Boston Startup Community News & Content

Boston Ion Engine Startup Changing the Economics of Near-Earth Orbit

There’s a sweet spot about 22,000 miles above the planet. Only in this narrow band of space can an object achieve geosynchronous orbit, moving at the same speed as Earth’s rotation and staying fixed above one point on the surface. It’s beachfront real estate in the void. This part of space came of age with

Jul 26, Bloomberg

LevelUp’s Winding Path Pays Off With $390M Sale to Grubhub

LevelUp is the latest startup story to end in an acquisition. The company has gone through several transformations since it was founded a decade ago, eventually landing on mobile payments processing, customer loyalty programs, and data analytics tools for restaurants. Its journey ultimately led to Grubhub: the online food-ordering and delivery giant announced Wednesday it has agreed to acquire Boston-based

Jul 25, Xconomy

Video startup Wistia to buy out investors with $17M in debt

Venture capitalists are pouring more money than ever into startups, but Cambridge-based Wistia Inc. wants out of the game. The decade-old video software company is buying back stock from its investors and says it’s now focused on maintaining a profit while it grows steadily — an approach that doesn’t jibe with the economic incentives of most venture capital funds.

Jul 18, Boston Business Journal

Goldman Sachs leads $37M round for Boston-based AI startup Cogito

Boston-based Cogito Corp., an MIT-born company that puts artificial intelligence technology to work in call centers, has raised $37 million in a round led by the growth equity division of Goldman Sachs (NYSE: GS). Cogito has now raised more than $57 million since it was born out of the MIT Human Dynamics Lab in 2007.

Jul 23, Boston Business Journal

Boston-based alcohol app Drizly grows to 101 U.S. cities

Years after a wave of hype over on-demand alcohol through an app subsided, Boston-based Drizly has quietly spread to 101 cities in the country, weathering persistent rumors of competition from the biggest brands in the world along the way. “It’s one of those things — the novelty of starting out wears off, and you put

Jul 23, Boston Herald

At the Shea Center for Entrepreneurship’s third annual Demo Day, a preview of new software, toys, and services

The audio equipment in the Carroll School of Management’s Fulton Honors Library was inexplicably piping sound into neighboring classrooms, and so, to introduce the Shea Center for Entrepreneurship’s third annual Demo Day, executive director Jere Doyle ’87 ascended the riser at the front of the room without a mic. No problem, Doyle told the audience

Jul 20, BC News

Here’s what happens when startups go wrong

When things start going south at a startup, no one wants to talk about it. The stream of self-congratulatory press releases and social media messages dries up, and executives suddenly stop replying to interview requests. Laid-off employees have typically been asked to sign nondisparagement agreements, so they clam up, too. Those reasons combine to make

Jul 20, The Boston Globe

These startups want to buy a share of your house. Is that a good idea?

What if, instead of taking out a home equity loan from a bank, you could ask Wall Street to invest in your house? You’d get cash upfront, and if the value of your home went up, the investors would get their money back, plus a profit. If the value of your home fell, the investors

Jul 19, The Boston Globe

Why Paul English Chose Mike Volpe as CEO of Lola—And Why He Accepted

Lola co-founder Paul English is “like a python,” says the company’s newly-appointed CEO, Mike Volpe. BostInno reported on Monday that Mike Volpe, Cybereason’s chief marketing officer, is leaving the cybersecurity firm to take a CEO role at a Boston-based startup. Later the same day, word got out that the mysterious company is Lola, the travel startup led by Paul English.

Jul 18, BostInno

A tale of two startups: One is worth $1B today, the other is out of business.

This is a tale of two startups: One was founded in a garden-level Beacon Hill apartment, the other at various Au Bon Pain and Panera restaurants in the western ’burbs. One had a Harvard Business School pedigree, the other MIT. Both focused on developing new products for home security and were run by novice CEOs.

Jul 12, The Boston Globe