You're reading The BostInno Beat - View more newsletters

 

 


Monday, January 8, 2018

Powered by BostInno

Become a Sponsor

Dylan: Do you know someone in the Boston startup community who has a good story about failure? We report on failures from time to time, but in February, we’re dedicating a whole week to stories about when things go wrong and why. If you have a good story to tell, email us at dmartin@americaninno.com and lmaffei@americaninno.com.



The Big One

A breakdown on the day’s biggest Inno story.

Dylan: One of the biggest challenges healthcare providers face is improving care while lowering costs. The United States, in particular, is grappling with this issue as the top healthcare spender in the world while ranking No. 31 in life expectancy.

Out of the many startups attempting to solve problems in healthcare, one in Boston is trying to attack the double-pronged issue of cost and care through analytics software that is accessible to multiple stakeholders within an organization, doctors included.

The startup, Avant-garde Health, raised a $4M seed round last year from local venture capital firms General Catalyst and Founder Collective, along with the Rothman Institute, a Pennsylvania-based orthopedic care firm.

Avant-garde was founded in late 2014, but its roots go back to Harvard Business School, where the company’s CEO, Derek Hass, worked with professors Robert Kaplan and Michael Porter to develop a method for determining the true costs of healthcare.

This became the basis for Avant-garde’s cloud-based analytics software, which allows healthcare providers to compare their efforts for providing better, more cost-effective care and then gives them clear actions on ways to improve.

Working with 16 healthcare facilities across the country now, Avant-garde has already found some promising results. The company found in a study of its launch cohort that it was able to reduce readmission rates by 33%, decrease length-of-stay for patients by 13% and reduce average spending by $2,100 per patient case. Read more: HBS-Born Startup Arms Doctors with Analytics to Provide Better Care

In The Know

The Inno stories you need to read today.


Making Moves

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

Lucy: Barack Obama will be in town to speak at The MIT Sloan Sports Analytics Conferencethe Globe reported. The former president will make an appearance Feb. 23 at the Boston Convention and Exhibition Center.

Dylan: If you’ve seen the most recent season of the excellent sci-fi series Black Mirror (think Twilight Zone with a modern tech twist), you may have thought that the robot dog in the “Metalhead” episode looked awfully familiar — like a certain robot dog we know that’s made by a certain local company. As noted by The Boston Globe, Black Mirror creator Charlie Brooker told Entertainment Weekly recently that Boston Dynamics — the maker of SpotMini and BigDog — served as the inspiration for this episode’s mechanical monster.

Lucy: Local companies Tamr, Cybereason, Neurala and DataRobot made the 2018 “A.I. 100” list as some of the most promising A.I. startups globally, Fortune reported. The list was released by research firm CB Insights.

Dylan: Proletariat, a local video game studio that has raised VC $$ from Accomplice and Spark Capital, has shut down its first project, a mobile game called World Zombination. The company says it’s working on prototypes for new games. It’s also still running Streamline, a “stream-first” multiplayer game, and StreamLegends, a mini-RPG extension for Amazon’s Twitch streaming service.

Lucy: Local startup DetraPel, which sells a repellent spray preventing your shoes from getting wet or dirty, is now a Mark Cuban-backed startup. You may remember its founder David Zamarin as a member of the Babson Summer Venture Program last summer. Yesterday, the Babson undergrad walked out of the tank of ABC‘s Shark Tank” with a $200K deal from Mark Cuban and Lori GreinerIn a phone interviewZamarin told me that on Sunday, the revenue of DetraPel to date was a little over $60K. After the episode was aired, the venture registered a jump in revenue to $66.2K in website salesRead more: Babson Startup DetraPel Lands $200,000 Deal at ‘Shark Tank’

Dylan: Remember Brainwave Science, the Southborough, Mass.-based tech company that once had Michael Flynn on its board of advisers? BBJ has uncovered a lawsuit against the company that was filed in March 2017 for alleged breach of contract. The suit alleges that Brainwave “fraudulently transferred its assets to a foreign corporation of the same name in an attempt to shield itself from legal judgments.”


New Money

Your daily funding roundup.

Dylan: Boston-based fintech company Bison has closed a funding round led by FINTOP Capital. Existing investors Hamilton Lane and GrandBanks Capital also participated in the round. The amount was not disclosed.


Player Personnel

Who’s moving where.

Dylan: HubSpot started out 2018 with a slate of new leadership hires: Michelle Benfer as VP of sales, Andrew Lindsay as VP of corporate development, Lan Marinelli as associate general counsel, Susanne Rönnqvist as VP of international marketing, and Elizabeth Ruscitto as director of developer relations. Benfer was most recently VP of sales for LogMeIn’s LastPass business, Lindsay was previously VP of corporate development at wearable company Jawbone, Marinelli was at Athenahealth, Rönnqvist was VP of business marketing at Klarna, and Ruscitto was at Leap Motion. For a company that has been trying to improve its diversity, this is a big step on the leadership side (you wouldn’t necessarily tell by just the text, but no white men here).

Lucy: Mathieu “Mat” Gagné is the first CFO of retail analytics platform Wiser, which is the combined operations of the companies previously known as Mobee and QuadAnalytixPreviously, Gagné served as CFO at Alert Innovation, EBI Consulting and MyWebGrocer.

Dylan: Wayfair has appointed Jeffrey Naylor, a former TJX Companies CFO, to its board of directors. Naylor has also held leadership roles at Big Lots, Limited Brands, and Sears.

Lucy: Daniel Patt has been appointed CEO of Vecna Robotics. Patt was a deputy director for the strategic technology office at DARPA.


In The Community

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

Lucy: Action Design Boston is organizing an Open Project event with Impact Hub from 6 to 8 p.m. tonight. To help plan your agenda this month, here’s a list of top tech events to attend. Read more: BostInno Approved: January’s Top Tech & Startup Events in Boston 


Featured Jobs

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


From Our Partners

Are you currently working at a startup, or thinking about a job transition in the new year? If so, an MBA could be a smart next move for you!

Join us in Boston at the QS World MBA Tour on January 18th for the opportunity to meet with top business schools from Boston University, Boston College, Northeastern University, Bentley, Suffolk, Fordham and many more. By attending, you’ll also be eligible to apply for a pool of scholarships, worth $7M.

We’ve also added a free resume Clinic with CareerEngage Boston’s founder Jayne Mattson and James Dunford. Jayne is a Senior Career Management Consultant for a New England based career management firm whilst James is the President of CareerEngage Boston and currently the HR Recruitment Programs Administrator for Harvard University. Register Now.



Interested in sponsoring this email?
Contact Conrad for more information: cpaquette@americaninno.com

Have a tip or scoop? Submit it anonymously.

Meet The Authors

Dylan Martin
dmartin@americaninno.com

Lucia Maffei
lmaffei@americaninno.com

Kyle Gross
kgross@americaninno.com

Copyright © 2018 AmericanInno, All rights reserved.
*|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|*

Our mailing address is:
99 Summer St, Boston, MA 02110

Want to change how you receive these emails?
You can .


 

Tags: