Author: Joanna Glasner

Robot couriers scoop up early-stage cash

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Bots replacing office workers drive big valuations Getting personal: Funding rises for software-driven tastemakers Much of the last couple of decades of innovation has centered around finding ways to get what we want without leaving the sofa. So far, online ordering and on-demand delivery have allowed us to largely accomplish this goal. Just point, click and wait. But there’s one catch: Delivery people. We can never all lie around ordering pizzas if someone still has to deliver them. Enter robots. In tech-futurist circles, it’s pretty commonplace to hear predictions about how some...

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Bots replacing office workers drive big valuations

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Getting personal: Funding rises for software-driven tastemakers The alumni of these universities raised the most VC in the past year A lot of people still get paid to sit in offices and do repetitive tasks. In recent years, however, employers have been pushing harder to find ways to outsource that work to machines. Venture and growth investors are doing a lot to speed up the rise of these worker-bots. So far this year, they’ve poured hundreds of millions into developers of robotic process automation technology, the term to describe software...

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Getting personal: Funding rises for software-driven tastemakers

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Global unicorn exits hit multi-year high in 2018 Boston-area startups are on pace to overtake NYC venture totals It has the feel of a science fiction plot. A young man heads online to look up deals on things he likes. Slowly, the tables turn. Now, it’s the computer that starts telling him what he wants. Buy these pants. Play this song. Eat this pizza. Date this girl. Read news with this political spin… OK, I lied. This isn’t sci-fi at all. It’s the current reality. And it’s the kind of...

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The alumni of these universities raised the most VC in the past year

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Global unicorn exits hit multi-year high in 2018 Boston-area startups are on pace to overtake NYC venture totals Whatever criteria we look at, whether it’s schools with the highest number of well-capitalized founders, highest funding totals or even where startup investors went to college, the same names top the list. The only surprise factor, it seems, is whether Harvard or Stanford will be in first place. It’s possible we’ll do a data-driven university- and startup-related ranking that doesn’t feature the same two schools in the top two positions. But that’s not...

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Global unicorn exits hit multi-year high in 2018

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Boston-area startups are on pace to overtake NYC venture totals Home run exits happen stealthily for biotech Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase data shows 23 unicorn IPOs globally so far in 2018, well outpacing full-year totals for 2016 and 2017. Collectively, this year’s newly public unicorns are doing pretty well too. Most priced shares around or above expectations. We’re also seeing a lot of impressive aftermarket gains....

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Boston-area startups are on pace to overtake NYC venture totals

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor Home run exits happen stealthily for biotech While tech waffles on going public, biotech IPOs boom Boston has regained its longstanding place as the second-largest U.S. startup funding hub. After years of trailing New York City in total annual venture investment, Massachusetts is taking the lead in 2018. Venture investment in the Boston metro area hit $5.2 billion so far this year, on track to be the highest annual total in years. The Massachusetts numbers year-to-date are about 15 percent higher than the New York City total. That puts Boston’s...

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Home run exits happen stealthily for biotech

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor While tech waffles on going public, biotech IPOs boom Shoe startups aren’t dragging their feet Startup exit tallies commonly underestimate biotech returns. Unlike most tech deals, the biggest profits in bio often come long after an IPO or acquisition. Take Juno Therapeutics, a publicly traded cancer immunology company that sold to pharma giant Celgene this year for $9 billion. At first glance, it doesn’t seem like a deal that would impact Juno’s early investors. After all, Juno went public back in 2014. Though the Seattle company raised more than $300 million...

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While tech waffles on going public, biotech IPOs boom

TECHCRUNCH For people who make investment decisions based on revenues and projected earnings, biotech IPOs are kind of a non-starter. Not only are new market entrants universally unprofitable, most have zero revenue. Going public is mostly a means to raise money for clinical trials, with red ink expected for years to come. That pattern may be one reason the venture capital press, Crunchbase News included, tends to devote a disproportionately small portion of coverage to biotech IPOs. It’s more exciting to watch a big-name internet company pop in first-day trading or poke fun at an underperforming dud. But with our fixation on all things tech,...

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