Posts filtered by tags: Exits[x]


Facebook's C-Suite Continues to Melt Down Amid Zuckerberg's Plan to Bundle Products

Chris Cox, one of the first handful of engineers hired to Facebook, a close personal friend of Mark Zuckerberg’s and, until very recently, Chief Product Officer of the entire suite of the company’s products, is departing the company.Read more...
Tags: Facebook, Mark Zuckerberg, Science, Instagram, Whatsapp, Zuckerberg, Chris Cox, Chris Daniels, Exits

7 Tips for Biotech Companies Seeking Capital in a Volatile Market

Last year was a remarkable year for biotech companies going public. Not only did an unusually large number of biotech companies go public, but a significant number of early-stage biotech companies went public at premium valuations relative to their later-clinical stage peers.There were approximately 58 biotech IPOs in 2018 (excluding offerings with under $25 million of proceeds) for total gross proceeds of $6.3 billion [1], of which a significant number were early-stage companies — either in pre...
Tags: Deals, Startups, Legal, Law, Trends, Strategy, IPOs, National, Biotech, Financing, Investors, Life Sciences, Boston Xcon, Boulder/Denver Xcon, Detroit Xcon, National Xcon

Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month.The firm, based in San Diego’s coastal Cardiff-by-the-Sea community, was started by Bill Maris, who launched and previously headed Google’s corporate venture investment arm, GV (originally called Google Ventures).In an interview with Xconomy last year, the former Googler said his firm planned to focus most of its attention on investments at the juncture of life sci...
Tags: Google, Deals, Trends, Fundraising, Venture Capital, San Diego, Cardiff, Google Ventures, Bill Maris, Johnson & Johnson, National blog main, Xconomy, San Diego blog main, San Diego top stories, J&J, Exits

Healthcare Technology Bubble Concerns Are Likely Overblown

By nearly every measure, 2018 was a banner year for the venture capital industry, particularly in the healthcare technology sector.Over $130 billion of venture capital was invested across all sectors in the U.S., easily eclipsing the prior high-water mark in 2000 and nearly 4.8 times what was invested a decade ago.While certain sectors may now be demonstrating bubble-like tendencies, the data also reflect the activity of SoftBank’s ~$100 billion Vision Fund and other late start cross-over invest...
Tags: Amazon, Startups, Boston, Softbank, Trends, Tech, Debt, Vc, Software, Bitcoin, Healthcare, Treasury, Cryptocurrencies, Cleantech, Bubble, Cryptocurrency

From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall. As the year winds down, we’re reflecting on the big innovation trends and developments that will carry over to next year.Storylines in various sectors helped shape the overall narrative in 2018. Cell and gene therapies, cancer immun...
Tags: Deals, Startups, Technology, Cloud Computing, Trends, Tech, IPOs, It, People, Cybersecurity, Analysis, Vc, Software, Bitcoin, Bill Gates, Innovation

Veritas, Elliott Strike $5.7B Deal for Athenahealth

[Updated 11/12/18, 10:31 am, with deal terms.] Athenahealth has reached an agreement to be bought for approximately $5.7 billion in cash by private equity firms Veritas Capital and Evergreen Coast Capital, an affiliate of activist hedge fund Elliott Management.The acquisition was announced Monday morning. Reuters first reported the deal Sunday and said an official announcement was imminent. The agreement values the Watertown, MA-based healthcare IT company’s shares (NASDAQ: ATHN) at $135 apiece...
Tags: Deals, Ge, Boston, Trends, Tech, It, Vc, Software, Healthcare, Venture Capital, Private Equity, General Electric, Life Sciences, Healthtech, Reuters, Watertown

Report: Veritas, Elliott Strike $5.5B Deal for Athenahealth

Athenahealth will be bought by private equity firm Veritas Capital and activist hedge fund Elliott Management for $5.5 billion in cash, according to Reuters.The deal for the Watertown, MA, healthcare IT company is expected to be announced later today, according to the Reuters report, which cites sources familiar with the deal and says the agreement values the company’s shares at about $135 a piece. (Athenahealth’s shares ended Friday trading at $120.35 on the Nasdaq.)Athenahealth has been under...
Tags: Deals, Boston, Trends, It, Vc, Software, Healthcare, Venture Capital, Private Equity, Life Sciences, Reuters, Watertown, Elliott Management, Athenahealth, Veritas Capital, National blog main

What do you know about Consumer startups in Israel?

What do you know about Israeli B2C startups? In this post I shine a spotlight on the consumer segment in Israel and explore the trends in consumer tech in Israel. Continue Reading → This is a content summary only. Click on the post title to continue reading this post, share your comments, browse the website and more!
Tags: Israel, Trends, B2C, Content, Esports, Wix, Online Publishing, Houzz, B2b2c, Babylon, Consumer, ICQ, Exits, Israeli startups, Consumer Internet, Orcam

Zendesk expands into CRM with Base acquisition

Zendesk has mostly confined itself to customer service scenarios, but it seems that’s not enough anymore. If you want to truly know the customer behind the interaction, you need a customer system of record to go with the customer service component. To fill that need, Zendesk announced it was acquiring Base, a startup that has raised over $50 million. The companies did not share the purchase price, but Zendesk did report that the acquisition should not have a significant impact on revenue. Whi...
Tags: Fundings & Exits, Cloud, Enterprise, Tech, Customer Service, M&a, Mergers and Acquisitions, Base, CRM, Zendesk, Leary, Accel KKR, SugarCRM, Brent Leary, Exits, Salesforce Microsoft

Amazon Acquiring Online Pharmacy PillPack, Eyes Prescription Drug Market

It’s Amazon, not Walmart, that’s buying online pharmacy PillPack. The companies announced the deal Thursday morning but didn’t disclose any financial terms. The acquisition is expected to close in the second half of 2018. Back in April, Walmart was in serious talks to acquire PillPack. Those talks apparently broke down, and it’s no surprise that Amazon swooped in. Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been competing fiercely in both e-commerce and healthcare. The acquisition ...
Tags: Amazon, Deals, Startups, Boston, Trends, Walmart, It, Walgreens, Vc, Healthcare, Venture Capital, M&a, Mergers, TechStars, PillPack, Accel Partners

Too Many Venture Capital Cooks in the Kitchen?

At Correlation Ventures, we spend a fair amount of time using our proprietary database to identify the telltale signs of successful startups. One question we asked recently is whether there are diminishing returns for adding VCs to the board of directors at venture-backed startups. Many of us have seen highly effective boards where experienced and engaged VCs  work with management and independent directors, offering timely and valuable insights, guidance, and connections. Many of us also have se...
Tags: Deals, Startups, Entrepreneurship, Trends, People, Vc, Innovation, Venture Capital, San Diego, Corporate Governance, Performance, Correlation Ventures, Boston Xcon, Boulder/Denver Xcon, Detroit Xcon, National Xcon

A VC’s Wish for 2018: More Efficient Entrepreneurs

Tech companies continued to rake in massive amounts of venture capital last year, while the exit market was underwhelming. Xconomy reached out to Boston-area investor Eric Paley to put 2017 in perspective and find out what might be in store for the coming year. Paley’s early-stage venture firm, Founder Collective, has backed companies such as Uber, Cruise Automation, The Trade Desk, and Formlabs. Here are the highlights of our e-mail exchange: Xconomy: What’s your biggest takeaway from la...
Tags: Deals, Startups, Uber, Boston, Trends, Vc, M&a, Cargurus, Stitch Fix, Formlabs, Wayfair, Paley, Simplisafe, National blog main, Boston blog main, San Francisco blog main

After gBETA, UW Professor’s Latest Startup Aims to Ride Chatbot Wave

Virtual assistants have come a long way in the two decades since Microsoft (NASDAQ: MSFT) introduced Clippit, an animated paper clip that suggested tips and shortcuts to users as they worked in Word, Excel, and other Microsoft Office applications. The bot, commonly known as “Clippy,” drew endless ire and mockery—even from Microsoft—before the company retired him in the 2000s. Many users felt Clippy didn’t presume competence. For example, beginning a Word document with “Dear” caused Clippy...
Tags: Deals, Startups, Twitter, Microsoft, Trends, Vc, Wisconsin, Machine Learning, Microsoft Office, Oracle, NCR, Appdirect, Warf, Clippy, Pivotal, Enterprise Search

Soylent Founder Steps Down as CEO: 'If You Love Something, Set It Free'

In a blog post on Tuesday, Soylent founder Rob Rhinehart announced he was resigning as the company’s CEO. “If you love something, set it free,” his goodbye post began, which may not be the standard way to announce one is stepping down, but is still one of the more grounded statements from a man whose oeuvre includes…Read more...
Tags: Science, Rob Rhinehart, Soylent, Meal Replacement, Exits

Q3 2017 US VC report: Exit options dwindle while late-stage dealmaking reaches new heights

 U.S. startup investors were good at putting capital to work this past quarter. They weren’t as good at getting it back. Read More
Tags: TC, US, Tech, Venture Capital, Exits

As global startup exits grow, Europe sees its profile rise

 Looking at the number of exits produced and the total dollar volume those liquidity events commanded, the European startup scene has shown growth over the past year. That fact comes from the Startups M&A 2017 Report — made in partnership with Crunchbase and Mind the Bridge. So how much has changed since the last report? Read More
Tags: Travel, Startups, TC, Column, Europe, Mergers and Acquisitions, Exits

Regional Innovators Start Work to Promote Texas Ecosystem as a Whole

In building thriving startup ecosystems, experts say density is key. The idea is to have a critical mass of founders, investors, mentors, and executives mixing and mingling together. That sort of serendipity allows ideas to fully blossom. Think of Kendall Square or Sand Hill Road. But, for communities not on the East or West Coasts, meeting that definition of density has proved elusive. It’s difficult to retrofit some communities that developed around the automobile, which enabled sprawl....
Tags: Startups, New York, Texas, California, Massachusetts, San Francisco, Entrepreneurs, Trends, Investment, Cybersecurity, Software, Austin, Aol, Innovation, Venture Capital, Dallas

Dramatic Capital Inflows Continue in 2Q17… Trouble Ahead?

In an environment of microscopic interest rates, it is particularly interesting to read the Preqin 2Q17 Quarterly Update which exhaustively tracks all things private equity and venture capital. At the end of June 2017 there were 1,998 funds in market raising a total of $676 billion – a staggering sum – indicative of global investors desperately looking for alpha. Admittedly, SoftBank’s $100 billion Vision Fund skews the data somewhat but at the beginning of 2017, there were 1,834 managers raisin...
Tags: Deals, Startups, Wearables, Asia, Politics, Boston, Softbank, Trends, Investing, IPOs, Analysis, Vc, Policy, Healthcare, Venture Capital, Blue Apron

SocMetrics Scooped Up by Grapevine in Social Marketing Deal

[Corrected, 2:25pm. See below] ‘Tis the season for Boston tech startups founded in 2010—and their products—to get acquired. Kinvey and Intrepid were bought last month, and now it’s SocMetrics’ turn. The Cambridge, MA-based social marketing company’s original product—called SocMetrics Influencer Platform—has been snapped up by Grapevine, a Boston marketing tech firm. Terms of the deal weren’t disclosed. [A previous version of this paragraph said SocMetrics the company was acquired. Wording...
Tags: Deals, Startups, Internet, Boston, Marketing, Trends, Social Media, It, Vc, Software, Aol, Venture Capital, M&a, TechStars, Acquisitions, Grapevine

There’s no shame in a $100M startup

 The era of unicorn startups has created a distorted view of entrepreneurial success. All the talk about billion-dollar exits has inflated the numbers that define a win. Starting and selling a company for $100 million dollars is an outlier event in terms of pure entrepreneurial probability, but such outcomes are viewed as well short of success in many corners of today’s startup world. Read More
Tags: Fundings & Exits, Startups, TC, Column, Tech, Unicorns, Exits

Source: SmartBear Software Sold to Francisco Partners for $410M

SmartBear Software, a Somerville, MA-based provider of tools for software developers and testers, has sold a majority stake in the company to private equity firm Francisco Partners. The terms weren’t publicly disclosed, but a source with knowledge of the deal tells Xconomy the transaction has an enterprise value of $410 million. SmartBear Software was formed a few years ago in a merger of three companies: Automated QA, Pragmatic Software, and SmartBear. The merger was a private equity rol...
Tags: Deals, Enterprise, Boston, Trends, Tech, It, Vc, Software, Venture Capital, Applications, Private Equity, Exit, Insight Venture Partners, Somerville, Francisco Partners, Smartbear Software

The enterprise strikes back

 For startups working to sell to large corporations, their investors and their tens of thousands of employees, it’s welcome news. A confluence of factors may make 2017 fertile ground for tech offerings. The stock market is at record highs, last year’s IPO crop such as it was is outperforming the preceding group, 2017’s own brace of offerings are doing well in the market and… Read More
Tags: Startups, TC, Enterprise, IPOs, Exits, Enterprise Exits

Murata Pays $68M for Arctic Sand, to Combine with Peregrine Semi

Japan’s Murata Manufacturing has acquired Arctic Sand Technologies of Burlington, MA, and plans to combine Arctic Sand’s low-power semiconductor technology with its San Diego-based subsidiary, Peregrine Semiconductor. The purchase price was $68 million, according to a Peregrine spokeswoman. Arctic Sand, an MIT spinout founded in 2010, has developed semiconductor technology that consolidates a number of board-level power components onto a single chip for use in mobile devices, data centers...
Tags: Deals, Startups, Mobile, Japan, Hardware, Funding, Trends, It, Mit, Devices, Vc, Telecommunications, Venture Capital, San Diego, Mergers & Acquisitions, Financing

Full-Screen Ads Coming to Instagram Stories; Insights, Too

Instagram announced that Instagram Stories has reached 150 million daily active users, and those users will soon start seeing full-screen ads. The Facebook-owned photo- and video-sharing network also revealed the rollout of Stories insights within its Business Tools. Instagram Stories launched last August and reached the 150 million DAU mark Wednesday after topping 100 million last October. Instagram said in an  that it will test immersive, full screen ads in Instagram Stories with more than 30...
Tags: Videos, Facebook, Instagram, Seo, Insights, General Motors, Nike, Analytics, Netflix, Measurement, Stories, Experiences, Impressions, Qantas, Airbnb, Metrics

Boston Tech Agenda 2017: 5 Things to Watch For This Year

For Boston’s technology scene, 2016 was the year of GE, a new crop of local venture funds, ambitious initiatives to spark startups, another failed attempt to reform Massachusetts noncompete rules, a few billion-dollar-plus deals, and a pair of IPOs. On a personal note, 2016 marked my first full year covering Boston tech for Xconomy. It was a trying year overall (as I’m sure it was for many of you), but it was also a rewarding and fun one. (Check out some of my favorite stories here, here,...
Tags: Deals, Startups, Ge, Ipo, Boston, Massachusetts, Trends, Tech, Cybersecurity, Mit, Vc, M&a, Irobot, HubSpot, Digital Health, Healthtech

Few startups IPOed this year, but the ones that did soared

 There weren’t many tech IPOs this year, but they performed well. Just 14 venture-backed tech companies went public, according to Dealogic. This compares to 25 last year and the 40+ we saw in each of the five years before.  The last time we had fewer tech IPOs was in the 2009 financial crisis. Macroeconomic concerns related to oil prices, China and the Brexit made it a suboptimal… Read More
Tags: Fundings & Exits, China, Ipo, Tech, Stock Market, Nasdaq, Brexit, Exits

Political Focus on Rust Belt Could Help Boost VC Investment

Much has been written in the tech industry as a result of the Presidential election. Many coastal VCs and entrepreneurs believe that Trump’s America-first, anti-immigration platform could put the brakes on the venture industry’s core globalization strategies. While this may be true, regardless of which candidate you supported, most would agree that with chaos and disruption comes opportunity. We firmly believe mid-American VCs and entrepreneurs are well positioned to take advantage of future pol...
Tags: Startups, Texas, America, Trends, Investing, Vc, Venture Capital, M&a, Manufacturing, Houston, Trump, Mercury Fund, Boston Xcon, Boulder/Denver Xcon, Detroit Xcon, National Xcon

The Price of Growth: Founders’ Dilution

Founders of a company considering the various available fundraising options often ask the challenging question: Why take venture capital money, which may significantly dilute the founders and might result in a loss of control of the company? Although the venture capital path is always a possibility, founders are often concerned about the consequences of such investments. There are many benefits to obtaining venture capital financing, including: immediate access to a significant amount of capita...
Tags: Startups, Legal, Law, Entrepreneurship, Boston, Trends, Vc, Venture Capital, M&a, Mergers, Financing, Investors, Acquisitions, Boston Xcon, Detroit Xcon, National Xcon

Latest Data Show Venture Capital Industry on Pins and Needles

Given the obvious anxiety and frustration that surrounds us all, the U.S. venture industry is also exhibiting some fatigue as we finish the 88th month since the last recession. This is the fourth-longest period of economic growth in U.S. history (admittedly, at 2.1 percent, the growth over this period of time is the slowest since World War II). According to the National Venture Capital Association and PitchBook, this past quarter $15 billion was invested in 1,810 deals, which compares unfavorabl...
Tags: Deals, Startups, Ipo, Boston, Trends, Tech, Vc, Software, United Kingdom, M&a, Election, Dow Jones, Brexit, National Venture Capital Association, Greeley, NVCA

Exits in Canada: August 2016

As expected given the time of year, August was a slow month for IT exits in Canada with 5 deals closed (3 last month). However, an additional 5 deals were announced in the month (but not closed yet) including BCE’s purchase of Q9 Networks for $ 491M USD. So, perhaps that’s a good sign as we all get back to work. Here are the highlights for the closed deals last month: 5 deals closed (3 last month) 1 of the deals had a disclosed value ($ 13.2M). The companies were across Canada: Halifa...
Tags: Startups, US, Canada, BCE, Exiting, M & A, Exits