Learn the pros and cons of early stage seed funding models that have risen up as an alternative to venture capital, at this roundtable discussion put on by the MIT Enterprise Forum of Cambridge. Investors and entepreneurs will discuss what conditions lead to successes or failures for startups that go this route. Registration is here.
Ignite Clean Energy Competition 2010 Kickoff
It’s here: the official launch of this year’s Ignite Clean Energy (ICE) competition, a team-based business plan contest for entrepreneurs in clean energy. Get an overview of what this year’s competition will look like, hear from past competitors, and link up with potential teammates. Register here
TiE LaunchPad Workshop: Elements of Go-to-Market Strategy
Learn what it takes for your startup to take off, in this series of workshops designed to instruct entrepreneurs on the lifecycle of starting a business. This event highlights elements of getting a product to market, such as defining the value proposition and selecting different sales channels. Check out the TiE-Boston website to register.
Sepracor CEO Resigns
Adrian Adams has resigned as the CEO and board member of Marlborough, MA-based drug maker Sepracor (NASDAQ:[[ticker:SEPR]]), according to the company and Japan’s Dainippon Sumitomo Pharma (DSP), which is buying Sepracor. Saburo Hamanaka has become chairman of Sepracor and executive officer of Dainippon. Dainippon, which announced its $2.6 billion buyout of Sepracor in September 2009, … Continue reading “Sepracor CEO Resigns”
Online Video Advertisers: Enough Double Stuf, Time to Get Targeted
What a wonderful world: Thanks to Fox, Comedy Central, and the other TV networks that are generous enough to post the latest episodes from their hit shows online, I can watch all of my favorite episodes on the Web on demand without paying a dime to Comcast (oops, “Xfinity”) for premium cable channels or DVR … Continue reading “Online Video Advertisers: Enough Double Stuf, Time to Get Targeted”
NanoString Chairman Bill Young Scopes Out Diagnostic Future, Considers Bay Area Expansion
Big decisions about the future of NanoString Technologies are in the works. The Seattle-based maker of genetic analysis tools is crafting a strategy to enter the clinical diagnostics market, it expects to hire a permanent CEO within a couple months, and it may establish its headquarters to the San Francisco Bay Area to get the … Continue reading “NanoString Chairman Bill Young Scopes Out Diagnostic Future, Considers Bay Area Expansion”
San Diego Entrepreneurs Exchange Provides Networking, Support for Early-Stage Startups
With hundreds of biotechnology companies and thousands of people employed in life sciences, San Diego has a large, informal network of people with deep knowledge across a wide range of skills. The Torrey Pines mesa, among the densest biotech clusters in the world, “acts like one big biotech incubator,” says Scott Thacher, CEO of Orphagen … Continue reading “San Diego Entrepreneurs Exchange Provides Networking, Support for Early-Stage Startups”
BiddingForGood Aims to Streamline Donation Requests and Boost Charity Auction Pool
Jon Carson describes the newest offering on his website, BiddingForGood.com, as the idea he is most proud of in his “entire startup life.” “It solves a real problem. It makes something efficient,” says Carson, whose previous entrepreneurial efforts include a keg delivery startup he ran while at Babson College, and FamilyEducation Network, a Web portal … Continue reading “BiddingForGood Aims to Streamline Donation Requests and Boost Charity Auction Pool”
Sirtris Founders Resurface with New Fund, Icahn Continues to Make Biotech Waves, Sentillion Bought by Microsoft, & More Boston-Area Life Sciences News
Despite the Presidents Day holiday, it’s been a big life sciences week for us. —A new venture fund is being assembled by the founders of Cambridge, MA-based Sirtris Pharmaceuticals, a developer of treatments for aging-related diseases that went to GlaxoSmithKline for more than $700 million in 2008. Christoph Westphal, Michelle Dipp, and Rich Aldrich have … Continue reading “Sirtris Founders Resurface with New Fund, Icahn Continues to Make Biotech Waves, Sentillion Bought by Microsoft, & More Boston-Area Life Sciences News”
Fluent Mobile Receives $1,250,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=84eab2bf-fb95-46f6-9452-04fa1e43e897&Preview=1 Date 2/19/2010 Company Name Fluent Mobile Mailing Address Ten Post Office Square 8th Floor Boston, MA 02109 Company Description Fluent Mobile, a pioneer in mobile content organization and delivery, develops applications that bring the speed, reliability and convenience of desktop Web browsing to handheld devices. By applying proprietary content relevancy and … Continue reading “Fluent Mobile Receives $1,250,000 New Round”
Vook Secures $2,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0949280b-cce9-4b7b-a8f0-00bdd9b48e09&Preview=1 Date 2/19/2010 Company Name Vook Mailing Address 1100 Marina Village Parkway Alameda, CA 94501 Company Description Vook was created in 2008 by Internet entrepreneur Bradley Inman, with the vision to unite the disparate worlds of books and videos into one complete, blended story. Vook has created an innovative platform where all … Continue reading “Vook Secures $2,500,000 New Funding Round”
Loggly Secures $500,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e84f5358-5d49-4568-86ed-b71e65b54518&Preview=1 Date 2/19/2010 Company Name Loggly Mailing Address 1011 23rd Street San Francisco, CA 94107 Company Description Loggly provides log aggregation, storage, search, alerting, and reporting in a SaaS (software as a service) model for companies who maintain Web based applications. Loggly provides developers with a simple, intuitive, Web based UI, from … Continue reading “Loggly Secures $500,000 Series A Financing”
Nathan Myhrvold Shares Plan to Create Invention Capital Industry, but Skeptics Abound
Intellectual Ventures has been making a lot of waves lately. Today the Bellevue, WA-based firm, focused on the business of invention and patents, laid out its arguments for creating a new industry of “invention capital,” in a Harvard Business Review article penned by CEO and co-founder, Nathan Myhrvold. In a separate piece, the New York … Continue reading “Nathan Myhrvold Shares Plan to Create Invention Capital Industry, but Skeptics Abound”
North End Raises $2.5M, Converts $1.8M of Debt
Robotics and communications startup North End Technologies has raised $2.5 million in new funding and converted $1.8 million in preexisting debt to equity, said company CEO Brad Kayton. The new funding came from previous investors Waltham, MA-based Castile Ventures, company executives, and angel investors, and will be used to take the stealthy Nashua, NH-based company’s … Continue reading “North End Raises $2.5M, Converts $1.8M of Debt”
Hollis-Eden Now Harbor BioSciences
San Diego drug developer Hollis-Eden Pharmaceuticals says it has changed its name to Harbor BioSciences, nearly a year after the company fired Richard Hollis, the biotech’s namesake founder and CEO, for cause unknown. Harbor BioSciences also changed its ticker symbol to (NASDAQ: [[ticker:HRBR]]), saying that shares would begin trading under the new ticker today. The … Continue reading “Hollis-Eden Now Harbor BioSciences”
EveryScape Adds $6M, Eyes Asia
EveryScape announced it has raised $6 million in a Series C funding round led by SK Telecom Americas, a division of Korean mobile operator SK Telecom (NYSE: [[ticker:SKM]]), and joined by return investors Draper Fisher Jurvetson and Dace Ventures. Waltham, MA-based EveryScape, which provides navigable, 360-degree views of metropolitan, suburban, and rural areas, will use … Continue reading “EveryScape Adds $6M, Eyes Asia”
Microsoft-Yahoo Search Deal Approved
Tech giants Microsoft and Yahoo announced today they have received clearance for their search and advertising agreement from U.S. and European regulators. The news means the companies can move forward with their plan to transition Yahoo’s search platforms to Microsoft’s Bing (which should be complete by the end of this year), while Yahoo will handle … Continue reading “Microsoft-Yahoo Search Deal Approved”
Brightcove Attempts to Straddle Front Line in Mobile Video Wars
Brightcove has a problem. The Cambridge, MA-based startup’s Brightcove 4 video hosting platform, which hundreds of publishers use to distribute and monetize Web video on desktop and laptop PCs, was built around Adobe’s Flash Player. But more and more people want to watch videos on their smartphones, and Flash videos won’t play on most mobile … Continue reading “Brightcove Attempts to Straddle Front Line in Mobile Video Wars”
Renewable Energy Investor Says Wind Industry Ripe for Innovation
You could say I blew into the wind power event that Cleantech San Diego organized here last week. The canapés were gone by the time I arrived, but the show was just getting started. I got there in time to hear keynote speaker Jim McDermott of energy investment fund U.S. Renewables Group describe a somewhat … Continue reading “Renewable Energy Investor Says Wind Industry Ripe for Innovation”
Proteostasis, a Rich Boston Biotech with San Diego Ties, Grows to Pursue Diseases of Aging
Just before the financial crisis hit in September 2008, Cambridge, MA-based Proteostasis Therapeutics was fortunate to snag $45 million of initial venture financing to pursue a dream. It has been pretty quiet since then. But behind the scenes, the idea has morphed into a company built to make convenient oral pills for diseases of aging. … Continue reading “Proteostasis, a Rich Boston Biotech with San Diego Ties, Grows to Pursue Diseases of Aging”
RealNetworks, With Narrowed Focus, Seeks to Help Consumers Manage Digital Media Clutter
You might not know it, but you could say RealNetworks is being reborn today. The Seattle-based company (NASDAQ: [[ticker:RNWK]]) is announcing a new version of RealPlayer SP, its signature software for downloading, sharing, and transferring personal videos to smartphones and other devices. The new features include quick video editing—so you can keep just the parts … Continue reading “RealNetworks, With Narrowed Focus, Seeks to Help Consumers Manage Digital Media Clutter”
Another Setback for Cadence, Stimulus Funds Help Fuel Life Sciences Jobs, Tioga Gets More Funding for Drug Trial & More San Diego Life Sciences News
Some local biotechnology companies landed funding deals during the past week. We’ve got that and other highlights below. —Tioga Pharmaceuticals raised $18 million in private equity to fund a late-stage clinical trial of asimadoline, its experimental drug for irritable bowel disorder. —San Diego received $4.95 million of $225 million in stimulus funding awarded nationwide to … Continue reading “Another Setback for Cadence, Stimulus Funds Help Fuel Life Sciences Jobs, Tioga Gets More Funding for Drug Trial & More San Diego Life Sciences News”
Sentillion Sees Brighter Future in Healthcare Software Under Microsoft’s Ownership
Sentillion is no longer one of the little guys on the block. The Andover, MA-based provider of healthcare software announced this month that it officially became a subsidiary of technology giant Microsoft (NASDAQ: [[ticker:MSFT]]), a development that Sentillion founder Robert Seliger says will accelerate adoption of the firm’s software around the globe. Seliger, who had … Continue reading “Sentillion Sees Brighter Future in Healthcare Software Under Microsoft’s Ownership”
Cell Therapeutics Panel Stalled, Medical Device Angels Band Together, Calypso Cuts Side Effects, & More Seattle-Area Life Sciences News
The world knows all too well that we don’t have much snow here in the Pacific Northwest (sorry, Vancouver), but we certainly felt the impact of the East Coast snowstorm here on the biotech beat over the last week. —Seattle-based Cell Therapeutics (NASDAQ: [[ticker:CTIC]]) is waiting a little longer than expected for its judgment day. … Continue reading “Cell Therapeutics Panel Stalled, Medical Device Angels Band Together, Calypso Cuts Side Effects, & More Seattle-Area Life Sciences News”
A Call for Showcase Participants at Xconomy’s March 9 Mobile Madness Forum
Xconomy’s big mobile conference, “Mobile Madness: The New Future of Computing,” is coming up fast, on March 9. But there’s still time to register for a ticket—and if you work for a mobile technology startup and you’d like to join the madness, either live at the event or online, there’s still time to get involved … Continue reading “A Call for Showcase Participants at Xconomy’s March 9 Mobile Madness Forum”
North End Technologies Garners $2,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72184adc-e155-4776-abf9-4ea968261c1d&Preview=1 Date 2/18/2010 Company Name North End Technologies Mailing Address 40 Simon St Nashua, NH 03060 Company Description North End Technologies is a venture backed start up company. We are developing products that will dramatically change how people interact with the world. We are looking for highly motivated, exceptionally talented engineers to … Continue reading “North End Technologies Garners $2,500,000 New Funding Round”
ITT Acquires Nova Analytics Corporation for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ccded30e-44d2-45ee-a717-3a91f6a4e8d9&Preview=1 Date 2/18/2010 Company Name Nova Analytics Corporation Mailing Address 600 Unicorn Park Drive Woburn, MA 01801 Company Description Nova Analytics Corporation is a worldwide supplier and integrator of electrochemistry products. Nova’s industry experienced management offers extensive knowledge in all aspects of analytical markets which includes design, development, manufacturing and integration of … Continue reading “ITT Acquires Nova Analytics Corporation for Undisclosed Sum”
Clicker Lands $11,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eb2c9b71-7d80-49d0-b3b3-de6e89c41430&Preview=1 Date 2/18/2010 Company Name Clicker Mailing Address 6824 Melrose Ave Los Angeles, CA 90038 Company Description Clicker is the complete guide to Internet Television. Our mission is to make it simple for you to find the right show, right now. Website http://www.clicker.com Transaction Type Venture Equity Transaction Amount $11,000,000 Transaction Round … Continue reading “Clicker Lands $11,000,000 Series B Round”
EveryScape Garners $6,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8cf5d66a-0c84-4186-85f0-6af7475f3306&Preview=1 Date 2/18/2010 Company Name EveryScape Mailing Address 716 Main Street Waltham, MA 02451 Company Description EveryScape, Inc. is creating The Real World Online through a visual platform for local search that creates a virtual experience of all metropolitan, suburban and rural areas. EveryScape will ultimately let users share their stories and … Continue reading “EveryScape Garners $6,000,000 Series C Financing”
Bioscience Vaccines Lands New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0296855e-1e71-4055-911a-f115888abb63&Preview=1 Date 2/18/2010 Company Name Bioscience Vaccines Mailing Address Undisclosed West Lafayette, IN 47906 Company Description Bioscience Vaccines, Inc. is an emerging stage, life sciences company with proprietary vaccine development technology. Our technology is based on an abundant, naturally-occurring compound that will make possible great advancements in the fields of prevention and … Continue reading “Bioscience Vaccines Lands New Financing”
Moblyng Obtains $1,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d424427-79dd-4afe-ade5-5345d34dd04d&Preview=1 Date 2/18/2010 Company Name Moblyng Mailing Address PO Box 610088 Redwood City, CA 94061 Company Description Moblyng Games is an innovative social gaming company that builds entertainment experiences spanning multiple platforms. Moblyng Games’ proprietary software allows it to create and launch full-featured interactive entertainment titles on various platforms almost simultaneously. Website … Continue reading “Moblyng Obtains $1,000,000 New Funding”
Moonshoot Secures $6,600,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=76ae721b-eeb7-4353-ba22-adb60198e1f1&Preview=1 Date 2/18/2010 Company Name Moonshoot Mailing Address Undisclosed Palo Alto, CA 94301 Company Description Moonshoot, based in Palo Alto, Calif., will use interactive entertainment to teach children around the world how to learn English as a second language. Website http://www.moonshoot.com Transaction Type Venture Equity Transaction Amount $6,600,000 Transaction Round Undisclosed Proceeds … Continue reading “Moonshoot Secures $6,600,000 New Round”
Yapta, Kayak Team Up in Travel Search
Seattle-based Yapta, the online airfare-tracking service, announced today it has formed a partnership with travel search site Kayak, based in Norwalk, CT. Financial terms of the deal weren’t given, but Kayak will power the flight search engine on Yapta.com, which should give consumers more options in tracking fares and planning travels. Kayak is also interested … Continue reading “Yapta, Kayak Team Up in Travel Search”
Nova Analytics Sale to ITT Provides “Very Good” Outcome for Battery Ventures
The private equity operation of Boston-based Battery Ventures helped buy out Nova Analytics, a Woburn, MA-based maker of lab and field equipment for electrochemical measurements, in 2003. Seven years later, after a string of strategic acquisitions that helped to consolidate the analytic instruments market, Battery has sold Nova to White Plains, NY-based ITT, which says … Continue reading “Nova Analytics Sale to ITT Provides “Very Good” Outcome for Battery Ventures”
How to Win the Future of Social Mobile Gaming: The Z2Live Story
Take two technology areas that Seattle is best known for: mobile and gaming. Mix them together in a fast-growing market (iPhone multiplayer games), put some shrewd venture capital behind it (Madrona Venture Group), and what do you get? Answer: Z2Live. This isn’t two guys in a garage working on their passion. This Seattle startup was … Continue reading “How to Win the Future of Social Mobile Gaming: The Z2Live Story”
San Diego’s Tioga Pharmaceuticals Raises $18 Million to Develop IBS Drug
Tioga Pharmaceuticals, a virtual company based in San Diego with just two fulltime employees, is announcing today it has raised $18 million in private equity to fund a late-stage clinical trial of asimadoline, its experimental drug for irritable bowel disorder. A new investor, Genesys Capital Partners of Toronto, joined current stakeholders Forward Ventures, New Leaf … Continue reading “San Diego’s Tioga Pharmaceuticals Raises $18 Million to Develop IBS Drug”
IEEE Virtual Reality 2010
This conference features researchers and companies in the areas of virtual reality and 3D user interface design innovation. It looks to bring together representatives from Boston’s 50-plus video game companies with those from the virtual reality world to explore the opportunities in the intersection of these two markets. Registration and event information is here.
San Diego-Based Sony Electronics Ready to Talk About 3D And Other Innovations
Sony Electronics usually maintains a low corporate profile at its North American headquarters, even though it ranks among San Diego’s biggest private employers—with roughly 2,000 workers here. That seemed especially true after its corporate parent announced a massive reorganization at this time last year, which included hundreds of Sony layoffs in San Diego. So it … Continue reading “San Diego-Based Sony Electronics Ready to Talk About 3D And Other Innovations”
Cozi CEO Confirms $5M Funding, Affirms Advertising Business Model
Maybe online advertising revenues are coming back—at least in certain markets. That’s what I thought after catching up yesterday with Robbie Cape, the founder and CEO of Seattle-based Cozi. Earlier this week, the family-focused software company disclosed in an SEC filing that it has raised $5 million in new equity funding. The news was first … Continue reading “Cozi CEO Confirms $5M Funding, Affirms Advertising Business Model”
HBS Entrepreneurship Club – Annual Conference 2010
This year’s Harvard Business School Entrepreneurship Club Conference features speakers from retail, energy, and Web startups. The event, entitled “Ideas Unleashed,” also includes panels on how to take a company from idea to operation, and investor and entrepreneur perspectives on the funding process. Register on the conference website.
Internet Video Everywhere: Entrepreneurial Opportunities in Online and Mobile Video
This MIT Enterprise Forum event explores which slices of the Internet video industry present opportunities for entrepreneurs. Learn how content gatherers, technology platforms, and advertising networks are playing a role in the booming market, and what the surge in viewing on the Web means for previous standards in licensing and subscription. Register here.
Revolve Nation Boston Entrepreneurs: Networking & Discussion Group
Meet up with area entrepreneurs and business owners to network, socialize, and share ideas. This member-driven organization comes together regularly to help create a supportive entrepreneurs’ environment. Check out the website and become a member to get details on the location of these meetups.
Technology Icon Ray Stata Gives NABsys a Big Boost in $7M Series B
Ray Stata, the co-founder and chairman of Analog Devices, is arguably the biggest name in semiconductors that Massachusetts has to offer. So it’s noteworthy that Stata’s Stata Venture Partners is leading a $7 million Series B round of venture capital for Providence, RI-based NABsys, which is developing a DNA sequencing technology that relies heavily on … Continue reading “Technology Icon Ray Stata Gives NABsys a Big Boost in $7M Series B”
MPM Collects $140M for Fifth Fund, NEXX Files for IPO, Nuance Advances on Mac Market, & More Boston-Area Deals News
New England’s tech and life sciences firms inked lots of deals in the last week, with the software sector being particularly active. —Advanced RenewableEnergy Company of Nashua, NH, raised $5 million of a $10 million equity round, according to regulatory filings. Nicknamed ARC Energy, the company makes equipment for growing and processing the sapphire crystals … Continue reading “MPM Collects $140M for Fifth Fund, NEXX Files for IPO, Nuance Advances on Mac Market, & More Boston-Area Deals News”
RealNetworks Spins Off Rhapsody, Urban Airship and Swype Raise Cash, Winshuttle Buys A1, & More Seattle-Area Deals News
There were a bunch of small deals in the Northwest this week. Some hot spots were mobile, business software, and alternative fuels. —Portland, OR-based Urban Airship, a mobile software startup, raised $1.1 million in a deal led by True Ventures. Seattle-based Founder’s Co-op also participated in the round. Urban Airship makes infrastructure for mobile messaging … Continue reading “RealNetworks Spins Off Rhapsody, Urban Airship and Swype Raise Cash, Winshuttle Buys A1, & More Seattle-Area Deals News”
Calypso Study Shows Pinpoint Radiation for Prostate Cancer Curbs Side Effects
Calypso Medical Technologies was founded a decade ago on the belief that it could reduce side effects for cancer patients getting radiation treatment. Now the Seattle-based company has the first batch of clinical trial data to prove it. A study of 64 patients who used the Calypso system to track their prostate tumors in real-time … Continue reading “Calypso Study Shows Pinpoint Radiation for Prostate Cancer Curbs Side Effects”
How EcoATM Became San Diego’s Hottest Startup Deal, If I Say So Myself
For a company that was founded by three wireless industry veterans only about a year ago, ecoATM ended 2009 with some pretty impressive results. If there was a yearbook for San Diego startups, you could say we were voted most likely to succeed: Out of more than 100 local start-ups that entered the San Diego … Continue reading “How EcoATM Became San Diego’s Hottest Startup Deal, If I Say So Myself”
Eleven Biotherapeutics Raises $35M, Seeks to Crank the Amplifer Up on Protein Drugs
It’s not every day on the biotech beat that we find a startup has been inspired by the 1984 rock mockumentary “This is Spinal Tap.” But that’s a true story behind the founding of Eleven Biotherapeutics, the latest high-profile startup in the Boston biotech cluster. Cambridge, MA-based Eleven Biotherapeutics is emerging from stealth mode today … Continue reading “Eleven Biotherapeutics Raises $35M, Seeks to Crank the Amplifer Up on Protein Drugs”
Eleven Biotherapeutics Lands $35,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b5b263c-a105-4c0e-92e0-a2124661f81d&Preview=1 Date 2/17/2010 Company Name Eleven Biotherapeutics Mailing Address 790 Memorial Drive Cambridge, MA 02139 Company Description Eleven Biotherapeutics is focused on translating breakthrough discoveries from science and medicine to engineer and develop innovative protein-based therapeutics to improve human health and treat disease. Website http://www.elevenbio.com Transaction Type Venture Equity Transaction Amount $35,000,000 … Continue reading “Eleven Biotherapeutics Lands $35,000,000 Series A Round”
NABsys Secures $7,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c9778c3-c77e-42a3-995e-b617f7c6b946&Preview=1 Date 2/17/2010 Company Name NABsys Mailing Address 349 Eddy St Providence, RI 02903 Company Description NABsys aims to make whole-genome DNA sequencing fast, inexpensive, and accurate enough to be used in clinical care. Our approach builds on existing solid-state technologies to create a whole-genome sequencing technology that employs electronic detection, does … Continue reading “NABsys Secures $7,000,000 Series B Financing Round”