New York, in Venture Capital (not Sports) Fast forward to 2013, and Boston is in a renewal mode. I vividly remember the names of many tech companies that peppered Route128 when I made the trek to I-93 from Waltham on the way to Andover: Nixdorff, Data General, Digital Equipment, Honeywell, Wang, Apollo, EMC, to name a few. I used to work for Hewlett-Packard’s Medical Products Group during that time, and would travel there almost monthly. Rob Go of Nextview Ventures has The Hitchhiker’s Guide to the Boston Tech Community (Fall 2013 Edition), a very comprehensive listing of the who’s who including Meetups, University resources, VCs, co-working spaces, accelerators, upcoming startups and thought leaders.īack in the 80’s, Boston was the undisputed second pole for high-tech, especially around the famed Route 128 corridor. This is probably Boston’s most important advantage, given that students are the next entrepreneurs, and Universities are possibly the next VCs, according to Fred Wilson. Jeff Bussgang of Flybridge Capital Partners, part VC, part professor at Harvard has a post with a Slideshare, What Makes the Boston Startup Scene Special? Among the many reasons, it has 74 universities and colleges with 265,000 students. One of them is to “raise the fun quotient”. Then, the Dorm Room fund, managed by First Round Capital, is now expanding into Boston, its a fourth city.Īlso, Polaris Venture Partners is moving its headquarters into the Innovation District, and it was recently reported that Mark Cuban has made 6 investments in Boston-area startups.īarb Darrow at GigaOm names 8 ways Boston can nurture – and keep – more startups. So, let’s review what is happening on the ground in Boston, then follow with an analysis of the last 100 venture funding deals in both cities, utilizing Mattermark data (published with permission).įirst, the Experiment Fund is a new $10 million fund that has partnered with Harvard University and operates along its School of Engineering and Applied Sciences to scout potential investments with students, on campus. Can Boston become the third pole? What’s the reality? outside of Silicon Valley, New York is undisputedly the “other” pole of attention, but suddenly, there is increased attention on Boston. A native of Scotland, he has lived in the United States since 1984.When it comes to Tech Startups Ecosystems in the U.S. He received his undergraduate degree (B.Acc.) from Glasgow University. The shift that took place while he was CEO, from a print based publishing business to a sophisticated software and information company, allowed Thomson to achieve a clear leadership position overtaking the longtime dominant market leader.Įuan is a Chartered Accountant in the UK, and began his career with KPMG in Glasgow, Scotland and New York. During this period, he was a senior executive with The Thomson Corporation (now Thomson Reuters), with responsibility for Thomson’s Tax & Regulatory information and software business units. The transformation of the Vertafore business, including the move from in-house to SaaS based offerings and the successful integration of more than a dozen strategic & tactical acquisitions, has created significant value for the company’s investors during Euan’s tenure as CEO.Įuan has been a CEO in key professional markets since the early 1990s. The current lead investor, TPG Capital, acquired the business for $1.4 billion in July 2010. Vertafore was an investment in Insight III until December 2004, when it was sold to funds controlled by Hellman & Friedman. Euan was the CEO from 2001 until October 2013, and remains involved with the company as non-executive Vice Chairman and a Board Member. Euan Menzies is the former CEO of Vertafore, a leading provider of SaaS software and information solutions to the U.S.
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