Polaris partner Terry McGuire testified yesterday before chairman Barney Frank and the U.S. House Financial Services Committee. As chairman of the National Venture Capital Association, McGuire (testimony above) tried to persuade lawmakers to keep the venture capital industry from having to register with the SEC.
Closer to home, Spark Capital’s Bijan Sabet is scheduled to testify at the State House today against the use of non-compete As of about 1 pm, he hadn’t testified yet, but wasn’t alone in his opinion. After the jump, read Sabet’s written testimony. (more…)
The Burlington-based maker of mobile field administration software for the architecture, engineering and construction agencies announced in 2007 that it had closed a $6 million Series A. The second close on that fund brings Vela Systems’ Series A to $10.5 million, and its total funding to at least $11.9 million – including a $1.4 million angel round closed in 2006.
The two-year old Chelmsford company is developing plastic polymers that are tough and have high melting points that can be used as flame retardant additives. FRX officials said these materials do not include halogens like traditional flame retardants, making them safer for the environment. The materials can also be used as stand-alone plastics.
Two new sites — Happn.in, and Venturefizz.com, — are offering themselves up as hubs of all things Boston. One is tracking Beantown’s Twitter memes; the other is mapping the Bay State’s high-tech economy by aggregating job postings, company profiles, news feeds and influential tech blogs in one place. (more…)
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