Several of New England’s tech and life sciences firms got juicy deals the past week and a half. —Boston’s RunMyErrand, an online clearinghouse where busy people can find helpers for odd jobs, raised $1 million in a Series A venture financing round. The cash, from California investors Baseline Ventures and Maples Investments, will help the … Continue reading “Pulmatrix Pulls in $30.2M, GenArts Gobbles Up Wondertouch, BioVex Bags $30M, & More Boston-Area Deals News”
Alder and New Partner, Bristol, to Give Amgen and Abbott a Run for Their Money
Alder Biopharmaceuticals keeps such a low profile that even after five years in business, few people in Seattle biotech know who they are. That changed yesterday as the private Bothell, WA-based company burst onto the local, and national, biotech scene by striking a deal with Bristol-Myers Squibb that could be worth more than $1 billion … Continue reading “Alder and New Partner, Bristol, to Give Amgen and Abbott a Run for Their Money”
Right Brains Wanted: Sanofi-Aventis Wants to Tap the Creative Genius of Boston-Area Biotechs
Sanofi-Aventis (NYSE: [[ticker:SNY]]) hosted a large event at its R&D site in Cambridge, MA, yesterday to make its pitch for why Boston-area biotech companies should want to form partnerships with the French drug giant. It was an impressive show of force by the company, which has historically kept a lower profile in local biotech circles … Continue reading “Right Brains Wanted: Sanofi-Aventis Wants to Tap the Creative Genius of Boston-Area Biotechs”
HP Acquires 3Com Corporation for $2,700,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94fdfc82-aa60-4f2b-ba0f-1ead93415159&Preview=1 Date 11/11/2009 Company Name 3Com Corporation Mailing Address 350 Campus Drive Marlborough, MA 01752-3064 Company Description Throughout our 30-year history, 3Com has been an innovator in developing networks for global enterprises of all sizes. Since the company’s inception and delivery of its first Ethernet transceiver and adapter, 3Com has consistently offered … Continue reading “HP Acquires 3Com Corporation for $2,700,000,000”
VeloMedix Garners $3,500,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=453db032-5101-4c4f-a80d-a3a192594bbc&Preview=1 Date 11/11/2009 Company Name VeloMedix Mailing Address 280 Susses Street San Francisco, CA 94131 Company Description VeloMedix, Inc. is a therapeutic hypothermia company that safely cools much more rapidly than competitive technologies. Website http://www.velomedix.com Transaction Type Venture Equity Transaction Amount $3,500,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not … Continue reading “VeloMedix Garners $3,500,000 Series A Round”
Stretch Garners $10,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9462b219-d117-4343-a9a3-aff3368f046d&Preview=1 Date 11/11/2009 Company Name Stretch Mailing Address 1322 Orleans Drive Sunnyvale, CA 94089 Company Description Stretch Inc. is delivering a family of software configurable processors, the first to embed programmable logic within the processor. Website http://www.stretchinc.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Undisclosed Proceeds Purposes Bob Beachler, vice … Continue reading “Stretch Garners $10,000,000 New Round”
Playdom Garners $43,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eef3846b-7bd9-424d-8d1d-d9c90199fb17&Preview=1 Date 11/11/2009 Company Name Playdom Mailing Address 100 West Evelyn Avenue Mountain View, CA 94041 Company Description We boast the #1 game on MySpace—Mobsters—and three of the top four applications. But it doesn’t stop there. Fueled by explosive growth on Facebook and an expanding pipeline of new games and features, we … Continue reading “Playdom Garners $43,000,000 Series A Funding”
Cavium Networks Acquires MontaVista Software for $50,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=897bf267-d1e8-47f4-95bd-1932dd0ca0fd&Preview=1 Date 11/11/2009 Company Name MontaVista Software Mailing Address 2929 Patrick Henry Drive Santa Clara, CA 95054 Company Description MontaVista Software is a leading global supplier of systems software and development tools for intelligent connected devices and associated infrastructure. MontaVista powers the embedded revolution by providing Open Source GNU/Linux-based software solutions. Website … Continue reading “Cavium Networks Acquires MontaVista Software for $50,000,000”
Sequenom Looks to Prolong Operations as Available Cash Runs Low
San Diego’s embattled Sequenom, which halted the debut of a new diagnostic product over mishandled data, is now considering steps to conserve cash. In an SEC document filed Monday, the life sciences tools company says it expects to end the year with $39 million in cash — too little to fund operations and capital expenditures … Continue reading “Sequenom Looks to Prolong Operations as Available Cash Runs Low”
Don Dodge Weighs In On Leaving Microsoft, What’s Next, and Friends Old and New
It was big news here in New England last week when Don Dodge announced on his blog that he had been laid off from Microsoft as part of some 800 layoffs at the software powerhouse. Dodge had been a regular on the innovation scene here in New England—and around the world, really—and was known as … Continue reading “Don Dodge Weighs In On Leaving Microsoft, What’s Next, and Friends Old and New”
Vertex Turns $109M Debt Into Stock
Vertex Pharmaceuticals, the Cambridge, MA-based developer of treatments for hepatitis C, said today that investors who hold about $109 million worth of debt securities have converted those holdings into equity stakes. The deal doesn’t leave Vertex debt free, because the company still has to pay back $35 million in principal, at a 4.75 percent interest … Continue reading “Vertex Turns $109M Debt Into Stock”
Xconomy Auction for Charity—Autographed Collector’s Edition of Turbine’s Lord of the Rings: Mines of Moria
Do you love fantasy role-playing games? Do you enjoy collecting one-of-a-kind autographed artifacts? Do you like supporting good causes? Then this is your lucky week. Through the generosity of the good folks at Turbine, the Westwood, MA-based publisher of online fantasy games, Xconomy has obtained an amazing Collector’s Edition boxed set of Turbine’s most popular … Continue reading “Xconomy Auction for Charity—Autographed Collector’s Edition of Turbine’s Lord of the Rings: Mines of Moria”
Three New England Deal Stories: Startups Pursuing Emotional Sensors, Drugs for Pets, & Mobile Video Raise Some Bucks
We spotted three New England startups today that have recently filed papers with the SEC to report new rounds of equity financing. Other than their common geographic ties to region, it’s tough to see any relationship among these firms. But here’s a brief synopsis of the deals and what each company does: —Waltham, MA-based Affectiva … Continue reading “Three New England Deal Stories: Startups Pursuing Emotional Sensors, Drugs for Pets, & Mobile Video Raise Some Bucks”
Clearwire Closes $1.5B, Alder Scores $1B Partnership, Software Financings Are Down, & More Seattle-Area Deals News
Healthcare deals are going one way, tech deals another. That’s my read from the past week in the Northwest, where we’ve seen some of the biggest biotech deals around, even as a prominent Seattle tech venture firm (and software financings in general) head south. —Bothell, WA-based Alder Biopharmaceuticals scored one of the biggest biotech partnerships … Continue reading “Clearwire Closes $1.5B, Alder Scores $1B Partnership, Software Financings Are Down, & More Seattle-Area Deals News”
ISB Nabs $8M for Cancer Genome
The Institute for Systems Biology, a Seattle-based nonprofit research center, said today it has secured an $8 million grant from the National Institutes of Health as part of The Cancer Genome Atlas, an effort to identify new targets for cancer drugs based on deeper genomic understanding. ISB professor Ilya Shmulevich is the co-primary investigator on … Continue reading “ISB Nabs $8M for Cancer Genome”
BigDoor Opens Virtual Currency Site
Bellevue, WA-based BigDoor Media, a developer of software that helps social entertainment sites make money, has rolled out a not-for-profit community website called VirtualCurrencyExperts.com. It is meant to be a resource for online publishers to learn about how to use virtual currencies and goods. The site, along with its first discussion point—a top 10 list … Continue reading “BigDoor Opens Virtual Currency Site”
Life Technologies Acquiring BioTrove
Life Technologies (NASDAQ: [[ticker:LIFE]]), the Carlsbad, CA-based provider of biotech instruments and lab supplies, says it has agreed to acquire Woburn, MA-based BioTrove, which has developed a high throughput gene expression and genotyping analysis system. BioTrove, which withdrew plans to raise $75 million in an IPO last year, says the flexible array format of its … Continue reading “Life Technologies Acquiring BioTrove”
Xconomy Forum: Tomorrow’s Biotech–Innovators and Innovations
San Diego is home to a dazzling array of today’s most successful biotech inventors, companies, and technologies. But who are the innovators and what are the innovations that will carry this region’s leadership in life sciences forward in the years to come? Which new advances will help transform the way we treat and prevent disease? … Continue reading “Xconomy Forum: Tomorrow’s Biotech–Innovators and Innovations”
Ironwood Gets $75M Deal From Astellas to Market Bowel Drug in Asia
[Update: 10:42 am Eastern, 11/10/09] Cambridge, MA-based Ironwood Pharmaceuticals, the developer of a treatment for chronic constipation and irritable bowel syndrome, has formed a partnership with Japan-based Astellas Pharma to market the drug in Japan and certain other countries in Asia. Ironwood will get $75 million in upfront and pre-commercial milestone payments as well as … Continue reading “Ironwood Gets $75M Deal From Astellas to Market Bowel Drug in Asia”
Alder Scores Deal With Bristol-Myers Potentially Worth $1 Billion
Alder Biopharmaceuticals has just struck one of the biggest biotech partnerships of the year, both in the Seattle area and nationally. The Bothell, WA-based developer of faster and cheaper technology for making antibody drugs has formed a collaboration with Bristol-Myers Squibb (NYSE: [[ticker:BMY]]), focused on the development of Alder’s experimental rheumatoid arthritis drug, that could … Continue reading “Alder Scores Deal With Bristol-Myers Potentially Worth $1 Billion”
San Diego’s Platformic Expands Its Web Development Platform for Broadcasters
Mark Underhill says he was doing Web design and applications development for Clear Channel Communications when the San Antonio, TX-based media company announced plans to sell 448 of its 1,150 radio stations, along with its 42-station TV group. That was in November 2006. Underhill, who had initially been hired in San Diego six or seven … Continue reading “San Diego’s Platformic Expands Its Web Development Platform for Broadcasters”
Hamilton Thorne Raises $2.2M
Beverly, MA-based Hamilton Thorne, which makes laser equipment used in stem-cell research labs and fertility clinics, has raised $2.2 million in a private stock placement and debt conversion deal, according to an announcement released last week. A the same time, the company, which recently completed a merger with Ottawa, Ontario-based Calotto Capital, will soon be … Continue reading “Hamilton Thorne Raises $2.2M”
Who Will Create the Future of San Diego Biotech? Xconomy Event Will Gather Star Innovators From Inside and Outside the Region
Who are the innovators who will help keep the San Diego region’s life sciences sector vibrant in the years to come? Which of the emerging ideas here will help transform the way we treat and prevent disease around the world? And how is the San Diego region poised to work with leaders from other hubs … Continue reading “Who Will Create the Future of San Diego Biotech? Xconomy Event Will Gather Star Innovators From Inside and Outside the Region”
Cambridge Public Library Grand Opening: A Beautiful Library for a Great Innovation City
When they write the book on great libraries of the world, a few legendary names will come to mind: Alexandria; Pergamum (the city where papyrus is said to have been invented) in what is now Turkey; the British Library; the New York Public Library; and of course, the U.S. Library of Congress. The new public … Continue reading “Cambridge Public Library Grand Opening: A Beautiful Library for a Great Innovation City”
BioVex Nails Down Another $30M To Finish Pivotal Study of Cancer-Killing Virus
BioVex, the Woburn, MA-based company aspiring to create the first FDA-approved cancer-killing virus, has raised an additional $30 million in private financing to finish off a pivotal clinical trial needed to prove the virus is good enough to reach the U.S. market. This latest round brings BioVex’s grand total of financing this year to $70 … Continue reading “BioVex Nails Down Another $30M To Finish Pivotal Study of Cancer-Killing Virus”
Tokai Pushes Edge With Three-Pronged Attack on Prostate Cancer
Prostate cancer has been one of the hot fields for new biotech drug development this year, and now Cambridge, MA-based Tokai Pharmaceuticals is getting into the game with a drug that it hopes will someday help men live longer and push the boundaries of science even further. Tokai, which raised $22 million in May from … Continue reading “Tokai Pushes Edge With Three-Pronged Attack on Prostate Cancer”
Seattle’s Kineta Rakes in Half of $13M Federal Contract to UW For Vaccine Boosters
Kineta, the Seattle-based developer of drugs for autoimmune diseases, has won about half of a $13 million federal contract awarded to the University of Washington to create new compounds which might be used to boost the effectiveness of vaccines against HIV or flu. The five-year contract from the National Institutes of Health is worth about … Continue reading “Seattle’s Kineta Rakes in Half of $13M Federal Contract to UW For Vaccine Boosters”
Where Are the Software Deals? WA Firms Raised $70M in October, Mostly in Healthcare, Gaming
Early-stage software and IT deals are a scarce breed these days. That’s my initial take from looking at the October funding numbers for Washington state, courtesy of ChubbyBrain, a New York-based information services company that makes tools for investors, startups, and entrepreneurs. According to ChubbyBrain’s stats, Washington tech, life sciences, and cleantech companies raised a … Continue reading “Where Are the Software Deals? WA Firms Raised $70M in October, Mostly in Healthcare, Gaming”
Former Pfizer R&D Chief Joins PureTech Ventures as Senior Partner
PureTech Ventures says it has swelled its ranks with another Big Pharma veteran. John LaMattina, former president of global research and development at Pfizer, has joined the Boston-based venture firm as senior partner. PureTech has also promoted previous firm associates Eric Elenko and Steve Muniz to partner. LaMattina—who retired from New York-based Pfizer (NYSE:[[ticker:PFE]]) in … Continue reading “Former Pfizer R&D Chief Joins PureTech Ventures as Senior Partner”
BioVex Garners $30,000,000 Series F Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ffb186d1-ab19-4295-9783-f0ee4d4c8c77&Preview=1 Date 11/10/2009 Company Name BioVex Mailing Address 34 Commerce Way Woburn, MA 01801 Company Description The Company is developing a new class of potent biologics for the treatment of cancer and prevention of infectious disease. Website http://www.biovex.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Series F Proceeds Purposes The … Continue reading “BioVex Garners $30,000,000 Series F Funding”
Life Technologies Acquires BioTrove for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cdd13e2-5e29-41b6-b290-c932c46b2563&Preview=1 Date 11/10/2009 Company Name BioTrove Mailing Address 12 Gill Street Woburn, MA 01801 Company Description BioTrove, Inc. is a privately held biotechnology company focused on leveraging revolutionary micro- and nano-scale engineering solutions to overcome current bottlenecks in pharmaceutical drug discovery and biotechnology. Website http://www.biotrove.com Transaction Type M&A Transaction Amount Undisclosed Transaction … Continue reading “Life Technologies Acquires BioTrove for Undisclosed Sum”
SandForce Garners $21,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e3747387-46df-4efe-a075-86458e5638c4&Preview=1 Date 11/10/2009 Company Name SandForce Mailing Address 12950 Saratoga Ave Saratoga, CA 95070 Company Description SandForce, Inc., is transforming data storage by pioneering the use of commodity flash memory in enterprise and client computing applications with its innovative SSD (Solid State Drive) Processors. By delivering unprecedented reliability, performance and energy efficiency, … Continue reading “SandForce Garners $21,000,000 Series C Funding”
Prosper Marketplace Secures $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d19a19f6-e5bb-4d5d-b054-e4184ab697a2&Preview=1 Date 11/10/2009 Company Name Prosper Marketplace Mailing Address 111 Sutter Street 22nd Floor San Francisco, CA 94104 Company Description Prosper, America’s first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Website http://www.prosper.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds … Continue reading “Prosper Marketplace Secures $1,000,000 New Financing Round”
GigOptix Acquires ChipX for $12,250,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=549d22cf-6a7c-4105-aa0a-dddd5a5ffffd&Preview=1 Date 11/10/2009 Company Name ChipX Mailing Address 2323 Owen Street Santa Clara, CA 95054 Company Description ChipX, Inc. is a leading Analog and mixed-signal ASIC company with unique technology that allows you to reduce the cost, development cycle and risk associated with complex SoC/ASIC designs. ChipX provides the widest range of … Continue reading “GigOptix Acquires ChipX for $12,250,000”
San Diego’s Gizmo5 Reportedly Acquired by Google
San Diego’s Gizmo5, which was rumored to be a Skype acquisition target for $50 million about three weeks ago, is now reported to have been sold—except the buyer is identified as Google, and the price is put at $30 million. Both the Skype and Google reports were exclusives from TechCrunch’s Michael Arrington, who initially explained … Continue reading “San Diego’s Gizmo5 Reportedly Acquired by Google”
Helicos Takes Itself Off Block
Helicos Biosciences (NASDAQ: [[ticker:HLCS]]) said today that it has decided to call off discussions that could lead to a sale of the company, because of its “improving standalone prospects and its current market valuation.” The Cambridge, MA-based company hired Thomas Weisel Partners consider strategic alternatives earlier this year, and will continue to work with the … Continue reading “Helicos Takes Itself Off Block”
Dendreon Burns $28M in Q3
Dendreon (NASDAQ: [[ticker:DNDN]]), the Seattle-based developer of a new treatment to stimulate the immune system against prostate cancer, said today in its quarterly financial report that it ended September with $259.6 million in cash and investments. That means it burned through about $28 million in cash during the last three months, based on its previous … Continue reading “Dendreon Burns $28M in Q3”
Founder Collective Debuts with $40M
The new Somerville, MA-based venture fund Founder Collective made a public debut today in a blog post by founder Chris Dixon, the CEO and co-founder of New York-based Hunch. Joining Dixon in the collective are serial entrepreneurs Eric Paley (Brontes Technologies), Dave Frankel (Internet Solutions), Mark Gerson (Gerson Lehrman Group), Zach Klein (Vimeo), Bill Trenchard … Continue reading “Founder Collective Debuts with $40M”
Boston’s Mobile Startups React to Google’s $750M AdMob Purchase
I was at the offices of uLocate, a Boston startup with a suite of location-aware information services for mobile phones, when I heard today’s news about Google’s $750 million acquisition of San Mateo, CA-based AdMob, which runs one of the largest mobile advertising networks. “It’s a very good thing,” commented Walt Doyle, uLocate’s CEO, who … Continue reading “Boston’s Mobile Startups React to Google’s $750M AdMob Purchase”
ZymoGenetics, King Pharma Brawl Over Drugs to Control Surgical Bleeding
ZymoGenetics started really playing hardball with King Pharmaceuticals in August, and now a high-and-tight fastball has come right back at the Seattle biotech company. The projectile in question is a lawsuit filed on November 2 by Bristol, TN-based King in the U.S. District Court in Eastern Tennessee; the suit accuses ZymoGenetics of false advertising, unfair … Continue reading “ZymoGenetics, King Pharma Brawl Over Drugs to Control Surgical Bleeding”
Verathon, Maker of Diagnostic Ultrasound Tools, Acquired by Roper as Part of $356M Deal
Bothell, WA-based Verathon, which markets a simple ultrasound technology to help doctors diagnose common bladder disorders, has been acquired by Sarasota, FL-based Roper Industries in a pair of transactions worth a combined $356 million. Roper (NYSE: [[ticker:ROP]]), a company with a market capitalization of $4.8 billion, made the announcement Friday. It said it acquired Verathon … Continue reading “Verathon, Maker of Diagnostic Ultrasound Tools, Acquired by Roper as Part of $356M Deal”
Clearwire to Get $1.5B More, Report Says
Kirkland, WA-based Clearwire (NASDAQ: [[ticker:CLWR]]) is about to receive an investment of at least $1.5 billion led by Sprint Nextel, according to the Wall Street Journal. Sprint will invest $1 billion, and its partners, including Comcast, Intel, Time Warner Cable, and Bright House Networks, will chip in an additional $500 million, for continuing support of … Continue reading “Clearwire to Get $1.5B More, Report Says”
Good Things in Threes: Trius Therapeutics Files for IPO to Fund Phase 3 Clinical Trials, Marks San Diego’s Third IPO Filing
San Diego’s Trius Therapeutics, a venture-backed biotech developing a new antibiotic for treating acute and life-threatening bacterial infections, submitted a regulatory filing Friday to raise as much as $86 million in an initial public stock offering. It marks the third IPO filing by a company in the San Diego area so far this year. The … Continue reading “Good Things in Threes: Trius Therapeutics Files for IPO to Fund Phase 3 Clinical Trials, Marks San Diego’s Third IPO Filing”
Litl Webbook Ships Today
The Litl Webbook, a new home media computer unveiled by Boston-based Litl last week, officially ships to buyers starting today. The $699 device, which is available from Amazon and directly from Litl’s website, has already attracted a wide range of reactions, from Netbook Choice‘s “intriguing” to Engadget‘s “unbelievably overpriced.” Xconomy was the first to cover … Continue reading “Litl Webbook Ships Today”
Clean Energy Week Preview: Of Green Ties and 52 Startups
We’ve noticed a slowing of venture investment in cleantech and other aspects of energy here in New England. But put any green investment pessimism on hold this week—as today marks the start off what’s being touted as the third annual Clean Energy Week here in Massachusetts. In a week of charged-up presentations from Springfield to … Continue reading “Clean Energy Week Preview: Of Green Ties and 52 Startups”
San Diego’s PaxVax Developing Oral Tablet Vaccine, Looks to Raise More Cash With Support of Seattle’s Ignition Capital
PaxVax, a San Diego startup backed by Seattle’s Ignition Capital, has raised $2 million of a planned $6 million investment round, according to a document filed Friday with the Securities and Exchange Commission. The biotech was founded in early 2007 to develop new oral vaccine technology based on a common cold virus called the adenovirus. … Continue reading “San Diego’s PaxVax Developing Oral Tablet Vaccine, Looks to Raise More Cash With Support of Seattle’s Ignition Capital”
Concert Starts HIV Trial, Bags $12M From Glaxo to Help Challenge Gilead’s Once-Daily Pill
Concert Pharmaceuticals, the Lexington, MA-based company that chemically modifies existing drugs to make them more attractive, has started human testing of an HIV medication which it hopes will help GlaxoSmithKline wrestle back market share it has been losing to Gilead Sciences, the world’s largest maker of HIV drugs. Concert will receive a $12 million payment … Continue reading “Concert Starts HIV Trial, Bags $12M From Glaxo to Help Challenge Gilead’s Once-Daily Pill”
The Rise of Agile Organizational Development
There’s lots of buzz in the startup community about agile software development; there are software programs, books, and seminars on the topic, and even huge firms like IBM are now touting their “agile development solutions”. The general idea is to create a team and a software process that is flexible, quick, and adaptive to feedback … Continue reading “The Rise of Agile Organizational Development”
DHS Funds Chemical Sensors for Cell Phones, MaxLinear Files for IPO, EcoDog Wins GadgetFest, & More San Diego BizTech News
It was a busy week for local technology news. —Two teams from San Diego and a third from Northern California demonstrated their development of advanced chemical sensor prototypes that are tiny enough to be found inside ordinary cell phones. The U.S. Department of Homeland Security is funding the Cell-All program, with a goal of basically … Continue reading “DHS Funds Chemical Sensors for Cell Phones, MaxLinear Files for IPO, EcoDog Wins GadgetFest, & More San Diego BizTech News”
Startup Failure: Seattle’s Stigma, Boston’s Chip on Its Shoulder, and Silicon Valley’s Badge of Honor
“People say if you fail in Seattle, you’re screwed,” said Marcelo Calbucci. “If you fail in the Bay Area, you just have a badge of honor.” We were at the TechStars reunion event in Seattle last week, listening to early-stage investors Brad Feld, Andy Sack, Steve Hall, Greg Gottesman, Shawn Broderick, and Chris Sheehan speak … Continue reading “Startup Failure: Seattle’s Stigma, Boston’s Chip on Its Shoulder, and Silicon Valley’s Badge of Honor”