Seattle Genetics Adds Marketing Boss

Seattle Genetics, the Bothell, WA-based developer of targeted antibody drugs for cancer, said today it has hired its first head of commercial operations to prepare for the introduction of what it hopes will be its first marketed product. The company (NASDAQ: [[ticker:SGEN]]) said it hired Bruce Seeley for the new position of executive vice president, … Continue reading “Seattle Genetics Adds Marketing Boss”

Investors Lighted $228M Fire Under Massachusetts Startups in September

It wasn’t just school that people got back to in September—it was startup funding. After slowing noticeably in August, the total venture investment into Massachusetts startups last month hit its highest level since we began tracking the monthly figures in June. All told, investors put $228 million into 25 deals involving Bay State startups. That … Continue reading “Investors Lighted $228M Fire Under Massachusetts Startups in September”

Cisco Buying Starent for $2.9B

Technology giant Cisco (NASDAQ:[[ticker:CSCO]]) plans to acquire Tewksbury, MA-based Starent Networks (NASDAQ:[[ticker:STAR]]), a provider of wireless infrastructure products used to transfer data to mobile devices such as smartphones, for a whopping $2.9 billion, Cisco reports this morning. Both companies’ boards of directors have approved the deal, which is expected to close in the first half … Continue reading “Cisco Buying Starent for $2.9B”

How Twitter Got an App Store: The Oneforty Story (Part 2)

The second big thing in the genesis of Twitter app store oneforty (the first being proof that a real economy was possible on Twitter—see Part 1 of the oneforty story) was that Laura Fitton couldn’t find anyone besides herself to manage the company. As readers of the initial installment of this story will remember, Fitton … Continue reading “How Twitter Got an App Store: The Oneforty Story (Part 2)”

Medical Device Startups Getting Squeezed by Recession, Lawmakers, Says E&Y Report

People who make a living creating innovative medical devices—whether it’s an ultrasound diagnostic tool, a stent to prop open clogged arteries, or an MRI machine—are an unhappy bunch these days. Let us count the ways, as described in the second annual medical device industry analysis being released today by Ernst & Young. Because unemployment is … Continue reading “Medical Device Startups Getting Squeezed by Recession, Lawmakers, Says E&Y Report”

Wireless Industry Foresees Capacity Constraints, Algae-Based Biofuels Still a Decade Away, Xconomy San Diego Marks its First Anniversary, & More San Diego BizTech News

The big story out of the International CTIA Wireless IT & Entertainment expo in San Diego last week could perhaps be summed up in one word: “spectrum.” We also have reports from the Algae Biofuels Summit and other big news, so read on. —Qualcomm co-founder Irwin Jacobs and his son Paul, who is now chairman … Continue reading “Wireless Industry Foresees Capacity Constraints, Algae-Based Biofuels Still a Decade Away, Xconomy San Diego Marks its First Anniversary, & More San Diego BizTech News”

The Stimulus, UW, and Washington State

The American Recovery and Reinvestment Act of 2009 (ARRA, or “the stimulus”) totaled approximately $787 billion. Of this, approximately $21.5 billion (2.7 percent) was for the support of R&D—$18 billion for the conduct of research and $3.5 billion for facilities and equipment. Why R&D as part of the stimulus? Because it employs people (that’s what … Continue reading “The Stimulus, UW, and Washington State”

Marchex Rolls Out Reputation Management Software for Small Businesses

Online reputation management is hot these days. Today, Seattle-based Marchex, the online advertising and search company, is announcing a new thrust in its strategy for connecting local consumers with restaurants, florists, and other businesses. The firm is releasing software that helps small, local businesses monitor and understand what people are saying about them and their … Continue reading “Marchex Rolls Out Reputation Management Software for Small Businesses”

Boston-Area Entrepreneurs and Innovators Take to the Streets in Mobile Scavenger Hunt

What would you think if I told you that a 20-year-old with an iPhone could turn hundreds of Boston’s sharpest entrepreneurs, business leaders, and students into human game pieces on a life-sized game board? Last Friday, that is exactly what happened as The Quest for Innovation put the spotlight on Boston’s history of entrepreneurship and … Continue reading “Boston-Area Entrepreneurs and Innovators Take to the Streets in Mobile Scavenger Hunt”

Rocket Software Obtains $91,900,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5591d30a-c3d2-46bd-8b55-1adc9ccb3602&Preview=1 Date 10/13/2009 Company Name Rocket Software Mailing Address 275 Grove Street Newton, MA 02466 Company Description Rocket is a privately held, consistently profitable (since our inception in 1990), software manufacturer headquartered in Newton, Massachusetts, USA. Our engineers are primarily located in one of our R&D labs or programming clusters in the … Continue reading “Rocket Software Obtains $91,900,000 New Round”

Cisco Systems Acquires Starent Networks Corp. for $2,900,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5deec68-30f9-4c94-b9dc-b2d7393d33ed&Preview=1 Date 10/13/2009 Company Name Starent Networks Corp. Mailing Address 30 International Place Tewksbury, MA 01876 Company Description Starent Networks has been focused on delivering a superior subscriber experience with next-generation services. Website http://www.starentnetworks.com Transaction Type M&A Transaction Amount $2,900,000,000 Transaction Round Proceeds Purposes M&A Terms Under the terms of the agreement, … Continue reading “Cisco Systems Acquires Starent Networks Corp. for $2,900,000,000”

Ooyala Garners $10,000,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c25da41-9039-44be-a0f1-0fad0348dcd0&Preview=1 Date 10/13/2009 Company Name Ooyala Mailing Address 800 W El Camino Real Mountain View, CA 94040 Company Description Ooyala is a technology-driven company dedicated to delivering an interactive, high-quality video experience. The company is also developing content management systems and video ad serving technologies. Website http://www.ooyala.com Transaction Type Venture Equity Transaction … Continue reading “Ooyala Garners $10,000,000 Series C Funding”

GroundWork Open Source Obtains $5,000,000 Series D Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90675431-a8c5-4296-b7ab-1653959d1dba&Preview=1 Date 10/13/2009 Company Name GroundWork Open Source Mailing Address 139 Townsend Street San Francisco, CA 94107 Company Description GroundWork Open Source is a recognized leader in the fast growth market for enterprise-class open source-based systems and network monitoring and management software, successfully bringing to market the first practical yet enterprise-ready open … Continue reading “GroundWork Open Source Obtains $5,000,000 Series D Funding Round”

Ecast Lands $17,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7b38fef4-eaa8-468c-9b45-780afa0c6f9e&Preview=1 Date 10/13/2009 Company Name Ecast Mailing Address 49 Geary Street Mezzanine San Francisco, CA 94108 Company Description Ecast runs the premier broadband network of digital touchscreen jukeboxes in the US, serving music and advertising to over 42 million consumers per month. Website http://www.ecastinc.com Transaction Type Venture Equity Transaction Amount $17,000,000 Transaction … Continue reading “Ecast Lands $17,000,000 New Funding Round”

ViVu Lands $3,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e2317035-647f-4800-929b-c2f6f8aeee0a&Preview=1 Date 10/13/2009 Company Name ViVu Mailing Address 440 N. Wolfe Rd. Sunnyvale, CA 94085 Company Description Founded by startup veterans from Cisco, Alcatel-Lucent and a team of IIT graduates, ViVu developed first-of-its-kind Participative Event Platform that enables live video participation from a PC, Macintosh or smart phone without any proprietary downloads … Continue reading “ViVu Lands $3,000,000 Series A Financing”

Principle Power Combines Waves, Wind

Seattle-based Principle Power, a company focused on offshore wind energy, announced today it has received a $750,000 grant from the U.S. Department of Energy to develop water power technologies. Principle Power is working with the National Renewable Energy Lab and Marine Innovation and Technology on the project, which seeks to incorporate wave energy generation into … Continue reading “Principle Power Combines Waves, Wind”

Life Sciences CROs: Seeking R&D Partners Across Traditional Boundaries

At a time when capital is in short supply, many San Diego life sciences companies are turning to contract research organizations, or CROs, so they can focus their energies and resources on core competencies. Successfully following this strategy means knowing when to rely on internal capabilities and when to take advantage of external expertise. Registration … Continue reading “Life Sciences CROs: Seeking R&D Partners Across Traditional Boundaries”

Using Canadian Incentive Programs to Stretch the R&D Budget

This program about Canada’s tax credit program and incentives for technology R&D is intended for C-level executives. San Diego’s Connect and the Canadian Consulate have organized the event with help from the San Diego Regional Chamber of Commerce and the World Trade Center. Presentations include a case study of a San Diego company that took … Continue reading “Using Canadian Incentive Programs to Stretch the R&D Budget”

Technology Transfer and Working With SPAWAR

The military special interest group at CommNexus, San Diego’s wireless industry group, has organized a presentation by Stephen Lieberman, director of technology transfer at the Navy’s Space and Naval Warfare Systems Center in San Diego. Lieberman and others will explain the processes that are available for commercial partners to access government inventors and facilities and … Continue reading “Technology Transfer and Working With SPAWAR”

San Diego Forum on Software Analytics

Analytics technologies are growing exponentially, and are being deployed in every industry and market, including finance, national security, medicine, entertainment, travel, and others. This conference features the software executives, investors, researchers, analysts and developers who make San Diego one of the nation’s leading communities for software analytics. The San Diego Software Industry Council and UCSD’s … Continue reading “San Diego Forum on Software Analytics”

The Economics of Internet Crime

Despite the fact that online crime is economically motivated, the underlying economics are poorly understood and even more poorly quantified. UCSD computer security expert Stefan Savage says that makes computer security efforts inherently unfocused. San Diego Connect has organized this presentation by Savage, who is director of the Cooperative Center for Internet Epidemiology and Defenses … Continue reading “The Economics of Internet Crime”

4th Annual Biocom Investor Conference

More than 60 local life sciences companies will make presentations at the 4th Annual Biocom Investor Conference. The event also features talks by top financial experts, including a keynote address by Fred Frank, vice chairman, Peter J. Solomon Co. More information and online registration is available here.

MojoPages Case Study: Building a Viral Marketing Machine

After an unhappy consumer experience, Jon Carder began thinking that the Internet offered an opportunity to create an online community where people could share their knowledge and experiences of local businesses. He founded MojoPages as the next generation of online yellow page services by combining a social network with a business search engine. A panel … Continue reading “MojoPages Case Study: Building a Viral Marketing Machine”

Angels Who Charge Entrepreneurs to Pitch: the Debate Heats Up

It’s an Xconomy holiday today, but I couldn’t resist a quick pointer post to an argument heating up across the Web—one that is related to a story we ran here last week about a new Cambridge, MA-based group, Revolutionary Angels, which announced its plans to hold a quarterly business plan competition. Revolutionary Angels drew fire … Continue reading “Angels Who Charge Entrepreneurs to Pitch: the Debate Heats Up”

Epizyme Grabs $32M, A123 Systems’ IPO Enriches BU, & More Boston-Area Deals News

It’s a nice change from previous weeks this year to be writing about IPOs and big exits for venture firms. At least in Boston and environs, big paydays for investors and entrepreneurs seemed to be materializing. And startups from a variety of innovation sectors secured capital to fuel their movement toward hoped-for exits. Not sure … Continue reading “Epizyme Grabs $32M, A123 Systems’ IPO Enriches BU, & More Boston-Area Deals News”

EndoGastric Solutions Lands $9,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e0f65c6e-3eda-4ef1-b8f9-66232f04e1d0&Preview=1 Date 10/12/2009 Company Name EndoGastric Solutions Mailing Address 8210 154th Ave NE Redmond, WA 98052 Company Description EndoGastric Solutions, Inc. (FKA Esophyx) is the pioneer in endoluminal procedures for the treatment of upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD) and obesity. EGS’ mission is to utilize the most current wisdom … Continue reading “EndoGastric Solutions Lands $9,500,000 New Financing Round”

Global Payments Acquires Auctionpay for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b0c9871-2fe4-4961-a5a0-afb0efa10f46&Preview=1 Date 10/12/2009 Company Name Auctionpay Mailing Address 13221 S.W. 68th Parkway Portland, OR 97223 Company Description Auctionpay is dedicated to helping nonprofits automate and improve benefit event fundraising. Auctionpay’s solutions help local, regional and national nonprofit organizations and schools create better donor experiences, while saving organizations time and money. Website http://www.auctionpay.com … Continue reading “Global Payments Acquires Auctionpay for Undisclosed Sum”

Oracle Corp. Acquires Sophoi for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a501ba8c-e2f4-4105-9fb5-e2c550eef37d&Preview=1 Date 10/12/2009 Company Name Sophoi Mailing Address 1000 Wilshire Blvd. Los Angeles, CA 90017 Company Description SOPHOI, Incorporated is a leading provider of enterprise intellectual property management software that allows corporations to efficiently manage and license Intellectual Property assets. SOPHOI provides enterprise intellectual property management software to address the growing need … Continue reading “Oracle Corp. Acquires Sophoi for Undisclosed Sum”

Brilliant Telecommunications Lands $7,600,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4de24790-af11-458d-bede-095a8928bdea&Preview=1 Date 10/12/2009 Company Name Brilliant Telecommunications Mailing Address 307 Orchard City Drive Campbell, CA 95008-2949 Company Description Brilliant Telecommunications, Inc. is a privately held company founded in 2004 and is located in Campbell, California. Brilliant has developed a variety of innovative products, specifically designed to address the complex and ever-changing timing … Continue reading “Brilliant Telecommunications Lands $7,600,000 New Funding”

Onyx Pharmaceuticals Acquires Proteolix for $850,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e706eedf-97c0-4c05-9637-104f534be13a&Preview=1 Date 10/12/2009 Company Name Proteolix Mailing Address 333 Allerton Avenue South San Francisco, CA 94080 Company Description Proteolix, Inc. is a biopharmaceutical company dedicated to discovering, developing and marketing pharmaceutical products that target the proteasome and the control of protein turnover in cells. The company’s focus is on the treatment of … Continue reading “Onyx Pharmaceuticals Acquires Proteolix for $850,000,000”

Motionbox Acquires Viddyou for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=21f417c7-405a-45cf-859c-ed4fb1218eb8&Preview=1 Date 10/12/2009 Company Name Viddyou Mailing Address 130 Market Pl PMB 163 San Ramon, CA 94582 Company Description Viddyou is a free and premium personal video service focused on offering the best quality in video, privacy control, and overall ease of use. Viddyou is as simple or as advanced as you … Continue reading “Motionbox Acquires Viddyou for Undisclosed Sum”

Dendreon Recruits Genentech CEO, Former Lilly Manufacturing Chief to Board

Seattle-based Dendreon recruited some serious industry experience in marketing and manufacturing today to its board of directors. The company has added Ian Clark, the CEO of Roche’s Genentech unit and former head of Genentech’s commercial operations, along with Pedro Granadillo, a former senior vice president of manufacturing at Eli Lilly, according to two separate regulatory … Continue reading “Dendreon Recruits Genentech CEO, Former Lilly Manufacturing Chief to Board”

Mobile App Startups From Seattle to Washington DC Make Pitch at CTIA Fund Fest

A lot of fingers were crossed behind the scenes at the CTIA Wireless IT & Entertainment conference, which ended today at the San Diego Convention Center. Many extraneous factors can affect attendance at big industry shows, but organizers did not want a repeat of the last time the CTIA came to San Diego, when the … Continue reading “Mobile App Startups From Seattle to Washington DC Make Pitch at CTIA Fund Fest”

Eastbourne Capital Dumps Entire Stake in Amylin After Partial Victory in Proxy Battle

[Updated: 10/9/09, 3:51 pm Pacific] Eastbourne Capital, one of the powerful dissident shareholders who won a partial victory in a proxy fight this spring against San Diego’s Amylin Pharmaceuticals, has sold its entire stake in the company, according to a regulatory filing released late today. Eastbourne unloaded all of its holdings in Amylin (NASDAQ: [[ticker:AMLN]]) … Continue reading “Eastbourne Capital Dumps Entire Stake in Amylin After Partial Victory in Proxy Battle”

Evri Drives New Hearst Website, Wants to Make News Aggregators Smarter

The next step in the future of journalism could be led by a Seattle startup. Today, media giant Hearst announced it has started a new website called LMK (Let Me Know), a news aggregator that pulls in Web feeds from sources like the Associated Press and Getty Images, and automatically creates topic pages for individual … Continue reading “Evri Drives New Hearst Website, Wants to Make News Aggregators Smarter”

Marketfish Puts Out New Platform

Seattle-based Marketfish has launched a new version of its list marketing software platform. The platform, called Great White, lets marketers rent third party opt-in lists using a Web interface similar to Google AdWords. The latest version lets customers complete live transactions and includes new features like expanded payment options and more transparency on prices. Marketfish … Continue reading “Marketfish Puts Out New Platform”

Bionavitas, Blue Marble Cut Algae Deal

Redmond, WA-based Bionavitas, the developer of light technology to grow more efficient algae, said today it has formed a partnership with Seattle-based Blue Marble Energy to make “high margin biochemicals” from algae. The companies didn’t say what they plan to make under this alliance, but it’s not biofuels. Bionavitas CEO Michael Weaver explained the company’s … Continue reading “Bionavitas, Blue Marble Cut Algae Deal”

Amazon Re-ups with Engine Yard

Seattle-based Amazon (NASDAQ: [[ticker:AMZN]]) has participated in a $19 million Series C financing for Engine Yard, a cloud computing and software automation company in San Francisco. Amazon was a previous investor, along with Benchmark Capital and New Enterprise Associates, both of whom participated in the latest round, which also included new investors DAG Ventures, Bay … Continue reading “Amazon Re-ups with Engine Yard”

From a Trickle to Flash Flood: Qualcomm’s Father-Son Dynasty Follows Course of Mobile Data Services

The co-founders who introduced San Diego-based Qualcomm’s wireless digital technology in 1989 envisioned from the early days that it would be ideal for the Internet. But Irwin Jacobs says now even he’s amazed at how many things a cell phone can do today. A new generation of innovators is now using Qualcomm’s proprietary technology to … Continue reading “From a Trickle to Flash Flood: Qualcomm’s Father-Son Dynasty Follows Course of Mobile Data Services”

Microsoft’s New Head of FUSE Labs, Lili Cheng, on Strategy, Social Computing, and Bicoastal Life

Microsoft’s latest reorganization, which involves labs in both the Seattle and Boston areas, has a new face. It’s Lili Cheng, a 14-year Microsoftie with experience in both research (social computing) and products (Windows Vista user experience). Cheng now officially leads three separate groups that are being rolled into one: her Creative Systems Group within Microsoft … Continue reading “Microsoft’s New Head of FUSE Labs, Lili Cheng, on Strategy, Social Computing, and Bicoastal Life”

It’s Time for Washington to Commit to a 21st Century Education System for the 21st Century Economy

Every second year, the Technology Alliance gathers policymakers and leaders from the innovation community at a retreat designed to explore issues affecting Washington’s technology sector and to map out strategies to increase our state’s long-term competitiveness. We organize the retreat around what we call the “three drivers” of a vibrant innovation economy: excellent K-12 and … Continue reading “It’s Time for Washington to Commit to a 21st Century Education System for the 21st Century Economy”

Amgen’s Seattle and Boston Teams Seek to Boost Biotech Hit Rate 20 to 30 Percent

One of the inconvenient truths of the biotech and pharmaceutical industry is that only about one out of every 10 drug candidates good enough to enter clinical trials passes all the tests to graduate as an FDA-approved therapy. Every major drugmaker is searching for ways to boost that success rate, and yesterday I got an … Continue reading “Amgen’s Seattle and Boston Teams Seek to Boost Biotech Hit Rate 20 to 30 Percent”

Public Biotechs’ Finances Foundering, Epizyme Banks $32M, Paratek Cuts Deal with Novartis, & More Boston-Area Life Sciences News

It was a busy week in the land of New England life sciences. Let’s dive in. —Luke did a massive analysis of the financial health of all the public biotech companies we follow the Boston area and the news… Well, it wasn’t good. —Cambridge, MA-based Vertex Pharmaceuticals (NASDAQ:[[ticker:VRTX]]) brought in $155 million in cash by … Continue reading “Public Biotechs’ Finances Foundering, Epizyme Banks $32M, Paratek Cuts Deal with Novartis, & More Boston-Area Life Sciences News”

ShopText Garners $700,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bc292922-93f9-48a0-ab8f-2d0d9d22867a&Preview=1 Date 10/9/2009 Company Name ShopText Mailing Address 20 Marshall Street Norwalk, CT 06854 Company Description ShopText is a mobile commerce and promotions company. Our software platform transforms any advertisement into a point of sale opportunity. ShopText technology creates a secure, direct-to-consumer marketplace where consumers can shop, sample and save. Website http://www.shoptext.com … Continue reading “ShopText Garners $700,000 New Funding Round”

Inmagic Obtains $1,800,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e3920726-273d-42fa-b198-5145e73aad11&Preview=1 Date 10/9/2009 Company Name Inmagic Mailing Address 200 Unicorn Park Drive Fourth Floor Woburn, MA 01801 Company Description Inmagic is a pioneer in helping organizations tap the value of their intellectual and digital assets to improve knowledge collaboration and community. More than 5,000 organizations around the world have placed their trust … Continue reading “Inmagic Obtains $1,800,000 New Funding Round”