Workday acquires the team behind Pattern, a young startup founded by ex-Googlers (TechCrunch)
First Round Capital one of Pattern's investors.

Goldman Sachs breaks down how Amazon can jump into health care (CNBC)


Retail is in 'panic mode,' says Dick's Sporting Goods CEO (CNBC)


Osage leads round in Charlottesville-based VividCortex

Tom Paine




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In a Series A-1 funding announced today, Charlottesville-based VividCortex has raised $8.5 million led by Philadelphia-based Osage Venture Partners. Bull City Venture Partners also participated in the round, as did all existing investors, including New Enterprise Associates (NEA) and Battery Ventures.

While another earlier OVP investment, SevOne, focused on an enterprise's network performance, VividCortex concentrates on database performance. VividCortex’s Database Performance Management platform provides insights into database workload and query performance, enabling teams to proactively resolve database issues faster, the company says. It claims customers such as DraftKings, Etsy, GitHub, SendGrid, Shopify, and Yelp.

OVP Partner David Drahms has been appointed to the VividCortex Board of Directors. To date, VividCortex has raised $15 million.

OVP might disagree, but I see in it leading this round with such prestigious partners to be perhaps a sign that it is becoming more widely visible in the enterprise software investing space.

Read the press release.




CT's Horizon stakes Philly's WebLinc (Hartford Business)

Agilence Receives US$4m in Financing (Finsmes)

Verizon Video Woes Pile On (Light Reading)





8/14: Hulu, FICO go with AWS; Comcast Launches DOCSIS 3.1 in Philadelphia, Baltimore




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Hulu Rolls With Amazon’s Video Cloud (Multichannel News)

AWS infrastructure is now behind three main streaming media providers (ZDNet)


Comcast Launches DOCSIS 3.1 in Philadelphia, Baltimore (Multichannel News)


Domain name registry Donuts raises $110M in financing to help fund $213M acquisition of former rival Rightside (GeekWire)
Radnor-based TL Ventures led a $54M Series C in Donut in 2015.

What Is SoftBank's Endgame in the U.S.? (Hollywood Reporter)

Wasting millions on failed tech upgrades hurts Philadelphians (OpEd/Philly.com)



Weekend Highlights: Uber Board Considers 3 Investment Offers to Buy Company’s Shares ; How Nutrisystem lost flab and got into fighting shape




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Altice Is Considering Seeking Equity Funds for Charter Bid (Bloomberg)

America's 'Cable Cowboy' Lays the Groundwork for Internet Dominance Beyond the U.S. (Dow Jones)


SoftBank’s Plan B: Win over Uber investors who aren't Benchmark (Recode)

Uber Board Considers 3 Investment Offers to Buy Company’s Shares (NY Times)


The HR process is filled with bias, and SAP is selling tech to change that (Quartz)

How Nutrisystem lost flab and got into fighting shape (Philly.com)
Nutrisystem must be on a PR offensive, had a simultaneous feature article in the WSJ (subscription).





8/11: After the Seeso is over: TuneIn raises $50 million led in part by Comcast Ventures




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Seeso postmortem: Stop treating OTT like linear TV, analyst says (Fiercecable)

Nokia Wants To Demo Its Small Cell Technology for Comcast (Wireless Week)

TuneIn Raises $50 Million to Prove Online Audio Can Make Money (Bloomberg)
Comcast Ventures one of the leads. Always wondered if Comcast should have a radio strategy, in spite of that segment's problem.
TuneIn seems to be monetizing radio content over the internet that used to be free, which I don't particularly like.


Some startup founders are ‘nervous’ about dealing with Benchmark after it sued Uber (Recode)

Exclusive: Uber shareholder group wants Benchmark off board (Axios)

Blue Apron is stuck in a dangerous cycle that has nothing to do with Amazon (Recode)






8/10: Benchmark Capital sues Travis Kalanick for fraud; Payment giant PayPal buys Philly-area's Swift




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Scoop: Benchmark Capital sues Travis Kalanick for fraud (Axios)

Longtime Uber exec Ryan Graves to leave company but remain on board (LA Times)
"It was also Graves, the CEO at the time, who brought in the venture capital firm First Round Capital as Uber’s first big investor."
Maybe so, but I had always assumed it was Josh Kopelman's prior relationship with Garrett Camp through StumbleUpon that led to the connection.

Blue Apron Stock Is Now Worth Far Less Than One of Its Meals (Bloomberg)

Payment giant PayPal buys Philly-area's Swift
(Philly.com)
This is very interesting.


Why Everyone Is Hating on IBM Watson—Including the People Who Helped Make It (Gizmodo)

Amazon could start selling event tickets in the U.S. (TechCrunch)

Rethinking ERP buyers, from cloud ERP to vendor selection – with Gabriel Gheorghiu (Diginomica)

Salesforce’s Disruptor Won’t Be A CRM Company (Tom Tunguz)
Microsoft would be a good bet, by his thesis.




8/9: SunGard LBO Shines In Its New Home; PRA to buy Conshohocken-based Symphony Health for $530M+



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That Once-Troubled SunGard LBO Shines In Its New Home (Bloomberg)


PRA to buy Conshohocken-based data and analytics company for $530M+ (Triangle Business Journal)
Symphony Health.

AG SOFTWARE COMPANY GRANULAR ACQUIRED BY DUPONT
(Agriculture.com)
Granular had raised $25 in two rounds, according to CrunchBase.

Altice weighing takeover offer for Charter: sources (Reuters)



Birchbox has held acquisition talks with several retailers, including Walmart (Recode)


8/8: Softbank and Its Vision Fund Are Investing $1B in Fanatics; How Major League Baseball Is Disney’s Secret Weapon Against Netflix




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UPDATE: Softbank and Its Vision Fund Are Investing $1B in Fanatics - DJ (Street Insider)

SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources (Reuters)

How Major League Baseball Is Disney’s Secret Weapon Against Netflix
(Fortune)


Departure of Ruckus channel chief confirms Arris’ confidence in pending takeover, insiders say (FierceCable)

So about this Dell digital transformation story. Pivots. (Redmonk)

Philly wastes time, money on computer system upgrades (Philly.com)

Fidelity Brings Bitcoin Tracking to Traditional Investor Portfolios (CoinDesk)



8/7: Uber co-founder says Kalanick is not coming back; Cloudamize's return to its investors




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Uber board member and co-founder Garrett Camp says Travis Kalanick is not coming back as CEO (Recode)

Dish misses profit expectations but limits subscriber losses (Reuters]

Analysts want answers on ESPN’s OTT service (SportsBusinessDaily)

How Cloudamize yielded '52% a year' for local investors (Philly.com)

Square Mile Lends $91M on Booming Philly Suburb Office Space (Commercial Observer)`

Boxed Pays for Worker Weddings. Will the Perk Survive Automation? (Blooomberg}