Great oldie but goodie in The Blurb today by Jason Hirschorn on what he bought first when he sold his company. The 2nd thing he bought was this:
Corporates focus on cancer
On Monday, American biotech and pharmaceutical company Celgene acquired San Diego-based complex cancer therapeutics startup Impact Biomedicines, to the tune of $7B.
Prior to the deal, Impact Biomedicines had raised only $22.5M in total disclosed funding, from Oberland Capital, Medicixi Ventures, and Sanofi.
And Celgene isn’t the only corporate investor paying attention to the cancer drug space. We visualized where big pharma giants and their venture arms are making bets in cancer therapeutics.
As the recent power outage at CES goes to show — hardware is hard. But why exactly do so many hardware startups fail? We dug into the data behind some major hardware failures, including Jawbone, Juicero, and more. Check out the full report here.
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A bunch of you asked about the A-ha! Demo Day winners.
In the AI category, Phrasee vanquished the competition.
Phrasee applies AI to create email subject lines. For marketers, it’s a brilliant idea: an algorithm that studies response rates, analyzes sentiment, and learns what words work to spit out. And Phrasee claims it gets better results than a human. (Check out the slide founder Perry Malm shows during his pitch, challenging you to identify the human-created line in a list).
See Phrasee’s winning pitch here, as well as a playlist of our other AI presenters at Demo Day.
Apples to apples
A new Walmart patent highlights a system that would leverage 3D scanning to allow online shoppers to see the exact piece of produce they ordered before hitting “buy.”
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
San Antonio Business Journal. Kristen Mosbrucker (@sabjtech) writes about the three startup fundraising rounds that closed during Q4’17 in San Antonio using information from PwC and CB Insights’ MoneyTree Report.