North Carolina's startup community has come a long, long way since the dark days of the "dot com" bust in 2002. In 2015, startups and emerging companies raised more investment capital than in any year since the boom's pinnacle. While success has many fathers, as the saying goes, one leader deserves a big share of the credit for the revival and the remarkable state of startups today across the state. His name is Dave Rizzo. Here's the backstory - and an appreciation.
Answered prayers? Recently blessed for its work by the Pope, Bamboo Therapeutics, a recently launched life sciences venture focusing on gene therapy to treat deadly childhood neurological disorders, has raised nearly $50 million from investors. CureDuchenne Ventures LLC, a venture philanthropy organization, is among the backers.
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WRAL TechWire earlier today published an appreciation of veteran entrepreneur, investor and economic development leader Dave Rizzo. His role in entrepreneurship dates back some two decades. Here are two stories from WRAL TechWire's archives that help put Rizzo's accomplishments in perspective.
In today's Bulldog wrapup of technology news: Uber to pay $28.5 million to settle lawsuits; Visa buys 10 percent stake in Square; Facebook faces free speech suit; and the NYPD's cell tracking disclosed.
AT&T says it will test the next evolution of wireless technology known as "4G" in Austin, Texas by the end of this year. The communications giant joins rival Verizon in exploring a network that could deliver data 100 times as fast as current 4G service known as LTE.
With robots, more automation and the rise of cognitive computing being predicted to erase hundreds of thousands of jobs in North Carolina over the next generation, a new report predicts growing job demand in one area: Analytics. Companies need hundreds of thousands of data scientists and data managers as they broaden use of analytics across the enterprise. At Cisco, the search is on for internal talent.
A group of startups focusing on virtual reality known as RTP Virtual Reality is teaming up with the American Underground for a series of demos to demonstrate what has been touted as the next wave in interactive entertainment. Several Triangle firms already are making plays in the VR space.
Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service. A communications trade group hailed the decision.
Apple co-founder Steve Wozniak - also known as "The Woz" - is bringing us an even nerdier "Comic Con" to Silicon valley. But there are rules attendees must follow for attire, conduct and weapons. Among them: Attire. "No costume is not a costume" and "full-cheek coverage."
Twitter's latest earnings report will disappoint some, and the news of a stall in user growth is hardly good news. But a Warwick Business School researcher offers some positive spin. Plus, Insiders get a graphical view of Twitter.
Analysis: Faced with mounting pressure from competitors and customers alike, Cisco is taking steps to evolve and reduce its reliance on network infrastructure sales, says analyst Patrick Filkins of Technology Business Research.
The economic development group NC IDEA will undergo a major transition under its new CEO Thom Ruhe, evolving into a private foundation. While the Durham-based group will continue to offer hundreds of thousands of dollars in grants annually to startups, its mission will broaden with the goal of boosting entrepreneurship, Ruhe tells WRAL TechWire in the first of a three-part Q&A.
Quintiles reports quarterly earnings that top Wall Street expectations, and the business pipeline has CEO Tom Pike upbeat. "We believe we are well-positioned for the long-term with our $12.04 billion of backlog," he says.
"We delivered a strong Q2, and are managing the business extremely well in a challenging macro environment," says Chuck Robbins, Cisco chief executive officer. "We're managing the company on two fronts. We're focused on continued strong execution in the near term while investing in the innovation to lead our customers into the future."
The Institute for Emerging Issues at NCSU hosted a two-day Emerging Issues Forum earlier this week to explore what technology automation and robotics means for future workers. Jim Roberts, who leads the Network for Entrepreneurs in Wilmington (NEW), found much to be positive about.