Virtual reality, real windfall
Boston VC firms to profit with Facebook’s $2 billion buy of Oculus VR
Antonio Rodriguez, a general partner at Matrix Partners in Cambridge, is a board member at Oculus.
Virtual reality technology startup Oculus VR has reached a deal to be acquired by Facebook for approximately $2 billion, and two Boston-area venture capital firms, Matrix Partners and Spark Capital, are among the investors set to earn a windfall. The company is the maker of the the Oculus Rift virtual reality headset. Matrix’s investment into Oculus has been led by Cambridge-based general partner Antonio Rodriguez, while Spark’s investment has been led by Boston-based general partner Santo Politi. Read More
Next phase
Broad Institute exec to head Kendall Square group, succeeding Tim Rowe
Alan Fein will become the new president of the Kendall Square Association
One of the leaders of the prestigious Broad Institute will become the next president of the Kendall Square Association, a Cambridge business group that includes the likes of Google Inc. and Microsoft Corp. Alan Fein, who is the Broad's executive vice president, will take over from Tim Rowe, chief executive of the Cambridge Innovation Center who founded the Kendall Square Association six years ago. Read More
'Large pipeline'
Boston may have more IPOs coming up than you thought
(Map graphic courtesy of Boston.com)
Last week I reported on a dozen Boston tech firms looking to go public in the next few years. Most appear poised to go public in 2015. But that doesn’t mean Boston won’t be part of the expected tech IPO bonanza this year. Apart from the companies we already know about that are likely to go public in coming months (Wayfair, HubSpot, Imprivata), there are apparently quite a few others lining up. Read More
An all-in-one payment platform
Merchant Warehouse adds rewards program with acquisition of Opticard
Henry Helgeson
Boston-based payment technology company Merchant Warehouse announced today the acquisition of Opticard, a loyalty rewards program provider. With the addition of Opticard, Merchant Warehouse bolsters its multi-channel payment solutions that currently include software, hardware, and a "customer engagement" platform for businesses, by adding one of the country's largest reward programs. Read More