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	<title>Xconomy &#187; Internet</title>
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	<pubDate>Fri, 10 Feb 2012 07:40:35 +0000</pubDate>
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		<title>Constant Contact and HubSpot: Some Boston-Area Marketing Tech News</title>
		<link>http://www.xconomy.com/boston/2012/02/10/constant-contact-and-hubspot-some-boston-area-marketing-tech-news/</link>
		<pubDate>Fri, 10 Feb 2012 05:01:35 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178429</guid>
		<description><![CDATA[Time for an update on Boston’s marketing tech cluster. It’s one of the real strengths of the local entrepreneurial ecosystem. And it looks like it’s getting stronger, with a couple of leaders making news this week. Here is a tale of two companies that have become competitors: —Constant Contact (NASDAQ: CTCT), the Waltham, MA-based online [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="110" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/CTCT-HubSpot-220x122.png" class="attachment-200x9999 wp-post-image" alt="Constant Contact and HubSpot" title="Constant Contact and HubSpot" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>Time for an update on Boston’s marketing tech cluster. It’s one of the real strengths of the local entrepreneurial ecosystem. And it looks like it’s getting stronger, with a couple of leaders making news this week. Here is a tale of two companies that have become competitors:</p>
<p>—<a href="http://www.constantcontact.com">Constant Contact</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=CTCT">CTCT</a>), the Waltham, MA-based online marketing firm, has seen its stock price <a href="http://www.forbes.com/sites/greatspeculations/2012/02/08/facebook-ipo-frenzy-spurs-constant-craving-for-constant-contact-stock/">jump nearly 30 percent</a>—from about $24 to just over $30—since Facebook filed for its IPO last week (coincidence?). Constant Contact has been <a href="http://www.xconomy.com/boston/2011/07/20/constant-contact-opens-ny-office-makes-big-shift-in-tech-for-creating-marketing-tools/">positioning itself as a leader in digital marketing</a> for small businesses across e-mail, social media, and Web platforms—especially social campaigns. The company also <a href="http://investor.constantcontact.com/releasedetail.cfm?ReleaseID=645893">released</a> some promising stats on its revenues and profits for 2011 and its most recent quarter.</p>
<p>—<a href="http://www.hubspot.com">HubSpot</a>, the Cambridge, MA-based marketing tech firm, <a href="http://techcrunch.com/2012/02/08/eyeing-an-ipo-hubspot-adds-akamais-cfo-and-former-ibm-exec-jd-sherman-as-coo/">said</a> it has hired J.D. Sherman, Akamai’s former chief financial officer (also a former IBM exec). The company says Sherman is being brought in partly to help it prepare for a future IPO. HubSpot has been hiring aggressively and working on new products, while it pares away others (like <a href="http://www.xconomy.com/boston/2011/08/18/hubspot-absorbs-oneforty-in-latest-boston-area-social-marketing-acquisition/">Oneforty.com, which it acquired last summer</a>). It remains to be seen whether the company will actually make it to an IPO before getting snapped up by Salesforce.com or some other suitor. </p>
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		<title>Smarterer, Senexx, &amp; Take the Interview: Some Talent Management News</title>
		<link>http://www.xconomy.com/boston/2012/02/09/smarterer-senexx-take-the-interview-some-talent-management-news/</link>
		<pubDate>Thu, 09 Feb 2012 15:42:14 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178431</guid>
		<description><![CDATA[Today’s West Coast announcement that Oracle is buying human resources management firm Taleo for $1.9 billion—yes, billion—puts some Boston-area talent and recruiting startups in a new light. Unfortunately, one of them is no longer in Boston… —Take the Interview, the video-based recruiting startup and former Dogpatch Labs Cambridge resident, has relocated to New York City [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2011/12/StockBiz5-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="stock biz 5" title="stock biz 5" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>Today’s <a href="http://dealbook.nytimes.com/2012/02/09/oracle-to-buy-taleo-for-1-9-billion/">West Coast announcement</a> that Oracle is buying human resources management firm Taleo for $1.9 billion—yes, billion—puts some Boston-area talent and recruiting startups in a new light. Unfortunately, one of them is no longer in Boston…</p>
<p>—<a href="http://www.taketheinterview.com">Take the Interview</a>, the video-based recruiting startup and former Dogpatch Labs Cambridge resident, has relocated to New York City (SoHo to be more exact). It’s not a big surprise, as the company was part of the DreamIt Ventures startup program in New York last summer. Take the Interview, led by CEO Danielle Weinblatt, <a href="http://www.xconomy.com/boston/2011/09/09/take-the-interview-takes-in-775k-for-job-screening-via-video/">raised a seed funding round last September</a>.</p>
<p>—Boston-based <a href="http://www.smarterer.com">Smarterer</a>, a skills-test startup that’s trying to reinvent the resume, has hit a possible inflection point. According to <a href="http://smarterer.com/blog/2012/01/30/1250inoneweek/">co-founder Dave Balter</a>, the company had 800,000 skills questions answered online over the past year, but recently that figure increased by 250,000 in just five days. <a href="http://bostinno.com/2012/01/30/smarterer-hits-magic-button-grows-1250-in-one-week/">Chalk it up</a> to focusing on who wants to use the product and then who <em>has</em> to use the product (employers vs. job seekers). Smarterer is led by <a href="http://www.xconomy.com/boston/2011/06/14/60-seconds-with-smarterer-ceo-jennifer-fremont-smith/">CEO Jennifer Fremont-Smith</a>; the company raised a seed round last year.</p>
<p>—<a href="http://www.senexx.com">Senexx</a>, an expertise-management startup based in Cambridge, MA, and Israel, <a href="http://www.senexx.com/blog/why-did-we-collaborate-with-powerinbox/">has collaborated</a> with fellow Cambridge startup <a href="http://www.powerinbox.com">PowerInbox</a> to build a Web application that runs in people’s e-mail systems and helps them find expertise and share knowledge within their company or organization. This is an interesting partnership between a couple of early-stage startups trying to do big things in social enterprise apps, using e-mail as the platform.</p>
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		<title>Is DVP’s Quest to Get Startups to Detroit Working? Ask Shawn Geller</title>
		<link>http://www.xconomy.com/detroit/2012/02/08/is-dvps-quest-to-get-startups-to-detroit-working-ask-shawn-geller/</link>
		<pubDate>Wed, 08 Feb 2012 20:29:29 +0000</pubDate>
		<dc:creator>Sarah Schmid</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178238</guid>
		<description><![CDATA[[Corrected 2/9/12, 9:05 a.m. See below.] A few weeks ago, Dan Gilbert and the Detroit Venture Partners (DVP) crew welcomed reporters for a tour of the newly renovated Madison Building in downtown Detroit. Gilbert had recently spent $12 million to turn the former theater into a sort of fantasy workspace for budding entrepreneurs, and the [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/Shawn_Geller-e1328730159530-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="Shawn Geller" title="Shawn Geller" /></div> 
		<strong>Sarah Schmid</strong>
		<p>[<em>Corrected 2/9/12, 9:05 a.m. See below.</em>] A few weeks ago, Dan Gilbert and the <a href="http://www.xconomy.com/detroit/2011/07/21/magic-johnson-joins-and-funds-detroit-venture-partners/">Detroit Venture Partners</a> (DVP) crew welcomed reporters for a tour of the newly renovated <a href="http://bedrockmgt.com/madison.html">Madison Building</a> in downtown Detroit. Gilbert had recently spent $12 million to turn the former theater into a sort of fantasy workspace for budding entrepreneurs, and the results of his makeover didn’t disappoint.</p>
<p>The building features plenty of walls that function as whiteboards, a 150-seat auditorium that seems the perfect place to host an investor pitch meeting, and a stunning rooftop kitchen and deck that overlook Comerica Park, home of the Detroit Tigers. Little flourishes, like the exposed brick and the fact that some of the graffiti found in the building during renovations has been preserved, give the space a young, slightly edgy feel. All of it is meant to transform the Madison Building into a destination for startups across the nation—and if the story of <a href="http://www.quikk.ly/">Quikkly</a>‘s Shawn Geller is any indication, it’s working.</p>
<p>Geller, a native of Pennsylvania, graduated from Temple University in 2009. While in school, he was bothered by what he saw as a disconnect between the small mom and pop stores surrounding the campus and the students they sought as customers.</p>
<p>“It wasn’t just local stores, but even the national brands would only come on campus one day a year with student ambassadors,” Geller says, noting the cost and inefficiency of that strategy. “It wasn’t a good model whatsoever.”</p>
<p>Geller worked with local merchants in need of promotion to create a simple landing page where students could find coupons and send them to their phones via text message. They would then claim the coupon by showing the text message at the store offering the discount.</p>
<p>Word of mouth quickly spread, and Geller built up a database of about 3,000 Temple students. He then went around to different restaurants and stores and asked them what their slowest times and days were. Armed with that information, he created his first “flash deal,” where he sent a text out to his database offering the first 150 people who responded within a certain amount of time a large pizza for $5. When close to 100 students went in to the pizzeria to claim their coupons, Geller knew he was onto something.</p>
<p>“It was a very cool way of testing the market,” Geller says. “Groupon was less relevant then, so it was exciting to be able to drive student interest in such a short amount of time.”</p>
<p>Geller began incorporating Facebook social gestures into his platform and named his startup Student Coupons. Soon, friends who didn’t attend Temple were noticing the Facebook posts and asking how they, too, could take advantage of the coupons.</p>
<p>Geller starting working with Jason Lorimer, another Philly entrepreneur, to refine and scale up his business model. Lorimer had just begun spending time in Detroit first as a tourist visiting a friend, and then as an entrepreneur scouting for opportunities. Lorimer connected Geller with Josh Linkner, DVP’s managing partner, after he saw some common ground between the national brands Geller hoped to snag as clients <span class="read_more"> <a href="http://www.xconomy.com/detroit/2012/02/08/is-dvps-quest-to-get-startups-to-detroit-working-ask-shawn-geller/2/"> … Next Page »</a></span></p>
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		<title>Akamai Buys Blaze as Web Optimization Heats Up in Boston</title>
		<link>http://www.xconomy.com/boston/2012/02/08/akamai-buys-blaze-as-web-optimization-heats-up-in-boston/</link>
		<pubDate>Wed, 08 Feb 2012 18:28:36 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
				<category><![CDATA[Boston]]></category>
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		<category><![CDATA[Chris Sheehan]]></category>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178268</guid>
		<description><![CDATA[A young Canadian software startup with Boston investors is now part of a big Boston-area company. Ottawa-based Blaze Software has been acquired by Cambridge, MA-based Akamai (NASDAQ: AKAM) for an undisclosed cash sum. What’s interesting here is that Akamai, the Web content delivery and networking giant, is making a move into Web performance optimization—basically tackling [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="101" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/akamai-logo-220x112.jpg" class="attachment-200x9999 wp-post-image" alt="Akamai" title="Akamai" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>A young Canadian software startup with Boston investors is now part of a big Boston-area company. Ottawa-based Blaze Software <a href="http://www.akamai.com/html/about/press/releases/2012/press_020812.html">has been acquired</a> by Cambridge, MA-based Akamai (NASDAQ: <a href="http://finance.yahoo.com/q?s=AKAM">AKAM</a>) for an undisclosed cash sum.</p>
<p>What’s interesting here is that Akamai, the Web content delivery and networking giant, is making a move into Web performance optimization—basically tackling Web performance at the browser level (what some call “front end”), rather than the network level. Akamai has been positioning itself as a one-stop provider of a secure platform for businesses to reach customers via the Web, mobile, and cloud. That approach also includes, among other things, speeding up Web and mobile applications, as evidenced by the company’s <a href="http://www.xconomy.com/boston/2011/12/22/akamai-to-buy-cotendo-for-268m/">recent acquisition of its California-based rival Cotendo</a> for $268 million.</p>
<p>Today’s deal is no doubt smaller than that, but it could be an important sign of things to come—especially around Boston. Blaze started in 2010, and its seed funding came from local investors CommonAngels and Boston Seed Capital. So why sell now?</p>
<p>“You always have a choice of how you want to grow the business,” says Chris Sheehan, managing director of CommonAngels. “It made a lot of sense for the guys to partner up with Akamai, who’s so strong in the [content delivery network] space. When I made the investment, [Web performance optimization] was just beginning. The timing was sooner than I expected. But in the last 12 months, this whole thing has really started to take off.” [<em>Disclosure: CommonAngels is an investor in Xconomy, and Sheehan is a board member at Xconomy</em>.]</p>
<p>Blaze’s approach is to optimize the code on Web pages so as to speed up the transmission of content and render pages faster on whatever device the customer is browsing on—PC, tablet, or smartphone. This is particularly useful for e-commerce and media sites, which tend to get gummed up by lots of different pieces of code loading on them. The company’s technology (and team) will be integrated into Akamai’s cloud platform, said Rick McConnell, executive vice president of products and development at Akamai, in a statement.</p>
<p>In <a href="http://www.xconomy.com/boston/2011/06/30/yottaa-and-sitespect-find-ways-to-make-money-by-making-websites-faster-more-targeted/">speeding up websites</a>, Blaze competes directly with Boston-based companies <a href="http://www.yottaa.com">Yottaa</a> (which is also in Boston Seed’s portfolio) and <a href="http://www.sitespect.com">SiteSpect</a>. Google’s team in Kendall Square also released a free tool for Web page optimization in the fall of 2010.</p>
<p>It’s not just about making websites faster, however. All of the above companies have been trying to combine Web optimization with business analytics so as to help businesses track things like sales and customer behavior more effectively. Now Akamai is firmly in the game, and we’ll see how that affects the competitive landscape.</p>
<p>“It’s going to make it a lot harder,” Sheehan says. “It puts a lot of pressure on the other startups.”</p>
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		<title>Zoora Aims to Marry Indie Designers with Shoppers Hungry for Options</title>
		<link>http://www.xconomy.com/boston/2012/02/08/zoora-aims-to-marry-indie-designers-with-shoppers-hungry-for-options/</link>
		<pubDate>Wed, 08 Feb 2012 13:00:32 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178164</guid>
		<description><![CDATA[She started her career as a management consultant, but Aubrie Pagano says she always knew she wanted to be an entrepreneur. And she was particularly energized by fashion. So Pagano spent her free hours assisting local Boston designer Emily Muller in launching her collection, in exchange for the opportunity to get some firsthand experience in [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="60" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/ZooraLogo-220x66.png" class="attachment-200x9999 wp-post-image" alt="ZooraLogo" title="ZooraLogo" /></div> 
		<strong>Erin Kutz</strong>
		<p>She started her career as a management consultant, but Aubrie Pagano says she always knew she wanted to be an entrepreneur. And she was particularly energized by fashion.</p>
<p>So Pagano spent her free hours assisting local Boston designer Emily Muller in launching her collection, in exchange for the opportunity to get some firsthand experience in the independent fashion design space. There she discovered that designers face a particular challenge—one that would eventually inspire Pagano to create the e-commerce startup Zoora.</p>
<p>“Its hard for independent designers to scale because there’s a discovery issue,” says Pagano. “[Muller] has a great website buts nobody goes to it.”</p>
<p>And as a shopper, Pagano says she’s felt like she’s had to settle for a piece of clothing that just isn’t quite right. Women like her are the perfect customer base for independent designers, she says.</p>
<p>“Something that a lot of people don’t know about independent designers is that they’re really flexible,” Pagano says.</p>
<p>Just last Monday, Pagano opened the Zoora <a href="https://www.zoo-ra.com/">website</a> to the public, to offer women clothing that they can customize to best fit their measurements and taste. Her hope is that the women who feel underserved by traditional retail will bring independent designers the traffic—and business—they so desperately need.</p>
<p>Zoora joins a <a href="http://www.xconomy.com/boston/2011/02/08/what%E2%80%99s-with-all-the-mass-customization-startups-in-boston-one-investor%E2%80%99s-opinion/">booming cluster of Boston companies in the space of mass customization</a>, where e-commerce platforms allow shoppers to select and tailor products to better fit their preferences. As my colleague Greg has pointed out previously, these companies offer shoppers personalized jewelry (Gemvara), bags (F. Rock), girls clothing (FashionPlaytes), men’s dress shirts  (Boston’s Blank Label and Proper Cloth in New York), and even bras (Zyrra).</p>
<p>Pagano started working on Zoora (a name inspired by “misura,” the Italian word for measurement) last spring, and made hiring a head buyer her first move. Since then, the company has enlisted about a dozen designers (including Muller) to sell garments on the site with options for customization. Another designer is Althea Harper, a former contestant on the Lifetime show Project Runway. (Worth noting, <a href="http://www.xconomy.com/new-york/2011/06/13/send-the-trend-looking-to-transform-the-way-women-shop-comes-from-reluctant-entrepreneur/">New York fashion tech startup Send the Trend</a> has Project Runway veteran and winner Christian Siriano on staff.)</p>
<p>The customizations to Zoora garments fall into two baskets, says Pagano: “made-to-measure adjustments” and “ready-to-wear tweaks.” With the first category, customers input their specific measurements, which designers take into account to create a garment that’s a perfect fit. With “ready-to-wear tweaks,” meanwhile, garments come in standard sizes, but offer different options for elements like fabric, necklines, sleeves, and hem length.</p>
<p>The Zoora team now consists of <span class="read_more"> <a href="http://www.xconomy.com/boston/2012/02/08/zoora-aims-to-marry-indie-designers-with-shoppers-hungry-for-options/2/"> … Next Page »</a></span></p>
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		<title>Brightcove, Radius, Synchroneuron, &amp; More Boston-Area Dealmakers</title>
		<link>http://www.xconomy.com/boston/2012/02/08/brightcove-radius-experiment-fund-more-boston-area-dealmakers/</link>
		<pubDate>Wed, 08 Feb 2012 05:01:39 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=178155</guid>
		<description><![CDATA[Plans for IPOs and venture funding dominated the New England deals news this week. —A new seed fund, backed by venture firm New Enterprise Associates and hosted by Harvard, came out of the woodwork last week. The Experiment Fund will invest up to $250,000 in seed funding in selected startups, with a focus on technologies [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/pile-of-cash-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="pile-of-cash" title="pile-of-cash" /></div> 
		<strong>Erin Kutz</strong>
		<p>Plans for IPOs and venture funding dominated the New England deals news this week.</p>
<p>—A new seed fund, backed by venture firm New Enterprise Associates and hosted by Harvard, came out of the woodwork last week. The <a href="http://www.xconomy.com/boston/2012/01/31/harvard-experiment-fund-backed-by-nea-joins-crowded-investor-field/">Experiment Fund will invest up to $250,000 in seed funding in selected startups</a>, with a focus on technologies that come out of Cambridge, MA. The news broke just a few days ahead of Facebook—the one that got away—revealing its plans to go public.</p>
<p>—Radius Health, a Cambridge-based startup working on treatments for osteoporosis, filed paperwork indicating its plans to raise as much as <a href="http://www.xconomy.com/boston/2012/02/07/radius-health-seeks-86m-ipo/">$86 million in an initial public offering</a>.</p>
<p>—A PricewaterhouseCoopers and National Venture Capital Association <a href="http://www.xconomy.com/new-york/2012/02/07/life-sciences-vc-investing-up-in-dollar-value-down-in-deal-volume/">report shows a mixed picture for life sciences investing in 2011</a>, my colleague Arlene reported. Biotech companies raised $4.7 billion, showing a 22 percent increase over 2010, but the deal volume for the sector dropped 9 percent to 446 transactions. Medical devices companies also showed an increase in funding dollars but a drop in number of deals.</p>
<p>—Cambridge-based Brightcove set the price range of its initial public offering at $10 to $12 per share, according to an amended <a href="http://www.sec.gov/Archives/edgar/data/1313275/000119312512040155/d200370ds1a.htm">filing</a> with the SEC. The video hosting startup plans to sell 5 million shares, and give underwriters the option to purchase another 750,000 shares. Brightcove first filed paperwork last August indicating it intended to raise <a href="http://www.xconomy.com/boston/2011/08/24/brightcove-seeks-50m-ipo/">$50 million in an IPO</a>.</p>
<p>—Synchroneuron of Waltham, MA, <a href="http://www.businesswire.com/news/home/20120206006411/en/Synchroneuron-Completes-6-Million-Series-Financing-Fund">nabbed</a> $6 million in Series A funding from Morningside Technology Ventures. The startup is developing treatments for movement disorders such as tardive dyskinesia.</p>
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		<title>Rapid7′s Mike Tuchen on Cyber Espionage and Startup Lessons</title>
		<link>http://www.xconomy.com/boston/2012/02/06/rapid7s-mike-tuchen-on-cyber-espionage-and-startup-lessons/</link>
		<pubDate>Mon, 06 Feb 2012 17:51:21 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=177961</guid>
		<description><![CDATA[How are companies spying on each other these days? One of the surprising ways I’ve heard about recently is through the webcam in boardrooms. That’s right, apparently it’s easy to hack into some companies’ video conference systems, because they lie outside typical security measures. Companies sometimes set up video conferences so they can be accessed [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="25" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/rapid7-logo-220x28.jpg" class="attachment-200x9999 wp-post-image" alt="Rapid7" title="Rapid7" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>How are companies spying on each other these days? One of the surprising ways I’ve heard about recently is through the webcam in boardrooms.</p>
<p>That’s right, apparently it’s easy to hack into some companies’ video conference systems, because they lie outside typical security measures. Companies sometimes set up video conferences so they can be accessed directly on the Internet—leaving the door open for eavesdroppers to listen in on meetings, or even remotely monitor a conference room via the camera.</p>
<p>One local software company is helping organizations <a href="http://www.rapid7.com/resources/webcast-boardroom.jsp">guard against this threat</a>—and many others. Boston-based <a href="http://www.rapid7.com">Rapid7</a> is one of the leaders in the growing cluster of IT security companies around town. Rapid7’s approach is complementary to firms like NitroSecurity (recently acquired by Intel/McAfee) and Q1 Labs (bought by IBM), which help organizations guard against security threats in their computer networks and systems.</p>
<p>What Rapid7 does is help organizations find security flaws throughout their IT infrastructure, and then test whether they’ve been corrected. To fuel its growth, the company <a href="http://www.xconomy.com/boston/2011/11/17/rapid7-roars-ahead-with-50m-for-security-software-expansion/">raised a $50 million Series C round from Technology Crossover Ventures</a> in November—one of the largest tech venture rounds in the Boston area lately. (Rapid7 has raised $59 million to date.)</p>
<p><a href="http://www.xconomy.com/boston/2012/02/06/rapid7s-mike-tuchen-on-cyber-espionage-and-startup-lessons/attachment/mike-tuchen/" rel="attachment wp-att-178007"><img src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/Mike-Tuchen.jpg" alt="" title="Mike Tuchen" width="150" height="161" class="alignleft size-full wp-image-178007" /></a></p>
<p>“There’s a lot of cyber-espionage going on in business,” says Mike Tuchen, Rapid7’s CEO (see photo, left). The activity ranges from stealing sales plans, financial information, and intellectual property, to the aforementioned boardroom eavesdropping, he says. And, of course, it’s not just companies spying on each other; it’s governments and nation states as well, all trying to get their hands on everything from Citibank credit card numbers to the special sauce in Apple’s iPad design.</p>
<p>What’s a CEO to do? If you’re Mike Tuchen, you take a promising company and try to make it better. Tuchen joined Rapid7 as chief executive in 2008. (The company has been around since 2000.) Previously he worked at Microsoft as a group program manager and general manager of SQL server marketing. An engineer by training, he also worked at Sun Microsystems and co-founded Paramark, a dot-com-era online advertising startup.</p>
<p>When he arrived at Rapid7, brought in by Bain Capital Ventures (the firm’s original VC investor), Tuchen saw a company that had “a great engineering and sales team” but not much else. He says he didn’t have to tear up the company, just bring in some key additions: marketing, channel partners, new processes, and a broader product roadmap, including a more international market focus.</p>
<p>So far the effort seems to be paying off. The company has grown to about 240 employees (about half in Boston), and Tuchen says revenues<span class="read_more"> <a href="http://www.xconomy.com/boston/2012/02/06/rapid7s-mike-tuchen-on-cyber-espionage-and-startup-lessons/2/"> … Next Page »</a></span></p>
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		<title>Boston Startups: Get Aggressive in Working with Big Companies</title>
		<link>http://www.xconomy.com/boston/2012/02/03/boston-startups-get-aggressive-in-working-with-big-companies/</link>
		<pubDate>Fri, 03 Feb 2012 11:00:01 +0000</pubDate>
		<dc:creator>Robert DiLoreto</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=177502</guid>
		<description><![CDATA[Boston startups should be focusing more on creating strategic partnerships with big companies. An “if we build it, they will come” mindset appears to dominate the Boston startup scene. Too many startups also rely mostly on a pricing and plans revenue model combined with implementing the latest inside sales and marketing 2.0 tools to “get [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Robert DiLoreto</strong>
		<p>Boston startups should be focusing more on creating strategic partnerships with big companies.</p>
<p>An “if we build it, they will come” mindset appears to dominate the Boston startup scene. Too many startups also rely mostly on a pricing and plans revenue model combined with implementing the latest inside sales and marketing 2.0 tools to “get found” while driving demand. A complementary and proactive approach in targeting big companies for strategic partnerships is needed.</p>
<p>Wake up… Most big companies have realized that their current set of technology providers lack the innovation and speed to deliver new competitive solutions. There are new sets of problems that need to be solved that may not have existed even a few years ago. As a result, new innovation programs and budgets have been established, led by senior executives. Their motivation is to fund pilots with emerging technology providers that most times lead to a much larger transaction and partnership strategy.  Interesting areas include mobility, social, analytics, and cloud computing.</p>
<p>Take advantage of these customer-funded opportunities as these dollars may also complement your angel and VC funding efforts.  Plus, for those leveraging lean startup principles, incorporating a big company “voice” to validate your product development roadmap may commit them to buy additional products and enhancements in the future.</p>
<p>If big companies are approached correctly, senior executives leading innovation programs will make swift decisions. Unfortunately, there are major challenges I see within the startup community to take advantage of these budgets. These include:</p>
<p>• Little focus on proactively targeting big companies. Also, the startup team and their mentors may not possess the sales skills or experience to effectively connect with and relate to big-company senior executives.</p>
<p>• Boston startups are too focused on the product and technology. Big companies are also evaluating their ability to work and collaborate with the startup team. Chemistry is important to these executives.</p>
<p>• You are not the center of the universe. There may be additional value in extending and leveraging existing ecosystem investments.</p>
<p>What I am describing here is not an outdated sales process where the cost to acquire a customer is high and the sales cycles are very long.</p>
<p>Keep in mind that big companies would rather<span class="read_more"> <a href="http://www.xconomy.com/boston/2012/02/03/boston-startups-get-aggressive-in-working-with-big-companies/2/"> … Next Page »</a></span></p>
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		<title>7 Lessons from TechStars’ David Cohen on Building a Startup Culture</title>
		<link>http://www.xconomy.com/san-diego/2012/02/03/techstars-david-cohen-on-reviving-san-diegos-startup-culture/</link>
		<pubDate>Fri, 03 Feb 2012 07:40:21 +0000</pubDate>
		<dc:creator>Bruce V. Bigelow</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=177431</guid>
		<description><![CDATA[When it comes to tech startups—especially in Internet software and app development—San Diego has been adrift in the horse latitudes. That’s the term Spanish mariners had for the waters where the trade winds died out for days and even weeks at a time. Becalmed sailors desperate to gain some headway would heave their horses overboard [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/TechStars-CEO-David-Cohen-300x200-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="TechStars CEO David Cohen 300x200" title="TechStars CEO David Cohen 300x200" /></div> 
		<strong>Bruce V. Bigelow</strong>
		<p>When it comes to tech startups—especially in Internet software and app development—San Diego has been adrift in the horse latitudes. That’s the term Spanish mariners had for the waters where the trade winds died out for days and even weeks at a time. Becalmed sailors desperate to gain some headway would heave their horses overboard to reach the New World.</p>
<p>It hasn’t reached that point yet in San Diego, but you would never know that software was once a thriving entrepreneurial community here. Even now, the software sector accounts for more than a third of San Diego’s private technology companies. <a href="http://www.xconomy.com/san-diego/2011/09/20/jason-mendelson-the-elvis-of-innovation-offers-some-lessons-for-san-diegos-tech-sector/?single_page=true">But as I’ve written previously,</a> it feels as if the local software companies speak different languages. In contrast to the flourishing tech hubs in Seattle, Boston, and New York—not to mention Silicon Valley—San Diego’s software scene is sleepy and indifferent.</p>
<p>Still, there are signs of a freshening breeze.</p>
<div id="attachment_177446" class="wp-caption alignleft" style="width: 310px"><img class="size-large wp-image-177446" title="David Cohen at UCSD" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/David-Cohen-at-UCSD-300x182.jpg" alt="" width="300" height="182" /><p class="wp-caption-text">David Cohen last week at UC San Diego</p></div>
<p>Scores of new seed-stage startups have begun to emerge throughout the region, including a dozen that just moved into the new <a href="http://www.xconomy.com/san-diego/2012/02/01/san-diegos-new-downtown-incubator-opens-doors-to-internet-startups/">EvoNexus incubator in downtown San Diego.</a> These emerging companies are led by young entrepreneurs who view San Diego’s innovation establishment as old-school and irrelevant. They are turning out instead for informal “hackathons” and “meetups.” They tell me they’re yearning for real mentoring by real tech entrepreneurs, and for access to real tech investors who are really investing.</p>
<p>Last week, more than 200 people turned out to hear David Cohen talk at U.C. San Diego about <a href="http://www.techstars.com/">TechStars</a>, the early stage fund and accelerator program for Internet startups that he co-founded with three partners in Boulder, CO, six years ago. Cohen is the CEO, and by any measure, the startup program has been wildly successful.</p>
<p>TechStars enrolled its first 10 Internet startups in 2007, providing as much as $18,000 in seed funding and an intense, three-month mentorship program for each company in exchange for a 6 percent stake. Since then, TechStars has expanded to<span class="read_more"> <a href="http://www.xconomy.com/san-diego/2012/02/03/techstars-david-cohen-on-reviving-san-diegos-startup-culture/2/"> … Next Page »</a></span></p>
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		<title>Social Shopping App Snapette’s “Unexpected” Journey Takes It To NY</title>
		<link>http://www.xconomy.com/new-york/2012/02/02/social-shopping-app-snapette%e2%80%99s-%e2%80%9cunexpected%e2%80%9d-journey-takes-it-to-ny/</link>
		<pubDate>Thu, 02 Feb 2012 08:00:31 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=177276</guid>
		<description><![CDATA[Snapette was supposed to be an unusual way for Sarah Paiji to spend the summer between her two years at Harvard Business School. It was a mobile app idea she started working on last winter with Harvard alum Jinhee Ahn Kim, aimed at enabling women to better share and find fashion products in brick-and-mortar stores. [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="126" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/SnapetteLogo-220x139.png" class="attachment-200x9999 wp-post-image" alt="SnapetteLogo" title="SnapetteLogo" /></div> 
		<strong>Erin Kutz</strong>
		<p>Snapette was supposed to be an unusual way for Sarah Paiji to spend the summer between her two years at Harvard Business School. It was a mobile app idea she started working on last winter with Harvard alum Jinhee Ahn Kim, aimed at enabling women to better share and find fashion products in brick-and-mortar stores.</p>
<p>Then, two days before school was set to wrap up that first year, a Twitter interaction with the colorful Silicon Valley investor <a href="http://500hats.typepad.com/">Dave McClure</a> more or less changed all that, Paiji says. She tweeted an infographic about local shopping, which McClure then retweeted. He also <a href="http://www.twylah.com/davemcclure/tweets/67943931182186496">directed</a> his Twitter followers to sign up for the <a href="http://www.snapette.com">Snapette</a> fashion app. The resulting traffic clued Paiji in to the fact that McClure was someone important in the startup world.</p>
<p>At the suggestion of friends, Paiji reached out to McClure, who runs the <a href="http://500.co/  ">500 Startups</a> seed fund and accelerator in Mountain View, CA, to share some more information on her company.  “He liked the idea but said he doesn’t know anything about fashion,” she says. So McClure passed Snapette along to his 500 Startups partner Christine Tsai and Jess Lee, founder of fashion tech startup Polyvore, to take a look at the company. Snapette got the OK, the 500 Startups fund invested an initial $50,000, and Snapette left its digs at Boston’s MassChallenge program to join McClure’s <a href="http://500.co/accelerator/">accelerator</a>—three weeks after it had already started.</p>
<p>Now, Paiji is working full-time on Snapette and has no foreseeable plans to return to business school. The <a href="http://www.xconomy.com/new-york/2011/09/01/500-startups-brings-its-latest-grads-to-new-york/">500 Startups demo day</a> in August put Snapette in front of  700 investors.”If they’re interested, it’s hard to say you’re going to back to school and will do this on the side,” says Paiji.</p>
<p>“It was very thematic of the whole journey: unexpected,” she says.</p>
<p>(And this isn’t the first startup I’ve written about whose <a href="http://www.xconomy.com/boston/2010/10/15/twitter-plea-helps-baydin-get-seed-money-from-angel-investor-dave-mcclure-startup-moving-to-the-valley-next-month/">Twitter interactions with McClure ultimately led to inking an investment from him</a>. The other one would be Cambridge, MA-founded and now San Francisco-based Baydin.)</p>
<p>Snapette officially launched its app in late August in conjunction with demo day, and Kim and Paiji finished up the year at Dogpatch Labs in Palo Alto, CA. The company also continued to be a part of the MassChallenge program remotely, Paiji says.</p>
<p>Just last month, it made the move to New York City (to Dogpatch Labs, again) to be near the “high shopping density of boutiques and users,” says Paiji, who I caught up with in Boston this week.</p>
<p>There’s plenty of buzz around social, local, mobile, and even fashion tech startups. So what makes Snapette different? Most of the plug-ins and apps and platforms aimed at better tailoring shopping to consumer preferences exist in the online world. Not so much for the physical world. “Our idea was, we would love to help women find great products in stores using crowdsourcing,” Paiji says.</p>
<p>Snapette’s iPhone and iPad interface provides a stream of product pictures that have been uploaded by the user community, with information on the brand, price, and store that carries it. Users can search streams near them, and get directions to the store selling the products nearby.  They can also interact with and follow others in the Snapette community, share products to other social media outlets, and view a stream of what products are hot and trending based on likes and comments on Snapette.</p>
<p>“It feels like <a href="http://mashable.com/2011/10/07/pinterest/">Pinterest</a> for the real world,” says Paiji. (The comparison had to be drawn.)</p>
<p>Snapette has since expanded beyond this crowdsourced content, and is explicitly partnering with brands and boutiques looking <span class="read_more"> <a href="http://www.xconomy.com/new-york/2012/02/02/social-shopping-app-snapette%e2%80%99s-%e2%80%9cunexpected%e2%80%9d-journey-takes-it-to-ny/2/"> … Next Page »</a></span></p>
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		<title>San Diego’s New Downtown Incubator Opens Doors to Internet Startups</title>
		<link>http://www.xconomy.com/san-diego/2012/02/01/san-diegos-new-downtown-incubator-opens-doors-to-internet-startups/</link>
		<pubDate>Wed, 01 Feb 2012 13:15:45 +0000</pubDate>
		<dc:creator>Bruce V. Bigelow</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=177145</guid>
		<description><![CDATA[After previewing its expansion plans last summer, San Diego’s EvoNexus, the free startup incubator established by the non-profit technology group CommNexus, has opened a newly renovated downtown office space. A dozen early stage companies began moving into the incubator Monday. CommNexus founded EvoNexus in 2009, when San Diego’s innovation economy was reeling from the Great [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/02/EvoNexus-101-W.Broadway-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="EvoNexus 101 W.Broadway" title="EvoNexus 101 W.Broadway" /></div> 
		<strong>Bruce V. Bigelow</strong>
		<p><a href="http://www.xconomy.com/san-diego/2011/08/31/san-diegos-evonexus-eyes-downtown-move-and-expansion/">After previewing its expansion plans last summer, San Diego’s EvoNexus</a>, the free startup incubator established by the non-profit technology group CommNexus, has opened a newly renovated downtown office space. A dozen early stage companies began moving into the incubator Monday.</p>
<p>CommNexus founded EvoNexus in 2009, when San Diego’s innovation economy was reeling from the Great Recession. The incubator has taken in 14 companies so far, including six that have moved out of the EvoNexus incubator in University City. Office space, utilities, and other services are provided to startups free of charge, and companies leave with no obligations to EvoNexus or CommNexus.</p>
<p>“As far as we know, we’re the only pro bono incubator in the country,” EvoNexus chairman Kevin Hell says in a statement issued late yesterday. “The goal is to grow sustainable tech companies and expand the industry here in San Diego.”</p>
<p>When the EvoNexus incubator first opened in Sorrento Valley, organizers said they wanted to host startups developing advanced communications technologies, including wireless life sciences and smart grid networking.</p>
<p>Since then, CommNexus moved EvoNexus to University City and broadened its criteria. The industry group established the new downtown EvoNexus to host startups that are focused primarily on developing Internet software, Web services, gaming, social networking, and cloud computing technologies. The privately held Irvine Co. made the 15,000-square foot space available to EvoNexus at no cost. The incubator takes up an entire floor of the building at 101 W. Broadway, known locally as the AT&amp;T building.</p>
<p>Hell says he sees parallels in the downtown San Diego locale with San Francisco’s SoMa, the downtown neighborhood South of Market Street that has become a magnet for social media startups and mobile app developers. The nightlife, housing, and amenities available in San Diego’s city center should appeal to young entrepreneurs, Hell says.</p>
<p>CommNexus plans to continue to operate its incubator in University City. The 12 companies in the new downtown space are:</p>
<p><strong><a href="http://www.antengo.com/">Antengo</a>:</strong> Real-time mobile classifieds.</p>
<p><strong><a href="http://bigsho.com/">BigSho:</a></strong> Social webcam game show.</p>
<p><strong><a href="http://www.chatmeter.com/">Chatmeter:</a></strong> Online reputation management.</p>
<p><strong><a href="http://fashioningchange.com/">Fashioning Change</a>:</strong> Shopping experience for eco-friendly apparel.</p>
<p><strong><a href="http://www.saambaa.com/">Saambaa:</a></strong> Social media app for finding things to do.</p>
<p><strong><a href="http://www.swoopthat.com/">SwoopThat</a>:</strong> Online textbook shopping by course.</p>
<p><strong><a href="http://tapchow.com/">TapChow:</a></strong> Cloud-based restaurant experience manger.</p>
<p><strong><a href="http://www.taphunter.com/">Taphunter:</a></strong> Mobile app for locating places that serve craft beer.</p>
<p><strong><a href="http://ugliapps.com/">UgliApps</a>:</strong> Mobile apps focused on food.</p>
<p><strong>Voluware: </strong>Saas healthcare information software.</p>
<p><strong><a href="xpenser.com">Xpenser</a>: </strong>Web-based tracking of business expenses, time, and mileage.</p>
<p><a href="http://www.zambig.com/"><strong>Zambig:</strong></a> Web-based service that provides online outlet for radio ads.</p>
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		<title>StockTwits Expands Services Through Alliance, Hints of More to Come</title>
		<link>http://www.xconomy.com/san-diego/2012/01/31/stocktwits-expands-services-through-alliance-hints-of-more-to-come/</link>
		<pubDate>Tue, 31 Jan 2012 13:00:46 +0000</pubDate>
		<dc:creator>Bruce V. Bigelow</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176989</guid>
		<description><![CDATA[San Diego’s StockTwits is developing a bit of a Canadian accent, eh, through a partnership being announced today with Toronto-based Q4 Web Systems, which provides online investor relations services for publicly traded companies throughout North America. StockTwits is an online social media network that enables traders and shareholders to share their market insights, ideas, charts, [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/StockTwits-COO-Francis-Costello-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="StockTwits COO Francis Costello" title="StockTwits COO Francis Costello" /></div> 
		<strong>Bruce V. Bigelow</strong>
		<p>San Diego’s StockTwits is developing a bit of a Canadian accent, eh, through a partnership being announced today with Toronto-based Q4 Web Systems, which provides online investor relations services for publicly traded companies throughout North America.</p>
<p>StockTwits is an online social media network that enables traders and shareholders to share their market insights, ideas, charts, and news in real time via Twitter. The startup structures financial and investor-related information from its Twitter feed by stock, user, reputation, and other criteria. StockTwits also enables users to save the stocks they follow to their own portfolios and to limit the comments tweeted about each stock to trusted sources.</p>
<p>As <a href="http://www.xconomy.com/san-diego/2011/08/17/san-diegos-stock-twits-aims-its-social-media-tweets-at-the-wall-street-people-who-matter/">I reported last summer</a>, the four-year-old startup has determined that its chief source of revenue also lies with the investor relations and public relations units of publicly traded companies.</p>
<p>By introducing a ticker tag symbol for publicly traded stocks, $(ticker), StockTwits makes it possible for public companies to sign up for a higher level of StockTwits’ Web service and to “claim” their stock tickers. Once claimed, a company’s IR and PR teams can use the ticker tag to distribute corporate information over the Web in real time.</p>
<p>By partnering with Q4, StockTwits plans to integrate its services with the subscription-based services that Q4 provides its corporate customers. Q4 says its website services include more than 30 IR “best practices” modules that help companies properly provide information and other services to investors and shareholders.</p>
<p>“We’re working with them to make it easier for people to use both of our products,” says Francis Costello, StockTwits’ chief operating officer. He tells me StockTwits has more<span class="read_more"> <a href="http://www.xconomy.com/san-diego/2012/01/31/stocktwits-expands-services-through-alliance-hints-of-more-to-come/2/"> … Next Page »</a></span></p>
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		<title>Sigma Partners Leads $10M Venture Round in San Diego’s MOGL</title>
		<link>http://www.xconomy.com/san-diego/2012/01/31/sigma-partners-leads-10m-venture-round-in-san-diegos-mogl/</link>
		<pubDate>Tue, 31 Jan 2012 08:00:47 +0000</pubDate>
		<dc:creator>Bruce V. Bigelow</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176999</guid>
		<description><![CDATA[San Diego’s MOGL, a Web-based customer loyalty and rewards program for restaurants and bars, says it has raised $10 million in venture funding to fuel its expansion into San Francisco, New York, and other markets. The Menlo Park, CA, office of Sigma Partners led the Series B round, which was joined by San Diego’s Avalon [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="133" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/MOGL-startup-team-220x147.jpg" class="attachment-200x9999 wp-post-image" alt="MOGL startup team" title="MOGL startup team" /></div> 
		<strong>Bruce V. Bigelow</strong>
		<p>San Diego’s <a href="http://www.mogl.com/">MOGL</a>, a Web-based customer loyalty and rewards program for restaurants and bars, says it has raised $10 million in venture funding to fuel its expansion into San Francisco, New York, and other markets.</p>
<p>The Menlo Park, CA, office of Sigma Partners led the Series B round, which was joined by San Diego’s Avalon Ventures and Austin, TX-based Austin Ventures. That brings total funding for MOGL to $12.4 million, according to a statement from the company. Entrepreneurs Jon Carder, Jarrod Cuzens, and Jeff Federman started MOGL in 2010.</p>
<p>The Internet startup offers its customers multiple incentives for returning to member restaurants and bars, using a mixture of technology, games, and psychology. The incentives include a 10 percent cash back each time a customer returns to eat at participating restaurants. A contest  offers monthly cash prizes to the top three most-frequent customers at each locale. Customers also can automatically donate a meal to someone in need every time they spend $20.</p>
<div id="attachment_177004" class="wp-caption alignleft" style="width: 310px"><img class="size-large wp-image-177004" title="MOGL Web Homepage2" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/MOGL-Web-Homepage2-300x468.png" alt="" width="300" height="468" /><p class="wp-caption-text">MOGL Homepage Screenshot</p></div>
<p>MOGL says it provides customer analytics and return-on-investment data for participating bars and eateries. In a statement from the company, Sigma partner Peter Solvik says, “The MOGL team has generated an explosive response from both consumers and restaurant partners, while effectively positioning itself as the most innovative loyalty platform of its kind.”</p>
<p>Since it was launched last April, MOGL has signed up nearly 350 Southern California-based eateries and bars, donated more than 27,000 meals to Feeding America, and has rewarded its members with more than $350,000 in cash back to date.</p>
<p>The company also offers a location-based mobile app for iPhone and Android, so MOGL members can easily locate participating restaurants while on the go. The mobile apps also help customers track their cash rewards and jackpot opportunities, as well as the number of meals donated in their name.</p>
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		<title>Vsnap Building Business on Vision of “Ubiquitous” Video Messaging</title>
		<link>http://www.xconomy.com/boston/2012/01/31/vsnap-building-business-on-vision-of-ubiquitous-video-messaging/</link>
		<pubDate>Tue, 31 Jan 2012 05:01:16 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176932</guid>
		<description><![CDATA[The blow from getting a higher-than-expected bill from someone like your lawyer could be softened it if came attached to a 60-second video message explaining the special things he or she actually did in detail. At least, that’s what Dave McLaughlin thinks—and he’s building his new startup Vsnap around the idea. McLaughlin has been around [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/icon_vsnap_512-e1327961960975-220x146.png" class="attachment-200x9999 wp-post-image" alt="icon_vsnap_512" title="icon_vsnap_512" /></div> 
		<strong>Erin Kutz</strong>
		<p>The blow from getting a higher-than-expected bill from someone like your lawyer could be softened it if came attached to a 60-second video message explaining the special things he or she actually did in detail.</p>
<p>At least, that’s what Dave McLaughlin thinks—and he’s building his new startup <a href="https://vsnap.com/">Vsnap</a> around the idea.</p>
<p>McLaughlin has been around the block before as an entrepreneur. He co-founded the mobile payments startup Fig Card, which was <a href="http://www.xconomy.com/boston/2011/05/02/paypal%E2%80%99s-pickup-of-fig-card-the-end-of-eons-and-the-bose-mit-lovefest-some-thoughts/  ">acquired by eBay last spring</a>. Coincidentally, the 2011 application deadline for MassChallenge fell on the day that acquisition closed, so McLaughlin hurriedly finished the paperwork for the startup accelerator—and nabbed a spot.  He’s also joined at Vsnap by chief technical officer Claudia Santoro, former vice president of engineering for the restaurant-focused software startup Exit41.</p>
<p>Vsnap didn’t take home one of the MassChallenge checks in October, but it’s now pulling in early customers—like Suffolk University and Schering Plough’s alumni association—to test out its alpha product and is readying itself to introduce its beta product sometime in February.</p>
<p>Here’s how it’s supposed to work: Users log into the Vsnap interface, record a 60-second video using their phone or computer camera, add descriptions, and can add attachments such as PDF files or Web URLs. Vsnap sends the package out through e-mail.  Users can also record a video “signature” about themselves that will accompany all the messages they send. Currently the technology can be accessed via a Web browser, but Vsnap is developing iPhone and Android apps as part of the beta release.</p>
<p>The customer target for Vsnap is “any industry that has a low conversion rate but a higher price point,” says Joe Nigro, business development manager at the startup. That’s because lower priced products and services typically e-mail and communicate thousands of customers at once, and video messaging that many recipients could land you in a spam folder pretty quickly.</p>
<p>Vsnap was first thought up to fulfill a personal need, says McLaughlin. His cousin, Jim Joyce, lives in Ireland and is from the U.S., while his wife’s family lives in Italy. He started shooting video snapshots of his kids to send to his family in different time zones. When Fig Card sold, McLaughlin decided to join his cousin on this new idea rather than move on to PayPal, he says. Vsnap still offers a free consumer service, but business messaging has become its focus.</p>
<p>Vsnap is currently developing its pricing model, which will vary depending on the number of Vsnaps a user sends and their access to Vsnap analytics. The analytics can measure things like if and when the recipients viewed the video and how they interacted with the attachments. Currently, recipients of the video message have to view the video message in a separate link, but Vsnap is working with <a href="http://www.xconomy.com/boston/2011/07/28/powerinbox-sees-the-future-of-social-software-platforms-and-its-name-is%E2%80%A6-e-mail/  ">PowerInbox, another local startup</a>, to build out the capabilities for video viewing right in the e-mail inbox.</p>
<p>Vsnap recently <a href="http://masschallenge.org/blog/2011-alumni-vsnap-and-libboo-win-big-mtdc">nabbed</a> a $40,000 investment from the Massachusetts Technology Development Corp. MTDC had previously <a href="http://www.mtdc.com/newsroom/pressreleases/2011/pr20111018.html#http://www.mtdc.com/newsroom/pressreleases/2011/pr20111018.html">said</a> it <span class="read_more"> <a href="http://www.xconomy.com/boston/2012/01/31/vsnap-building-business-on-vision-of-ubiquitous-video-messaging/2/"> … Next Page »</a></span></p>
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		<title>San Diego Tech Roundup: Qualcomm, TechStars, Apps Challenge &amp; More</title>
		<link>http://www.xconomy.com/san-diego/2012/01/30/san-diego-tech-roundup-qualcomm-techstars-apps-challenge-more/</link>
		<pubDate>Mon, 30 Jan 2012 18:01:55 +0000</pubDate>
		<dc:creator>Bruce V. Bigelow</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176879</guid>
		<description><![CDATA[—Peter Clarke of EE Times reported that San Diego’s Qualcomm (NASDAQ: QCOM) has acquired Andover, MA-based Pixtronix, a startup founded in 2005 to develop Microelectromechanical systems (MEMS) display technology. Qualcomm, which confirmed the deal with EE Times but provided no details or press release about the deal, reportedly spent between $175 million and $200 million [...]]]></description>
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		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="133" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/San-Diego-skyline-300x200-stock-Depositphotos-Yuri-Konovalov-220x147.jpg" class="attachment-200x9999 wp-post-image" alt="San Diego skyline" title="San Diego skyline" /></div> 
		<strong>Bruce V. Bigelow</strong>
		<p>—Peter Clarke of EE Times <a href="http://www.eetimes.com/electronics-news/4235298/Qualcomm-buys-MEMS-display-startup">reported</a> that San Diego’s <strong>Qualcomm</strong> (NASDAQ: <a href="http://finance.yahoo.com/q?s=QCOM">QCOM</a>) has acquired Andover, MA-based Pixtronix, a startup founded in 2005 to develop Microelectromechanical systems (MEMS) display technology. Qualcomm, which confirmed the deal with EE Times but provided no details or press release about the deal, reportedly spent between $175 million and $200 million for Pixtronix. The Massachusetts company founded by Nesbitt Hagood raised more than $53 million in venture funding, athough the Pixtronix technology has not yet been introduced to the market. Qualcomm has spent years working to refine its own MEMS-based display technology—known as Mirasol.</p>
<p>—More than 200 entrepreneurs turned out to hear TechStars founder and CEO David Cohen talk about the startup accelerator program he helped to launch in Boulder, CO, in 2007. Cohen told the rapt audience during a <a href="http://www.meetup.com/SanDiego-Tech-Founders/">San Diego Tech Founders</a> meetup that the Internet software community in Boulder “is just totally on fire” compared to five years ago. This was the night after Cohen met with local tech leaders to discuss the steps that helped boost the entrepreneurial ecosystem in the Colorado college town. <strong>Xconomy San Diego</strong> arranged the dinner discussion, and I plan to have more about our conversation later this week.</p>
<p>—Meteorologist <a href="http://www.xconomy.com/san-diego/2012/01/25/earthrisk-figures-odds-in-long-range-forecasts-of-extreme-weather/">Stephen Bennett and investor John Plavan founded San Diego’s EarthRisk Technologies</a> in mid-2010 with the idea of creating predictive analytics technology that could extend the range of weather long-term forecasts from two weeks to 30 or 40 days. They are now providing their Web-based technology to commodities and energy-trading firms on a subscription-basis. Bennett told me the core business at <strong>EarthRisk Technologies</strong> is focusing on extreme weather events—heat waves, frigid cold snaps, and storms because extreme events are the ones with the highest impact.</p>
<p>—Mark Heesen of the National Venture Capital Association gave a good-news, bad-news presentation to the <strong>San Diego Venture Group</strong> last week. Among the interesting bright spots: <a href="http://www.xconomy.com/national/2012/01/27/2012-venture-outlook-some-bright-spots-and-some-gloom/">Corporate venture capital is growing and San Diego-based Qualcomm now ranks as the nation’s second-largest corporate venture outfit.</a> The bad news? U.S. VC firms invested $28 billion in startups last year, but only<span class="read_more"> <a href="http://www.xconomy.com/san-diego/2012/01/30/san-diego-tech-roundup-qualcomm-techstars-apps-challenge-more/2/"> … Next Page »</a></span></p>
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		<title>Akamai to Zipcar: A Snapshot of 10 Public Tech Companies in Boston</title>
		<link>http://www.xconomy.com/boston/2012/01/30/akamai-to-zipcar-a-snapshot-of-10-public-tech-companies-in-boston/</link>
		<pubDate>Mon, 30 Jan 2012 15:07:13 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176836</guid>
		<description><![CDATA[As we wind down the first month of 2012, I thought I’d take the pulse of some of the bigger technology companies around town. In addition to tracking startups and entrepreneurship, this is an important measure of the health and well-being of the Boston tech community. So here’s a list of 10 well-known public companies, [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2011/12/StockBiz6-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="stock biz 6" title="stock biz 6" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>As we wind down the first month of 2012, I thought I’d take the pulse of some of the bigger technology companies around town. In addition to tracking startups and entrepreneurship, this is an important measure of the health and well-being of the Boston tech community.</p>
<p>So here’s a list of 10 well-known public companies, their stock price (as of Friday’s close), most recent financials, and other tidbits. Not comprehensive, of course. But of these firms, you might be surprised whose stock is the highest right now. </p>
<p>Most of these companies will announce their end-of-year financials in the next two weeks…</p>
<p><a href="http://www.akamai.com">Akamai</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=AKAM">AKAM</a>)<br />
<strong>Stock price</strong>: $32.01<br />
<strong>2011 stats</strong>: Q3 profit of $63M on $282M in revenue; coming off $1B+ revenue in 2010.<br />
<strong>Recent news</strong>: The company has <a href="http://www.xconomy.com/boston/2011/12/22/akamai-to-buy-cotendo-for-268m/">acquired rival Cotendo</a> and is positioning itself as a platform for businesses to reach customers via Web, mobile, and cloud.<br />
<strong>Big question</strong>: Why doesn’t Akamai own the cloud (like Amazon)?</p>
<p><a href="http://www.carbonite.com">Carbonite</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=CARB">CARB</a>)<br />
<strong>Stock price</strong>: $10.30<br />
<strong>2011 stats</strong>: Q3 revenue of $15.9M (net loss of $7.4M); will announce full-year stats on Feb. 9.<br />
<strong>Recent news</strong>: Coming off <a href="http://www.xconomy.com/boston/2011/08/10/carbonite-expected-to-go-through-with-smaller-ipo-venture-investors-see-upside/">its IPO in August</a>, Carbonite is adjusting to life as a public company.<br />
<strong>Big question</strong>: Is online backup a big enough growth market?</p>
<p><a href="http://www.constantcontact.com">Constant Contact</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=CTCT">CTCT</a>)<br />
<strong>Stock price</strong>: $25.11<br />
<strong>2011 stats</strong>: Q3 revenue of $54.3M ($5.4M profit); full-year stats coming Feb. 2.<br />
<strong>Recent news</strong>: Constant Contact is moving into mobile/social rewards programs with its <a href="http://www.xconomy.com/boston/2012/01/19/constant-contact-buys-cardstar-moves-into-mobile-loyalty-tech/">acquisitions</a> of CardStar and Bantam Networks.<br />
<strong>Big question</strong>: Can it make a full transition from e-mail to broader online marketing?</p>
<p><a href="http://www.emc.com">EMC</a> (NYSE: <a href="http://finance.yahoo.com/q?s=EMC">EMC</a>)<br />
<strong>Stock price</strong>: $25.83<br />
<strong>2011 stats</strong>: Full-year revenue of $20B ($3.4B profit), showing record growth.<br />
<strong>Recent news</strong>: CEO and chairman Joe Tucci isn’t stepping down this year as planned. (Pat Gelsinger is rumored to be his successor.)<br />
<strong>Big question</strong>: What is the ultimate future of EMC? In storage, big data, and cloud computing, as EMC goes, so will Massachusetts.</p>
<p><a href="http://www.irobot.com">iRobot</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=IRBT">IRBT</a>)<br />
<strong>Stock price</strong>: $32.88<br />
<strong>2011 stats</strong>: Q3 revenue of $120.4M ($14.1M profit)<br />
<strong>Recent news</strong>: iRobot <a href="http://www.xconomy.com/boston/2011/10/25/irobot-lays-off-about-55-staff-in-advance-of-q3-earnings-report/">laid off</a> 8 percent of its staff in October but continues to grow.<br />
<strong>Big question</strong>: Will consumer robotics ever really take off?</p>
<p><a href="http://www.logmein.com">LogMeIn</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=LOGM">LOGM</a>)<br />
<strong>Stock price</strong>: $41.51<br />
<strong>2011 stats</strong>: Q3 revenues of $31M ($4.4M profit); full-year stats coming Feb. 15.<br />
<strong>Recent news</strong>: LogMeIn has been <a href="http://www.xconomy.com/boston/2012/01/09/logmein-buys-bold-software-for-16-5m-expands-in-customer-care/">expanding</a> to new devices, markets, and geographies.<br />
<strong>Big question</strong>: Is this still a lifestyle business?</p>
<p><a href="http://www.monster.com">Monster.com</a> (NYSE: <a href="http://finance.yahoo.com/q?s=MWW">MWW</a>)<br />
<strong>Stock price</strong>: $7.35<br />
<strong>2011 stats</strong>: $46M profit on roughly $1B revenue, compared to a $9M loss in 2010.<br />
<strong>Recent news</strong>: Monster Worldwide <a href="http://www.xconomy.com/boston/2012/01/26/monster-slashes-400-jobs-restructures-for-profitability/">had layoffs and is restructuring</a> as it continues to expand globally and move into social/mobile technologies.<br />
<strong>Big question</strong>: Is there a better job site out there?</p>
<p><a href="http://www.nuance.com">Nuance</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=NUAN">NUAN</a>)<br />
<strong>Stock price</strong>: $27.91<br />
<strong>2011 stats</strong>: Q3 revenue of $400M, and $1.4B revenue for the fiscal year ($38.2M profit).<br />
<strong>Recent news</strong>: Nuance <a href="http://www.xconomy.com/boston/2011/12/21/nuances-vlingo-purchase-seen-as-survival-move-against-apple-google/">acquired rival Vlingo</a> in mobile speech recognition; mobile/consumer and healthcare continue to be its biggest markets.<br />
<strong>Big question</strong>: Can it compete with the big boys (Apple, Google)?</p>
<p><a href="http://www.tripadvisor.com">TripAdvisor</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=TRIP">TRIP</a>)<br />
<strong>Stock price</strong>: $31.24<br />
<strong>2011 stats</strong>: $3B+ market cap. Year-end stats coming Feb. 8. (2010 revenue of $486M.)<br />
<strong>Recent news</strong>: After <a href="http://www.xconomy.com/boston/2011/12/23/tripadvisor-five-things-we-learned-from-ceo-stephen-kaufer/">spinning out of Expedia last month</a>, TripAdvisor is New England’s biggest consumer Web company.<br />
<strong>Big question</strong>: Will it outcompete Google and others in travel search and content?</p>
<p><a href="http://www.zipcar.com">Zipcar</a> (NASDAQ: <a href="http://finance.yahoo.com/q?s=ZIP">ZIP</a>)<br />
<strong>Stock price</strong>: $16.14<br />
<strong>2011 stats</strong>: Small profit in Q3 on $68M revenue. Full-year revenue expected to be 240M+ with net loss in $10M range (tune in Feb. 14).<br />
<strong>Recent news</strong>: Coming off <a href="http://www.xconomy.com/boston/2011/04/14/zipcar%E2%80%99s-174m-ipo-and-what-it-means-to-the-boston-tech-scene-some-reactions/">its IPO last spring</a>, Zipcar has been expanding carefully in Europe and on U.S. college campuses.<br />
<strong>Big question</strong>: Can it reduce costs enough to make a real profit?</p>
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		<title>Not Your Grandfather’s War</title>
		<link>http://www.xconomy.com/boston/2012/01/26/not-your-grandfathers-war/</link>
		<pubDate>Thu, 26 Jan 2012 17:07:59 +0000</pubDate>
		<dc:creator>Peter George</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176370</guid>
		<description><![CDATA[War really is going out of style. At least that’s what Joshua Goldstein, professor emeritus of international relations at American University, and Steven Pinker, a psychology professor at Harvard wrote in a New York Times op-ed piece last month. Throughout the editorial, Goldstein and Pinker dissect the meaning of “war” today, its various categorizations, and [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Peter George</strong>
		<p>War really is going out of style.</p>
<p>At least that’s what Joshua Goldstein, professor emeritus of international relations at American University, and Steven Pinker, a psychology professor at Harvard <a href="http://www.nytimes.com/2011/12/18/opinion/sunday/war-really-is-going-out-of-style.html?_r=1">wrote in a <em>New York Times</em> op-ed piece</a> last month.</p>
<p>Throughout the editorial, Goldstein and Pinker dissect the meaning of “war” today, its various categorizations, and the reasoning behind their sentiment that war has become passé. Among other rationales, the piece cites a lack of monetary gain as a key contributor, as the financial cost of war overshadows any acceptable gain:</p>
<p><em>“For centuries, wars reallocated huge territories, as empires were agglomerated or dismantled and states wiped off the map. But since shortly after World War II, virtually no borders have changed by force, and no member of the United Nations has disappeared through conquest.”</em></p>
<p>But is war really going out of style, or is the way it’s fought being changed?</p>
<p>As I <a href="http://www.threatgeek.com/2011/11/prepping-for-world-cyber-war-iii.html">wrote in a recent <em>Threat Geek</em> post</a>, war is being redefined, not replaced. The battle for land in previous times has now translated into a fight over intellectual property, with nation states attempting to steal from each other using advanced, targeted cyber attacks. It’s not that war is passé, it’s that the landscape has changed. Land is no longer the primary motivator in global conflict, as the value of intellectual property has become, in many ways, priceless—just think of what China would pay for Pfizer’s next groundbreaking drug before it hits the open market.</p>
<p>Instead of bullets on battlefields, wars are being fought with keyboards over networks at a fraction of the price.</p>
<p>And it makes sense, doesn’t it? Why risk billions of dollars engaging in combat with a nation when you could steal their most valuable assets with the click of a mouse? Why thrust your country into global negative light, when you could be a faceless enemy attacking from thousands of miles away?</p>
<p>The perception that the United States has not been attacked by a foreign government since Pearl Harbor is false. Thousands of times each day, nation states like China and Russia are engaging in cyber warfare, trying to deploy advanced persistent threats (APTs) over American networks to gain access to our most crucial information. The United States has always been upfront in flexing its military muscle as a deterrent against potential threats, but when it comes to our capabilities in a cyber war, we have been secretive.</p>
<p>
 Maybe that’s about to change.</p>
<p>Recently, four-star General James Cartwright (a retired vice chairman of the Joint Chiefs of Staff) <a href="http://www.reuters.com/article/2011/11/06/us-cyber-cartwright-idUSTRE7A514C20111106">went on record</a> as saying the United States needs to be more upfront about its cyber capabilities.</p>
<p>“You can’t have something that’s a secret be a deterrent. Because if you don’t know it’s there, it doesn’t scare you,” said General Cartwright.</p>
<p>It’s hard to argue with his logic of letting the world know of our offensive capabilities or employing a strong defense as a way to defeat cyber attacks. If a country is going to take a shot at U.S. interests, they are going to get hit back. Hard.</p>
<p>This is where <a href="http://www.fidelissecurity.com">Fidelis Security Systems</a> and several other security companies can help to deal with these types of advanced persistent threats on a daily basis. In a way, network security companies are becoming the defense contractors of the future. What Raytheon and Lockheed-Martin were to the aerospace industry throughout the 1980s, has now been transferred to our shoulders. We can’t win the war for you, but we can equip you with the best weapons to help fight in the cyber war.</p>
<p>General Cartwright estimated that it could probably take hackers two to five years before they had access to disable a large percentage of the banking industry or the U.S. electrical grid. Even a smaller attack could undermine confidence in financial markets. It would appear to me that these threats are cyberspace’s version of the Cuban missile crisis.</p>
<p>Doesn’t sound like war is going anywhere, does it?</p>
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		<title>Monster Slashes 400 Jobs, Restructures for Profitability</title>
		<link>http://www.xconomy.com/boston/2012/01/26/monster-slashes-400-jobs-restructures-for-profitability/</link>
		<pubDate>Thu, 26 Jan 2012 15:03:07 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176328</guid>
		<description><![CDATA[Monster Worldwide (NYSE: MWW), the New York parent company of Maynard, MA-based Monster.com, the jobs and recruiting site, said in a regulatory filing that it has laid off about 400 employees, or 7 percent of its worldwide staff of 5,700. The layoffs include fewer than 100 job cuts in Massachusetts, according to the Boston Business [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="77" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/Monster-logo-220x85.jpg" class="attachment-200x9999 wp-post-image" alt="Monster.com" title="Monster.com" /></div> 
		<strong>Gregory T. Huang</strong>
		<p>Monster Worldwide (NYSE: <a href="http://finance.yahoo.com/q?s=MWW">MWW</a>), the New York parent company of Maynard, MA-based <a href="http://monster.com">Monster.com</a>, the jobs and recruiting site, said in a <a href="http://biz.yahoo.com/e/120126/mww8-k.html">regulatory filing</a> that it has laid off about 400 employees, or 7 percent of its worldwide staff of 5,700.</p>
<p>The layoffs include fewer than 100 job cuts in Massachusetts, according to the <a href="http://www.masshightech.com/stories/2012/01/23/daily39-Monster-lays-off-400-worldwide.html">Boston Business Journal</a>. No more specifics on that were available.</p>
<p>In the Form 8-K, Monster Worldwide says it is taking a “series of strategic restructuring actions” in 2012 to invest in marketing and sales and “improve its long-term growth prospects and profitability.” The company says it is consolidating some office facilities as part of the restructuring.</p>
<p>Monster <a href="http://about-monster.com/content/monster-worldwide-reports-fourth-quarter-and-full-year-2011-results">reported</a> fourth-quarter 2011 revenues of $250 million and a $13 million profit. The company made a $46 million profit for the year, compared to a loss of $9 million in 2010. Monster’s stock is down about 13 percent to $7.80 this morning.</p>
<p>Last spring, <a href="http://www.xconomy.com/boston/2011/03/14/monster-com-touts-new-image-of-mobile-apps-and-social-networking-for-job-seekers-at-sxsw/">Monster.com spoke with me</a> about its recent efforts in mobile apps and social media partnerships. The company has been investing heavily in R&amp;D to keep up with a slew of newer, hip competitors.</p>
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		<title>Constant Contact, Bluefin Labs, HP, &amp; More Boston Dealmakers</title>
		<link>http://www.xconomy.com/boston/2012/01/25/constant-contact-bluefin-labs-hp-more-boston-dealmakers/</link>
		<pubDate>Wed, 25 Jan 2012 22:45:47 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176261</guid>
		<description><![CDATA[An acquisition and startup financings made up the New England deals news this week. —Waltham, MA-based marketing software firm Constant Contact acquired the Boston startup CardStar, the developer of a mobile app for customer loyalty and rewards programs. The deal, whose terms were undisclosed, enables Constant Contact (NASDAQ: CTCT) to expand its marketing offerings for [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2011/11/StockRoundup1-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="stock roundup 1" title="stock roundup 1" /></div> 
		<strong>Erin Kutz</strong>
		<p>An acquisition and startup financings made up the New England deals news this week.</p>
<p>—Waltham, MA-based marketing software firm <a href="http://www.xconomy.com/boston/2012/01/19/constant-contact-buys-cardstar-moves-into-mobile-loyalty-tech/">Constant Contact acquired the Boston startup CardStar</a>, the developer of a mobile app for customer loyalty and rewards programs. The deal, whose terms were undisclosed, enables Constant Contact (NASDAQ: <a href="http://finance.yahoo.com/q?s=CTCT">CTCT</a>) to expand its marketing offerings for small businesses.</p>
<p>—My colleague Greg rounded up the <a href="http://www.xconomy.com/boston/2012/01/20/bostons-top-10-vc-deals-of-q4-warp-drive-rapid7-more/">top 10 venture deals in the Boston area from the fourth quarter of 2011</a>. Rapid7, Warp Drive Bio, and Agios Pharmaceuticals were at the top.</p>
<p>—Hewlett-Packard <a href="http://www.xconomy.com/boston/2012/01/23/hewlett-packard-expands-to-cambridge-via-verticas-big-data-center/">has spent more than $10 million to set up a new office near the Alewife train station in Cambridge, MA</a>. The office serves as the new headquarters for Vertica, the big data company HP acquired last winter (previously based in Billerica). The new facility will also serve as a center for technology development and local outreach.</p>
<p>—Bluefin Labs, a Cambridge-based startup <a href="http://www.xconomy.com/boston/2011/09/12/bluefin-labs-named-after-a-sushi-bar-tracks-social-media-around-%E2%80%9Cevery-show-on-tv%E2%80%9D/">focused on understanding social media conversation surrounding TV</a>, nabbed $12 million in Series B financing. The <a href="http://www.businesswire.com/news/home/20120124005573/en/Bluefin-Labs-Raises-12-Million-Series">deal</a> was led by Time Warner Investments, and included new investor SoftBank Capital and return backers Redpoint Ventures and Lerer Ventures. Bluefins says it will put the money toward sales and client services, as well as its social analytics technology and further R&amp;D.</p>
<p>—Mevion Medical Systems, a radiation therapy company based in Littleton, MA, <a href="http://www.prnewswire.com/news-releases/leading-private-venture-capital-firms-invest-45-million-in-mevion-medical-systems-137994798.html">announced</a> it had pulled in $45 million in funding from ProQuest Investments and existing investors Caxton Heath Life Sciences, Venrock, and CHL Medical Partners. The money will go toward development of its proton beam radiation therapy system, which is designed to be smaller and less expensive than existing X-ray radiation therapy devices.</p>
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		<title>Something New for Shoppers in Downtown Detroit: Virtual Retail</title>
		<link>http://www.xconomy.com/detroit/2012/01/25/something-new-for-shoppers-in-downtown-detroit-virtual-retail/</link>
		<pubDate>Wed, 25 Jan 2012 21:33:43 +0000</pubDate>
		<dc:creator>Sarah Schmid</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=176242</guid>
		<description><![CDATA[Detroiters often grumble about the relative lack of shopping options downtown compared to other cities of similar size. Sure, there are boutiques here and there, as well as a handful of stores in the Renaissance Center and the Millender Center, but there is no Urban Outfitters; no American Apparel; no Macy’s. Somerset CityLoft, a pop-up [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="float:right;margin: 0px 0 5px 15px;"><img width="200" height="132" src="http://www.xconomy.com/wordpress/wp-content/images/2012/01/Virtual-1528-Compressed-e1327526684169-220x146.jpg" class="attachment-200x9999 wp-post-image" alt="Virtual retail" title="Virtual retail" /></div> 
		<strong>Sarah Schmid</strong>
		<p>Detroiters often grumble about the relative lack of shopping options downtown compared to other cities of similar size. Sure, there are boutiques here and there, as well as a handful of stores in the Renaissance Center and the Millender Center, but there is no Urban Outfitters; no American Apparel; no Macy’s.</p>
<p>Somerset CityLoft, a pop-up shop along Merchant’s Row featuring outposts of stores found in the suburban <a href="http://www.thesomersetcollection.com/">Somerset Collection</a> mall, drew <a href="http://www.youtube.com/watch?v=03dkjwVDA0o">enthusiastic reviews</a> but it was hard to get excited about something so fleeting—CityLoft was only open during part of the summer and again around the holidays.</p>
<p>Downtown shoppers now have a new option: Virtual retail in formerly vacant storefronts at 1520 and 1528 Woodward. Quicken Loans, which also had a hand in opening Somerset CityLoft, has partnered on the new endeavor with Jeff Freedman, a Detroit native and the owner of <a href="http://resultco.com/">Resultco</a>, along with its umbrella companies Fathead and Bedrock Real Estate.</p>
<p>Instead of racks of actual merchandise, the group installed product images along with corresponding QR codes in buildings’ windows. Shoppers can stroll past at any hour of the day or night, pull out their smartphones, and scan the codes for more product information or to buy the items. As of now, custom watches from Detroit-based <a href="http://www.watchwear.com/">Watchwear</a> are on offer, but Mullen says that the storefronts will feature products from <a href="http://www.shoebuy.com/">Shoebuy</a>, <a href="http://www.clothesbuy.com/">Clothesbuy</a>, <a href="http://bagbuy.com/">Bagbuy</a>, and more in the coming weeks.</p>
<p>“As we build out our properties, we wanted something immediate,” says Bedrock real estate developer Dan Mullen, noting that his company has acquired nine buildings along Woodward between Jefferson and Grand Circus Park. “With the spiderwebs and the rats—ok, rats are an exaggeration, but there’s no question these vacant storefronts are an eyesore. We didn’t want them sitting there and collecting dust.”</p>
<p>Mullen says that though shoppers won’t be able notice, there is construction going on behind the virtual retail shop’s windows as Bedrock continues its plan to revitalize downtown Detroit. When construction is complete, Bedrock will simply pack up the signs and move the virtual retail operation to another of its nine buildings.</p>
<p>“Our thought was, let’s activate this street now,” Mullen adds. “We’re hoping we inspire real, lasting retail.”</p>
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