OK, let’s cut to the chase here. We’re looking for The One. One more cool, young startup that could change the world. We’ve got 11 confirmed. We want an even dozen. Do you have what it takes? The setting: It’s our third annual flagship conference, XSITE, at Babson College on June 16, and the startup … Continue reading “Calling All Startups: We Want You to Speak at XSITE on June 16 (If You Are The One)”
Xconomy Not Going Public, But We Had a Great Time at NYSE Euronext—Thanks to Our New York Supporters
Xconomy held a great party last Thursday on the floor of the New York Stock Exchange. The only caveats from our fantastic host NYSE Euronext was that if I rang the bell, the symbol XCON would never trade…(well, they didn’t actually say that, but I felt the hint was there). So we didn’t ring any … Continue reading “Xconomy Not Going Public, But We Had a Great Time at NYSE Euronext—Thanks to Our New York Supporters”
$20M for SiTime
Sunnyvale, CA-based SiTime, which makes silicon-based MEMS timing devices, has raised $20 million in Series E funding, according to a report today in Dow Jones VentureWire. Jafco Ventures, Bosch Group, Camp Ventures, CID Group, Grazia Equity, Greylock Partners, New Enterprise Associates, and Northgate Capital participated in the round. SiTime is attempting to break into a market … Continue reading “$20M for SiTime”
Tune In, Turn On, Drop Out—The Startup Genome Project
In April 2010 I received an email that said, “I’m an incoming Stanford student in the fall and working on a project that a number of people suggested I get in touch with you about.” Ok, I get a lot of these. Is this some grad student or post doc who wanted to do some … Continue reading “Tune In, Turn On, Drop Out—The Startup Genome Project”
Active Network Shares Rise, Accelrys Buys Sweden’s Contur, Mitek Raises $15M, & More San Diego BizTech News
The IPO market is clearly improving, with San Diego’s Active Network serving as the latest example in a slew of new stock offerings. We have that and all the other tech news you need to start your week. —Shares of the Active Network (NYSE: [[ticker:ACTV]]) steadily gained altitude last week after the San Diego-based provider … Continue reading “Active Network Shares Rise, Accelrys Buys Sweden’s Contur, Mitek Raises $15M, & More San Diego BizTech News”
Cyclacel Looks to ASCO as Showcase for Potent Cancer-Fighting Cocktail
For most Big Pharma companies, the annual meeting of the American Society of Clinical Oncology (ASCO) is one of dozens of important venues for spotlighting data on experimental drugs. But for tiny Cyclacel Pharmaceuticals (NASDAQ: [[ticker:CYCC]])—which is focused on developing cancer treatments—the confab of oncologists, cancer researchers, and drugmakers is the make-or-break event of the … Continue reading “Cyclacel Looks to ASCO as Showcase for Potent Cancer-Fighting Cocktail”
Aveo Forms $15 Million Cancer Deal With J&J Unit
Cambridge-based Aveo Pharmaceuticals (NASDAQ: [[ticker:AVEO]]) has entered into a licensing deal with Centocor Ortho Biotech, a unit of Johnson & Johnson (NYSE: [[ticker:JNJ]]), according to a press release. The two companies will work together on Aveo’s antibodies targeting the RON (Recepteur d’Origine Nantais) receptor, which may be involved in regulation of tumor growth, cancer survival and … Continue reading “Aveo Forms $15 Million Cancer Deal With J&J Unit”
Excelimmune Nabs $10.5M Series B Deal
Excelimmune, a Woburn, MA-based developer of a human recombinant polyclonal antibody-based drugs, announced today that it had wrapped up a $10.5 million Series B financing, from new and previous high net worth individual backers. The money will go to enhancing Excelimmune’s discovery platform and manufacturing processes, and toward development of Staphguard, the company’s treatment for Staph … Continue reading “Excelimmune Nabs $10.5M Series B Deal”
With xoJane Launch, Say Media Embarks on Transformation into a “Passion-Based Media Company”
When VideoEgg bought its San Francisco neighbor Six Apart last fall and renamed the combined company Say Media, the reaction from many media watchers was, “Say what?” It wasn’t clear why a rich-media advertising network needed to own a blogging company, or what plans it had for Moveable Type and Typepad, Six Apart’s once-pioneering publishing … Continue reading “With xoJane Launch, Say Media Embarks on Transformation into a “Passion-Based Media Company””
Grubwithus Hits Boston On Its Quest To Bring Group Meals for Strangers to 30 Cities This Year
Seventh in a series of profiles of Y Combinator Winter 2011 startups. Grubwithus, a group-buying-meets-online-dating startup out of Y Combinator, is hitting Boston this week. The startup is introducing its group meals for strangers service in the city on June 1st. Similar to Groupon, Chicago-based Grubwithus works with restaurants to offer its users discounted meals. Unlike … Continue reading “Grubwithus Hits Boston On Its Quest To Bring Group Meals for Strangers to 30 Cities This Year”
Ariad Eagerly Awaits the Big Show, ASCO, To Display Cancer Trial Results
Ariad Pharmaceuticals’ stock has surged 73 percent since New Year’s Day, so you could say CEO Harvey Berger is having a better-than-average year. The Cambridge, MA-based cancer drug developer has seen its market valuation eclipse $1 billion, on a wave of anticipation heading into what could be the most important medical meeting in his company’s … Continue reading “Ariad Eagerly Awaits the Big Show, ASCO, To Display Cancer Trial Results”
Hollywood Lights, Rock Gods, Cleantech Gurus, & More in the Seattle-Area Tech Roundup
With an established moviemaking hub so close in Vancouver, B.C., Seattle is probably never going to be ground zero for a lot of Hollywood productions. But this area’s entrepreneurs, with rich DNA in digital media, gaming, and e-commerce, could certainly make some waves by helping the entertainment industry navigate the digital era. In this piece, … Continue reading “Hollywood Lights, Rock Gods, Cleantech Gurus, & More in the Seattle-Area Tech Roundup”
Excelimmune Secures $5,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a52a0438-c09e-4da3-a269-01bcfb305c9f&Preview=1 Date 5/31/2011 Company Name Excelimmune Mailing Address 12-B Cabot Road Woburn, MA 01801 Company Description Excelimmune Inc., based in Cambridge, is a biotechnology company developing therapuetic applications of human recombinant polyclonal antibodies. Website http://www.excelimmune.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series B Proceeds Purposes In addition to doubling … Continue reading “Excelimmune Secures $5,000,000 Series B Financing”
Ivantis Secures $17,264,989 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f802b09a-be6e-455e-9493-e556de9e14e1&Preview=1 Date 5/31/2011 Company Name Ivantis Mailing Address 13766 Alton Parkway Irvine, CA 92618 Company Description The company provides medical devices for the treatment of glaucoma. Website http://www.ivantisinc.com Transaction Type Venture Equity Transaction Amount $17,264,989 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. Subsequent series A financing. SEC regulatory … Continue reading “Ivantis Secures $17,264,989 Series A Financing”
Metamarkets Lands $6,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=412fc413-5f3f-4831-a204-30ed5687dd95&Preview=1 Date 5/31/2011 Company Name Metamarkets Mailing Address 350 Townsend St. San Francisco, CA 94107 Company Description Metamarkets provides price data and predictive analytics to large-scale global media companies. Website http://www.metamarketsgroup.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Undisclosed Proceeds Purposes Metamarkets will use the money to build out its … Continue reading “Metamarkets Lands $6,000,000 New Financing”
SiTime Secures $20,000,000 Series E Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=45d61f14-5211-45ab-a34e-8e691c4920ee&Preview=1 Date 5/31/2011 Company Name SiTime Mailing Address 990 Almanor Avenue Sunnyvale, CA 94085 Company Description SiTime is a fabless integrated circuit company developing silicon timing, clock, and RF chips, which incorporate Micro Electro Mechanical Systems (MEMS) timing reference devices inside standard silicon electronic chips, eliminating the need for quartz crystals. Website … Continue reading “SiTime Secures $20,000,000 Series E Funding Round”
Primus Power Receives $11,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5adf01d2-a30c-450e-a29d-dd07085ecde8&Preview=1 Date 5/31/2011 Company Name Primus Power Mailing Address 3967 Trust Way Hayward, CA 94545 Company Description Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation. Website http://www.primuspower.com Transaction Type … Continue reading “Primus Power Receives $11,000,000 New Financing”
Novophage Garners $5,750,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77beeb4c-fadf-4f9e-a167-04de286664ca&Preview=1 Date 5/31/2011 Company Name Novophage Mailing Address Undisclosed Cambridge, MA 02140 Company Description Novophage is developing a first-in-class anti-biofilm solution that is green and highly effective against biofilms. Website http://www.novophage.com Transaction Type Venture Equity Transaction Amount $5,750,000 Transaction Round Series A Proceeds Purposes The company will use the money to continue … Continue reading “Novophage Garners $5,750,000 Series A Funding Round”
Torax Medical Receives $4,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c14093f-2f2b-4237-a9b9-3269f4d8e3ce&Preview=1 Date 5/31/2011 Company Name Torax Medical Mailing Address 6901 East Fish Lake Road Maple Grove, MN 55369 Company Description Torax Medical, a clinical-stage medical device company founded in 2002 Website http://www.tm-partners.com Transaction Type Debt Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Amount may include options, … Continue reading “Torax Medical Receives $4,000,000 New Round”
BuySimple Secures $700,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6b48510-5d58-44ff-ae64-3692d35760bf&Preview=1 Date 5/31/2011 Company Name BuySimple Mailing Address Undisclosed Undisclosed, CA 95054 Company Description BuySimple is a painless way to buy little stuff online. It’s great for webapps, pictures, music, and movies. Website http://www.BuySimple.com Transaction Type Venture Equity Transaction Amount $700,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “BuySimple Secures $700,000 New Financing”
VMWare Acquires Socialcast for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d5589b2-c107-451e-8a38-933db52167bf&Preview=1 Date 5/31/2011 Company Name Socialcast Mailing Address 19 South Park Street San Francisco, CA 94107 Company Description Since 2005, Socialcast has been a leading provider of social networking platforms and solutions for both consumer-facing clients and enterprise customers. Based in Irvine, California, Socialcast is the only SaaS provider of private self-service … Continue reading “VMWare Acquires Socialcast for Undisclosed Sum”
QuickGifts Receives $1,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=04d1d376-f062-4f12-b123-b3d24ffe4fd4&Preview=1 Date 5/31/2011 Company Name QuickGifts Mailing Address Undisclosed Austin, TX 78753 Company Description QuickGifts makes it easy to find, buy, and deliver the perfect gift card —for any recipient or occasion. Website http://www.quickgifts.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “QuickGifts Receives $1,000,000 Series A Financing Round”
Lighten Up! A Briefing on Biophotonics
These days biophotonics is regarded as the key science for the next generation of clinical tools and biomedical research instrumentation. This Frontiers of Science presentation explains how biophotonics represents a breakthrough imaging technology for resolving fundamental questions in biology. Axel Nimmerjahn’s lab within the Salk Institute’s Waitt Advanced Biophotonics Center has developed light microscope tools … Continue reading “Lighten Up! A Briefing on Biophotonics”
How to Make “Made in San Diego” a Winning Business Model
The San Diego MIT Enterprise Forum is departing from its usual business case presentation to offer instead a panel discussion on near-sourcing versus outsourcing. Executives with different industry backgrounds and experience with near-sourcing and outsourcing will discuss their perspective on the good, bad, and ugly aspects of these contrasting strategies. More information and online registration … Continue reading “How to Make “Made in San Diego” a Winning Business Model”
Preparing for the Unexpected During an IPO or Follow-on Stock Offering
The pace of IPOs has increased so far this year, when compared with the same period of 2010. Even with the best planning, though, unexpected events occur can impact the financing process. Join our panel of financial, industry and legal experts as they discuss their experiences in dealing with adversity, current market dynamics, and key … Continue reading “Preparing for the Unexpected During an IPO or Follow-on Stock Offering”
Connect Workshop: Designing Your Company to Maximize Value
To navigate today’s markets successfully, a company should be designed as a flexible adaptive network, comprising a portfolio of businesses leveraging a central business model platform and an external partner ecosystem. For example, rather than focusing on just one business, the fragmentation and volatility of today’s markets mean a company must continually evolve its portfolio … Continue reading “Connect Workshop: Designing Your Company to Maximize Value”
Risk-Sharing as a Means to Market Access
The increasing cost of new healthcare technologies is leading payers to become more concerned about the financial impact of inappropriate or ineffective treatment. Manufacturers facing potential delays in market access or reimbursement are looking to innovative approaches including risk-sharing, pay-for-performance or value-based programs to allay the concerns of payers and health technology assessment programs. Biocom … Continue reading “Risk-Sharing as a Means to Market Access”
Driving Innovation: San Diego Electric Vehicle Showcase
Cleantech San Diego is spotlighting the region’s strong market for electric vehicle adoption, with interactive demonstration of leading EV-related technologies, including the Nissan Leaf EV, SDG&E fleet vehicles, Flux Power battery system in a Polaris ATV and Omega electric truck, and EV charging stations from General Electric. Cleantech San Diego also has invited former Indy … Continue reading “Driving Innovation: San Diego Electric Vehicle Showcase”
Early Exit Workshop Presented by the San Diego Tech Coast Angels
Early Exits offers a strategy for startup investors and entrepreneurs to build a new venture, prove a business model, and exit in two to three years without the need for multi-million dollar investments. Based on the book by Basil Peters, longtime angel investor and consultant Bill Payne is presenting the workshop in San Diego. Payne … Continue reading “Early Exit Workshop Presented by the San Diego Tech Coast Angels”
Physics for Politicians and Policy-Makers
Governmental science and technology advisor Roy Schwitters will speak on “Wanderings of a Physicist around Washington: The Importance of Technical Content Supporting Policy.” Schwitters is a professor of physics and former chair of the department of physics at the University of Texas at Austin, where he teaches and conducts research in experimental high energy physics. … Continue reading “Physics for Politicians and Policy-Makers”
San Diego Venture Group’s 9th Annual Venture Summit
The San Diego Venture Group has invited X Prize Foundation chairman and CEO Peter Diamandis to give the keynote address at this year’s venture summit. Best known for staging the $10 million Ansari X Prize for private spaceflight, the foundation has been organizing new incentive prizes in four areas: exploration, life sciences, energy & environment, … Continue reading “San Diego Venture Group’s 9th Annual Venture Summit”
Startup Weekend New York City
This 54-hour event brings together techies and business folks to field startup ideas. Startup teams spend the weekend working on customer development, validating their ideas, practicing LEAN startup methods, and building viable products. Register here.
From Startup to Business
Joshua Kushner, founder and managing partner of Thrive Capital, will teach this course on how to grow a startup into a profitable company. Attendees will learn how to establish a customer base, stand up to the competition, recruit and manage key employees, and more. Register here.
Mavenir Systems Obtains $40,000,000 Series E Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=98220bf7-4bc8-4a0a-8a3c-e616ddd0323a&Preview=1 Date 5/30/2011 Company Name Mavenir Systems Mailing Address 1700 International Parkway Richardson, TX 75081 Company Description Mavenir’s solutions, located between the access and the core, provide an efficient, cost-effective method to introduce tomorrow’s multimedia services across a multitude of access technologies, in an incremental fashion, with device and context aware intelligence. … Continue reading “Mavenir Systems Obtains $40,000,000 Series E Funding Round”
Mobilisafe Lands $1,200,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1041e036-5f38-4ed8-a2ce-35d1e9a79a59&Preview=1 Date 5/28/2011 Company Name Mobilisafe Mailing Address 5151 55th Ave. S. Seattle, WA 98118 Company Description The company is developing technologies to enable business IT departments to cope with mobile devices. Website http://mobilisafe.com Transaction Type Venture Equity Transaction Amount $1,200,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed, however … Continue reading “Mobilisafe Lands $1,200,000 New Funding Round”
Complete Genomics Adds $69M
Complete Genomics (NASDAQ: [[ticker:GNOM]]), the Mountain View, CA-based company that sequences entire human genomes for researchers, has raised about $69 million in a new stock offering. The company sold 5.5 million shares at $12.50 apiece, a 6 percent discount to the closing market price the day before the deal was announced. The offering got a … Continue reading “Complete Genomics Adds $69M”
NextEnergy: First Friday Networking Event
Attend TechTown’s First Friday networking event to hear stories from successful Detroit entrepreneurs who’ve plugged into the green movement, and also get tips from the pros on opportunities for entrepreneurs like you. Featured speakers: Carla Walker-Miller, President and CEO, Walker-Miller Energy Services, LLC. Walker-Miller Energy Services provides traditional as well as renewable and sustainable energy … Continue reading “NextEnergy: First Friday Networking Event”
Madrona, Trilogy Lead $1.2M Investment in Mobilisafe, Targeting Business IT Security Amid a Flood of Personal Gadgets
Aside from the occasional panic over distracted driving or general griping about bad manners, the rapid improvement in personal mobile computing over the past decade is usually portrayed as a happy occurrence. But the phenomenon is also creating a range of headaches for business IT people, who could rightfully see an arsenal of vulnerabilities in … Continue reading “Madrona, Trilogy Lead $1.2M Investment in Mobilisafe, Targeting Business IT Security Amid a Flood of Personal Gadgets”
Ann Arbor New Tech Meetup
Five presenters this month take the stage for ten minutes each, five minutes to demo and five minutes to answer questions, followed by open announcements and community networking. E-mail organizers at a2newtech.org if you’d like to present.
Mobile Monday: Android Software Platform
Speaker: Jon Oberheide, CTO of Duo Security and Walt Capers, Senior Software Architect for Compuware. Jon Oberheide’s presentation will deconstruct Google’s Android mobile platform and its security model, from the base OS, to the Android middleware, up to some case studies using third-party applications. As Android emerges as a leading OS in the mobile market, … Continue reading “Mobile Monday: Android Software Platform”
BioArbor: An Evening With Jeffrey Leiden
Jeffrey Leiden, MD, PhD is a Managing Director of Clarus Ventures, LLC, a life sciences venture capital firm headquartered in Cambridge, MA. Prior to joining Clarus in 2006, Dr. Leiden was President and COO of Abbott Laboratories, Pharmaceuticals Products Group, and a member of the Abbott Board of Directors and the TAP Board of Directors … Continue reading “BioArbor: An Evening With Jeffrey Leiden”
Report: Polaris Closes Seattle Office
A report by VentureWire this afternoon (although oddly post-dated to May 31) says Waltham, MA-based Polaris Venture Partners has closed its Seattle office. I’ve reached out to Polaris officials for comment but haven’t heard back as of this posting. According to Polaris’ website, the Seattle office was home base for co-founder and venture partner Steve … Continue reading “Report: Polaris Closes Seattle Office”
Optimer Wins FDA Approval of New Antibiotic for Hospital Infections
Turns out that Optimer Pharmaceuticals won’t have to spend the holiday weekend on pins and needles. The San Diego-based biotech company got its wish today, as the FDA approved Optimer’s first new product for sale in the U.S. The FDA cleared fidaxomicin (Dificid) as a new treatment for C. difficile, a hardy bacterial infection that … Continue reading “Optimer Wins FDA Approval of New Antibiotic for Hospital Infections”
A Roundup of Summer Startup Competitions, from Healthcare IT to Dark Matter
You weren’t actually thinking about taking Memorial Day Weekend off, were you? If you’re an entrepreneur and you want some (relatively) easy money or fame, it’s time to get moving on your entry for one of the many startup-oriented competitions underway this summer. Here are just four that have hit my inbox this week. —Morgenthaler … Continue reading “A Roundup of Summer Startup Competitions, from Healthcare IT to Dark Matter”
Solazyme Finds Investor Appetite for Renewables, Sees Shares Boom on Day One
Solazyme must be getting ready for a heck of a company party this Memorial Day weekend. The renewable oils company pulled off its long-awaited IPO last night, and got a quite bullish (although not exactly LinkedIn-style) reaction from investors. South San Francisco-based Solazyme (NASDAQ: [[ticker:SZYM]]) raised more than $197 million through its initial public offering … Continue reading “Solazyme Finds Investor Appetite for Renewables, Sees Shares Boom on Day One”
UW Business Plan Competition Winners: Clean Water, Better Food, & Next-Gen Medical Scans
[Updated at 12:30 to correct grand prize amount] After nearly two months of development, pitching, advice, and several rounds of judging, the 2011 University of Washington Business Plan Competition is a wrap. The annual event drew 104 teams this year, which the UW’s Foster Business School says is a record. Last night, winners were named … Continue reading “UW Business Plan Competition Winners: Clean Water, Better Food, & Next-Gen Medical Scans”
Creating Breakthrough – In Your Organization and Yourself
This event aims to help attendees identify breakthrough opportunities for their companies. Entrepreneurs will get help targeting challenges and figuring out ways to grow. Register here.
Founder Dialogues V
Acme Packet president and CEO Andy Ory will chat with Founder Collective’s Eric Paley at this fifth installment of Founder Dialogues. Come hear Ory dish on his ideas, challenges, and advice to budding entrepreneurs. Register here.
$20M More for MobileIron
Mountain View, CA-based mobile security company MobileIron has raised $20 million in Series D financing, according to an announcement today. The money came from existing investors, inclding Foundation Capital, Norwest Venture Partners, Sequoia Capital, and Storm Ventures. The startup said the funding will be used “to drive rapid global growth, accelerate initiatives for existing and … Continue reading “$20M More for MobileIron”
Entrepreneurial Street Survival: The Essential AC/DC Songlist
This may give away my age and musical tastes, but I’ve noticed how entrepreneurs nearly always end up sounding like AC/DC. It’s hard. It takes a long time. Capital raising is brutal. It’s a Long Way to the Top if You Wanna Rock and Roll. Over the years, I’ve mentioned some of the following. It … Continue reading “Entrepreneurial Street Survival: The Essential AC/DC Songlist”