The TBJ did a nice story this past Friday on local blogs in RTP. Good mention of this one.
According to a report that originally came out on Friday, it looks like we may have a new bank headquartered here in Research Triangle Park modeled after SVB.
In fact, the organizers that are trying to launch 'Square One' are for the most part all former senior level execs from Imperial Bank and SVB.
After some recent meetings with entrepreneurs looking for capital, a few common things surfaced from those conversations and I thought it would make sense to share it here.
Ask Jeeves may announce today that it is buying Bloglines according to a CNet article yesterday. This follows Google's acquisition of Pyra Labs and Microsoft's launch of MSN Spaces.
With the number of blogs 8 times bigger than what is was only in June 2003 and a new blog being created in something like every 7 seconds, I expect more consolidation to follow.
Led by JP Morgan and UBS Warburg, Icagen went public yesterday at $8. It was the first IPO in RTP since the fall of 2002 - so this is pretty symbolic for the area.
Even though the market is down right now, the IPO window seems pretty open. According to Thomson Financial, 8 companies went public in January raising about $1.9 million. That is pretty close to the levels in 2000.
So, is this the beginning of a series of IPOs in RTP? Larry Robbins thinks so. He was quoted in the paper this morning saying another 5 local companies could go public this year. That number seems a little high, but looking around, I think he is close.
About 80% of Microsoft's employees have a music player and 80% of the employees that have one, use an iPod. According to the story at Wired today that means they have 16,000 iPod users!
It has gotten to the point where some Microsoft executives are now sending out memos to employees frowning its use.
Reminds me of my days at a company I used to work for. That was when everyone thought it was ridiculous to use Microsoft Office - even though it was clearly superior and easier to use.