California-based companies received about 56 percent of all U.S. venture capital dollars in 2014, the state's highest share of venture activity since the dot com boom of the early 2000s. Over the past 15 years, investment activity has steadily become more concentrated in California and a few other states. In 2009, about 67 percent of all deals and 74 percent of venture capital dollars flowed to the top five states. By 2014, those states' share of venture dollars grew to 80 percent, according to NVCA/Pricewaterhouse Coopers data. A recent Harvard Business Review article, however, suggests that startups are receiving first-round funding in more metropolitan areas than ever.
As startup experts will tell you, choosing among VC firms should be as much about you liking them as them liking you. So how do you decide?
Many factors might cross your mind, including:
- Is there a culture fit? Do our personalities and values clash?
- Can they provide expertise and connections, beyond the mere dollars?
- Are our expectations for an exit in alignment?
In 2014, $48.3 billion was invested by venture capitalists, a 61% increase in VC funding from 2013.
Software received the most VC funding, accounting for $19.8 billion and almost 1,800 deals, followed by biotech ($6 billion) and media/entertainment ($5.7 billion). The most money was invested in expansion-stage companies (over 3 years old), then early-stage companies, later-stage companies, and seed companies.
The Federal Communications Commission (FCC) approved its Net neutrality policy by a vote of three to two on Thursday. This unsurprising outcome follows years of contentious debate over the best way to ensure that Internet service providers (ISPs) treat all online data and services equally, without favoring one type of content over another.
Rhetoric on both sides had been remarkably similar in recent months as the vote approached but was punctuated by mutual mistrust. By the end of Thursday’s debate—which is by no means the end of the matter—the parties agreed on the Net neutrality approach, although through different means. Expect the FCC’s decision to regulate the Internet as a utility to be challenged in the courts, through additional Congressional hearings and, ultimately, through legislation that would mitigate the agency’s authority to regulate broadband providers.
Image: THE AYES HAVE IT: The FCC has voted to regulate the Internet as a utility, despite much opposition. This is hardly the end of the Net neutrality story, so stay tuned. Courtesy of Camilo Sanchez, via Wikimedia Commons.
“In theory, there is no difference between theory and practice,” an aerospace engineer once said to me. “But in practice, I find that there often is.”
Those two short sentences sum up a lot of wisdom about the net neutrality debate.
In theory, there should be nothing wrong with allowing content providers like Netflix, YouTube and Yahoo to pay extra to broadband ISPs so that their content ends up in a “fast lane.” Online video is swallowing up an ever-rising percentage of the Internet’s total bandwidth. A fast lane should benefit users, and also the ISPs, which will invest that extra revenue in expanding services and increasing capacity. In theory, everybody wins.
By now, your New Year’s resolution to join a gym has been derailed mainly because of your busy schedule. It’s understandable; it’s that time of the year where business starts to pick up. The only lifting you’ve done has been your laptop.
It’s not too late to get back on fitness track. The good news is that research has shown that you can get healthy by only exercising a few minutes a day. According t0 The New York Times, intervals of high intensity workouts is very effective. Find a few minutes on your schedule daily (we suggest before work or during lunch break), and do a few exercises that increases your heart-rate and strengthens your body.
It’s obvious that business is moving faster and faster and that to keep up, leaders at all levels need to know how to pick up the pace.
That’s easy to say. But is it so? Is there a correlation between speed and perceived leadership effectiveness?
In a word, “yes.”
Some people are destined to be entrepreneurs. From the time they get through school, or maybe even before that, they’re hungry to start a business and lead it to success, and they’ll stop at nothing to make that dream a reality.
Related: 3 Steps to Eliminating the Barriers to Becoming Self-Sufficient
For others, starting a business is a scary, intimidating notion. There are too many unknowns to take the plunge. But if you’re considering becoming an entrepreneur, don’t forget all the benefits that go along with it:
In New England we don’t trust anyone. Collaboration is an unnatural act. No wonder we’re economically stagnant. I’ve been thinking a lot about trust. All we hear and read about is how trust is the missing ingredient for all that ails the world. If I had a dollar for every trust fall I’ve taken at leadership development workshops over the years! If only we just trusted each other more. I’m not buying it. I wonder how many things we don’t try together because we only collaborate with people we trust. Is it possible we set the standard so high for a trusted relationship that it prevents collaboration? What if trust is overrated?
Thomas Edison thought sleep was a waste of time, preferring instead to take a series of daily power naps. So did Leonardo da Vinci. Nikola Tesla clocked about two of hours of shuteye per night. The secret to their success? Perhaps it was sleep deprivation-induced delirium.
Maybe they knew something we don’t. After all, they were geniuses.
At the global level, the BRICK countries of Brazil, Russia, India, China, and Korea are aggressively investing in R&D, facilities, and scientist training, and vying for bigger roles not only as markets for medicines, but also as rich breeding grounds for R&D and manufacturing.
It took the original Pebble smartwatch a little over 5 weeks to raise $10.27 million. It took Pebble Time just 48 hours to top that.
Officially unveiled Tuesday, the Pebble Time broke Kickstarter records, raising its first million in just 49 minutes.
The Pebble Time is the next-generation Pebble smartwatch. It has a thinner design, a color, e-paper display and a microphone for voice replies and notes. Still, the Pebble Time remains waterproof and promises a battery life of up to 7 days.
Startup companies in Pennsylvania could have an easier time attracting investors under legislation a state lawmaker from York County has introduced in the General Assembly.
House Bill 449, introduced by state Rep. Stan Saylor, R-Windsor Township, would give so-called angel investors a 25 percent tax break on investments in early stage Pennsylvania companies.
2014 was the best year on record for U.S. exits, with billion dollar moves from bold-faced names such as Facebook and Alibaba. Altogether, last year's 845 VC-backed exits totaled $78.4 billion, a 98 percent jump from the year before, according to PitchBook, a Seattle-based data provider for the global VC markets.
The unusually cold and snowy winter in southern New England has broken records and resulted in many indellible images, from collapsed roofs to massive snow farms and a frozen Hudson River in New York. Now, a new iconic image of the winter of 2014-15 can be added to the mix: slush waves.
Nantucket-based photographer Jonathan Nimerfroh captured waves coming ashore that contained bits of ice, making them resemble a slurpee.
One of the biggest obstacles to growing start-ups in Wisconsin lies with some of the financiers who provide the money, a Milwaukee venture capitalist said Thursday.
Some angel groups, whose members invest in young, high-potential companies, have been offering terms to start-ups that "de-risk" the deals for themselves but hurt the companies' longer-term prospects, said Brian Taffora, managing director at CSA Partners LLC, a venture capital fund backed by Milwaukee County Executive Chris Abele.
Healthbox‘s decision to revamp its healthcare accelerator model was an interesting development but as Lisa Suennen, Venture Valkyrie blog author and consultant, it’s not an isolated case. She authored a report for the California HealthCare Foundation that provided a state of healthcare and life science accelerators in the U.S. and beyond last year.
In response to emailed questions, Suennen said she’d like to see more significant changes for accelerators. “I think that they have to move towards far more equity through investments like a fund or away from equity entirely and towards a service model. The model of so many accelerators is not sustainable for the long term.”
It’s a forgone conclusion for some Americans that after their senior year of high school, they will leave home and attend a four-year college. In the face of the rising cost of higher education and the high unemployment rate following the recession, many have begun to challenge that path. Detractors of college education insist the economic benefits of attending a four-year university do not outweigh the costs. Yet alternative career paths that do not require college education largely consist of low-skill physical labor.
SAN FRANCISCO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ:ILMN) today announced its new Illumina Accelerator Boost Capital has secured an initial capital commitment of $40 million from Viking Global Investors, a privately owned, global investment firm. Capital commitments made to Illumina Accelerator Boost Capital will be used to fund investments in promising genomic startups that graduate from Illumina Accelerator.
“This capital commitment will be instrumental in driving value for our startups as they advance breakthrough applications in genomics”
“We are proud to partner with Viking Global Investors,” said Mostafa Ronaghi, Ph.D., Illumina’s senior vice president and chief technology officer. “As we continue to support innovation and entrepreneurship, we believe this committed capital will further boost the genomics innovation ecosystem.”
Ludwick Marishane, the brain behind the so-called Waterless Bath, was one of the opening keynotes at The Accenture Innovation Conference. Dubbed the DryBath, his product is literally a type of gel that people can use to clean themselves. No water required. Marishane took the audience through his journey of creating an interesting product through the process of reverse innovation — a concept he hopes would inspire more young South African entrepreneurs.