Venture-backed tech exits started off with a bang when Sequoia Capital-backed WhatsApp was acquired for $22B by Facebook in February. The year ended on a high note as well with multiple VC-backed tech IPOs in December (including 2 of the 10 biggest exits of the year).
Venture-backed life science IPOs far exceeded tech IPOs in terms of quantity in 2014. Besides being plentiful in number, VC-backed healthcare exits also racked up some large valuations with the top 20 life science exits of 2014 being valued at $12.1B. The top two healthcare investors per Investor Mosaic (OrbiMed Advisors and Alta Partners) saw multiple entrants in the top 20 exits of 2014.
The financial services industry is facing a wave of digital disruption that is starting to reshape the industry. Global Fintech financing has grown from less than $930 million for the whole of 2008 to over $1.04 billion in the month of October 2014 alone. Read on to see the shining stars disrupting in this bold new space.
Pulmonx Corporation, a leader in interventional pulmonology, today announced that Glen French has joined the company as President, Chief Executive Officer and member of the Board of Directors.
Goldman Sachs, Morgan Stanley, Citibank and JP Morgan Chase are stepping up their investment activity into private tech companies.
It’s that time of year again: Santa is preparing his list of naughty and nice biotech management teams, and taking his recommendations to the Compensation Committee.
John I. Williams, Jr., an innovative and visionary leader with extensive experience in higher education, has been selected to be the twelfth president of Muhlenberg College. He will begin his tenure at the College on July 1, 2015.
Masabi, the leader in mobile ticketing and payments for transit, today announced that Brian Zanghi has joined the company as its new Chief Executive Officer and President. He will assume the role immediately and is focused on accelerating growth globally in the evolving mobile ticketing market. He replaces previous CEO, Co-Founder Ben Whitaker who will remain with the company as Head of Innovation.
Brendan O’Leary, PhD, an accomplished scientist and venture capitalist specializing in the pharmaceutical, medical device and diagnostic sectors, will join UMass Medical School as an executive vice chancellor responsible for promoting innovation and business development, announced Chancellor Michael F. Collins.
Today, The Board of the Association of Universities for Research in Astronomy (AURA), announced the selection of Dr. Matt Mountain as President, beginning March 1, 2015. Dr. Mountain will succeed Dr. William Smith who served as President since 2000.
Entellus Medical, Inc. has appointed Robert White as President and Chief Operating Officer. White joins Entellus Medical from TYRX, Inc. where he served as President and Chief Executive Officer.
SOTIO, LLC has appointed Niels Borgstein, M.D. as Chief Medical Officer, U.S.
Yale University has appointed Andrew Gotlin, M.D. as Chief of Student Health and Athletic Medicine.
Foundation Medicine has appointed Suzanne Fleming as Vice President, Finance.
Dr. David Gordon has been named the inaugural dean of the College of Health Professions at The University of Akron.
According to an executive compensation study of private businesses released today, non-founder C-suite executives at life sciences and healthcare companies saw their cash compensation increase by 4.2 percent year-over-year, while comparable executives at private technology firms experienced an average increase of 3 percent.
a-connect (U.S.), Inc. has appointed Mike Ferrante as Senior Client Service Partner.
SCIenergy has named Brian Bezdek as Chief Financial Officer. Bezdek joins SCIenergy from SuccessEd, LLC, where he served as Chief Financial Officer (2012-2014).
Everyone knows there’s a need for technologies to make fresh water safe for drinking. But Oasys Water has found the strongest demand for its technology comes from treating some of the nastiest water around, particularly wastewater associated with fossil fuels.
When Amazon.com Inc was developing its most advanced tablet to date, it asked a little-known company to solve a tricky problem with the screen: How to produce rich colors without draining battery life.
It’s no secret I am a sociologist at heart and love economics or at least parts of economics as a result. I have been listening to Russ Roberts’ EconTalk podcast nearly every week for the last seven years. Not quite from the beginning but pretty close. I have grown as a thinker and ultimately have refined how I approach economic data and quantitative analysis as a result.
TriNetX has appointed Gadi Lachman as Chief Executive Officer. Lachman most recently served as Senior Vice President, Physician Networks at American Well, Inc.
Hybrid Design Associates and Surface Mount Company has appointed Brad Tesch as Chief Executive Officer.
Alan Auerbach hit the jackpot when stock of Puma Biotechnology, the drug company he founded, skyrocketed 295% on July 23 following good news from a Phase III clinical trial of an experimental breast cancer drug that Puma licensed from Pfizer.
Philanthropist Ted Stanley has pledged to give a record-breaking $650 million to the Broad Institute of MIT and Harvard to fund psychiatric disorders research, the institute’s Stanley Center for Psychiatric Research announced on Tuesday.
Dean of the Faculty of Arts and Sciences Michael D. Smith and Vice President for Alumni Affairs and Development Tamara Elliott Rogers have announced that O’Neil A.S. Outar will become the new senior associate dean and director of development for the Faculty of Arts and Sciences (FAS) effective Sept. 8.
In one of his first moves as dean of the College, Rakesh Khurana has named Rutgers University administrator Sheila Thimba the College’s new dean of administration and finance, filling a post that has been without a permanent appointee for nearly a year.
As it turns out, Uber’s million weekly users are not the only ones getting a lift. The iconic digital disruptor to the transportation services announced this week that the median annual income for an UberX driver in New York City is $90,766, a salary over triple the estimated median income for a typical U.S. cab driver.
Cell Signaling Technology has appointed Dawn Mattoon as Vice President, Product Development.
Spindletop Capital Management has appointed Joseph Ibrahim as Managing Director.
Theravance, Inc. (Nasdaq: THRX) has appointed Theodore Witek as Senior Vice President, Clinical and Medical Affairs, Respiratory.
GI Dynamics, Inc. has named Randy Koester as Vice President of Quality.
Pennington Biomedical Research Center has appointed David Winwood as Chief Business Development Officer.
Five years ago, Southern New Hampshire University was a 2,000-student private school struggling against declining enrollment, poor name recognition, and teetering finances. Today, it’s the Amazon.com of higher education. The school’s burgeoning online division has 180 different programs with an enrollment of 34,000.
Histogenics Corporation, a regenerative medicine company focused on developing and commercializing products in the musculoskeletal space, today announced the appointment of Adam Gridley to President and Chief Executive Officer and as a member of the Company’s Board of Directors.
“It’s about bringing 20 to 30 people together, giving them sufficient funding—almost like [Howard Hughes Medical Institute] level funding,”Druker said to The Cancer Letter.
Commuters to New York City who hate the wait to buy paper train tickets–whether from a man or a machine–will soon have the option to use their mobile phones instead.
After an extensive national search, Columbia University has appointed Brenda Ruotolo as Executive Director, Institutional Review Board.
Mark Nemec, a political scientist, higher education expert and business leader, has been appointed the next dean of the Graham School of Continuing Liberal and Professional Studies, effective July 1.
Cell Signaling Technology has appointed Philippe Mourere as Vice President, Global Sales.
GI Dynamics, Inc. has named Rahul Chaturvedi as Vice President, Clinical Affairs.
ConforMIS has appointed Paul Weiner as Chief Financial Officer.
We are going to trace one simple Internet request. It’s one that lots of people have made lately.
Fred Bronstein, the highly successful chief executive of one of America’s major symphonies, an accomplished pianist and a dedicated music educator, has been appointed to lead the Peabody Institute of the Johns Hopkins University, the nation’s first music conservatory.
Penn President Amy Gutmann and Provost Vincent Price today announced that John L. Jackson Jr., the Richard Perry University Professor at the University of Pennsylvania and Senior Advisor for Diversity in the Office of the Provost, has been named dean of Penn’s School of Social Policy & Practice. His new position will become effective July 1.
Rice University President David Leebron and Provost George McLendon today announced the appointment of renowned economist Antonio Merlo as chair of Rice University’s Department of Economics and director of the Rice Economics Initiative, a new multiyear plan to enhance economics research and teaching at Rice.
The Harvard University Office of Technology Development has named Jessica Duda as Director, Business Development, a role which serves the Wyss Institute as well as the Cambridge office.
Allylix, Inc. has named Paul Kelley as Vice President, Operations. Kelley was previously serving as Chief Operating Officer at AgriProteus, LLC.
365 Data Centers named Kevin Bostick as Chief Financial Officer. Bostick joins 365 Data Centers from Elevation DC, where he served as one of four senior executives evaluating multiple telecom and technology acquisitions.
QD Vision has appointed Michael Sehnert as Vice President of Operations.
QSpex Technologies is pleased to announce the closing of a $15 million Series E financing. Concurrently, the board has appointed Brett Craig, a QSpex board member and advisor, as President and Chief Executive Officer.
Telx, a leading provider of global interconnectivity, cloud enablement services and datacenter solutions, today announced that Hector Hernandez has joined the company as Senior Vice President of Operations and Service Delivery.
Thrasos Therapeutics has appointed Jerome Rossert as Chief Medical Officer.