10 Reasons why Boston was a great start-up town in 2011 – Looking forward to a great 2012

In alphabetical order: Artisan's Asylum  – now with 31,000 square feet on the Somerville/Cambridge line, wood shop, welding shop, machine shop, lots of how-to classes and a great mix of artists, machinists, electronic hobbyists, carpenters. You can finally, for little money, build whatever your mind can imagine minutes from Boston. BostonInno , GreenHorn Connect, Scott Kirsner, VentureFizz, Xconomy and many more that I forgot to mention keeping us informed second by second on the local startup scene. Cambridge Innovation Center – The CIC is an incredible space for launching companies and always a friend to the start-up community. Microsoft NERD Center – The NERD center has hosted for free thousands of events in their spectacular spaces. Great to see the corporate giant doing so much for the local start-up eco system. Mass Challenge  - One million dollars in prizes, free awe-inspiring office space. Attracting worldwide talent to Boston. Yowza. TechStars Boston –  A fantastic accelerator program, $100K guaranteed funding, an exceptional training/mentoring program, friendly … Continue reading →

Before You Start a Business, Plan Your Exit

Not usually the first thing you think of when starting a company, but where you want to end up impacts everything you do. I sit on the board of ChatThreads, where we are in the process of raising an equity round to fund the growth of the company. Early in the process, an investor asked what the company could do to accelerate and maximize our exit.  I replied my standard response: “ We intend to build a great business. By building a great business, we create a great exit.” While my answer was accurate and sincere, I owe the investor a more nuanced answer. What Makes ChatThreads Valuable ChatThreads is a media research company that helps primarily Consumer Package Goods (CPG) companies evaluate with a 360-degree view in real time the effectiveness of their advertising dollars.  As an early stage business, with a coveted product offering and broad applicability, ChatThreads can grow in many ways: Maximize the revenue from a … Continue reading →