Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0bf52014-8c2c-43c1-ad72-780903ef1a8f&Preview=1 Date 8/4/2010 Company Name Blue Cod Technologies Mailing Address 295 Donald Lynch Blvd. Marlborough, MA 01752 Company Description Blue Cod Technologies, Inc. delivers Management and IT consulting, innovative software solutions and applications outsourcing services for today’s service industries such as insurance, financial services and utilities. Website http://www.bluecod.net Transaction Type Venture Equity … Continue reading “Blue Cod Technologies Obtains $8,000,000 New Funding Round”
Zulily Obtains $6,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=25bcda7d-4836-40f2-92df-df06554139c0&Preview=1 Date 8/4/2010 Company Name Zulily Mailing Address 505 5th Avenue South Seattle, WA 98104 Company Description Just what is zulily? It’s a fabulous new online store offering daily sales on top-quality apparel, gear and other goodies for moms, babies and kids. Members can enjoy savings of up to 70% off retail … Continue reading “Zulily Obtains $6,000,000 Series B Funding Round”
RealPractice Garners New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dcb43b11-80b2-4c0f-8c53-56bfdfda719d&Preview=1 Date 8/4/2010 Company Name RealPractice Mailing Address 4 Hutton Center Dr. Santa Ana, CA 92707 Company Description RealPractice helps attorneys and law firms to realize the potential of their practice. For nearly 10 years, the company has been providing innovative and trusted technology products and services to thousands of legal professionals, … Continue reading “RealPractice Garners New Funding”
Recurly Obtains $1,600,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=75ea4dae-1b34-4e96-be7d-511c77d11480&Preview=1 Date 8/4/2010 Company Name Recurly Mailing Address 69 Clementina Street San Francisco, CA 94105 Company Description Recurly makes subscription billing easy. No matter what your industry, Recurly wants to help you maximize your recurring revenue with minimal effort. Website http://www.recurly.com Transaction Type Venture Equity Transaction Amount $1,600,000 Transaction Round Undisclosed Proceeds … Continue reading “Recurly Obtains $1,600,000 New Financing Round”
Maskless Lithography Lands $4,100,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df80e156-484f-42ed-879f-f8177720ff06&Preview=1 Date 8/4/2010 Company Name Maskless Lithography Mailing Address 1507 Montalban Dr. San Jose, CA 95120 Company Description Develops direct imaging equipment to manufacture printed circuit boards. Website Undisclosed Transaction Type Debt, Venture Equity Transaction Amount $4,100,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
Redbeacon Obtains $7,400,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f50a3b9-43ff-4722-98a5-255e7fef3d1d&Preview=1 Date 8/4/2010 Company Name Redbeacon Mailing Address 16 E. 3rd Ave. San Mateo, CA 94401 Company Description Redbeacon isn’t like typical local search directories that simply return local business listings with ratings and reviews, leaving you to sort through dozens of entries. Instead, we notify businesses and professionals in your area … Continue reading “Redbeacon Obtains $7,400,000 Series A Funding Round”
WeShop Obtains $4,250,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=890fff60-8ad6-47fc-b233-38dc7609568b&Preview=1 Date 8/4/2010 Company Name WeShop Mailing Address Undisclosed New York, NY 10001 Company Description The company is developing an online shopping site that anonymously pools shopping information to provide the best offers to users. Website http://www.weshop.com Transaction Type Venture Equity Transaction Amount $4,250,000 Transaction Round Series A Proceeds Purposes Proceeds purposes … Continue reading “WeShop Obtains $4,250,000 Series A Financing Round”
Entech Lands $6,950,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1f773d4d-15bc-4cbe-8427-985070e9ab64&Preview=1 Date 8/4/2010 Company Name Entech Mailing Address 1077 Chisolm Trail Keller, TX 76248 Company Description ENTECH provides advanced solar energy technology for a variety of applications, ranging from daylighting systems for commercial buildings to solar power arrays for spacecraft. Website http://www.entechsolar.com Transaction Type Venture Equity Transaction Amount $6,950,000 Transaction Round Undisclosed … Continue reading “Entech Lands $6,950,000 New Funding”
Dendreon Conference Call Notebook: The Tale of a Provenge Launch Ramp-Up
Dendreon’s drug isn’t as simple as a pill in a bottle, and neither is telling the story about how it performs in the marketplace. But the Seattle-based biotech company offered a lot of information in a conference call today about how its groundbreaking prostate cancer drug is performing in its first few months on the … Continue reading “Dendreon Conference Call Notebook: The Tale of a Provenge Launch Ramp-Up”
Tech Coast Angels Forms New Fund to Make Collective Startup Investments
Southern California’s Tech Coast Angels (TCA) says today it is forming a new fund that will allow non-members to collectively participate in startup investments, a move that should add some firepower to TCA deals and could smooth out the funding process for entrepreneurs. The formation of the Angel Capital Entrepreneurial Fund (ACE Fund) comes at … Continue reading “Tech Coast Angels Forms New Fund to Make Collective Startup Investments”
Trius Ends First Day Trading at $5 a Share
San Diego’s Trius Therapeutics (NASDAQ: [[ticker:TSRX]]), which is developing technology for making a new class of antibiotic compounds, ended the day as it began this morning—at its initial public offering price of $5 a share. Trius was forced to cut its price to $5 a share yesterday (from a range of $12 to $14 per … Continue reading “Trius Ends First Day Trading at $5 a Share”
Hercules Provides $52M, Including $17M for San Diego’s Althea Technologies
Hercules Technology Growth Capital, (NASDAQ: [[ticker:HTGC]]), the Palo Alto, CA-based provider of venture debt and equity financing to technology, cleantech, and life sciences companies, says it closed on $52 million in new loan commitments in July—including $17 million for San Diego-based Althea Technologies. In a statement today, Hercules says it provided $15 million in financing … Continue reading “Hercules Provides $52M, Including $17M for San Diego’s Althea Technologies”
Usability Bootcamp
This workshop is out to bring users into the process of evaluating and improving your product design. It will highlight how incorporate customers into the process of testing software and product interfaces for ease of use.
Dendreon Misses Wall Street’s (Already Low) Expectations for Provenge Sales
Dendreon, in its first two months on the market, sold a lot less of its groundbreaking drug for prostate cancer than analysts were expecting. The Seattle-based biotech company (NASDAQ: [[ticker:DNDN]]) said it generated $2.81 million in sales of its first FDA-approved product, sipuleucel-T (Provenge) for prostate cancer. That’s less than the $4.4 million average estimate … Continue reading “Dendreon Misses Wall Street’s (Already Low) Expectations for Provenge Sales”
Appswell Powers iPhone App for GE Ecomagination Challenge in Cleantech
Cambridge, MA-based Appswell’s crowdsourced approach to mobile applications development is going green. The startup announced today it is powering the mobile app component for General Electric’s Ecomagination Challenge, a $200 million contest aimed at generating innovative ideas in renewable energy, smart grid technology, and eco-friendly building technology. Appswell, which describes itself as an “American Idol” … Continue reading “Appswell Powers iPhone App for GE Ecomagination Challenge in Cleantech”
GM Invests In Bright IDEA
GM Ventures, the new VC arm of General Motors, is investing $5 million in Bright Automotive, based in Anderson, IN, according to a Bright news release (PDF) and reports in The Wall Street Journal and Reuters. Bright develops plug-in hybrid electric vehicles. This investment will speed along development of a commercial vehicle called the Bright … Continue reading “GM Invests In Bright IDEA”
Most Automotive Infotainment Systems Will Run On Open-Source Genivi By 2015, Report Says
If you’re thinking about developing an app for use in automobiles, you might want to take a look at a new report released by the Genivi Alliance. The coalition of auto companies, suppliers, silicon providers, and software companies predicts its own open-source Genivi operating system will be running most in-vehicle infotainment systems by 2017. Genivi, … Continue reading “Most Automotive Infotainment Systems Will Run On Open-Source Genivi By 2015, Report Says”
SilverRail, $9M in Tow, Goes After International Railway Market in Online Travel
It’s about time someone cracked the online travel search-and-ticketing market for trains. Hotels and airlines are pretty crowded sectors, especially in the U.S., but railway systems might hold some promise—at least abroad. Enter SilverRail Technologies, a young company based in the Boston and London areas. Founded a year ago by CEO Aaron Gowell, formerly of … Continue reading “SilverRail, $9M in Tow, Goes After International Railway Market in Online Travel”
PerkinElmer Buys VisEn Medical
Waltham, MA-based PerkinElmer (NYSE:[[ticker:PKI]]), a provider of research technologies and diagnostics, has acquired VisEn Medical for an undisclosed sum, according to the companies. Bedford, MA-based VisEn, which makes in vivo fluorescence imaging products, was co-founded in 2000 by Ralph Weissleder, the director of the Center for Systems Biology at Massachusetts General Hospital, and company CEO … Continue reading “PerkinElmer Buys VisEn Medical”
You’re Invited to an Open House Celebrating Xconomy’s Arrival in San Francisco
We may be little bit behind schedule with this, given that we launched Xconomy San Francisco on June 14, but hey, it’s never too late to throw a party. All of our new friends and fans in the Bay Area are cordially invited to an August 13 open house at Xconomy’s new San Francisco headquarters—which … Continue reading “You’re Invited to an Open House Celebrating Xconomy’s Arrival in San Francisco”
VigLink Grabs Wheel at DrivingRevenue
San Francisco based VigLink, a maker of automated affiliate marketing software for Web publishers, said yesterday that it has acquired Chicago-based competitor DrivingRevenue. VigLink investors Google Ventures and First Round capital “more than doubled” their investments in VigLink in order to finance the acquisition, according to a blog post by VigLink CEO Oliver Roup. He … Continue reading “VigLink Grabs Wheel at DrivingRevenue”
Investors Send $15M to YouSendIt
Campbell, CA-based YouSendIt, whose software allows companies to use the Internet to securely transfer files that are too large to be sent by e-mail, announced today that it has raised $15 million in Series D funding. New investor Adams Street Partners led the financing round, which also included existing investors Emergence Capital, Sigma Partners and … Continue reading “Investors Send $15M to YouSendIt”
Genentech Agrees to Pay Seattle Genetics Up to $900M for “Empowered Antibodies”
Genentech and Seattle Genetics have been working together for eight years on how to make antibody drugs that can really firebomb cancer cells, and today they are raising the ante in a big way. Seattle Genetics (NASDAQ: [[ticker:SGEN]]) said today that Genentech, the U.S.-based unit of Roche, has agreed to pay $12 million in upfront … Continue reading “Genentech Agrees to Pay Seattle Genetics Up to $900M for “Empowered Antibodies””
Pfenex Gets $19M for Anthrax Vaccine
The federal Biomedical Advanced Research and Development Authority (BARDA) has awarded funding that could be worth as much as $18.8 million to San Diego-based Pfenex to help develop an anthrax vaccine. The authority was established within the U.S. Department of Health and Human Services to manage the procurement and development of advanced medical countermeasures for … Continue reading “Pfenex Gets $19M for Anthrax Vaccine”
Seattle’s Growing Advantage in The Cloud
Cloud computing and biotech are the two most important nonlinearly-growing economic sectors. These two sectors intersect in Seattle in a unique way that has important implications for all involved. Small changes now will make big changes in what our lives are like decades from today, and Seattleites will have a ringside seat. For now, there … Continue reading “Seattle’s Growing Advantage in The Cloud”
Casenet Nabs $2M Debt Deal
Casenet, a Bedford, MA-based provider of health management software, has raised $2 million in a debt and rights financing, according to an SEC filing. The company previously raised $5 million in a similar debt financing in May 2009 and a $7.5 million Series B round led by HLM Venture Partners in Boston in November 2007. … Continue reading “Casenet Nabs $2M Debt Deal”
Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 2
On Monday I published the first part of a double-header post excerpting the most interesting talks from last week’s AngelConf event at Y Combinator in Mountain View, CA. Attended by some 120 nascent angel investors—very few of whom looked more than 35 years old—the conference was designed to give a group of experienced angel investors … Continue reading “Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 2”
Who Are You? Charting the Demographics of Venture-Backed Internet Startups
Our friends at CB Insights, a New York information services firm that tracks investments in private companies, have been busy gathering new insights about the demographics of venture-backed Internet companies. They’ve put together a report based on data about the founders of 165 early stage Internet companies that raised their first round of institutional venture … Continue reading “Who Are You? Charting the Demographics of Venture-Backed Internet Startups”
Ascent Venture Partners Says Data Intelligence Is the Next Big Thing, Tech Startups Will Get Scooped Up Like Biotechs, and Bigger Isn’t Always Better
Boston-based Ascent Venture Partners seems to know what it’s good at. The firm, which started as a VC subsidiary of the Pioneer Group and went independent in 1999, has stayed faithful to its focus on early-stage IT companies. “We don’t try to redefine ourselves around every fund on what’s the flavor of the day,” Ascent … Continue reading “Ascent Venture Partners Says Data Intelligence Is the Next Big Thing, Tech Startups Will Get Scooped Up Like Biotechs, and Bigger Isn’t Always Better”
Dendreon Watchers: Buckle Up for Action in First Quarterly Report With Actual Sales
Dendreon followers, it’s time to get ready for another spin on the great NASDAQ merry-go-round later today. The Seattle-based biotech firm (NASDAQ: [[ticker:DNDN]]), a poster child for wild and sometimes irrational stock market swings, is preparing to release its first quarterly report this afternoon as a company with actual sales from a product. Whatever Dendreon … Continue reading “Dendreon Watchers: Buckle Up for Action in First Quarterly Report With Actual Sales”
Daptiv Acquired, DocuSign Inks Partnership, Healthcare and Energy Companies Bring in the Most Dough, & More Seattle-Area Deals News
It’s been a relatively slow week for Seattle-area technology deals (sunny weather strikes again!). Only one local tech startup reported financing over this last week, while, much like the week before, two others were acquired, this time both by big companies down south.. Take a look at this week’s highlights: —Seattle-based project management software developer … Continue reading “Daptiv Acquired, DocuSign Inks Partnership, Healthcare and Energy Companies Bring in the Most Dough, & More Seattle-Area Deals News”
The Embargo System in Science News Needs Some Peer Review
Ever wonder how it is that the day a big scientific paper is published, or a groundbreaking presentation is given at a meeting, all major media outlets seem to have the story right away? It doesn’t happen by chance. The massive coordination effort is known as the embargo system. It is one of the most … Continue reading “The Embargo System in Science News Needs Some Peer Review”
CaseNET Receives $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b78bea9a-d1db-4920-a588-c0f639a00f06&Preview=1 Date 8/3/2010 Company Name CaseNET Mailing Address 23 Crosby Drive Bedford, MA 01730 Company Description The company is a developer of care management software for workers’ compensation and health care organizations. Website http://www.casenetinc.com Transaction Type Debt Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “CaseNET Receives $2,000,000 New Funding Round”
SilverRail Technologies Garners $9,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c3736c72-8ea4-46cc-bdd3-e24a150a5bd1&Preview=1 Date 8/3/2010 Company Name SilverRail Technologies Mailing Address Undisclosed Boston, MA 02108 Company Description SilverRail connects the world of rail. We specialize in building best-in-class technical solutions that help Railways and Travel Distributors to easily connect with each other. Website http://www.silverrailtech.com Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Series … Continue reading “SilverRail Technologies Garners $9,000,000 Series A Funding”
PerkinElmer Acquires VisEn Medical for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c3f629d-888d-4c41-bfc1-77ac6733df4a&Preview=1 Date 8/3/2010 Company Name VisEn Medical Mailing Address 45 Wiggins Avenue Bedford, MA 01730 Company Description Founded in 2000 based on technologies developed at the Center for Molecular Imaging Research at the Massachusetts General Hospital, VisEn Medical is developing today’s leading molecular imaging product platforms. Website http://www.visenmedical.com Transaction Type M&A Transaction … Continue reading “PerkinElmer Acquires VisEn Medical for Undisclosed Sum”
VigLink Acquires Driving Revenue for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e9ede05-e7dc-40ec-8f08-6c0905dcd9ac&Preview=1 Date 8/3/2010 Company Name Driving Revenue Mailing Address 921 W. Van Buren Chicago, IL 60607 Company Description Driving Revenue is full service affiliate marketing solution comprised of online marketers, developers and analysts. Website http://www.DrivingRevenue.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction … Continue reading “VigLink Acquires Driving Revenue for Undisclosed Sum”
Xactly Corporation Receives $12,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c35ad122-bce2-41f9-babb-8e1bd1f9c261&Preview=1 Date 8/3/2010 Company Name Xactly Corporation Mailing Address 35 S. Market St San Jose, CA 95113 Company Description Xactly Corporation delivers on-demand sales compensation applications that enable companies to incent right and sell more. Website http://www.xactlycorp.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Undisclosed Proceeds Purposes The additional funding … Continue reading “Xactly Corporation Receives $12,000,000 New Financing Round”
YouSendIt Obtains $15,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=003de2fe-9371-4fc7-ab06-dcc3c24fc124&Preview=1 Date 8/3/2010 Company Name YouSendIt Mailing Address 1919 S.Bascom Ave. 3rd Floor Campbell, CA 95008 Company Description YouSendIt lets businesses, professionals and consumers move big files. If you know how to use email, you can easily use the YouSendIt service. YouSendIt currently has over 3 million registered users across 220 countries … Continue reading “YouSendIt Obtains $15,000,000 Series D Round”
Provade Lands $3,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3024b41-7988-4c4c-a31a-bcb47aff4dd0&Preview=1 Date 8/3/2010 Company Name Provade Mailing Address 999 Baker Way San Mateo, CA 94404 Company Description Provade is a strategic partner focusing on Oracle eBusiness and PeopleSoft procurement applications. Website http://www.provade.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes The company said it would use the funding … Continue reading “Provade Lands $3,000,000 New Funding”
eXelate Garners $15,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9051c086-2a38-40b4-b8b3-19766d7892ad&Preview=1 Date 8/3/2010 Company Name eXelate Mailing Address 7 W. 22nd St. Ninth Floor New York, NY 10010 Company Description eXelate was created to address the deficiency in targeted data, which we believe delays the progress of web-based advertising as a whole. Unlike the other major targeting-related players, eXelate believes in sharing … Continue reading “eXelate Garners $15,000,000 Series B Funding”
Bringing Together Tech and Politics-Bellevue
Join the Washington Technology Industry Association, the tech community, and Washington state representatives and senators on August 26th to network and discuss local politics, northwest technology sectors, and the intersection of both. For more information or to register, click here.
Bringing Together Tech and Politics—Seattle
Join the Washington Technology Industry Association, the tech community, and Washington state representatives and senators on August 24th to network and discuss local politics, northwest technology sectors, and the intersection of both. For more information or to register, click here.
Seattle Geek Week
Join countless other local techies at Seattle’s inaugural Geek Week, August 13th to 22nd, for ten days of “geeky” conferences, workshops, meetups, and parties. (Check out the schedule here.) All events are independently produced and will be put on at various locations throughout Seattle, Bellevue, and Redmond. For more information, click here.
The Intuit Case Study: Connecting the Dots Between Social Media and Business Outcomes
Join Kira Wampler, former group marketing manager of online engagement at Intuit, on August 10th at RealNetworks for a discussion about one of the biggest challenges for businesses using social media: making the connection between social activity and actual business performance. The event is being hosted by Social Media Breakfast Seattle. Those who can’t make … Continue reading “The Intuit Case Study: Connecting the Dots Between Social Media and Business Outcomes”
BioMarin Scraps Muscular Dystrophy Drug
BioMarin Pharmaceutical (NASDAQ: [[ticker:BMRN]]) said today it has halted development of an experimental drug for Duchenne Muscular Dystrophy after an early-stage clinical trial showed it was unlikely to be effective. While the result was discouraging for BMN 195, the company said in a separate statement that another drug, PEG-PAL, is showing “encouraging trends” in a … Continue reading “BioMarin Scraps Muscular Dystrophy Drug”
Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 1
You’ve been a part of the startup world for a while, and you’ve had a successful exit or two. You have some money laying around that you don’t know what to do with. You feel a vague sense of owing something back to the technology community, and you want to keep a hand in the … Continue reading “Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 1”
Delve Networks Acquired By Limelight
Delve Networks, the Seattle-based online video hosting and “search inside” video technology startup, said today it has been acquired by Tempe, AZ-based Limelight Networks (NASDAQ: [[ticker:LLNW]]). Though financial terms of the deal were not disclosed, blogger Dan Rayburn, at Businessofvideo.com, reported the deal valued Delve at about $10 million. Delve, founded in 2006 (then known … Continue reading “Delve Networks Acquired By Limelight”
DivX in TVs Made by China’s Skyworth
San Diego-based DivX (NASDAQ: [[ticker:DIVX]]), which is being acquired by Sonic Solutions (NASDAQ: [[ticker:SNIC]]) of Novato, CA, says today that one of the largest TV manufacturers in China, Skyworth, will integrate the DivX codec into its line of 2010 digital TVs. DivX technology allows digital videos to be compressed to a fraction of their original … Continue reading “DivX in TVs Made by China’s Skyworth”
Hackerspaces at Maker Faire Show and Tell How to Build a Better Detroit
Nate Bezanson sits at a table beneath the i3Detroit hackerspace tent at last weekend’s Detroit Maker Faire in Dearborn, MI. In front of him are two flashlights—one labeled “stock” and the other labeled “hacked.” The “stock” flashlight is your normal store-bought halogen model, the “hacked” one looks very much like it’s been, well, hacked to … Continue reading “Hackerspaces at Maker Faire Show and Tell How to Build a Better Detroit”
Trius Chops IPO Price, Offers More Shares
In a page taken from the discount retailing playbook, San Diego’s Trius Therapeutics slashed the proposed price of its pending IPO by roughly 60 percent and increased the number of shares it is offering by 67 percent. Trius now plans to offer at least 10 million shares at $5 apiece, after initially planning to sell … Continue reading “Trius Chops IPO Price, Offers More Shares”