Links 6/30/2014: Comcast raises your electric bill by turning router into a public hotspot, Speedify CEO says; Comcast asks for retest

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Comcast raises your electric bill by turning router into a public hotspot
(Ars Technica)
Alex Gizis, CEO of Philly-based Connectify (of which Speedify is a crowd-funded service), who conducted the testing, says Comcast has requested they conduct another test using the equipment most like what is actually in subscribers homes now.

Connectify commercializes Speedify channel bonding service (FierceWireless)

Staples takes its connected home business nationwide (Gigaom)
Could be boost for Malvern's Zonoff.

OpenStack pioneer Rackspace is in the hot seat (Gigaom)

Oracle’s Higher Ed Franchise Ripe for Workday Gains, Says Oppenheimer (Barron's: Tech Trader Daily)

SAP’s long road to Run Simple on the BI front (SAP Watch)

Digital Health Investments in the First Half Surpass All of 2013

Staunch opponent of reform tapped to head US Patent Office
(Ars Technica)
J&J patent exec (coincidentally named Johnson).

Comcast timeline: Rise of a giant (LA Times)

Philly Tech People News 6/29/2014: New eBay Enterprise chief; ValueVision CEO Stewart replaced

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eBay Inc. Names Craig Hayman as Head of eBay Enterprise (Business Wire)

ValueVision shakeup complete, CEO Stewart resigns (Twin Cities Pioneer Press)

Symphony Health Solutions Appoints Robert Gabruk as Senior Vice President, Customer Success & Insights (Globe Newswire)

Emerald Advisers Names Volpe Deputy C.I.O. (Business Wire)

Echo's interim-CEO loses board seat after proxy battle (Philadelphia Business Journal)

NextGen Healthcare Chief Medical Officer Elected HIMSS EHR Association Vice Chair (Business Wire)

After Aereo: Why Dropbox is safe (but your DVR might not be) and networks need to embrace digital data (Gigaom)

Comcast/NBCU Hackathon Produces First Winners (Light Reading)

CEO Brian Roberts bulks up Comcast for the future (LA Times)

Google, Microsoft clouds now cover MongoDB (PC World)

Aereo suspended service yesterday at 11:30am

Tom Paine

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This morning, in a blog post on its website, Aereo announced it was shutting down "temporarily."

"As a result of that [Supreme Court] decision, our case has been returned to the lower Court. We have decided to pause our operations temporarily as we consult with the court and map out our next steps. You will be able to access your cloud-based antenna and DVR only until 11:30 a.m. ET today. All of our users will be refunded their last paid month. If you have questions about your account, please email or tweet us @AereoSupport".

Links 6/26/2014: First Round Capital closes $175mm First Round V

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First Round Capital Gathers $175M for Fifth Fund (Wall Street Journal: Venture Capital Dispatch)
A good bit larger than its prior funds.

First Round V (Redeye VC)

Salesforce and Philips partner in ambitious health data venture (VentureBeat), Philips join forces for health care IT
(PC World)

IMS Health paying $523M for 2 Cegedim businesses (AP via Business Week)

Aereo Defeat Sets Up Bigger, Broader Fight for TV (Ad Age)

The Limits of the Supreme Court’s Technological Analogies (Slate)

The Tech-Savvy Supreme Court (New York Times: Bits)

Big Ten Network, Comcast agree (ESPN)

Revisiting Comcast’s Xfinity public hotspot strategy
(Network World)

SAP Labs rejects former MD's claims (Economic Times of India)

High-tech company says goodbye suburbs, moves to new workspace in University City (Philadelphia Business Journal)

40 Years on, the Barcode Has Turned Everything Into Information (Wired)
Invented at Drexel in the late 1940s, it took a while to actually get the barcode into

Links 6/25/2014: eBay names IBM vet to head Enterprise unit; ShopRunner to work with Alibaba on China deliveries

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eBay Names Outsider to Head Its Enterprise Unit (EcommerceBytes)

Alibaba/ShopRunner Let Chinese Tap U.S. Brand Sites
(Investor's Business Daily)

Radnor-based Laboratory supplies provider VWR Corp files for IPO (Reuters)

Cloud BI – genuine trend or marketing exercise? (Diginomica)

Google Introduces Android TV, Its New Platform For Smart TV Apps And Navigation (TechCrunch)

The Father of Net Neutrality Returns to Do Battle With Comcast (Wired)

Is Warby Parker Too Good to Last?

Philadelphia CIOs Reveal Hiring Plans For Second Half Of 2014 (PR Newswire)

Links 6/24/2014: NBCU's integrated ad sales approach paying off?

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How a zombie VC firm broke pay-to-play rules (Fortune)

Le Cirque Software Need Helps Prompt Oracle’s Micros Deal (Bloomberg)

Sens. Raise Comcast/TWC Hearing Concerns With FCC, Justice (Multichannel News)

AT&T/DirecTV and Comcast/TWC mergers could put small ISPs “out of business” (Ars Technica)

Report: Verizon, Comcast CDN strategies target OTT players

NBC Books $2.52 Billion in Upfront Commitments, 12 Percent Gain (Hollywood Reporter)

NBCU Unorthodox Ad Plan Spans Broadcast, Cable, Web (Investor's Business Daily)

eBay Inc. Names Craig Hayman as Head of eBay Enterprise (Business Wire)

CIA Information Chief Talks Cloud Computing, Culture Clash at Amazon Event (Re/code)

Bell and Howell spins off software division (Raleigh News & Observer)
Philadelphia private equity firm Versa Capital Management, which acquired Bell and Howell in 2011, now also owns a controlling interest in both BCC and Bell and Howell.
Versa Capital has paid off Bell and Howell’s outstanding debt.

Robin Hood strikes again - this time its Oracle

Tom Paine

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Oracle announced on Friday that it had acquired LiveLOOK, a co-browsing tool. Oracle says LiveLOOK will become an integral part of the Oracle Service Cloud.

LiveLOOK,  based in Matawan, NJ, had investors including Rose Tech Ventures, New Vantage Group, Robin Hood Ventures and New York Angels. Terms were not disclosed.

LiveLOOK appears somewhat similar in function to Firefly, the co-browser started by Dan Shipper at Penn and the first startup to receive funding from First Round Capital's Dorm Room Fund. Firefly was acquired by Pegasystems two weeks ago.

Unlike screen sharing apps, co-browsers are intended to give remote access to only what appears in the browser, not a view of the entire desktop.

Igor Khalatian Ph.D / LiveLOOK

LiveLOOK's CEO and founder was Igor Khalatian Ph.D, a Bell Labs veteran. Prior to LiveLOOK, he was Co-Founder of HelpMeeting, a web conferencing and desktop sharing company.

PeopleLinx, repositioning after losing access to LinkedIn API, integrates with Salesforce CRM

Tom Paine

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Source: PeopleLinx

Philadelphia-based PeopleLinx has integrated its social business platform into the Salesforce Sales Cloud, the company announced on Friday.

About two-thirds of current PeopleLinx customers also are Salesforce CRM users, said PeopleLinx CMO Michael Idinopulos in a phone interview with Philly Tech News, so
this integration was a feature much sought after by both current customers and prospects.
It enables users to access PeopleLinx as a tab within the CRM interface using single sign-on authentication.

PeopleLinx can help Salesforce users to optimize their social presence, configure for best
practices on Salesforce, distribute and promote content, and employ social analytics and
gamification, through techniques such as leaderboards.

One PeopleLinx customer endorsing the move was Terry Connell, Senior Vice President of Sales at Comcast Business. "Social selling is a priority for our sales team and integrating it with is table stakes for us," Connell was quoted as saying in the PeopleLinx release. "It helps make social selling part of their daily sales activities."

PeopleLinx' Salesforce integration comes as the young company is still implementing an alternative strategy after being notified in March by LinkedIn that it would no longer have access to the LinkedIn API ( see Lauren Hertzler's article in the Business Journal.) This step was not aimed singurlarly at PeopleLinx, since it apparently impacted almost all CRM-type partners other than Salesforce and Microsoft, according to a ZDNet piece. For example, another partner left out was the popular Zoho.

Anyone familiar with Twitter's history would not find this type of move surprising, as Twitter often redifined the boundaries of partnerships and API access to protect its own turf, and applcations such as PeopleLinx were getting closer to markets attractive to LinkedIn in the way they made use of LinkedIn data and integration capabilities.

While PeopleLinx has taken the change in its LinkedIn relationship in stride and is making necessary adjustments, and says it has even found some advantages to it, I do think it was a bit of a surprise to PeopleLinx execs (particularly those founders who were early LinkedIn employees) who felt they had a close working relationship with LinkedIn. While discussions between PeopleLinx and LinkedIn did not reach any compromise on the API issue, Idinopulos tells me that PeopleLinx believes it can get much of the value it needs from LinkedIn by accessing its data in the way that most any other business would do so.

PeopleLinx is also broadening its sources and channels through its Salesforce integration and an integration with Twitter's platform, announced a few months ago, and is also looking to establish similar interfaces with Facebook and Google+.

Founded in 2009 by two early LinkedIn employees, Patrick Baynes and Nathan Egan, PeopleLinx has received $3.2 million in funding to date from VCs including Greycroft Partners, Osage Venture Partners, and MissionOG. PeopleLinx has some 50 clients and 25 to
30 employees, Idinopulos says.

Links 6/23/2014: Oracle to buy Micros for $5.3 billion; ValueVision changes CEO after proxy fight

SAP Labs India head quit after sordid drama involving mails, cops (Bangalore Mirror)

Will a Change in Leadership Turn Around Infosys? (Knowledge@Wharton)

Oracle to Buy Micros for $5.3 Billion to Add Hotel Software

Hedge Fund and ValueVision Shopping Network Settle Differences (New York Times: DealBook)
New CEO named.

Comcast Adds Chrome Support To Xfinity TV Go Site (Multichannel

Oracle says Oregon governor spiked Obamacare site for political reasons (PC World)

Philly Tech People News 6/22/2014: TruePosition names new CEO; Lenfest picks interim leader

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SAP Labs India MD quits, sparks rumours of joining Infosys (Times of India)

In with the new as Unit4 refreshes its executive team (Dignomica)

Siegel Named SpinCo CFO (Multichannel News)

TruePosition Names New Chief Executive Officer
(PR Newswire)

Lenfest picks interim leader for
(Philadelphia Business Journal)

Mark Chinn Named Partner, CMG Partners (PR Web)

AWeber Appoints Sarah Thomas as Director of Customer Solutions (AWeber Press Release)

Diann Hamilton named SVP, Executive Planning Director, Digitas Health Lifebrands (Philly Ad Club News)

D4 hires Rich Wakefield as Executive Creative Director (Philly Ad Club News)

Backe Digital adds Zeke Kisling, Dan Calavito, Greg D'Antonio (Philly Ad Club News)

Princeton University Collaborating with Princeton Tech Meetup to Expand Local Entrepreneurship Ecosystem

Esther Surden
Publisher & Editor,

      Keller Center head Mung Chiang spoke to the Princeton Tech Meetup in May. |
      Esther Surden

Princeton University is launching a campuswide effort in 2014 to promote entrepreneurship at the school.

The New Jersey Ivy League school’s agenda includes becoming better integrated with the area’s tech entrepreneurship ecosystem and collaborating with Princeton Tech Meetup.

“The news is that the [Princeton] tiger is waking up and is going to put the university on the map of entrepreneurship and … entrepreneurship on the map of the university,” Princeton Professor Mung Chiang, who heads the university’s Keller Center, told the Princeton Tech Meetup audience at its May 21, 2014, event.

Venu Moola, Princeton Tech Meetup organizer, said the group was pleased to “announce a broader partnership” with Princeton University and the Keller Center, “to help strengthen the local tech and social entrepreneur community, accelerate the interchange of entrepreneurship ideas and talents between students and business leaders and help expand entrepreneurship activities throughout the Princeton area.”

The new initiative represents a departure for the university. “Usually the words ‘Princeton University’ and ‘entrepreneurship’ don’t show up in the same sentence,” Chiang noted at the event.

“That is a pity,” he continued. “We are here to change that together with you. There is no entrepreneurial ecosystem that can thrive without an anchor university … and … no entrepreneurial university … can survive without the local tech ecosystem.”

Princeton, of course, will be “doing entrepreneurship” its own way, said Chiang. “We will define entrepreneurship not just as commercialization and startups,” he said. For Princeton, entrepreneurship is trying to “initiate a transformative change and challenge convention through risk taking, using a small amount of resources.”

Similarly, the school has its own definition of an entrepreneur. “We define an entrepreneur as not a title but a mindset,” said Chiang. Entrepreneurs exhibit a willingness to take risks, bootstrap resources, pivot and “embrace uncertainty for breakfast” to transform a business or a part of society, he said.

Princeton sees entrepreneurs as social, cultural and technical and as movers and shakers in their own companies or within nongovernmental organizations (NGOs), the government or large companies.

Chiang told the group that a Princeton committee is working on how to change the 280-year-old school’s culture. The committee will be making recommendations by the end of 2014 and is now in the “listening phase.” Princeton is soliciting comments from the community at this website.

Noting that entrepreneurship already exists at the university, Chiang said he envisions more events that can be attended by both faculty and students and the larger tech and entrepreneurial community.

He is especially keen on gatherings focused on industry verticals like telecom, his field, and pharma or healthcare. Said Chiang, “We will meet regularly and frequently” and, “We will get specialists to meet with generalists.”

The Keller Center offers entrepreneurship courses, provides internship matching for students and holds conferences and workshops. This summer, seven teams will be attending the Keller Center’s eLab Summer Accelerator Program at Princeton University for the university’s students. There is an entrepreneurship club (e-club), which hosts an annual hackathon as well as the TigerLaunch competition. And the Princeton Entrepreneurs’ Network holds an annual business plan competition.

Changing topics, Chiang was frank about the differences between the New Jersey tech ecosystem and the one in California.

He said that in Silicon Valley, where he had received degrees from Stanford, the ecosystem is so strong that people know the home addresses and cellphone numbers of the VCs, lawyers and accountants who serve the startup industry. They are accustomed to driving over to their homes and knocking on their doors, he said. They can also easily find prospective chief marketing officers, CEOs and CTOs for their companies.

Said Chiang, “You can drive up to the homes … and knock at the door and say, ‘I’ve got a great idea — give me three minutes and tell me what’s wrong with it. Tell me who I should call. Tell me how I can fail fast. Give me the phone number of a potential customer that will tear apart my business plan.’ You can actually go there and knock on the door.”

After Chiang gave his remarks, the Princeton Tech Meetup audience had a lively discussion. One participant pointed out that the university has a long way to go to overcome its reputation for being “insular.”

Chiang said Princeton would be reaching out the community to get the word out. The goal, he said, is to change that perception regarding entrepreneurship. He noted, “I think as far as entrepreneurship is concerned, we all have to help each other. A rising tide will raise all boats.”

Asked whether an open ecosystem would overwhelm Princeton, Chiang said that as far as meetings go, “I don’t think there should be a gating function.” If Princeton starts an incubator or begins a VC fund, which it hasn’t yet decided to do, there would be criteria for access to them because a screening process would be needed to ensure that resources are allocated properly,  he noted.

Other audience suggestions made at the meetup: facilitating Princeton student internships in the local tech community;  streamlining the transfer of technology invented at the university into the greater community.

Esther Surden is Publisher and Editor of NJTechWeekly, and a contributor to Philly Tech News. This article originally appeared in NJTechWeekly, and is republished here with her permission.

Stumped? Invoke the 5-Minute Rule (New York Times)
Interview with Victor Allis, CEO of Quintiq.

Viacom Can't Escape Cablevision's Antitrust Lawsuit
(Hollywood Reporter)

Google’s Nest to acquire video monitoring startup Dropcam for $555M (Gigaom)

Box May Raise $100 Million or More Before IPO (Re/code)

Links 6/20/2014: Verizon said to eye Dish Network's spectrum; Philadelphia Technology Park acquired

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Oracle claims second-largest SaaS vendor title, while Q4 profits slip (Computerworld)

This Morning: Debating Oracle, InvenSense’s Opportunities, Is RackSpace a Target? (Barron's: Tech Trader Daily)

Oracle Cloud Transition Tougher Than Expected (Investor's Business Daily)

Oracle buys LiveLOOK for co-browsing technology (PC World)
Co-browsing tech is hot.

Clayton Christensen Responds to New Yorker Takedown of 'Disruptive Innovation' (Bloomberg Business Week)

UPDATE: Pension manager broke 'pay-to-play' ban, gave $ to Mayor Nutter, Gov. Corbett, SEC says ( Philly Deals)

TierPoint Acquires Philadelphia Technology Park (Business Wire)

Tibco Software profit falls on higher expenses (Maketwatch)

Verizon Wireless eyeing Dish Network spectrum
(New York Post)

Links 6/19/2014: Chelsea in good hands with Netflix; Is Uber's valuation nuts?

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Planning the new Comcast tower, from large to small (Philadelphia Inquirer)

Poll: Most oppose Comcast-Time Warner Cable merger (The Hill)
Always a bit skeptical about results of poll conducted by organization openly opposed to

How New York could put a stop to Comcast’s merger with Time Warner Cable (The Washington Post: Switch)

Possible Stalemate in ValueVision Proxy Fight (Multichannel News)
Comcast has about a 14% stake in ValueVision, and many of its execs are QVC veterans.

ValueVision board scrambled (Minneapolis Star Tribune)

Chelsea Handler Inks Mega-Deal for Netflix Late Night Show (Hollywood Reporter)

Oracle Drops 6%: FYQ4 Rev, EPS Miss, Touts Cloud Growth (Barron's: Tech Trader Daily)

This NYU finance professor thinks Uber’s valuation is nuts. But this isn’t Wall St. (PandoDaily)

Ad-Tech Entrepreneurs Build Cancer Database (Wall Street Journal)

One Kings Lane Cuts 15 Percent of Staff, Kills Used Goods Marketplace (Re/code)
Another First Round Capital portfolio company.

Software Patent Eligibility Limited by U.S. Supreme Court (Bloomberg)

PSERS reports "robust" 3Q, pension adds $1.7B (Pittsburgh Business

PA SERS Reports First Quarter Investment Performance (Press Release)
Directs up to $50 million in alternative investments - $25 million in JMI Equity Fund VIII, L.P., and $25 million in Meritech Capital Partners V L.P.

LBC Credit Partners Closes Third Fund at $839 Million
(PR Newswire)

Comcast Executive’s One-Man Show Now Mandatory Viewing For All Subscribers / The Onion

Comcast Executive’s One-Man Show Now Mandatory Viewing For All Subscribers

Links 6/18/2014: Analyst says NBCU could become worth more than Time Warner

NBCUniversal Could Become Worth More Than Time Warner, Analyst Says (Hollywood Reporter)

Oracle CEO Ellison Renews Hunt for Growth With Micros (Bloomberg)

SAP and Oracle security-provider Onapsis laps up $9.5M (VentureBeat)

Purdy: Bad TV deal could threaten Sharks' ability to stay in San Jose
(San Jose Mercury News)
Hasso Plattner-owned team trying to get more money from Comcast.

IBM SoftLayer chief: A Rackspace acquisition is ‘not exciting’

Interesting development after Lockheed ditched Newtown, where much of the GPS III development was done.

Edison Ventures Leads Series A Investment in LogFire (PR Web)

Links 6/17/2014: Oracle said near deal to buy Micros Systems

Virtustream pushes toward dual OpenStack-VMware cloud management (Gigaom)
SAP a major investor.

Infy’s Vishal Sikka Banks On Alliances With Oracle, SAP And IBM (Business Insider India)

Oracle Said to Near Deal to Buy Micros Systems (Bloomberg)
Deal could cost in $5 billion range.

Unilever’s long-running relationship with SAP to extend into the cloud (Computing)

Artisan Delivers Industry's Most Advanced Mobile Experience Management Platform with Major Summer Software Release
(Business Wire)

PeopleLinx gets ‘LinkedOut,’ reworks product (Philadelphia Business Journal)
Article not very clear as to what extent PeopleLinx was able to resolve its issues with
LinkedIn. Key question.

The Trouble With Apple’s Health App (New York

Report: Nuance may be in sales talks with Samsung and others (PC World)

VertitechIT buys Pennsylvania company (MassLive)

New York State hearings on Comcast/TWC deal kick off Monday

Tom Paine

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The New York Public Service Commission (PSC) is holding hearings on the proposed Comcast-Time Warner Cable deal this week. Hearings are scheduled for Amherst (Buffalo) on Monday evening, Albany on Wednesday and New York City on Thursday. In each session, there will be a public information session at six, and a formal public hearing for receiving testimony and comments at 7:30pm.

As I wrote previously, former Philly tech executive Audrey Zibelman (Viridity Energy, PJM Interconnection) now serves as chair of the NY PSC and will oversee the hearings.

I haven't been able to find out yet whether any hearings are planned by Pennsylvania regulators, but I would doubt that Comcast is too worried by that prospect.

Last week, US House Commerce Subcommittee on Communications chairman Greg Walden (R-Ore.) said the subcommittee wasn't planning to hold hearings on either the Comcast or AT&T deals, although Democrats have asked for hearings.

In New York State, Time Warner Cable has 2.6 million subscribers, while Comcast has only

Plex Systems = The Manufacturing Cloud (The Accel Blog)

IBM-Epic Team to Vie for $11 Billion Pentagon IT System

Online Used Furniture Mart Raises $2.8 Million (
Co-led by First Round Capital and Index Ventures.

Philly Tech People News 6/15/2014: Solve Media's Jacoby named EY Entrepreneur of Year for Greater Philly; Five Below gets CEO

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SAP Marketing VP Bolts to Content Marketing Startup NewsCred (Ad Age)

Solve Media CEO Ari Jacoby Named 2014 Ernst & Young Entrepreneur of the YearTM Award Winner in Greater Philadelphia (Business Wire)

Five Below Nabs CEO Anderson as President (Fox Business)

Technology Veterans Launch Enterprise Cloudworks to Support Efficient Software Development (Business Wire)
Founders Chris Doggett and Chris Gali were co-founders of AdminServer (acquired by Oracle).

Edison Ventures Appoints Kelly Ford Chief Marketing Officer & Partner
(Globe Newswire via PR Web)

Gwen Aston Appointed to Oversee Implementations and Client Success at Instem Clinical (Business Wire)

Workday kicks off TV ad campaign: "We are Workday"

How will Comcast vote it's ValueVision shares? (Minneapolis Star Tribune)

Comcast Seeking to Replace G.E.’s Initials Atop 30 Rock (New York Times)

SAP Faces the Inconvenient Truth
(Albert Pang/Apps Run ERP)

How has First Round Capital made out on its early bet on Uber?

Tom Paine

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Josh Kopelman as "Rider Zero" for Uber Philadelphia in 2012/Uber Blog

Earlier this year, Business Insider told a (perhaps somewhat dramatized) version of the story of how First Round Capital came to co-lead Uber's first post-seed round with $500,000 in late 2010. Of course, the connection goes back to Josh Kopelman and his colleagues knowing Uber co-founder and Chairman Garret Camp from FRC's backing of his prior startup, StumbleUpon, which was sold to Ebay for $75 million before two years later being repurchased by Camp and an investment group (including FRC) for a reported $29 million. Of course, why Ebay needed StumbleUpon in the first place is a different question, for which I'm sure there was a good rationale at the time. Camp is said to have come up with the idea for Uber after complaining about how hard it was to find a cab in San Francisco.

So after Uber's recently announced new round at a pre-money $17 billion valuation, where do the early investors stand?

That $1.5 million 2010 angel round led by FRC valued Uber at $4 million, according to Fortune Magazine. "Investors in that round," Fortune adds, "assuming reasonable dilution, saw their investments grow to between 400x and 600x in the round that valued Uber at $3.5 billion. At $17 billion, they’re worth around 2,000x, according to people familiar with the deal." FRC is listed among participants in the $11 million Series A in 2011, according to CrunchBase, but not in the megarounds that followed.

So First Round Capital's stake in Uber could easily be valued in the $1 billion range, according to this logic. Which seems a bit on the high side to me; if FRC contributed
$500,000 to the angel round with the $4 million valuation, that would theoretically have given it an eighth of its total value at the time. Its hard to believe that it still holds more than 5% of the company if it did not participate in the larger of the later rounds.

Update 3/1/17: Uber's valuation is now said to be $67 billion.

Links 6/13/2014: FCC looking at Comcast's treatment of Netflix

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Flatiron Health's bold proposition to fight cancer with big data

AT&T accuses Netflix of ‘double-talk’ when it comes to Comcast and Verizon deals (Washington Post)

The FCC is investigating Comcast's treatment of Netflix (Vox)

Univision Owners Said to Weigh a Sale (New York Times: DealBook)

SAP’s Sikka is the New CEO of Infosys, but It’s Not the Job He Wanted (Re/code)

Netsuite CEO Zach Nelson on why his cloud company is eating SAP's lunch (Silicon Valley Business Journal)

​Lock­heed Martin selling Newtown, Pa., facility for $30 million
(Philadelphia Business Journal)

AT&T accuses Netflix of ‘double-talk’ when it comes to Comcast and Verizon deals (Washington Post)

Links 6/12/2014: Ex-SAP exec Sikka to become Infosys CEO; Comcast readying test of YouTube-like entry

Infosys names former SAP executive Sikka as chief executive
Although the Indian press has been full of reports this would happen, most analysts here
tended to dismiss those reports.

Infosys Hires Ex-SAP Executive as CEO to Revive Margins
Provides more details.

Large SAP customers are eager to enter the cloud, survey finds (PC World)

Dell executive says HP's new Machine architecture is 'laughable' (PC World)

Why is Netflix Strong Arming the Net Neutrality Debate? (Michael Powell/NCTA/The Platform)

Comcast CEO: TWC's Glenn Britt Was a "Real Legend" (NY1)
Roberts credits Britt with originally bringing up idea of Comcast/TWC merger.

Comcast to test its YouTube competitor by the end of the year (Gigaom)

Comcast Whips Up More WiFi (Multichannel News)

Feedly suffers second round of DDoS attacks after perpetrator tried to extort money (The Next Web)

Pa. pension probe: Nothing we had to tell U.S. about; report due Sept. 17 ( Philly Deals)

DrugDev’s Dr. Hugo Stephenson Establishes the DrugDev Innovation Lab with Partnerships with Two Cutting-Edge Technology Firms (Business Wire)

MeetMe Achieves New Mobile Traffic Record of 900,000 Daily Active Users (Business Wire)

Philly Tech People News 6/8/2014

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Trifecta Technologies’ Peter Knolle Earns MVP Recognition from (Trifecta Technologies) names new Editor in Chief to lead expansion (

Jim Brady plans news org in Philly called (Poynter)

RES Software Taps High-Tech Marketing Veteran Tracey Mustacchio as Chief Marketing Officer (Business Wire)

Newsbyte: SAP Appoints Michael Steinbrecher as Scientific Advisor to Explore the Integration of Big Data into Sports Journalism (PR Newswire)

SAP EVP Chris McClain Joins DocuSign as the Head of Global Enterprise Business (Business Wire)

Saturday Highlights 6/7/2014: Lockheed project to track space debris; Epam acquires healthcare/life sciences software services firm

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Lockheed project to track space debris (South Jersey Courier Post)

EPAM Acquires GGA Software Services, Expands Healthcare & Life Sciences Service Offering (Press Release)

SAP after Sapphire: A look ahead (PC World)

The Message from SapphireNow was Simple (Mint Jutras)

No more pagers, how one physician is building a smarter smartphone communication app (iMedicalA

Links 6/6/2014: Uber raises funding at $17 billion valuation; Philly startup Curalate raises another $8.6 million

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Uber Raises New Funds at $17 Billion Valuation (New York Times)
Josh Kopelman knew Uber cofounder Garrett Camp from having invested in his previous startup StumbleUpon, which was later sold to and bought back from EBay. In 2010, First Round Capital participated in a $1.3 million angel round for Uber.

Time Warner Cable shareholders' meeting: Lacking in Comcast drama (Philadelphia Inquirer)

Comcast Filings Show Merger Confidence
(Light Reading)

NY hearings set in Comcast, Time Warner merger (AP via

SAP Chairman Hasso Plattner: Exclusive Q&A (Information Week)

SAP remains tight-lipped on cloud extension policy adoption (Computerworld UK)

SAP Needs Culture Change To Battle Cloud Upstarts NetSuite, Workday (Cruxial CIO)

CSC Speeds Move to Cloud with SAP HANA (Enterprise Cloud Today)

As Pinterest and Instagram Soar, Curalate Gets $8.6 Million to Help Brands Capitalize (Re/code)

Safeguard Scientifics-backed MediaMath raises $73.5 million in equity
Increases debt facility to $105 million

Tom Paine

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New York-based MediaMath, in which Safeguard Scientifics of Wayne was an early investor, raised an additional $73.5 million in equity while increasing its debt facility to $105 million, it was announced on Tuesday. The equity funding for this round was led by Spring Lake Equity Partners, with participation from Akamai Technologies, Safeguard, Catalyst Investors, and Observatory Capital.

MediaMath operates a digital ad buying technology platform. The market for adtech companies has been somewhat shaky lately. so this round can either be viewed as its
investors seeing it as best of breed, or that the funds will provide a holding pattern
until the IPO market is friendlier (or both of the above).

Safeguard's first investment in MediaMath came in 2009, when it led a $10 million equity
round. Safeguard invested another $9 million in 2011 which at the time gave it an implied valuation of $180 million, according to adtech website Ad Exchanger's math at the time.

In late April of this year, Safeguard said it had invested $18.5 million to date in MediaMath and held a 23% primary ownership position. That was presumably before the latest transaction hit the books. I haven't seen a reliable estimate yet on the valuation for this round.

Links 6/5/2014: SAP strategy chief takes shot at Salesforce; T-Mobile and Sprint nearing deal

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SAPPHIRENow 2014 – the cloud analysis (Diginomica)

Salesforce strategy is 'easy and requires no real innovation', says SAP's head of corporate strategy (Computing News)

6 SAP Hana Customers Share Early Lessons
(Information Week)

T-Mobile and Sprint Zeroing In on a $32 Billion Merger (New York Times: DealBook)

Feds say Amazon’s cloud can now host key Obamacare data (Geekwire)

Comcast files spinoff application with FCC (Multichannel News)

NetForecast Revalidates Accuracy Of Comcast’s Meter
(Multichannel News)

Verizon sends cease and desist letter to Netflix over buffering message that blames ISP (The Next Web)

DirecTV has plenty of reasons to be patient in Dodgers showdown (LA Times)

Links 6/4/2014: Comcast to start encrypting email; Samsung in big licensing deal with InterDigital

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NBCUniversal unveils N.J. version of 'Silicon Valley tech firm' in Englewood Cliffs (

Comcast to start encrypting email traffic with Gmail in the coming weeks (PC World)

Just Like Comcast Did, Verizon Says Netflix Is Slowing Its Own Streams (Re/code)

Samsung Inks $500M Wireless Patent Deal With InterDigital (TechCrunch)

SAPPHIRE NOW 2014 Day 1 Wrap-Up: SAP Wants to be Simple
ASUG News)

SAP's McDermott: Say Goodbye To 'Too Complex'
(Information Week)

SAP going full steam ahead on Hana, the cloud and 'simple' software (PC World)

Aasonn Secures $20M Investment from LLR Partners (Business Wire)
Aasonn is a SAP SuccessFactors services partner.

Center City automated marketing firm raises $3M ( Philly Deals)

Edison Ventures Announces Investment in TrialScope
Funding Fuels Clinical Trial Solutions Leader
(Globe Newswire)
Edison leads $10 million plus round with $5.5 million investment.

$15 million, 45,000-sq.-foot structure to house new headquarters for tech company (Philadelphia Business Journal)

Links 6/3/2014: SAP opens Sapphire user conference; Safeguard-backed MediaMath raises $73.5 million

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SAP relents, will provide new UI technology at no extra charge (PC World)

SAP Speeds Finance Tools to Bolster Hana’s Appeal Against Oracle (Bloomberg)

SAP: Put a little more HANA in your Red Hat (InfoWorld)

MediaMath Raises Huge $73.5 Million Series C Round (Ad Age)
New investors Spring Lake Equity Partners and Akamai Technologies, Inc. join existing investors Safeguard Scientifics, Catalyst Investors, and Observatory Capital. The company debt facility was led and syndicated through Silicon Valley Bank.

In April, Safeguard reported having invested $18.5 million to date in MediaMath for a
23% interest.

Labeled the “fastest growing SaaS company ever,” Zenifits raises a $66M Series B just five months post-Series A (PandoDaily)

Offerpop turns your tweets & Facebook posts into ads — & it just got $15M (VentureBeat)
Edison Ventures leads round in New York firm.

AT&T U-verse Strategy Eyed Amid DirecTV Deal
(Investor's Business Daily)

Comcast serves up public-private SMB wireless service (ZDNet)

DuckDuckGo to be included as built-in option in Safari on iOS & OS X (Business Wire)

Apple Partners With Epic, Mayo Clinic For HealthKit (Information Week)

Allentown's Trifecta Technologies sells IBM ecommerce practice to focus on fast-growing business

Tom Paine

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Allentown-based ecommerce software development firm Trifecta Technologies sold its IBM Smarter Commerce practice (built around WebSphere) in early May to focus on its rapidly growing Salesforce practice. St Louis-based IT solutions provider Perficient Inc. (NASDAQ: PRFT) acquired the IBM business line, which had annual revenue of about $8 million, for $12.7 million in cash and $1 million in stock. More than 40 Trifecta employees, split between Toronto and Allentown, have joined Perficient.

Doug Pelletier / Trifecta Technologies

What remains for Trifecta and its founder and CEO, Doug Pelletier, is what he described to Philly Tech News as a booming ecommerce software development business with 72 employees in Allentown and India. (There is one employee left in Toronto who is in the process of building staff there.) Trifecta's Salesforce business is focused on the same niche as the IBM business was: building transactional-oriented ecommerce applications, in this case interweaving Salesforce's platform with off-the-shelf web and mobile tools Trifecta has built inhouse, and its custom software development. Current clients include Carlo's Bakery, Varsity Spirit, Starwood Hotels & Resorts, and Brandywine Global Investments.

Trifecta has been doing interesting things around Salesforce's Cloud PaaS (platform as a service) Heroku, I've been told by others, and Pelletier tells me his firm's work is recieving attention at high levels within the cloud software giant. Salesforce often spreads small VC investments around within its ecosystem, and Pelletier says Salesforce has discussed that possibility with him and he is open to it, although he intends to maintain majority ownership of the company. Pelletier says in addition to staff growth in Allentown, Toronto and Visakhapatnam, India, he may also consider making small specialty acquisitions.

Just this week Trifecta solutions architect Peter Knolle earned MVP Recognition from, one of only 27 individuals so recognized to date.

Pelletier's own background is interesting. A native of Canada, he attended the University of Waterloo in Ontario, and received an MBA from Lehigh before going to work as a rep for IBM in the eastern PA/ western NJ area. The primary reason he ended up in the Lehigh Valley was because his father, Alfred, was CEO of Mack Trucks for 10 years. (Mack had long had its global headquarters in Allentown but it was moved to North Carolina a few years back, though most manufacturing remains in the area.) After a few years with IBM, he decided he didn't have enough control over his future career direction, so he left and put up his own shingle. Trifecta was founded in 1991, and success took a while to achieve.

As his father was, Doug is active in civic affairs in the Lehigh Valley, and has also
helped the tech community grow. In some cases, he has assisted startups in getting off the ground with the help of Trifecta's technology, sometimes taking a small equity stake in lieu of payment. Two startups he mentions working with are Sarbari, which recently relocated from Boston and builds software that help restaurants buy food efficiently, and MyNetwork, which helps young people just entering the professional world build career-related social networks.

Trifecta is serving as the first corporate partner and mentor for a new downtown incubator, Velocity AI . Tifecta is also relocating its own headquarters from Lower Macungle Township to the rennovated 103-year-old Schoen's furniture building (to be renamed The Trifecta Building), further committing itself to helping to revitalize downtown Allentown. They are on target for a July move-in date.

The Trifecta Building / Rendering

Although his name may connote images of someone who might have played for the Montreal Canadians (he is of French Canadian ancestry), Pelletier is an avid hockey fan who's favorite team is the Maple Leafs of his native province Ontario. Trifecta has also purchased 19 season tickets for Allentown's new hockey team, the Phantoms, who begin play this Fall at the new PPL Center, and hopes to share them with Trifecta associates and their families and other partners and friends.