Posts tagged “Startups”
Widely read tech publication CNET gives a big shout-out to the Triangle in an in-depth report about alternative destinations other than traditional tech hubs such as San Francisco. Growing "clashes" in the Golden Gate are driving entrepreneurs to pursue alternative destinations, CNET says. And Triangle is one of them.
Note: WRAL TechWire has covered aggressively the issue of crowdfunding legislation in North Carolina. the NC JOBS Act failed this week. Other states, however, are moving ahead. This story recapping efforts elsewhere was published by Stateline, an initiative of The Pew Charitable Trusts.
Life science veteran executive Doug Edgeton, who once ran the Piedmont Research Park in Winston-Salem, spells out his vision for where he hopes to take the North Carolina Biotechnology Center as its new CEO in an exclusive Q&A with WRAL Tech Wire. He says N.C. has a fight on its hands to grow one of the nation's largest biotech industry clusters. But Edgeton believes he's ready for the job. Restoring state budget cuts is a "top priority" as well as recruiting and helping build new businesses. "We have to be creative in finding ways to bring technologies to the marketplace that will improve lives, create well-paying jobs and create wealth for the people of our state," Edgeton explains.
Major RTP angel investor supports GroundFloor's move, says lack of crowdfunding will hurt NC startups
One of the Triangle's most active angel investors with money wagered on Wedpics, Adzerk, Groundfloor, Offline Media, Rocketbolt, SnapYeti, and Trinket, says the lack of crowdfunding is going to hurt startups in N.C. But he also supports GroundFloor's move to Georgia where its crowdlending model already is being rolled out. WRAL TechWire Insiders get the exclusive story.
There's no "ice bucket challenge" at the headquarters of mobile apps startup Two Toasters, but the team is cooking. Its rapid revenue growth earned the Durham startup a spot in the Inc. 5000, and the celebration is a fundraiser for Girls Who Code.
Denis Connaghan, Clinverse's chief executive officer, has $9.1 million in new funding to exploit changes in the pharmaceutical business that mean more opportunities for his clinical trials technology firm. He also talks about the challenges he has faced in his first year on the job in an exclusive Q&A for WRAL TechWire Insiders.
Groundwork Labs graduates William and Galyna Tate prepare to return to the U.S. and launch their startup after six months in the war-torn nation. Galyna is a native of the Ukraine and still has family there. They discuss their startup and the challenges they have faced in a Q&A.
A joke circulating earlier this year lumped the Triangle, Nashville, Chicago together under a moniker that chided many cities' perceived Austin-envy: "South-by-SouthMAYBE." But at the Southern Governors' Association meeting, Adam Klein, who runs the American Underground in Durham and Raleigh, lets the world know: There's no "maybe" about the Triangle as an entrepreneurial metro. Be sure to read Klein's essay, requested by and written especially for WRAL TechWire.
The Council for Entrepreneurial development is going to swamp attendees at its annual venture conference with startup and emerging companies that just might be worth investment. The list of presenting companies grew to more than 60 with the list announced Wednesday.
Founded in 2008, Durham-based Two Toasters has turned an app development niche into a booming business. The bootstrapped startup ranks No. 787 on the latest Inc. 5000 list with revenue surging 579 percent over the past three years. In an exclusive Insider interview, CEO Rachit Shukla explains why Two Toasters is so hot.
Denis Connaghan, Clinverse's chief executive officer for a year now, has wasted no time in putting his own stamp on the company. The clinical trials technology company has raised $9.1 million in new venture capital, landed a new high-profile investor, and will be gunning for more business as it aims for profitability in 2015. WRAL TechWire Insiders go inside the latest developments at Clinverse in an exclusive two-part Q&A.
Some 200 companies from around North Carolina - including several tech ventures based around the Triangle - are among the latest Inc. 5000 list released early Wednesday. We've got the list: Two Toasters, Netsertive, Appia, ReverbNation, Bronto, Brooks Bell - and many more.
Go Energies, a software and hardware startup focused on services related to the fuel industry, ranks No. 10 on the new Inc. 5000 list. That performance - 16,007 percent revenue growth over three years, also makes the company the No. 1 North Carolina firm on the list.
Aseptia, the venture capital-backed firm formerly known as Wright Foods, uses proprietary technology to produce preservative-free foods. The company came in No. 15 on the new Inc. 5000 list with three-year revenue growth of an astounding 12,427 percent. It's also creating jobs. Lots of them.
Clinverse, which focuses on financial management tools to be used in clinical trials, has raised $9.1 million in a new round of venture capital funding. Durham-based Hatteras Venture Partners is part of the round.
The tweet from WRAL's Capitol news team says it all for crowdfunding in North Carolina: "House votes to KILL H1224 47-54." The NC JOBS Act was part of House Bill 1224, which went down to defeat after some bitter debate. The vote failed despite last-second lobbying from Secretary of Commerce Sharon Decker.
With crowdfunding legislation bogged down in the N.C. General Assembly, startup GroundFloor is leaving the Triangle to establish its headquarters in Atlanta. The crowdfunding company focused on real estate also raises $1 million in new funding.
Crowdfunding startup GroundFloor is not moving to Atlanta because of the failure of the N.C. general Assembly to pass crowdfunding legislation, co-founder and CEO Brian Dally tells WRAL TechWire. In an in-depth Q&A, Dally talks about why the decision was made, that the firm could have raised more than the $1 million announced Tuesday, and deal flow is good. So good, in fact, that they expect to raise another round of financing later this year.