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Tuesday, February 13, 2018
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The Big One

A breakdown on the day’s biggest Inno story.

Dylan: It’s that time of the year again. Tech Madness is back, and we’re doing things a little differently for 2018.

In past years, we would announce 150 finalists in an article and then reveal the 64-company bracket at the Tech Madness event. For this year, we’re going to tell you which companies will appear on the brackets starting out. And yes, you read that correctly, we will have two brackets this year, one for private VC-backed/bootstrapped tech companies and another for public tech companies.

Today, we are revealing 60 of the 64 companies for the private companies bracket and the 16 companies for the public bracket, or as we like to call it, the Public Pool. But if you want to be the first one to find out how we’ll seed the brackets, you’ll have to come to BostInno’sTech Madness Bracket Reveal event on March 8th at Game On Fenway. That’s also when we will open Round 1 of voting — and get this, one vote will count as 10 votes at the event.

So what about those four other companies on the private bracket? For private companies that weren’t named as finalists today, you’ll have a chance to pitch BostInno’s editorial team at the event for a chance to get on the bracket. We will announce our four picks at the event.

For a full explanation of Tech Madness and how it works, along with the list of finalists, make sure to read the full post here. Read more: Announcing BostInno’s Finalists for Tech Madness 2018

In The Know

The Inno stories you need to read today.

Making Moves

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

Dylan: Fitbit announced on Tuesday it will acquire MIT spinout company Twine Health, giving the San Francisco-based wearable company a way to expand its offerings to health plans. Founded in 2013 by John MooreFrank Moss and Scott Gilroy, Twine Health provides HIPAA-compliant health coaching software that helps people with things like weight loss and smoking cessation. It also helps them manage chronic conditions, such as diabetes. As part of the deal, Twine Health’s team will join Fitbit’s Health Solutions group, with Moore, Twine Health’s CEO and founder, serving as Fitbit’s medical director. Financial terms of the acquisition were not disclosed. This is also a good time as any to remind folks that Fitbit has a Boston office in the Seaport at One Marina Park Drive. Read more: Fitbit Is Acquiring MIT Spinout Twine Health for Health Coaching Software

Lucy: More local M&A news. Nonprofit company Harvard Student Agencies has scooped up a market research startup to be added to its portfolio of 15 student-led businesses: Campus Insights, a startup born out of Boston College that helps tech companies and development firms get feedback on their apps from college students. “The long-term vision for our business was to ideally keep it student-run,” co-founder and outgoing CEO Riley Soward told me. The company had been in talks with HSA since January 2017, thanks to a casual meeting in line at a Whole Foods market (where DoorbellCEO Ben Pleat played a role). If you’re curious to hear the full story, I have you covered. Read more: Boston College-Born Startup Gets Acquired by a Harvard Student-Run Nonprofit

Dylan: The Wall Street Journal has a new article on Wayfair, focusing on the ecommerce company’s “riddle”: that the company’s shares have increased 115% in the last year while still failing to figure out how to grow profitably. Analyzing Wayfair’s position and the growing competition from Amazon and other giants like Walmart, WSJ writer Elizabeth Winkler offers this conclusion: “Wayfair’s best bet, and the biggest risk to short sellers, is that it will be acquired.”

Lucy: The graduate professional studies division at Brandeis University is launching a fully online, part-time master’s degree in robotic software engineering. All courses are 10 weeks long and students can complete the degree in as quickly as 18 months.

New Money

Your daily funding roundup.

Lucy: Cybersecurity firm Perception Point has raised $8M in Series A funding round led by Pitango Venture Capital, along with State of Mind Ventures and Korea Investment Partners. The company has two offices, in Tel-Aviv, Israel, and Newton, Mass.

Player Personnel

Who’s moving where.

Lucy: Jim Totton is the new EVP of product management, engineering and operations at Everbridge. Totton joins the companyfrom Red Hat, where he served as VP and general manager.

In The Community

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

Lucy: Deadline alert. The last chance to compete in the annual MITX Awards Show — a large and prestigious annual awards for digital marketing and technology innovation — is approaching. Submit your entry by this Friday (Feb. 16) and grab tickets here. The live ceremony will be on May 24 at the Royale, Boston.

Dylan: Also, if you want a chance to speak at HubSpot’s annual Inbound conference, here it is. Apply to become a speaker here.

Read This Right Now

Insight and analysis from the community and beyond.

Lucy: In a guest post for Entrepreneur magazine, Janet Comenos, CEO and co-founder of Spotted Media, shares her vision on how to help employees who want to quit the company, from an employer’s perspective. As for the policy she’s set up at Spotted, “They would get two months full pay where they could spend 50 percent of their time looking for another job. Furthermore, we would work together on crafting a shortlist of companies that they were most interested in, and I would help set up introductions for them and act as a positive reference.”


Featured Jobs

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

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Meet The Authors

Dylan Martin

Lucia Maffei

Kyle Gross

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