In The Know
The Inno stories you need to read today.
Inside the people, companies and organizations making moves in Boston.
Lucy: Contrary Capital is a new kind of venture capital firm that wants to be the go-to fund for college and university startups, according to venture partner Jackson Feder. The fund was the idea of a Northeastern University alum, Eric Tarczynski, who noticed the necessity to fill the gap between the low and high amount that funds would typically give to college students. Over the past two years, Tarczynski had been working on the back-end, getting the firm off the ground by acquiring funding from various notable benefactors such as Martin Eberhard (co-founder and former CEO of Tesla Motors), Daniel Macklin (co-founder of SoFi), Emmett Shear (co-founder and CEO of Twitch) and others. Our terrific editorial intern Fran Albanese has the story. Read more: This Venture Capital Fund Focuses on Startups at the University Level
Dylan: If you’re a pinball machine aficionado, we have some good news for you. When Down The Road Beer Co. opens its Everett taproom and brewery next week, the space will be home to eight of the top 10 player-rated pinball machines in the Internet Pinball Database. Beyond satisfying founder Donovan Bailey’s passion for pinball, the machines will also help Down The Road stand out among the more than 140 breweries in Massachusetts. Read more: This New Everett Brewery Is a Paradise for Pinball Machine Fans
Lucy: While GE’s stock is not in good shape, Brightcove shares went up 11.7% following Q3 results that beat earnings per share and revenue estimates.
Dylan: Quite the turnaround for a company whose longtime CEO resigned earlier this year because of poor performance.
Your daily funding roundup.
Dylan: Amastan Technologies, which is developing a “microwave-plasma production system,” raised a nearly $14M Series B round, according to BBJ.
In The Community
The events and happenings to know about tonight and this week.
Lucy: A couple of things to put in your calendar for Monday:
— In the morning, Boston Business Journal presents Salute to Veterans, a new program to recognize veterans and organizations that are making employment and advancement strides with veterans. General admission tickets are at $85.
— In the evening, Brandeis International Business School is celebrating the kickoff of Smart Fifty in Boston, a contest for aspiring startups working on “smart” solutions in the categories of learning, money, sustainability, living and health. The international competition will select the top “50 solutions to transform India.”
Read This Right Now
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Dylan: In a guest post for BostInno, Gayatri Sarkar, an angel investor associated with the MIT alum-led VC firm Castor Ventures, wrote about what token buyers should know around the current craze surrounding Initial Coin Offerings: “It will be interesting to see post-ICO if these shareholders have enough incentives to put their hard work and sweat into building a company of distributed value. It’s like giving millions of dollars to your toddlers and asking them to study hard in school. Being a cash-rich startup does not ensure product success.”