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Boston has had at least one $1B+ tech IPO (not including bio) every year for the last decade. There have been as many High nine-figure, billion-plus acquisition
by replicatorblog 8y ago
Boston has had at least one $1B+ tech IPO (not including bio) every year for the last decade. There have been as many High nine-figure, billion-plus acquisitions in the same period.
Boston doesn't get much in the way of national PR, but it's arguably the 2nd best city in tech, measured by liquidity over the last decade, in the country.
And not just in boring security/B2B areas. Wayfair is a top 10 ecommerce player. CarGurus has thoroughly beat TrueCar. DraftKings created its category.
- asmithmd1 8y agoA little over a month ago Boston founded Simplisafe sold to a private equity firm for $1B https://www.bostonglobe.com/business/2018/06/29/simplisafe/xQQ9Rb55kf3WOcrFql5R3K/story.html https://www.bostonglobe.com/business/2018/06/29/simplisafe/x...
- blanderman 8y agoThat explains their recent advertising push!
- jforman 8y agoBoston-founded by an HBS-grad engineer who made early units himself, and bootstrapped until raising from Sequoia's growth fund. An amazing story that got almost no coverage in the tech press.
- allcentury 8y agoPill pack just sold for 1b
- mjfl 8y agoIs the explanation that Silicon Valley companies invest a lot more in / are better at publicity - best example being Mark Zuckerberg boy genius meme?
- replicatorblog 8y agoI think it has more to do with the fact that 3 of the 5 most important companies in tech are headquartered there have a combined $2.3T in market cap whereas Boston's biggest tech co's, TripAdvisor, Akamai, and Wayfair, have a combined market cap of ~$30B.
- mjfl 8y agothat would do it. So really Boston can't really compare with SV because of that factor of 100 difference.
- eropple 8y agoIf you care about those companies, sure. I'd cut my arm off before working at two of the three and the third would make me think about it pretty hard. Once you've ruled out the more gross elements of tech...Boston stacks up pretty well.