Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=028c8aae-26f2-4b39-81a6-d26bf667759a&Preview=1 Date 8/4/2012 Company Name Treat Technologies Mailing Address Undisclosed New York, NY Undisclosed Company Description Treatful is the easiest and most convenient way to treat your friends & family with personalized, online gift certificates to their favorite local restaurants. Website http://www.treatful.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes … Continue reading “OpenTable Acquires Treat Technologies for Undisclosed Sum”
Category: New York
SportStream’s App Bottles the Social Media Explosion in Sports
I don’t have much of a head for sports. If you said “ERA” my first thought would be Equal Rights Amendment, not Earned Run Average. And being a cable TV cord-cutter, I never watch televised games. But I do know about iPads, social media, and next-generation-TV technologies. So at the risk of sounding like a … Continue reading “SportStream’s App Bottles the Social Media Explosion in Sports”
Xconomist of the Week: John Reed on Sanford-Burnham’s Drug Pipeline
In the decade since John Reed stepped in as chief executive, San Diego’s Sanford-Burnham Medical Research Institute has basically doubled in size. The nonprofit research facility has added a campus in Orlando, FL, the full-time faculty has grown from 52 to 89, and the overall staff has increased from 520 to 1,200. Today the institute … Continue reading “Xconomist of the Week: John Reed on Sanford-Burnham’s Drug Pipeline”
Lua Technologies Lands $2,500,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f772802-a3fc-42b5-b6f3-267407dbc0b2&Preview=1 Date 8/3/2012 Company Name Lua Technologies Mailing Address 900 Broadway New York, NY 10003 Company Description Lua is a young company bringing the best practices of the digital age to mobile workforces. Lua is the ancient Hawaiian martial art of coordination and communication during battle. Hawaiian chiefs believed that awareness and … Continue reading “Lua Technologies Lands $2,500,000 Seed Funding Round”
LocalBonus Secures $900,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57c54bdd-cc87-4c79-b90f-3b7a1f987668&Preview=1 Date 8/3/2012 Company Name LocalBonus Mailing Address 1500 Broadway New York, NY 10036 Company Description LocalBonus allows consumers to use their existing credit & debit cards to automatically earn cash back rewards at local businesses. Consumers connect their existing cards to LocalBonus once, and automatically earn points towards cash back rewards … Continue reading “LocalBonus Secures $900,000 Seed Financing”
Turf Geography Club Secures $600,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00e4d364-d517-45ae-b959-4575274645ef&Preview=1 Date 8/3/2012 Company Name Turf Geography Club Mailing Address Undisclosed New York, NY 10022 Company Description If you follow the cool kids of New York tech on Twitter, you might have noticed a proliferation of tweets about an app called Turf. Today, it’s finally available to the rest of us. Turf, … Continue reading “Turf Geography Club Secures $600,000 Seed Financing”
TechStars Grad Lua Technologies Gets $2.5M from IA Ventures, Angels
New York’s Lua Technologies says it closed on a $2.5 million seed round Wednesday, led by Roger Ehrenberg’s IA Ventures. Lua, a graduate of this spring’s NYC TechStars class, developed a communication and collaboration platform geared for teams of workers who are constantly on the go. Angel investors participating in the seed round include Aaron … Continue reading “TechStars Grad Lua Technologies Gets $2.5M from IA Ventures, Angels”
Enlight Bio’s Knode Advances Social Network for Pharma
Enlight Biosciences, a pharma industry-backed entrepreneurial venture, unveiled its newest portfolio company today, Knode. The Cambridge, MA-based startup, which is developing a LinkedIn-like social networking tool for drug companies, has formed strategic partnerships with AstraZeneca and other industry and academic partners, says David Steinberg, founding CEO of both Enlight and Knode. Enlight was co-founded in … Continue reading “Enlight Bio’s Knode Advances Social Network for Pharma”
Gladstone, Sage Bionetworks Top ‘Best Places to Work’ List
A couple of small West Coast research centers, the J. David Gladstone Research Institutes in San Francisco, and Sage Bionetworks in Seattle, have gotten kudos as the “Best Places to Work” in academia by The Scientist magazine. The 10th annual survey by the magazine found that the Gladstone Institutes, composed of 27 researchers affiliated with … Continue reading “Gladstone, Sage Bionetworks Top ‘Best Places to Work’ List”
Actinium Advances Armed Cancer Drugs, Preps for Wall Street Debut
In the annals of cancer medicine, radiation has a long and distinguished reputation as a potent weapon. But like all cancer treatments, radiation can cause side effects, because it attacks healthy cells, as well as diseased ones. In 2000, New York physician David Sheinberg started a company, Actinium Pharmaceuticals, around an idea for making radiation … Continue reading “Actinium Advances Armed Cancer Drugs, Preps for Wall Street Debut”
Coffee Meets Bagel Takes Flash Sales Approach to Online Dating in NY & Boston
New York startup Coffee Meets Bagel is built around some of the biggest themes in online shopping innovation over the last few years: content curation, limited-time events, social recommendations, and daily e-mail communications. But users of its site aren’t browsing the latest deal on a designer bag, vintage home goods, or a haircut. They’re opening … Continue reading “Coffee Meets Bagel Takes Flash Sales Approach to Online Dating in NY & Boston”
Xconomy Xchange: Reinventing Biotech’s Business Model for the Big Apple
The traditional model of biotech entrepreneurship—building full-service companies with discovery, R&D, and marketing under one roof—has proven especially challenging in New York. With wet-lab space scarce and expensive, a dearth of VC funding for early-stage research, and a high cost of living that makes it hard to attract talent, many researchers look elsewhere for entrepreneurial … Continue reading “Xconomy Xchange: Reinventing Biotech’s Business Model for the Big Apple”
Fall Xconomy Xchange to Focus on Reinventing Biotech for the Big Apple
New York City has everything to offer to anyone interested in working in biotech, from top-notch science programs at colleges like Columbia and NYU, to access to top venture capitalists. So why do so many biotech entrepreneurs leave New York? Many fear there’s not enough affordable wet-lab space, or they can’t attract enough scientific talent … Continue reading “Fall Xconomy Xchange to Focus on Reinventing Biotech for the Big Apple”
Universal Display Mines for Opportunities in Fujifilm OLED Patents
In a move to beef up its opportunities, Universal Display Corp. (NASDAQ: [[ticker:PANL]]) in Ewing, NJ plunked down $105 million last week to grab more than 1,200 patents and patent applications for organic LED technology from Fujifilm. Organic LED—OLED for short—is a technology used to create new types of light sources as well as ultrathin … Continue reading “Universal Display Mines for Opportunities in Fujifilm OLED Patents”
The Case for Including Investors on Conference Calls
We are in the middle of a busy earnings season on Wall Street, which for an independent investor like me means listening to a lot of company conference calls. While that admittedly is not always the most exciting way to spend your days and evenings, I would like to relate a story about a novel … Continue reading “The Case for Including Investors on Conference Calls”
Shelby.tv Obtains $2,200,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0a49c4bf-fa42-466e-8173-4b695692ab3d&Preview=1 Date 7/31/2012 Company Name Shelby.tv Mailing Address Union Square New York, NY 10001 Company Description Shelby.tv is a startup that thinks you can have the best of both worlds — it creates a no-hassle stream of video content based on the links your friends have shared on Facebook and Twitter, resulting … Continue reading “Shelby.tv Obtains $2,200,000 Series B Funding”
Blip Lands $3,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e600027-d03e-41c1-a9eb-6578101e6bea&Preview=1 Date 7/31/2012 Company Name Blip Mailing Address 407 Broome St. Fifth Floor New York, NY 10013 Company Description We believe that the world is fundamentally changing as it becomes easier and easier for individuals and small groups of people to create their own video. Our mission is to make this even … Continue reading “Blip Lands $3,000,000 New Financing”
Skift Receives $500,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=13501801-c90f-497f-9f3f-edb30ee6d452&Preview=1 Date 7/31/2012 Company Name Skift Mailing Address Undisclosed New York, NY 10022 Company Description Skift is a travel intelligence media company that will offer news, insight, data, tools, and services to the professionals in travel industry and professional business travelers, to help them make smarter decisions about travel. Website http://www.skift.com Transaction … Continue reading “Skift Receives $500,000 Seed Funding Round”
TS-Associates Acquires Correlix for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3c37db9-6a67-4c87-87ab-443ee9087714&Preview=1 Date 7/31/2012 Company Name Correlix Mailing Address 100 William Street New York, NY 10038 Company Description Correlix was built for high volume, time sensitive transactions. Correlix delivers the ability to discover, trace and optimize complex transaction flows in the underlying heterogeneous distributed data centers. Correlix was uniquely designed for risk free … Continue reading “TS-Associates Acquires Correlix for Undisclosed Sum”
Dendreon Cutting 600 Jobs, Closing NJ Plant As Sales Fall Short
[Updated 3:45 pm PT] Dendreon’s new management team is making some drastic cuts in a bid to keep its cancer immunotherapy business going, after the company stumbled in its early marketing days and now faces an increasingly serious competitive onslaught. The Seattle-based biotech company (NASDAQ: [[ticker:DNDN]]) said today it is cutting 600 jobs full-time and contractor jobs … Continue reading “Dendreon Cutting 600 Jobs, Closing NJ Plant As Sales Fall Short”
The 4G Security Threat for Mobile Developers
We are accustomed to thinking that smartphone safety depends on the habits of the user, but that’s likely to change with the transition to Long-Term Evolution (LTE) architecture, popularly known as 4G. Even the most careful user who never loses a phone, installs security software, and never uses suspicious apps might be more vulnerable than … Continue reading “The 4G Security Threat for Mobile Developers”
TrueOffice Turns Boring Corporate Training Into a Game
It’s the memo every new employee dreads: “We need you to go to a drab, windowless conference room for a half-day session on compliance. During the meeting, we’ll bore you with details about our company’s policies on IT security, sexual harassment, confidentiality, and the like. If you don’t show up, you’ll be fired. Have a … Continue reading “TrueOffice Turns Boring Corporate Training Into a Game”
A Lonely Voice Asking Tough Questions on Cancer Cost-Effectiveness
If a new cancer drug comes out at a price of $100,000 per person, how many patients likely to benefit will actually get it? How many will drain their entire life savings just to make the insurance co-pays? How many people will go bankrupt to stay alive a few more months? How many people will … Continue reading “A Lonely Voice Asking Tough Questions on Cancer Cost-Effectiveness”
A Mouse and Keyboard Don’t Make a Hardware Company
Microsoft is not, and never will be, a hardware company. Please don’t go off saying “what about Xbox or mice and keyboards?” Microsoft does not really want to build and sell hardware. Surface is akin to Google’s Nexus; a ‘north star’ product intended to lead OEMs in the right direction. “With Surface we wanted to … Continue reading “A Mouse and Keyboard Don’t Make a Hardware Company”
Fred Wilson and Dave McClure Talk Apple, Google Tablet Battles
When Dave McClure, founding partner of startup incubator 500 Startups, visits New York he typically tries to stir up the innovation community. Last night was no different. At the tail end of the one-day Smash Summit, McClure brought Fred Wilson, managing partner of Union Square Ventures on stage to chat about what gets each of … Continue reading “Fred Wilson and Dave McClure Talk Apple, Google Tablet Battles”
Not All E-Mails Are Created Equal; SaneBox Knows the Difference
A couple of weeks ago I wrote a column on ways we can work together to restore e-mail sanity. I argued that e-mail overload has a simple cause that’s often overlooked: we’re all sending each other too many messages. We can try all the time-management tricks and software plugins in the book to deal with … Continue reading “Not All E-Mails Are Created Equal; SaneBox Knows the Difference”
Olapic Garners $1,000,000 Seed Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=254236f1-f0e3-4023-9a2d-1287aa9d1902&Preview=1 Date 7/27/2012 Company Name Olapic Mailing Address 72 Allen St. 3rd Floor New York, NY 10002 Company Description Olapic is the premier social photo crowdsourcing service providing brands and publishers with tools to engage their audience and support a strong community built on photo and video sharing. Olapic helps companies grow … Continue reading “Olapic Garners $1,000,000 Seed Round”
Kwaga Acquires Boxcar for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=64cf2270-4742-45d5-a5e2-5ded21f9706e&Preview=1 Date 7/27/2012 Company Name Boxcar Mailing Address 27 W 24th Street New York, NY 10010 Company Description Real-time push notification service Boxcar, currently available on both iOS and Mac OS X. Website http://www.boxcar.io Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were … Continue reading “Kwaga Acquires Boxcar for Undisclosed Sum”
NY Business Expo 2012
This two-day event will bring together 10,000 business owners, 200 exhibitors, 100 startup mentors, and 32 workshops. Speakers include Jeff Bussgang of Flybridge Capital Partners, Nihal Mehta of Local Response, and Carol Roth, author of The Entrepreneur Equation. Register here.
How to Build Great Products
Sports site FanFeedr presents a day-long conference offering strategies for building popular digital products. Speakers include Josh Elman of Greylock Partners, Kevin Kearney of Hard Candy Shell, and Matthew Smith of Shutterstock. The day will include breakfast, lunch, and plenty of time for networking. Register here.
Digital Health Conference 2012
The New York eHealth Collaborative presents two days of speakers and exhibits on the future of IT inovation in healthcare. Speakers include David Brailer, chairman of Health Innovation Partners, Stephen Dubner, author of Freakonomics, and Amy Dixon, nurse blogger for the Visiting Nurse Service of New York. Register here.
Tout’d Puts $1.4M Seed Round toward Updating Recommendation Platform
A plethora of apps and websites try to help users figure out where to shop and eat but New York-based Tout’d believes it has trumped its rivals by focusing on what friends rather than strangers recommend. This month the company announced it raised $1.4 million in a seed round led by Warner Hill Angels. The … Continue reading “Tout’d Puts $1.4M Seed Round toward Updating Recommendation Platform”
Tip or Skip Receives $2,000,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=502573b4-e4a9-497f-b3a7-a40837c52486&Preview=1 Date 7/26/2012 Company Name Tip or Skip Mailing Address 39 West 38th Street New York, NY 10018 Company Description Tip Or Skip is a mobile shopping game. Tip what you like and Skip what you don’t with the flick of a finger. Website http://www.tips.by Transaction Type Venture Equity Transaction Amount $2,000,000 … Continue reading “Tip or Skip Receives $2,000,000 Seed Funding”
Pet Dogs Help Biotech Startups Find New Weapons to Fight Cancer
A few weeks back, a black-and-white terrier mix named Chance entered a clinical trial for a drug that may offer a completely new way to combat cancer—not only in dogs, but in people, too. The drug, made by San Diego-based Genelux, uses a genetically engineered virus to annihilate tumor cells. Genelux made two different versions … Continue reading “Pet Dogs Help Biotech Startups Find New Weapons to Fight Cancer”
WhoSay Garners $12,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fbd998b2-26a9-4667-99e5-f7d86fdb33b4&Preview=1 Date 7/25/2012 Company Name WhoSay Mailing Address 418 Broadway 3rd Floor Albany, NY 12207 Company Description The company is a social networking applications developer. Website http://www.whosay.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Series C Proceeds Purposes WhoSay will use the additional capital for continued U.S. and international expansion … Continue reading “WhoSay Garners $12,000,000 Series C Financing Round”
Vook Puts E-Book Publishing Power in More Hands
Just one year after moving from San Francisco to New York, Vook is enhancing its cloud-based e-book publishing platform this week. Vook, which has made its name by enabling non-techie types to publish their work electronically, is now rolling out features such as an HTML5-based reader that will let many tablets and smartphones pull up … Continue reading “Vook Puts E-Book Publishing Power in More Hands”
Woeful Websites: How to Guarantee Your Startup Won’t Get Funding
You don’t have to work in venture capital to know that many biotech startups are having a difficult time raising money. The economy remains in the tank, and the former Olympic-sized pool of accessible cash now more closely resembles a wading pool. There are an enormous number of reasons why a company will have difficulty … Continue reading “Woeful Websites: How to Guarantee Your Startup Won’t Get Funding”
Scarcity of Samples Threatens Personalized Medicine
Plenty of factors can conspire to slow down progress in molecular diagnostics and personalized medicine. There’s never enough money to run all the experiments scientists can imagine, it’s hard to gather data that squares with traditional medical evidence standards, and society is willing to pay a lot more money for drugs than diagnostics. But there’s … Continue reading “Scarcity of Samples Threatens Personalized Medicine”
Mortar Data Obtains $1,663,254 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42e6cb7c-23d6-4e36-b394-2cce34eadc9d&Preview=1 Date 7/23/2012 Company Name Mortar Data Mailing Address 175 Varick Street 3rd Floor New York, NY 10014 Company Description Mortar makes Hadoop easy. If you’re sitting on a pile of under-utilized data, Mortar can have you up and running in under an hour, with no special training. Website http://www.mortardata.com Transaction Type … Continue reading “Mortar Data Obtains $1,663,254 New Financing Round”
BaubleBar Lands $4,500,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c95a0ebc-15aa-4aaf-84db-9f494cc2aefe&Preview=1 Date 7/23/2012 Company Name BaubleBar Mailing Address 740 Broadway New York, NY 10003 Company Description The company operates a website that offers fashion jewelry at deep discounts for limited periods of time. Website http://www.baublebar.com Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Series A Proceeds Purposes The funds will go … Continue reading “BaubleBar Lands $4,500,000 Series A Round”
Have New York Startups Matured Enough to Train Interns for Tech Jobs?
The crop of companies being born in New York and relocating here has revived the city’s entrepreneurial spirit with the potential to transform the economy. Projects such as Mayor Michael Bloomberg’s plan to establish an engineering campus on Roosevelt Island could help populate the city with more tech-savvy people, but that is still years in … Continue reading “Have New York Startups Matured Enough to Train Interns for Tech Jobs?”
The Slog Continues…
Last week the National Venture Capital Association (where I am on the Executive Committee) and Thomson Reuters announced the 2Q12 fundraising data for venture firms—don’t worry, you are excused if you did not see the results. Not pretty. The data has some potentially troubling implications for entrepreneurs. While the headline looked encouraging with $5.9BN raised … Continue reading “The Slog Continues…”
Privcap Secures Seed Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a20d0314-7f58-4d61-aeeb-77535b31294d&Preview=1 Date 7/20/2012 Company Name Privcap Mailing Address 86 Chambers St. 7th Floor New York, NY 10007 Company Description Privcap is a producer of, and destination for, high-quality content for participants in the global private capital markets. Through videos, podcasts, articles and supporting content, Privcap delivers valuable context for private capital investment, … Continue reading “Privcap Secures Seed Round”
Software Surge Drives Up U.S. Venture Activity—and Top 10 Deals
Overall venture capital activity turned up sharply during the three months that ended June 30, with venture firms investing just over $7 billion in 898 deals throughout the United States, according to the latest MoneyTree survey. The study generally confirms the improving trend in VC activity that was highlighted in the quick take from CB … Continue reading “Software Surge Drives Up U.S. Venture Activity—and Top 10 Deals”
Sermo, After Raising $40M+, Bought by WorldOne For Undisclosed Sum
Cambridge, MA-based Sermo, the provider of an online physician community, announced today that it has been acquired by New York-based healthcare insights company WorldOne. The purchase price of the deal was not disclosed. Sermo has pulled in at least $40 million since being founded in 2005. It raised a $26.7 million Series C round in 2007, … Continue reading “Sermo, After Raising $40M+, Bought by WorldOne For Undisclosed Sum”
Startup Roundtable 16 With John Frankel
New York Entrepreneurs Business Network presents an evening with John Frankel, a partner at ff Capital who has been investing in early stage companies since 1999. Frankel will be interviewed by Andrew Wong, followed by an audience Q&A and networking and beer. Register here.
Investor Feedback Forum
Ultra Light Startups hosts an evening of eight pitches and feedback from VCs. The expert panel will include David Aronoff of Flybridge Capital Partners, Jim Estill of CanRock Ventures, and Weston Gaddy of Bain Capital Ventures. The event will include time for pizza and networking. Register here.
Mark Cuban-backed Condition One Zooms in on New Angles in Video
As much as the camera-loving public enjoys capturing the moment in video, the proverbial “big picture” often gets lost. Sure, there’s a focal point in every scene, but the context of the surroundings may be cut off when played back. Condition One, a graduate of this spring’s TechStars NYC class, developed a platform that can … Continue reading “Mark Cuban-backed Condition One Zooms in on New Angles in Video”
Biotech VCs, in Shadow of Tech, Start Delivering More Hits
A strange thing has happened during an otherwise bleak time for biotech venture capital. Life science venture capitalists are apparently hitting more of their investments out of the park. There were 17 so-called “Big Exits” for investors in privately held biotech companies, and 18 in the medical device business in 2011, the most of any … Continue reading “Biotech VCs, in Shadow of Tech, Start Delivering More Hits”
33Across Garners $13,100,205 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a63fa63-0047-4518-bb47-0e982f9f6285&Preview=1 Date 7/19/2012 Company Name 33Across Mailing Address 229 West 28th Street 12th Fl New York, NY 10001 Company Description 33Across has developed breakthrough technology that uses social graph data to dramatically improve online marketing. Website http://www.33across.com Transaction Type Venture Equity Transaction Amount $13,100,205 Transaction Round Undisclosed Proceeds Purposes 33Across will use … Continue reading “33Across Garners $13,100,205 New Financing Round”