Daily Links 8/25/2011: Comcast employees top donors to Obama campaign funds

Another Comcast tower in Center City? (Philly.com: Philly Deals)

Hulu seen drawing bids from Yahoo, others: sources (Reuters)

Comcast Employees Top Donors to Obama Campaign Accounts (ABC News
Blogs: Political Punch)

Time Warner Cable’s Sling rebate: Broadband push or broadcast dig? (Gigaom)

The dumbest attack on the Netflix "free ride" you have ever read (Ars Technica)

Brightcove files for IPO, though chips are down (Boston Globe)
Brightcove competes against Comcast-owned thePlatform.

Verizon buys CloudSwitch to give itself a software play (Gigaom)

Salesforce Boosts Profits With Aggressive Accounting, Bernstein Says
(Forbes)

Despite Boom, Data Center Landlords See Lease-Up Challenges
Internet Giants Building Their Own Enterprise Facilities As Supply Swing Brings Better Balance with Demand
(CoStar Group)

How We Got to Monetate 11: Incremental improvements really do add up (Monetate Blog)

Forrester Predicts Daily Deals Will Die (ClickZ)



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A look at Philly-area companies on the Inc. 5000

The 2011 Inc. 5000 is out, and here is a list of the top Philly area companies on it.

I always look at this with a grain of salt, because there are a number of ways in which a young company can generate a great deal of revenue quickly without necessarily building a sustainable business. Revenue does not always correlate with profit. But it does provide a good benchmark for measuring the progress of some of the most promising tech startups in the area.

re2g of Doylestown (formerly Solardelphia), which installs residential solar systems, was the top Philly area company - and 24th nationally. It was followed by a Philly-based company named Leadnomics, which as its name implies is in the online lead generation business for financial institutions, online schools, and insurance companies.

NextDocs of King of Prussia, which just received a large round of funding that I wrote about earlier this week, was third (it was first last year). NextDocs' revenue grew over 3,000% during the past three years to $9.8 million in 2010. It ranked ninth among all software companies.



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Daily Links 8/24/2011: Time Warner Cable to subsidize Slingboxes for subscribers

Aging East Coast infrastructure a concern after quake (Computerworld)

Comcast's Roberts hosts President Obama on Martha's Vineyard (Philadelphia Inquirer)

Moffett Rethinks TV Sector
Top Analyst Modifies Cable, Satellite Targets
(Multichannel News)

Time Warner to Subsidize Subscribers’ TV Device (New York Times)

PowerBoost: A Comcast Innovation for High-Speed Internet Users (Comcast Voices /Official Comcast Blog)

COMCAST ROLLS OUT METRO E, ADDS REGIONAL PARTNERS (Channel Partners)

Drexel U scrapping plans for 2nd campus in Calif. (AP via San Jose Mercury News)

HP: Where is it going? (Dennis Howlett/Irregular Enterprise)


AT&T’s Hyperlocal Sites Show Off Network Upgrades (TechCrunch)
One of the sites is for Philadelphia.

Fallout? Pharma & The Facebook Wall (Pixels & Pills)

The Next Tech Patent Powerhouses (Forbes)
Could Ewing, NJ-based Universal Display be the next InterDigital (or more?)

Google’s acquisition of Motorola’s TV-box business worries WPP’s Sorrell
(FT Tech Hub)

Epicor Announces Cloud Computing Solution for Distributors (Marketwire)
Complementary to Epicor's Prophet 21 product line, which is based out of Yardley, PA.



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Boston-based OpenView Venture Partners invades Philly; Backs Monetate, and now NextDocs

Upon reading this morning that the $10.3 million investement in King of Prussia-based life sciences compliance software vendor NextDocs was funded by Boston-based OpenView Venture Partners, I realized that I had heard that name before recently - in connection with another Philly area deal.

It was Monetate, in which OpenView led a $15 million round, which was announced on August 4.

I asked OpenView partner Firas Raouf in a phone conversation whether there was any connection to this geographical proximity, given that OpenView has no other Philadelphia presence in its portfolio that I can see, or whether it was mere coincidence. He said it was just a coincidence. OpenView, he says, focuses on providing expansion funding to emerging best of breed software companies worldwide (as long as they have some US operations), and doesn't have an East Coast orientation or mid-Atlantic strategy. While he managed the NextDocs deal, OpenView managing director Adam Marcus oversaw the Monetate deal, just a few miles away.

He said he had been speaking with NextDocs co-founder and CEO Zikria Syed for a couple of years, though Syed did not want to get funding too soon (and Raouf did not think NextDocs needed it yet). Syed got the business off the ground to where it is today almost entirely through bootstrapping, with no outside institutional investment.

Raouf says NextDocs can expand in several ways; by growing its customer base in the US ( NextDocs often replaces outdated legacy systems used for regulatory compliance), internationally, and also by moving into clinical trial management systems.

Raouf will join NextDocs' board. OpenView, which has $240 million under management, was the sole participant in this round, he says.



Daily Links 8/22/2011: Initial Hulu bids due Wednesday

King of Prussia-based NextDocs Raises $10.3M To Provide Microsoft SharePoint Software To Life Sciences Industry (TechCrunch)
NextDocs Press Release.

Veeva to hire 50 as drug, device companies head to the cloud (San Francisco Business Times)
Based in Pleasanton, CA, Veeva has its sales & marketing headquarters in Malvern.

Hulu Bids Expected to Range Between $500 Million and $2 Billion (Hollywood Reporter)

IDCC Rising On Rumor Of Qualcomm Interest (Barron's: Tech Trader Daily)

Motorola’s Identity Crisis (New York Times)

Pres. Obama Drops By Martha’s Vineyard Home of Comcast CEO
(MediaBistro)

Thinking The Unthinkable: Is Oracle Considering Buying HP? (Forbes)

Cloud not yet critical for BI: QlikTech (Computer Business Review)


Federal Push for ‘Cloud’ Technology Faces Skepticism (New York Times)

How secure is data in the cloud? (SAP Watch)

How I Knew To Invest In GroupMe (Silicon Alley Insider)



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Skype to acquire First Round Capital-backed GroupMe

Skype buys GroupMe & adds group messaging (Gigaom)
First Round Capital was an early backer.

Why HP needs to merge with SAP/a> (VentureBeat)
Not sure if I agree with this perspective, particularly from SAP's point of view, and they would probably have the upper hand in any talks right now.


Thinking big with a modest $7.5 million (Philadelphia Inquirer)
Opinion by Philadelphia councilman Bill Green.


Verizon Workers End Strike, Though Without New Contract (New York Times)

SAP says strong demand defies talks of crisis-paper (Reuters)


Philly Tech News VentureWatch: 8/19/2011

Tom Paine


With companies such as QVC, GSI Commerce, Urban Outfitters and Monetate, the Philly area has a strong E-commerce ecosystem. And it is a sector that seems to be generating a good deal of startup activity, with a particular recent emphasis on "social shopping".


ChoozOn, a startup with offices in King of Prussia and Bellevue, Washington, recently reported raising $3.2 million. ChoozOn provides its members with a single platform where they can track deal and coupon offers available to them, and also offers social tools for members to communicate with each other about deals.

ChoozOn was founded by ex-Yahoo execs; one of them, Nick Weir, formerly Yahoo’s VP of Data Strategy, is a ChoozOn co-founder and its CEO, based in King of Prussia. Although ChoozOn is still in Alpha, it currently has 40 employees and expects to have about 50 by year end. King of Prussia houses what a company spokesperson told Philly Tech News by email is "a significant part of our business and product development team", which also includes June Oakes, Director of Product Management. The spokesperson also said that ChoozOn opened a King of Prussia office in part because Nick was already located in the area and also because it provides excellent access to key East Coast markets.


                                                ChoozOn CEO Nick Weir



Snipi, the Philadelphia-based social shopping app which helps users track down and compare price infomation, recently reported raising $530,00 out of a total offering of $1.5 million, according to an SEC filing. I hadn't really heard that much about Snipi in a while.

Keystone Edge's Joe Petrucci has a piece on co-founder Brandon Yoshimura and his Philly/Wilmington-based startup Loffles, which provides awards to consumers for watching promotional videos. The Loffles team has been coached by Morgan Lewis' Stephen Goodman and has raised $500,000 in seed funding.

Villanova grad and ex-IBM E-commerce developer Todd McNeal has a new startup, Snapline. It helps retailers reach and taget customers using Facebook data and other demographic sources. Consumers can opt in through Facebook Connect. Snapline features a SaaS platform built using Python and other open stack tools. McNeal, who does some of his work out of Indy Hall, said in a conversation with Philly Tech News that he hopes to get some testing done with major e-retailers during the Holiday season and then use those results as a basis for ramping up.

Two area startups seek to make it easier to manage clinical trials. Philadelphia-based myClin, founded in 2008 by James Denmark, helps physicians and their staffs to facilitate patient particiapation in clinical research. MyClin uses Amazon Web Services, among other tools, in its cloud stack. GreenPhire, of King of Prussia, just announced in an SEC filing that it had raised $1.5 million. GreenPhire, founded in 2007, has a system for managing electronic payments to clinical trial participants.

GreenLight Technologies of Flemington, NJ (not too far down the road from Washington Crossing), announced it had closed Series A expansion funding led by Storm Ventures; the amount was not disclosed. GreenLight makes GRC (Governance, risk management, and compliance) solutions that run in environments like SAP and Oracle.



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