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Tuesday, April 24, 2018
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KG: BostInno de Mayo is coming back on May 3rd at Lansdowne Pub. Are you?

Also, we just opened up nominations for BostonFest Coolest Companies competition. Don’t miss a chance to get your company honored as having one of the best office cultures in Boston.

The Big One

A breakdown on the day’s biggest Inno story.

Lucy: If someone distilled Mark Cuban’s pieces of advice on becoming rich to form a single statement, it would sound like this: no single saving or earning is too small, as even one penny contributes to the total.

It’s a lesson that resonates with the mission of Billshark, a local startup that promises to lower customers’ bills. Co-founders Steve McKean and Brian Keaney, who announced the Cuban-backed status of their venture two weeks ago, said they were introduced to him by mutual friends. Cuban, as many knows, is the owner of NBA’s Dallas Mavericks.

“Mark always has an interest in financial well-being and financial literacy,” McKean told me. “[Our mutual friends] thought it would be interesting for Mark to take a look at this.”

Billshark wants to save time and money for customers by unleashing an army of human experts called “sharks” who call companies to dispute customers’ bills on their behalf and land the best possible discount, if any. The company makes money by taking home 40 percent of each saving they successfully negotiate.

McKean told me that since launching, Billshark saved around 52,000 customers close to $10M, bringing in a revenue of $3.3M. Read more: This Mark Cuban-Backed Startup Is Here to Lower Your Bills

In The Know

The Inno stories you need to read today.


Making Moves

Inside the people, companies and organizations making moves in Boston.

KG: Amazon Prime members in Boston can now have purchases dropped off in the trunk or backseat of their car instead of their doorstep. The new option, which is part of the Amazon Key service that lets delivery people enter participating homes to drop off a box, is available in Boston and 36 other cities. The technology uses GPS locations, license plate numbers and images to confirm they are delivering to the right vehicle. Amazon says about 7 million cars would qualify for such deliveries. Read more: Amazon Prime Will Now Deliver to Your Car in Boston


New Money

Your daily funding roundup.

KG: SidelineSwap, a platform for people to buy and sell new and used sports gear, officially announced that it closed a $5M Series A financing round on April 20, lead by Global Founders Capital. The round includes former NBA player David Robinson’s Admiral CapitalPeak6 SportsRiverPark Ventures, FJ Labs and The Players’ Impact. “The funding is something we are pretty excited about,” Brendan Candon, co-founder and CEO, said. “It is our largest funding round to date, which brings our total financing to just under $9 million. Seven million of that came in within the last six months.” Read more: SidelineSwap Closes $5M Series A Round to Add Features to Its Sports Gear Online Marketplace

Lucy: CyGlass has raised half of its $10M round, according to a Form D filing. CyGlass is a cybersecurity company focused on “dark threat detection solutions” based in Littleton, Mass.


In The Community

The events and happenings to know about tonight and this week.

KG: On April 25th at 6pm, David Chang will be doing a live AMA at CIC Boston. I can assure that you will learn a ton from listening to David’s insight. David previously led the PayPal Boston office and co-founded the Start Tank innovation space and the Where Angel Fund.

Lucy: Wayfair recently created a retail holiday called Way Day. Tomorrow, the retail e-commerce giant is taking over the Pru for a sort of retail extravaganza – live music, treats, giveaways. Check it.


Read This Right Now

Insight and analysis from the community and beyond.

KG: We’d love to get your feedback on this piece for tomorrow’s Beat. MIT Sloan published The 20-Year-Old Entrepreneur is a Lie“Forget what you’ve heard about 22-year-old wunderkinds, sitting in the corner offices of their wildly popular Silicon Valley startups — if you want to find the most successful entrepreneurs, you have to go back a few decades.” The article continues, “The team looked at data around the 2.7M people who founded businesses between 2007-14 and went on to hire at least one employee. Along with average entrepreneur age, they also learned those new ventures with the highest growth had an average founder age of 45.

The researchers broke out the data into high-tech employment, VC-backed firms, and patenting firms. Across the entire United States, the average founder ages were 43, 42 and 45, respectively for those divisions.”


 

Featured Jobs

Featured startup and tech jobs on BostInno’s new Careers Directory.


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Meet The Authors

Lucia Maffei
lmaffei@americaninno.com

Kyle Gross (KG)
kgross@americaninno.com

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