First Things First
Brent: Welcome to November, everyone! And ¡Feliz All Saints Day and Dia de Los Muertos!
Now, let’s kick a Beat…
The Big One
A breakdown on the day’s biggest Inno story.
Supporting The Beat
We don’t do this a lot – hell, I don’t think we’ve ever done this – but before we get to today’s Big One, I wanted to give Inno a quick plug.
We’ve been thrilled to cultivate an amazing, growing audience of influential business leaders and entrepreneurs in Austin — as well as the rest of Texas and beyond. And in 2018, we’re going to be rolling out some really cool products and events that will allow you to reach and engage with our audience and amplify your brand. So, as you’re starting to plan for 2018, definitely hit up our sales director Anthony Morris (email@example.com) if you want to learn more about partnering with Inno.
Also, if you dig The Beat, support The Beat! The more support we get from the community, the more we can grow this thing. So, if you want to boost your business in 2018 (yep) and you want The Beat to boom in 2018 (yep again), shoot Anthony an email and he’ll take good care of you. Win, win.
Now enough sales talk…
Vast Shares a Stage with Prince in New LZR Space
La Zona Rosa, an iconic music venue through the 90s and early 2000s, has been transformed into offices and an events space. It’s now simply called LZR.
The space at 612 W. Fourth St. is also the new home to Vast, the Austin-based data analytics startup. And that makes perfect sense considering Vast’s CEO John Price is a partner in the LZR project, along with Nate Paul, CEO of holding and management company World Class.
See a photo slideshow of the space here.
The venue is also home to Vast’s lead investor — March Capital. The venture capital firm, which closed on a $240M fund last year, is based in Santa Monica, Calif. But it has an Austin office anchored by former Austin Ventures partner Jim Armstrong. Armstrong spends about a week a month in Austin scouting deals. In addition to Vast, March Capital has invested in Austin cybersecurity startup SpyCloud.
The new LZR space can be rented for company parties, weddings and other events. And it has multiple configurations, including a 6.6K-square-foot warehouse area for big events with up to 900 people.
Inside the people, companies and organizations making moves today.
Austin Wireless Connectivity Startup Makes Acquisition
Carnegie Technologies, an Austin startup that improves connectivity across wireless networks, has acquired the assets of SmartSwitch, a product of Canada-based Chemring Technology Solutions. The new tech assets give Carnegie, founded in 2010, Hot Spot 2.0 compliant connections to build into its existing Wi-Fi and mobile solutions.
Michael Dell: Boston Real Estate Tycoon?
Last year, one of Michael Dell‘s personal investment companies purchased a $10.9M condo at Millennium Tower in Boston. That made sense after Round Rock-based Dell acquired Massachusetts-based EMC Corp. But now the Wall Street Journal reports Dell is in contract for another Boston property — this one in the city’s forthcoming One Dalton, which will be Boston’s tallest condo tower. It’s not clear how much Dell is spending, but it appears he’s buying a penthouse similar to one that hit the market at $40M. That would make it the highest priced penthouse in the city. That’s relatively cheap compared to Dell’s $61.8M property in Hawaii. It’s worth noting when talking about such luxury that Dell recently donated $36M to Rebuild Texas Fund in the wake of Hurricane Harvey.
Austin Technology Incubator Names New Director
Mitch Jacobson, who used to lead the Austin Technology Incubator‘s clean energy division, has been named director of ATI. He replaces Isaac Barchas, who left in 2016. Jacobson is on the board of directors of the Texas Foundation for Innovation & Commercialization and CleanTX. His long resume includes being general manager of Europe at Dell, a founder and general partner at Eyes of Texas Partners and vice chairman of the Clean Energy Alliance.
Snap Kitchen Replaces CEO
David Kirchhoff, the former Weight Watchers executive who became Snap Kitchen‘s CEO in 2015, is stepping down. He’s leaving to become CEO of iFly Holdings, the Austin indoor skydiving company, the ABJ reports. Snap Kitchen promoted COO Dale Easdon to CEO.
RAD Office Tour Highlights Great Spaces
Take one look at our office envies, and it’s pretty clear that there are some sweeeet offices in Austin. Now, there’s a tour to see some of those spaces — plus several others we haven’t featured here. The RAD Office Tour, which is put on by Cushman & Wakefield and Radical Architecture & Design is this Saturday. It’s a self-guided tour through killer offices, including Argodesign, GasPedal, Bumble, Conde Nast, Handsome, Favor, Kammok, The Ranch, Soma Vida Wellness Coworking Community and others. Tickets start at $45.
Hitchin’ the Wagon to Blockchain
Austin’s Arrive Logistics, a supply chain company founded in 2014 that provides GPS tracking, carrier monitoring and other software solutions for shippers, is joining the Blockchain Trucking Alliance. The Alliance is trying to clarify and vet blockchain standards in the trucking industry. And Arrive Logistics is a pretty big player. The company says it has moved more than 150K shipments and is on track to $130M in revenue this year.
In The Know
The Inno stories you need to read today.
– The Biggest Funding Rounds and Acquisitions for Austin Tech Startups in October (Inno)
– Austin Founders Launch New Luxury Co-Working Space [Slideshow] (Inno)
– Silicon Valley Skewered by Democrats for a Slow Russia Response (Bloomberg)
Your daily funding roundup.
The October Funding Roundup
No new fundings to report today. But you can get a roundup of all the VC activity, as well as acquisitions, in our October funding roundup. And, if your company has new funding to share, please send it my way — firstname.lastname@example.org.
In The Community
The events and happenings to know about tonight and this week.
Coming Up Soon
Keeping Austin Weird & Wired
The fun stuff
SXSW Accelerator Keeping Austin Wired for 10 Years
Today we’re talking wired — not weird. SXSW‘s startup accelerator is heading into its 10th year, and it just keeps getting bigger.
The accelerator puts startups from around the globe in the white hot spotlight of all things SXSW. It started with 23 startups in 2007. Now it hosts double that each year. It’s helped put companies like Klout, Spredfast, Wildfire, Siri and Tango on the map. Overall, it has had 403 participating companies that landed $4.6B through fundings and acquisitions, a PitchBook report on SXSW companies found.
Not a bad track record. If you want in, signup for the SXSW Accelerator Pitch Event right here.