … Continue reading “Foursquare Expands in SF”

Convergence Forum West: The Life Sciences Leaders Forum

During the second edition of this newly expanded one day program, an invitation-only group of entrepreneurs, executives and investors will be talking about innovation in diagnostics…opportunities in China…next-generation sequencing and computation technology…and the interface between drug and device makers and the consumer. Speakers include James Heywood, Co-Founder, PatientsLikeMe; John Mendlein PhD, Executive Chairman, Fate Therapeutics; … Continue reading “Convergence Forum West: The Life Sciences Leaders Forum”

Drupal Business Summit

From the event website: “The social business revolution is happening. In today’s increasingly interactive marketplace, Drupal enables companies to embrace communities and to harness the power of the social web to deliver real business value. At Acquia, we have seen some highly innovative, creative and business impactful implementations of Drupal that have enabled companies to … Continue reading “Drupal Business Summit”

If the Venture Model is Broken, Who’s Funding All these Startups?

A Dealmaker Media Strategy Series event. From the event description: “Early stage investing is booming and we are finally seeing the kind of exits that show signs of a potential IPO market in our future. What is the new business of investing – startups are getting funded at rapid speeds, if venture is broken, who’s … Continue reading “If the Venture Model is Broken, Who’s Funding All these Startups?”

Medtronic Buys Ardian for $800M Upfront, Grabs Novel Treatment for High Blood Pressure

It didn’t take Ardian long to cash in once it showed the world what it really has come up with for the treatment of high blood pressure. Medical device giant Medtronic (NYSE: [[ticker:MDT]]) said it has agreed to pay $800 million upfront, plus commercial milestone payments through 2015, to acquire Mountain View, CA-based Ardian. Medtronic … Continue reading “Medtronic Buys Ardian for $800M Upfront, Grabs Novel Treatment for High Blood Pressure”

Xconomy Adds Marginize Widget for Social Conversations; Check In for a Chance to Win a Free Event Ticket

There’s a new way to share and discuss your favorite Xconomy articles with your friends on a variety of social-media channels: Marginize. If you’re reading this article on the Xconomy website, you’ll see the new Marginize tab on the far right edge of your browser window. Click on this tab and the Marginize bar will … Continue reading “Xconomy Adds Marginize Widget for Social Conversations; Check In for a Chance to Win a Free Event Ticket”

Forward Into the Breach: Private Practice and Data Security

“The fantastic advances in the field of electronic communication constitute a greater danger to the privacy of the individual.” 1963 quote from Supreme Court Chief Justice Earl Warren. I moderated a panel last week for Xconomy that was focused on consumer-oriented healthcare information technology. The panel included 2 hospital chief information officers (one current, one … Continue reading “Forward Into the Breach: Private Practice and Data Security”

Badgeville Secures $2,500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a5379cb-e198-4f82-a6c8-07cd66497c17&Preview=1 Date 11/23/2010 Company Name Badgeville Mailing Address 1 N Wacker Dr. Palo Alto, CA 94301 Company Description Badgeville is a white label Social Rewards & Analytics Platform We make it easy to increase the loyalty and engagement of your web audience. Website http://www.badgeville.com Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction … Continue reading “Badgeville Secures $2,500,000 New Funding Round”

Broadcom Corporation Acquires Gigle Semiconductor for $75,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=23896846-5e2c-4393-9c8b-358672025cef&Preview=1 Date 11/23/2010 Company Name Gigle Semiconductor Mailing Address 255 Shoreline Drive Redwood City, CA 94065 Company Description Gigle is developing system-on-chip integrated circuits for multimedia home networking using any of the existing wires in the home – the power lines, coaxial cables or phone lines. Such networks will transform the way … Continue reading “Broadcom Corporation Acquires Gigle Semiconductor for $75,000,000”

Concentrix Corporation Acquires Encover for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b9aae0a-05fe-40b7-8835-93aeb4540791&Preview=1 Date 11/23/2010 Company Name Encover Mailing Address 625 Market St. 15th floor San Francisco, CA 94105 Company Description Encover, Inc. is the leading provider of technology-enabled services for marketing, selling and managing service contracts. High technology manufacturers and their channel partners work with Encover’s service marketing and sales experts to transform … Continue reading “Concentrix Corporation Acquires Encover for Undisclosed Sum”

JiWire Acquires NearbyNow for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3896232-2866-4b87-957d-c67e2cd12b2c&Preview=1 Date 11/23/2010 Company Name NearbyNow Mailing Address 1975 W. El Camino Real Mountain View, CA 94040 Company Description NearbyNow, Inc. was founded in 2005 by a management team of industry leaders and online shopping veterans with over 30 years of combined experience in e-commerce, inventory, data mining, emerging technologies, sales, merchandising, … Continue reading “JiWire Acquires NearbyNow for Undisclosed Sum”

Path Debuts, Stipple and PayNearMe Tank Up, Facebook Sends a Message, & More Bay-Area BizTech News

There was way too much news from the Bay-area infotech industry last week for one correspondent to keep up with, so I focused in on just a few key developments, with some help from my colleagues around the Xconomy network. —Path, a San Francisco company co-founded by ex-Facebooker Dave Morin, launched a new photo sharing … Continue reading “Path Debuts, Stipple and PayNearMe Tank Up, Facebook Sends a Message, & More Bay-Area BizTech News”

SolFocus Raises $20M

Mountain View, CA-based SolFocus, a maker of optical concentrators that focus sunlight on arrays of small photovoltaic devices, has raised $20 million out of a potential $50 million in equity-based financing from unnamed backers, according to a regulatory filing. SolFocus previously raised $77 million in a 2009 Series C round and recently signed a contract … Continue reading “SolFocus Raises $20M”

Reports: Sequoia Leads Tumblr Round

Details continue to emerge about Tumblr‘s reported venture fundraising round. GigaOm first reported on October 27 that the New York-based blogging platform startup was raising money. BusinessInsider reported November 12 that Menlo Park, CA-based Sequoia Capital was leading the round and that Sequoia partner Roelof Botha would join Tumblr’s board, and on November 19 Fortune … Continue reading “Reports: Sequoia Leads Tumblr Round”

StumbleUpon Revs Forward After Exiting eBay; Rivals Facebook As Social Discovery Engine

For a company that’s all about helping people wander the Web and make serendipitous discoveries, San Francisco-based StumbleUpon has been on a remarkably straight path since 2002. That’s not to say the venture-backed company hasn’t gone through big changes. It has: from tiny Firefox add-on maker in Calgary, Alberta, to angel-funded SoMa startup, to eBay … Continue reading “StumbleUpon Revs Forward After Exiting eBay; Rivals Facebook As Social Discovery Engine”

SolFocus Garners $20,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90d1c5e8-6cfa-4964-b19c-05d211c54293&Preview=1 Date 11/22/2010 Company Name SolFocus Mailing Address 510 Logue Avenue Mountain View, CA 94043 Company Description SolFocus develops and markets products that generate electricity using concentrator solar photovoltaics. Website http://www.solfocus.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “SolFocus Garners $20,000,000 New Funding”

Nlyte Software Obtains $12,000,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9e4e4279-83a9-4fb3-8bfb-239b473e71fc&Preview=1 Date 11/22/2010 Company Name Nlyte Software Mailing Address 4040 Campbell Ave. Menlo Park, CA 94025 Company Description nlyte Software (formerly Global DataCenter Management) is a leading provider of data center infrastructure management (DCIM) solutions. We offer the most complete, performance-based solution for DCIM, combining next generation software, proven best practices, and … Continue reading “Nlyte Software Obtains $12,000,000 Series C Funding”

Yardsellr Garners $5,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d781f7b-141b-41e9-be39-3e046fb9af40&Preview=1 Date 11/22/2010 Company Name Yardsellr Mailing Address 116 Hamilton Ave. Palo Alto, CA 94301 Company Description The company operates a social commerce site on Facebook. Website http://www.Yardsellr.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Accel Partners … Continue reading “Yardsellr Garners $5,000,000 Series A Financing Round”

Stoke Obtains $15,961,730 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea1e06c6-7c42-4825-a783-f3b550104929&Preview=1 Date 11/22/2010 Company Name Stoke Mailing Address 5403 Betsy Ross Dr. Santa Clara, CA 95054 Company Description The Stoke Session Exchange (SSX) is the industry’s first multi-access convergence gateway designed since inception for stateful management of tens of thousands of secure, reliable, high-quality subscriber sessions over multiple network access types including … Continue reading “Stoke Obtains $15,961,730 New Financing Round”

Medtronic Acquires Ardian for $800,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17bb26d1-eff2-4988-a9a8-bd21646bfa58&Preview=1 Date 11/22/2010 Company Name Ardian Mailing Address 1810A Embarcadero Road Palo Alto, CA 94303 Company Description Ardian is in development on a congestive heart failure medical device. Website http://www.ardian.com Transaction Type M&A Transaction Amount $800,000,000 Transaction Round Proceeds Purposes M&A Terms The agreement calls for Medtronic to make an up front … Continue reading “Medtronic Acquires Ardian for $800,000,000”

Minerva Surgical Receives $2,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c20a3a7a-b6f7-48aa-ac0b-34e762701708&Preview=1 Date 11/22/2010 Company Name Minerva Surgical Mailing Address 20195 Stevens Creek Boulevard Cupertino, CA 95014 Company Description Minerva Surgical Inc. is a medical device start-up company based in the Silicon Valley in Cupertino CA. The company’s efforts are focused on women’s healthcare. Currently Minerva Surgical’s development projects are aimed at delivering … Continue reading “Minerva Surgical Receives $2,000,000 New Funding”

Calling All Entrepreneurs: Participate in a UN Survey on Entrepreneurship and Innovation

How do men and women small business owners approach innovation differently? That’s one of the questions the United Nations Conference on Trade and Development is seeking to answer through a six-country study that’s going on as we speak—as one of the organizers of the study, I’m looking for entrepreneurs in the U.S., both male and … Continue reading “Calling All Entrepreneurs: Participate in a UN Survey on Entrepreneurship and Innovation”

Hipmunk Strikes a Deal with ITA, Vudu Hits the PlayStation3, Android Creeps Up on iOS: A Friday News Roundup

It’s been such an action-packed week in the technology world that I ran out of time to tell you about a few interesting local news items. —Cambridge, MA-based ITA Software and Hipmunk, the Y Combinator-backed startup based in San Francisco and founded by Reddit co-founder Steve Huffman and computer-book author Adam Goldstein, announced that they … Continue reading “Hipmunk Strikes a Deal with ITA, Vudu Hits the PlayStation3, Android Creeps Up on iOS: A Friday News Roundup”

Boston Scientific Acquires Sadra for $193M Upfront, Gets Device To Fix Heart Valves

Boston Scientific just made a move into one of the fields of cardiology with growth potential by acquiring Los Gatos, CA-based Sadra Medical. The Natick, MA-based device giant (NYSE: [[ticker:BSX]]) already owns 14 percent of Sadra, and today said it is paying $193 million upfront to acquire the rest of the company, and may shell … Continue reading “Boston Scientific Acquires Sadra for $193M Upfront, Gets Device To Fix Heart Valves”

Tesla Confirms $30M Investment

Panasonic’s $30 million investment in Palo Alto, CA-based Tesla Motors, announced by the company on November 3, has been confirmed in a regulatory document filed today with the Securities and Exchange Commission. The filing reveals that the equity sale took place on November 2, just one day before the public announcement.

Roche Cutting Hundreds of Jobs, Exelixis Shares Soar, Sutro Pockets $36.5M, & More Bay Area Life Sciences News

Quite a few folks at Genentech won’t have so much to be thankful for at this year’s Thanksgiving, as a wave of job cuts swept through South San Francisco. —Roche, the Switzerland-based pharmaceutical giant that took full control of South San Francisco-based Genentech in March 2009, announced a sweeping series of 4,800 job cuts and … Continue reading “Roche Cutting Hundreds of Jobs, Exelixis Shares Soar, Sutro Pockets $36.5M, & More Bay Area Life Sciences News”

Apple TV vs. Roku: Battle of the Set-Top Boxes

Hi, my name is Wade, and it’s been 20 months since I paid for premium cable TV. As longtime Xconomy readers know, I canceled all but my basic cable channels in March 2009. Back then, it was a fairly radical thing to do, but nowadays I run into people all the time who’ve realized that … Continue reading “Apple TV vs. Roku: Battle of the Set-Top Boxes”

Tesla Motors Garners $30,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=596ebc4a-3625-4fc5-bda9-0fee01ecf460&Preview=1 Date 11/19/2010 Company Name Tesla Motors Mailing Address 1050 Bing Street San Carlos, CA 94070 Company Description Tesla Motors (NASDAQ: TSLA.O) was founded in June 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The company currently employs 70 people, including teams … Continue reading “Tesla Motors Garners $30,000,000 New Financing”

Boston Scientific Corporation Acquires Sadra Medical for $386,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f516510-af95-4759-902a-c25f04419dec&Preview=1 Date 11/19/2010 Company Name Sadra Medical Mailing Address 160 Knowles Drive Los Gatos, CA 95032 Company Description Sadra Medical is dedicated to developing innovative new therapies for the treatment of aortic valve disease. By developing minimally invasive alternatives to traditional surgical valve replacement, the company seeks to help improve patient care … Continue reading “Boston Scientific Corporation Acquires Sadra Medical for $386,000,000”

Lionside Secures $1,595,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83899e31-934a-422e-9718-f6a81e2b93b9&Preview=1 Date 11/19/2010 Company Name Lionside Mailing Address 500 3rd St. San Francisco, CA 94107 Company Description The company develops social sports games. Website http://www.lionside.com Transaction Type Venture Equity Transaction Amount $1,595,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

Exelixis Shares Soar on Cancer Results

Exelixis (NASDAQ: [[ticker:EXEL]]), the South San Francisco-based developer of cancer drugs, saw its shares climb 32 percent to $6.23 today after reporting on clinical trial results for its lead product candidate against prostate cancer. The company reported that 19 out of 20 patients who got its experimental XL184 treatment had at least partial clearance of … Continue reading “Exelixis Shares Soar on Cancer Results”

$19M for Altius Education

Waltham, MA-based Charles River Ventures and Boston-based Spark Capital are the lead investors in an $18.6 million Series B venture financing round announced today by San Francisco-based online education provider Altius Education. The company’s premier project is Ivy Bridge College, a collaboration with Tiffin, OH-based Tiffin University. Spark and Seattle-based Maveron coinvested in Altius’s $8 million … Continue reading “$19M for Altius Education”

Marketo Pulls In $25M

Marketo, a San Mateo, CA-based maker of software that helps companies automate the management of e-mail marketing campaigns and other forms of lead generation, said this week it has raised $25 million in Series D funding. Institutional Venture Partners led the round, which was joined by existing investors InterWest Partners, Storm Ventures, and Mayfield Fund. … Continue reading “Marketo Pulls In $25M”

Skyhook Says A Preliminary Injunction Against Google Could Help Level The Playing Field in the Mobile Location-Finding Space

[Updated 11/18/10] After lawyers from Google and Skyhook Wireless convened in court yesterday, a Massachusetts’ Suffolk County Superior Court judge is deliberating whether to prevent the Mountain View, CA-based Internet giant from issuing compatibility standards for its Android mobile phone platform that could largely keep Boston-based startup Skyhook out of the location-finding space. The move … Continue reading “Skyhook Says A Preliminary Injunction Against Google Could Help Level The Playing Field in the Mobile Location-Finding Space”

Stipple Gets $2 Million to Help Web Publishers Bring Images Alive

A San Francisco startup called Stipple has raised $2 million from big-name investors to help make images on the Web more interactive. Specifically, the company wants to help publishers who puts lots of photos online to turn them into gateways to various kinds of interactions, including online purchases. When you think about it, images on … Continue reading “Stipple Gets $2 Million to Help Web Publishers Bring Images Alive”