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The Big One
The crock pot is heating up, the beers are on ice, and a few of us are wearing ugly sweaters. That's right, the BostInno
holiday party is about to start. Tweet us if you want to stop by for a brew. Kyle, let us know about the nice guys at CB Insights
Today venture database CB Insights
kindly sent along a list of 10 Boston tech companies they think are most likely to go public in 2016
. Some are ones we’ve heard a lot about lately—some, not so much. So I figured we’d pull together our own 2016 IPO pipeline list, with a few names from the CB Insights list and a bunch more that aren’t on it. Plus, some predictions on timing. All of this is based on a combination of what we’ve heard from people in the know, how much revenue the companies are seeing (and how fast they’re growing), and other signals on their momentum.
Here's our Boston tech IPO pipeline list:
Likely for 2016: Bit9, Veracode, Actifio
Somewhat likely for 2016: Acquia, Extreme Reach, SimpliVity, Cargurus, EverQuote
Less likely for 2016 (maybe more like 2017): Applause, Digital Guardian, Perfecto Mobile
It's a B2B-heavy list: CarGurus and EverQuote are the only consumer tech companies on the list. I'd put DraftKings
on there for sheer scale, but with the regulatory battle they're facing it seems unlikely they'll take time to prepare for an IPO. Still a great list. If Boston tech gets about a third of those public in 2016, it will be a very good year.
Boston razor giant Gillette
is making moves--legal moves. The Procter & Gamble
subsidiary has requested a California federal judge stop its upstart rival, Dollar Shave Club,
from making and selling several of their products, alleging they're in violation of a 2004 patent that "covers processes for treating razor blade surfaces so they stay sharper longer than traditional blades," according
to the Boston Business Journal. Gillette points to Venice, California-based DSC's 2M monthly subscribers as part of the reason for the suit.
No comment on the merits of the suit, but Gillette razor blades are damned expensive--unless you have friends in Southie who might let a few fall off the truck.
In The Community
Kendall Square workforce social media platform Jobcase
is teaming up with the Dudley Square Neighborhood Initiative
in an industry-nonprofit partnership to lower the 11.5 percent unemployment rate in Boston’s Roxbury neighborhood. Jobcase makes portals focused on companies and industries; their partnership with DSNI will produce the first “neighborhood portal,” with job listings business information and conversations about community employment. More on that here
We’re in the middle of the holiday season, but there’s still plenty of startup events to check out if you’re around. That includes a panel hosted by HourlyNerd
about what it’s like to move from the corporate world to a startup. There’s also the monthly Boston New Tech Product Showcase, which will include presentations from folks at Freebird
to name two. If you’re looking to refine your pitch, consider checking out The Capital Network’s
Pitch Perfect event tonight. >>>Here's our handpicked list other tech events happening in the Boston community this week.
We learned HubSpot
has a new face in charge of marketing its inbound.org platform for inbound marketers. Inbound.org started as a pet project of $HUBS co-founder Dharmesh Shah
with friendly rival Rand Fishkin
. Now, it's a major piece of $HUBS' marketing strategy
and Shah has a Moz veteran to run it with him: Casey Henry
(pictured) joins from Wistia
, where he was director of growth. Before that, he was at Seattle-based Moz as director of inbound engineering.
: Octopuses are basically aliens. That’s just science
. So it’s not a huge surprise that innovators are harnessing the power of the octopus in areas like robotics. Today, word from BetaBoston
is that Soft Robotics
, a startup making robotic grippers that are inspired by the octopus, has raised $3M in funding. Specifically, the inspiration comes from the flexibility of the octopus, which apparently can squeeze through things and grab all sorts of various-sized objects really well. Again, aliens. >>>Read about all of this week's Boston tech fundings in New Money.
Read This Right Now
- While CB Insights was analyzing the IPO pipeline nationally and we were making our own nice-and-naughty list for 2016, Flybridge VC Jeff Bussgang was basically doing the same thing, but with a view to Christmas future. He calls Boston's IPO likelies "reindeer," and there are more than nine of them: specifically, 9 multi-billion-dollar public companies and 53 tech companies that could get to that kind of valuation. Bottom line: "The Boston ecosystem is looking pretty robust, with nine solid anchor tech companies who seem to be performing well and over 50 private companies that have a shot at becoming future anchor companies in the years ahead."
- Price Intelligently founder Patrick Campbell has a few warnings about naughty practices in pricing your product: "A lot of people have pretty avatars or cute names for their customers or users, but they don’t have actual quantified data on how these people think, what they value, etc. Mainly because they don’t really talk to their customers—and potential customers—as much as they should. In reality, you should know more about your customer than anyone else out there."
- Ben Einstein of Bolt wants to tell entrepreneurs about a condition that also commonly affects fortunate children during this time of year: Too much hardware. "Break the product down into extremely simple components. I think of product development like a high-school science project: isolate variables and be meticulous with methods. Most engineers only want to show complete prototypes to users. Break this habit."
Yesterday, we brought you a list
of the World Economic Forum's new class of "global shapers" in Boston. It's a good list, but in the subject line and a flippant invitation to schmooze on the Jakobshorn, I foolishly implied they'd be going to Davos this year. Turns out none of this year's class is going, but Dr. Liz O'Day
(pictured), CEO and founder of Olaris Therapeutics
, is. Apologies for the confusion.
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