Summertime may be officially here, but we are a long way from the dog days. This week, the Seattle biotech desk had reports on cancer drugs, drug discovery tools, and antibiotics, as well as a few sharp guest editorials. —Seattle Genetics (NASDAQ: [[ticker:SGEN]]) has generated a lot of buzz about its drug candidate, an “empowered … Continue reading “Seattle Genetics’ Dark Horse, Gilead Beats Novartis, Oncothyreon Back in the Saddle, & More Seattle-Area Life Sciences News”
Startup School, Round Two: The 2010 Xconomy Guide to Venture Incubators
A common trait among entrepreneurs is their distaste for working alone. Fortunately, there are programs across the country that aim to surround startups with entrepreneur comrades, seasoned execs, and investors, to provide both community and guidance. We rounded up these programs last year in the inaugural Xconomy Guide to Venture Incubators, and are back again … Continue reading “Startup School, Round Two: The 2010 Xconomy Guide to Venture Incubators”
Extreme Reach Raises $9M More to Improve Distribution and Tracking of Video Ads
Score one for digital video advertising. Extreme Reach, a Needham, MA-based maker of distribution software for video ads, said yesterday it has closed $9 million in Series B financing, made up of $7 million in equity and $2 million in term debt. The round was led by one of the company’s original investors, Village Ventures. … Continue reading “Extreme Reach Raises $9M More to Improve Distribution and Tracking of Video Ads”
Mobile Developers Flocking to Tablets in Wake of iPad’s Launch, Survey Shows
If mobile software developers were reserving judgment about tablet computers as a platform for new apps and services, the events of the last three months—principally, of course, the advent of the iPad—seem to have changed their minds. Developers are stampeding to tablets now, and it’s about more than just the iPad. Mountain View, CA-based Appcelerator … Continue reading “Mobile Developers Flocking to Tablets in Wake of iPad’s Launch, Survey Shows”
Three Ways the Bay Area Can Become a Stronger Place for Cleantech
As the new CEO of a Bay Area energy biotech company coming from a major oil company, I have a bit of an outsider’s view. Here are my suggestions: 1. Understand that not every problem has a quick solution. Years of startups and venture investing in tech companies have conditioned a lot of people to … Continue reading “Three Ways the Bay Area Can Become a Stronger Place for Cleantech”
Fixing the Broken Model: Look Inside Your Company
You know that ominous figure people always talk about, that one staggering number—$1.3 billion these days—that represents the cost to develop and market a drug? It is, to be sure, way too high and unsustainably so. The billions of dollars that have been invested to discover the next generation of blockbusters have, for the most … Continue reading “Fixing the Broken Model: Look Inside Your Company”
Massachusetts Startups Pull in $186M in May; Life Sciences Companies Take the Top Five Deals
Last month was not at all about equality, at least when it came to venture investing. Overall, monthly venture investing totals have remained pretty stable for most of the spring in Massachusetts, hovering around the $200 million neighborhood, based on data provided by private company intelligence platform CB Insights. (That’s only counting deals worth $1 … Continue reading “Massachusetts Startups Pull in $186M in May; Life Sciences Companies Take the Top Five Deals”
Triggit Receives $4,200,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e47a90e-e95e-4a2c-a1fe-422d277bd718&Preview=1 Date 6/24/2010 Company Name Triggit Mailing Address 142 S Van Ness Ave San Francisco, CA 94103 Company Description The company has developed a price comparison tool to assist online shoppers. Website http://www.triggit.com Transaction Type Venture Equity Transaction Amount $4,200,000 Transaction Round Series A Proceeds Purposes The San Francisco-based company said it … Continue reading “Triggit Receives $4,200,000 Series A Round”
IQ Engines Lands $1,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c6b7e02-b901-43af-9d0c-59b65f0cad67&Preview=1 Date 6/24/2010 Company Name IQ Engines Mailing Address 2039 Shattuck Ave. Berkeley, CA 94704 Company Description IQ Engines recognizes and labels photos, monetizing images by matching them to relevant retailers and advertisers. Our image recognition engine is fast, accurate and scalable. We provide image intelligence service via a defined API interface … Continue reading “IQ Engines Lands $1,000,000 New Round”
GetJar Networks Garners $11,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b387baf-8c9e-46d6-9843-5e704954a1f3&Preview=1 Date 6/24/2010 Company Name GetJar Networks Mailing Address 1500 Fashion Island Blvd. San Mateo, CA 94404 Company Description GetJar is the world’s largest cross platform app store with over a half billion downloads to date. The company provides more than 50,000 mobile applications across all major handsets and platforms to consumers … Continue reading “GetJar Networks Garners $11,000,000 Series B Funding”
Cerimon Pharmaceuticals Receives $1,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa1d7d3f-a721-4fb4-a114-a2419b024345&Preview=1 Date 6/24/2010 Company Name Cerimon Pharmaceuticals Mailing Address 701 Gateway Boulevard South San Francisco, CA 94080 Company Description Cerimon Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to bringing innovative therapeutics to patients with substantial, unmet medical needs. Website http://www.cerimon.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Series A Proceeds … Continue reading “Cerimon Pharmaceuticals Receives $1,000,000 Series A Financing”
Sencha Garners $14,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7a31460-03c9-4568-af4c-dd1dd9f9a62b&Preview=1 Date 6/24/2010 Company Name Sencha Mailing Address 525 University Ave. Palo Alto, CA 94301 Company Description Sencha Touch is the world’s first app framework built specifically to leverage HTML5, CSS3, and Javascript for the highest level of power, flexibility, and optimization. We make specific use of HTML5 to deliver components like … Continue reading “Sencha Garners $14,000,000 New Financing Round”
Alibaba Acquires Vendio for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=59c8c571-a485-4ccf-8b5a-56c7b20f241b&Preview=1 Date 6/24/2010 Company Name Vendio Mailing Address 2800 Campus Drive San Mateo, CA 94403 Company Description As an eBay Certified Provider and the first licensed member of eBay API program, Vendio is the leading provider of services that help merchants to reach consumers, manage transactions, and profitably grow their businesses. Dealio, … Continue reading “Alibaba Acquires Vendio for Undisclosed Sum”
Sneaky Games Garners New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=27187a8c-406a-4619-955a-2ee539af0c46&Preview=1 Date 6/24/2010 Company Name Sneaky Games Mailing Address 13376 Hwy 183 Austin, TX 78750 Company Description Sneaky Games is a independent game studio in Austin, TX that has a history of building great web games. Read more about our current games below and click on the logo or the links to … Continue reading “Sneaky Games Garners New Financing”
On-Ramp Wireless Raises $4.5M
San Diego’s On-Ramp Wireless, which launched its low-cost, long-range wireless networking technology last September, has raised $4.5 million out of a planned $18 million round of equity and debt, according to a recent regulatory filing. On-Ramp CEO Joaquin Silva did not respond right away to an e-mail seeking more information about the company’s fund-raising. On-Ramp, … Continue reading “On-Ramp Wireless Raises $4.5M”
SmartDrive Expands Venture Round
San Diego’s SmartDrive Systems, which uses video recording technology and web-based services to help reduce the operating costs of motor vehicle fleets, says in an amended regulatory filing that it has expanded its targeted funding to $28.5 million. The company, which has more than 350 worldwide employees, disclosed plans in December to raise as much … Continue reading “SmartDrive Expands Venture Round”
DigitalScirocco Nabs $1.1M
Seattle-based digital content and service marketplace DigitalScirocco has raised $1.1 million in an equity financing, according to an SEC filing Tuesday. The company connects website owners looking to republish outside content on their sites to online content owners (such as media organizations) through an automated marketplace. This allows website owners to purchase content they want … Continue reading “DigitalScirocco Nabs $1.1M”
Investment Banking Advisor Points to the Exit for Venture-Backed Startups
Founders of venture-backed startups should be building their business to go public through an IPO, but it is far more likely they will get acquired instead, according to former investment banker Steve Fletcher, who is now a managing director in the San Francisco office of GCA Savvian Advisors. Fletcher, who was a keynote speaker this … Continue reading “Investment Banking Advisor Points to the Exit for Venture-Backed Startups”
Febit Cuts 60 Percent of Staff
Febit, a provider of life sciences research products and services, has cut 60 percent of its work force at its headquarters in Heidelberg, Germany, and U.S. office in Lexington, MA, according to a press release. The cuts come as result of the company’s shift away from DNA sequencing services and increased focus on providing tests … Continue reading “Febit Cuts 60 Percent of Staff”
HP Buys Melodeo for Reported $30-$35M
[Updated and corrected: 2:40 pm] The team behind the nuTsie cloud-based music service, Seattle-based startup Melodeo, has been acquired by Hewlett-Packard, according to a TechCrunch report. The company was reportedly purchased for approximately $30 to $35 million earlier this month, “a source familiar with the deal” told TechCrunch. Melodeo provides an all-in-one music system that … Continue reading “HP Buys Melodeo for Reported $30-$35M”
Greenhorn Connect, Growing Fast, Looks to Continue “Snowball Effect” of Young Tech Entrepreneurs
If you’re a young entrepreneur in the Boston area, you need to know about Greenhorn Connect. It’s a fast-growing resource site that, as its name suggests, connects entrepreneurs, college students, and recent grads with startup jobs, events, guides, and other activities. Greenhorn just launched a new job board last week that aims to help young … Continue reading “Greenhorn Connect, Growing Fast, Looks to Continue “Snowball Effect” of Young Tech Entrepreneurs”
Borders Joins E-Reader Price Wars with Kobo Device, Gift Cards, New Apps, Even A Free Cup of Joe
This isn’t quite the $49 “paperback Kindle” that marketing guru Seth Godin has been urging Amazon to build, but Ann Arbor, MI-based bookseller Borders is firing another shot in the e-reader price wars brought on by the introduction of Apple’s iPad, which scared the bejeezus out of the nascent industry. Borders has announced that it … Continue reading “Borders Joins E-Reader Price Wars with Kobo Device, Gift Cards, New Apps, Even A Free Cup of Joe”
Ceregene Gets $2.5M From Fox Foundation
San Diego-based Ceregene, which is developing gene therapy treatments for Parkinson’s and other ailments, says it is getting $2.5 million from The Michael J. Fox Foundation for Parkinson’s Research. The company says it is conducting a mid-stage study that aims to deliver the neurotrophic factor neurturin to improve the status of degenerating neurons in the … Continue reading “Ceregene Gets $2.5M From Fox Foundation”
Nereus Raises $20M for Cancer Study
San Diego’s Nereus Pharmaceuticals says it has secured as much as $20 million in commitments for additional funding from its existing investors to fund a mid-stage trial of a drug candidate for treating non-small cell lung cancer. The company, which specializes in developing drugs from marine microbes, says it has enrolled 170 patients in its … Continue reading “Nereus Raises $20M for Cancer Study”
Lowe’s Puts $8M into Recurve
San Francisco-based home energy auditing and retrofitting company Recurve, formerly known as Sustainable Spaces, has collected $8.1 million in an equity-based funding round that could eventually total $9 million, according to regulatory documents filed last week. A report today in VentureWire says the investors in the round include the Lowe’s home improvement chain as well … Continue reading “Lowe’s Puts $8M into Recurve”
$33M More for Playdom
VentureWire reports today that Mountain View, CA-based Playdom, maker of popular social games on MySpace and Facebook such as Mobsters and Treetopia, has added $33 million to its original $43 million Series A round, which closed in November 2009. The new funding comes from Bessemer Ventures Partners, New World Ventures, and Steamboat Ventures, according to … Continue reading “$33M More for Playdom”
Ablexis Maps Out New Antibody Drug Strategy with $12M From Third Rock, Pfizer
Antibodies that can zero in on specific diseased cells are some of the biggest-selling and fastest-growing fields in all of biotech. Yet after three decades of R&D, if you talk to people who try to discover these things, they’ll tell you it’s a long and risky slog to get any good candidates for clinical trials. … Continue reading “Ablexis Maps Out New Antibody Drug Strategy with $12M From Third Rock, Pfizer”
Biotech Must Have Predictable Regs, More Capital, More Talented Workers to Thrive
Last week, a group of executives and leaders from state life sciences trade associations across the country, including myself, gathered here in Seattle to discuss the policy landscape at both the federal and state levels. Part of our agenda for the meeting, which took place at Amgen’s Helix campus along Elliott Bay, was to discuss … Continue reading “Biotech Must Have Predictable Regs, More Capital, More Talented Workers to Thrive”
Presage Biosciences, the Fred Hutch Spinoff, Adds CEO, Angel Bucks, Big Pharma Customers
Quite a lot has happened at Presage Biosciences in just a couple months. This Seattle-based company, a spinoff from the Fred Hutchinson Cancer Research Center, has recruited a new CEO, raised another $1 million, found new labs, and snapped up two active contracts from Big Pharma customers. Such are the heady early days for the … Continue reading “Presage Biosciences, the Fred Hutch Spinoff, Adds CEO, Angel Bucks, Big Pharma Customers”
Consumer Genetics Needs More Transparency, Not Excessive Regulation
[Editor’s Note: Daniel MacArthur, a researcher at the Wellcome Trust Sanger Institute in Cambridge, UK, and the author of Genetic Future, co-wrote this post.] Are you ready for consumer genetics? Is your government? Recent announcements of federal investigations into the budding direct-to-consumer (DTC) genetic testing industry suggest that authorities are preparing to increase regulation of … Continue reading “Consumer Genetics Needs More Transparency, Not Excessive Regulation”
Etude on the iPad—A Young Boston Developer Follows the Music to San Francisco
Dan Grover has seen a lot. He’s taken courses through the University of Nebraska in Lincoln and studied at Northeastern University in Boston. He’s had his own independent application development company since 2004. He’s been a staff developer at Boston-based uLocate (now Where) and Palo Alto, CA-based Tapulous. The Mac desktop program he built, ShoveBox, … Continue reading “Etude on the iPad—A Young Boston Developer Follows the Music to San Francisco”
Jackpot Scores $14M, MIT Startup Wins 20K-Euro Prize, Nuance Acquires ShapeWriter, & More Boston-Area Deals News
We saw news of financings for stealthy startups in healthcare and IT, as well as an acquisition in the mobile space, and a business competition prize winner. —Predictive BioSciences raised $25 million in Series C funding, to put towards selling its test for bladder cancer and for developing its diagnostics technology. New investor ProQuest Investments, … Continue reading “Jackpot Scores $14M, MIT Startup Wins 20K-Euro Prize, Nuance Acquires ShapeWriter, & More Boston-Area Deals News”
Sionyx Secures $6,300,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80b5a711-6523-4967-be3f-9d208766a83a&Preview=1 Date 6/23/2010 Company Name Sionyx Mailing Address 100 Cummings Center Beverly, MA 01915 Company Description SiOnyx is excited to be building a team of industry leading scientists and engineers focused on revolutionizing the field of photonics. Website http://www.sionyxinc.com Transaction Type Venture Equity Transaction Amount $6,300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Sionyx Secures $6,300,000 New Round”
Extreme Reach Garners $9,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3adda2d9-f262-487c-b936-f80fed6074f9&Preview=1 Date 6/23/2010 Company Name Extreme Reach Mailing Address 75 2nd Avenue Needham, MA 02494 Company Description Our video advertising technology platform enables advertisers and agencies to manage, execute and track video campaigns across all video mediums (broadcast, cable, online publishing, mobile, VOD). Unlike other platforms, Extreme Reach provides a single-source solution … Continue reading “Extreme Reach Garners $9,000,000 Series B Financing Round”
DigitalScirocco Garners $1,100,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e1ca2ce0-fbee-4628-aa89-dda581df7eb8&Preview=1 Date 6/23/2010 Company Name DigitalScirocco Mailing Address 2101 Fourth Ave. Seattle , CA 98121 Company Description DigitalScirocco, an auction-based marketplace for digital content and services, officially launched at the prestigious DEMO Spring 2010 conference on March 22nd in Palm Desert. DEMO conferences have earned the reputation for consistently identifying tomorrow’s cutting-edge … Continue reading “DigitalScirocco Garners $1,100,000 New Funding Round”
Nereus Pharmaceuticals Receives $20,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1cb2eb05-5233-420d-9dff-69a124cf55ff&Preview=1 Date 6/23/2010 Company Name Nereus Pharmaceuticals Mailing Address 10480 Wateridge Circle San Diego, CA 92121 Company Description Nereus Pharmaceuticals is an innovative drug discovery and development company pursuing untapped sources of chemical diversity. Website http://www.nereuspharm.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Undisclosed Proceeds Purposes Nereus has made significant … Continue reading “Nereus Pharmaceuticals Receives $20,000,000 New Financing”
TrustWave Acquires Breach Security for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f587bba6-d63a-4b77-9353-1596fc3e7f56&Preview=1 Date 6/23/2010 Company Name Breach Security Mailing Address 2141 Palomar Airport Road Carlsbad, CA 92011 Company Description Breach Security, Inc. provides next-generation web application security to protect privileged information. Breach, a leader in the emerging market for Intelligent Web Application Security, addresses todays security needs by delivering solutions for enterprises and … Continue reading “TrustWave Acquires Breach Security for Undisclosed Sum”
ViaCLIX Obtains $3,100,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ab3555bf-e6ef-415f-8879-1e3756f6e813&Preview=1 Date 6/23/2010 Company Name ViaCLIX Mailing Address 16795 Lark Ave Los Gatos, CA 95032 Company Description ViaCLIX’s multi-patented integration of software and hardware merge together the power of television with the depth and scope of the Internet, providing users with a broad range of entertainment and information access directly on their … Continue reading “ViaCLIX Obtains $3,100,000 New Round”
Nimbula Garners $5,750,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b0a4df7d-179f-407a-a54d-59ebb66af700&Preview=1 Date 6/23/2010 Company Name Nimbula Mailing Address 3000 Sand Hill Road Menlo Park, CA 94025 Company Description Nimbula delivers a new class of cloud infrastructure and services system that uniquely combines the flexibility, scalability and operational efficiencies of the public cloud with the control, security and trust of today’s most advanced … Continue reading “Nimbula Garners $5,750,000 Series A Round”
PapayaMobile Garners $4,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=632bdaff-e099-407d-a226-a8045b22013f&Preview=1 Date 6/23/2010 Company Name PapayaMobile Mailing Address Undisclosed Menlo Park, CA 94025 Company Description PapayaMobile provides third party developers with an open-API, cross-platform mobile social networking service (SNS) focusing on social games and virtual goods. Website http://www.papayamobile.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes The company … Continue reading “PapayaMobile Garners $4,000,000 New Financing Round”
NeuroSky Lands $11,800,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4955cf8d-605e-44b0-9c63-ae460addeb30&Preview=1 Date 6/23/2010 Company Name NeuroSky Mailing Address 125 S. Market St. San Jose, CA 95113 Company Description NeuroSky is the worldwide leader in bringing biosensor technology to the consumer mass market. Our well-known partners have utilized our technology to create some of the most exciting products of the year, including Mattel’s … Continue reading “NeuroSky Lands $11,800,000 Series C Funding”
Scientific Conservation Receives $4,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5fd02dad-c9aa-42da-8133-d69b43421e8b&Preview=1 Date 6/23/2010 Company Name Scientific Conservation Mailing Address 2107 Dwight Way Berkeley, CA 94704 Company Description Scientific Conservation (SCI) is revolutionizing energy efficiency and operational accountability for the multi-billion dollar commercial building market with a breakthrough “Automated Continuous Commissioning” (ACC) solution that can help slash annual energy spending 15 – 25%. … Continue reading “Scientific Conservation Receives $4,000,000 Series A Financing”
Heyzap Secures $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7e01d0e-fc33-407d-bc38-a5b7967890c3&Preview=1 Date 6/23/2010 Company Name Heyzap Mailing Address 564 Howard St. San Francisco, CA 94105 Company Description Heyzap allows any website or blog to take the most exciting flash games and put them into their website. This results in the website/blog having increased traffic, user time of site and engagement. When youtube … Continue reading “Heyzap Secures $3,000,000 New Round”
Vringo Receives $11,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=441bec1a-3fc4-4908-8fd3-207710005c15&Preview=1 Date 6/23/2010 Company Name Vringo Mailing Address 85 Fifth Avenue 6th Floor New York, NY 10003 Company Description Vringo (NYSE AMEX: VRNG.UN) is the world’s first video ringtone sharing community. The company is making Personalization 2.0 a reality by enabling users to experience rich media ringtones on a wide variety of … Continue reading “Vringo Receives $11,000,000 New Financing”
SkillSlate Garners $1,100,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c27bd45-8930-4822-8d78-f5b326120a1d&Preview=1 Date 6/23/2010 Company Name SkillSlate Mailing Address 28 W. 27th St. New York, NY 10001 Company Description Our mission is to empower individual service providers to connect directly with consumers who are looking to hire trusted, high quality service providers. Website http://www.SkillSlate.com Transaction Type Venture Equity Transaction Amount $1,100,000 Transaction Round … Continue reading “SkillSlate Garners $1,100,000 New Financing Round”
RGB Networks Acquires RipCode for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3215a27-783e-4406-9e49-606db94bae86&Preview=1 Date 6/23/2010 Company Name RipCode Mailing Address 1130 East Arapaho Road Richardson, TX 75081 Company Description RipCode is an innovative new equipment manufacturer focused on the convergence of Internet-based IP video and the need to re-purpose content amongst a variety of viewing mediums. Website http://www.ripcode.com Transaction Type M&A Transaction Amount Undisclosed … Continue reading “RGB Networks Acquires RipCode for Undisclosed Sum”
Northern Border Security Conference
The Michigan Security Network, a nonprofit organization involving private companies, universities, and opinion leaders advancing the homeland security industry in Michigan, is holding a conference to bring together government, business, and technology leaders to address high-priority challenges in the security field.
Man Charged With Fraud in Draining $7.5M From Angel Investor’s Account
San Diego authorities have charged a 59-year-old man with identity theft, saying he unlawfully transferred $7.5 million from a Deutsche Bank account by posing as the actual account holder—a retired San Diego biotech executive and angel investor who was found dead on June 8. San Diego police also are investigating the death of the executive, … Continue reading “Man Charged With Fraud in Draining $7.5M From Angel Investor’s Account”
RealNetworks Cuts 85 Jobs
Seattle-based RealNetworks (NASDAQ: [[ticker:RNWK]]) said today it is cutting 85 jobs, and eliminating one-fourth of its executive management positions. The reorganization is part of Real’s new strategy to do what it calls “simplify, restructure and grow.” “This reorganization marks a significant milestone in our transformation of RealNetworks,” president and acting CEO Bob Kimball said in … Continue reading “RealNetworks Cuts 85 Jobs”
Tom Ranken, Former WBBA Chief, Named CEO of Washington Clean Tech Alliance
The Washington Clean Technology Alliance (WCTA), a business network founded in 2007 to serve as an advocacy organization for Washington’s clean, green and environmental tech industries, has hired J. Thomas Ranken as its first full time president and CEO. The pick should help strengthen the local cleantech sector, and help the organization garner more support. … Continue reading “Tom Ranken, Former WBBA Chief, Named CEO of Washington Clean Tech Alliance”