Friday, April 15, 2016

Bay Area Tech Wire -- April 15

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BAY AREA TECH WIRE -- April 15, 2016
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Mid-Atlantic Marketing Summit - April 22 - Washington,  D.C.
http://www.mamsummit.com

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Redwood City-Based Proteus Digital Health Raises $50 Million
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Palo Alto-Based Sharper Shape Raises $3.25 Million for Drone Inspections
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Burlingame's PeakSpan Capital Closes $150 Million Investment Fund
o Venture Capitalists Sinks $12.1 Billion into U.S. Startups During Q1
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Study: Investors Making Fewer but Bigger Bets on Start-ups
o Newspaper Reporter Ranks as Nation's Worst Job for Third Straight Year
> Mid-Atlantic Marketing Summit - April 22 - Washington,  D.C.
o Briefly Noted: Kindred Biosciences, Frankly
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--Senior Field Marketing Manager - Blackboard - DC
--Is Your Career Stuck in Gridlock? Change your GPS.
--Mid-Atlantic Marketing Summit - April 22

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

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o Redwood City-Based Proteus Digital Health Raises $50 Million

Redwood City, Calif. -- Proteus Digital Health, a Redwood City-based developer of digital medicine technology, said on Friday it has raised $50 million in its eighth round of funding, which will strengthen the company's balance sheet and help it expand its digital medicine platform. Identities of the investors were not disclosed. The company's Proteus Discover offering consists of a sensor-enabled pill, a small wearable patch and mobile apps that can be accessed by patients and doctors. The system directly measures medication-taking and physiologic metrics, helping healthcare providers optimize therapy. "This financing demonstrates confidence in our Digital Medicine platform and deliberate, staged approach to market building"" said Andrew Thompson, the company's president and CEO.
http://www.proteus.com 
http://www.proteus.com/press-releases/proteus-digital-health-raises-additional-50-million-in-equity-financing/ 
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o Palo Alto-Based Sharper Shape Raises $3.25 Million for Drone Inspections

Palo Alto, Calif. -- Sharper Shape, the Palo Alto-based provider of a service that uses unmanned drones to inspect infrastructure such as power lines, pipelines and railways, said on Friday it has raised $3.25 million in a new round of funding. European venture capital firm Straightforward Capital led the round, which he company will use to bolster its global delivery capacity and expand its research and development activities. Australia-based performance improvement consulting company Partners in Performance (PIP) also participated. "With these investments we can take the next steps in rolling out our service globally and continue to lead the development of automated drone-based asset management," said CEO Tero Heinonen.
http://sharpershape.com/ 
http://www.prnewswire.com/news-releases/drone-service-company-sharper-shape-closes-325-million-in-funding-from-australia-and-europe-300252186.html 
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o Burlingame's PeakSpan Capital Closes $150 Million Investment Fund

Burlingame, Calif. -- PeakSpan Capital, a Burlingame- and New York-based investment firm focused exclusively on business-to-business software companies, said on Friday it has raised $150 million for its inaugural investment fund. The newly launched firm was co-founded by Phil Dur and Brian Mulvey, who worked together at Investor Growth Capital for the better part of the past decade. Some of their previous investments included Constant Contact, ForeSee, mindjet, Plateau Systems, Talix and WhiterHat Security. "We launched PeakSpan with the ambition of building the partner of choice for growth-stage business software companies looking to secure capital and domain expertise," said Dur. The firm said it maintains a database of more than 80,000 private company profiles and related information on the business software arena.
http://www.peakspancapital.com/ 
http://finance.yahoo.com/news/peakspan-capital-raises-150-million-123100069.html
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o Venture Capitalists Sinks $12.1 Billion into U.S. Startups During Q1

Washington, DC -- Venture capitalists invested $12.1 billion in U.S. startups during the first quarter, about the same as the previous quarter, according to a new report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA). Both the amount of money and number of deals (969) during the period were down 11% from the same quarter in 2015, according to data provided by Thomson Reuters. Still, it marks the ninth straight quarter of more than $10 billion in venture capital invested. "While total venture investment activity didn't jump out of the gate as quickly as last year, it was still a strong first quarter for venture activity compared to recent years," said Bobby Franklin, president and CEO of the NVCA. "Of the decline that we did experience, most of that can be attributed to nontraditional investors scaling back their investment activity and refocusing on their core businesses." The software industry continued to receive the highest level of funding of all industries, landing $5.1 billion, up 12% from the fourth quarter of 2015.
http://nvca.org/pressreleases/12-1-billion-venture-capital-deployed-startup-ecosystem-first-quarter-according-moneytree-report-3/ 
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o Study: Investors Making Fewer but Bigger Bets on Start-ups

San Francisco -- The number of financing rounds for companies seeking to raise capital dropped in 2015, according to a new study by SRS Acquiom that looked at more than 700 transactions between 2012-2015. Companies, however, were still able to attract the same amount of investment as in past years -- a median of $24 million. "Because investors are managing record amounts of capital, they might be looking to place larger bets," said Paul Koenig, the CEO of SRS Acquiom. "Companies may also be seeking to raise rounds of financing large enough to outlast what continues to be a somewhat volatile capital market." Another key finding of the study showed that it's taking longer for new companies to get to an exit. Since 2012, the study found, the median time from when a company launches until it is acquired increased from seven to nine years. The complete study is available at the link below.
https://www.srsacquiom.com/resources/2016-srs-acquiom-ma-deal-terms-study/ 
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o Newspaper Reporter Ranks as Nation's Worst Job for Third Straight Year

Carlsbad, Calif. -- For the third straight year, "newspaper reporter" has been named the nation's worst job, according to CareerCast.com's 28th annual Jobs Rated report. Logger, broadcaster, disc jockey, enlisted military, retail sales, advertising sales, taxi driver and firefighter round out the 10 least desirable jobs for 2016. "Declining employment opportunities contributed to the inclusion of many of the 10 worst careers," said Kyle Kensing, CareerCast's online content editor. "Traditional news media is particularly hard hit due to newspapers folding or moving to digital-only, and waning advertising revenue." On the flip side, professions in mathematics top the list, with data scientist coming in at No. 1 and statistician No. 2. Mathematician (No. 6) and actuary (No. 10) also require serious math skills. To determine the 200 best and worst jobs, the report analyzed each job's environment (emotional, physical and hours worked), income (growth potential and salary) and outlook, along with 11 stress factors. The complete list is at the link below.
http://www.careercast.com/jobs-rated/jobs-rated-report-2016-ranking-200-jobs  
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> Mid-Atlantic Marketing Summit - April 22


Now in its fifth year, the annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area. The event features dozens of case studies, keynotes, presentations and networking breaks on the most important issues facing marketers in 2016-2017. For more information, go to: www.mamsummit.com

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Briefly Noted:

(San Francisco) San Francisco-based Kindred Biosciences, a biopharmaceutical firm focused on developing drugs for pets, on Friday named Herbert Montgomery to its board of directors. Montgomery, most recently the vice chairman of Lightpost Holdings and previously the CFO of Standard Media International, will serve as chairman of the company's audit committee.
http://kindredbio.com/frontpage/kindred-biosciences-elects-herbert-d-montgomery-to-join-its-board-of-directors/ 

(San Francisco) San Francisco-based Frankly, developer of a software platform that lets clients create, distribute, analyze and monetize their content across all of their digital properties, has named Choong Sik Hyun and Jung Woo Sung to its board of directors. They will replace outgoing directors Michael Lunsford and Jihnwoo Kim. Bios on each are available at the link below.
http://finance.yahoo.com/news/frankly-announces-changes-board-directors-210000720.html 

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Job/Event/Marketplace Listings:
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To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
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> Senior Field Marketing Manager - Blackboard - DC

The Senior Field Marketing Manager is a key role on Blackboard's North American Higher Education (NAHE) Field Marketing team. This role will develop marketing plans to increase pipeline and penetration within institutions of higher learning. This position will develop and drive high touch field marketing programs to generate quality pipeline and to move prospects through the sales cycle. SPECIFIC RESPONSIBILITIES INCLUDE: Planning integrated marketing programs to take customers through a sequential journey. Defining marketing plans to create/accelerate opportunities. Developing marketing segments that align with sales teams' goals to deliver relevant, focused messages and programs. REQUIRED QUALIFICATIONS: 5-7 years of B2B software marketing experience (or higher-ed software marketing). DESIRED QUALIFICATIONS: Bachelor's Degree in Marketing or Business strongly preferred. Industry or vertical marketing experience, education a plus. For full job description and to apply, go to: http://careers.blackboard.com/marketing/position/job_1f7061000000000138213

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> Is Your Career Stuck in Gridlock? Change your GPS.

Getting out of life and career gridlock takes commitment, motivation and self-discipline. With some focused attention and a shift in attitude you will open yourself up to opportunities. Here, we show you how finding your way out of gridlock requires you to reset your internal GPS to Good - Present - Space. http://fairfaxcountyeda.org/bay-area-tech-wire

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> Mid-Atlantic Marketing Summit - April 22

Now in its fifth year, the annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area. The event features dozens of case studies, keynotes, presentations and networking breaks on the most important issues facing marketers in 2016-2017. For more information, go to: www.mamsummit.com

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> Advertising on Bay Area Tech Wire

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/

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