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…)
Children’s Hospital helps out some mice who have had heart attacks, the former Diaphorm develops a new helmet for marines and Vistaprint gets bad news two times in today’s NewsFlash Roundup.
The treatment could help heart attack victims or children with congenital heart defects, according to the hospital. In the July 24 issue of the journal Cell, the researchers show an injection of the growth factor neuregulin1 (NRG1) into an animal who has had a heart attack can stimulate heart muscle growth.
Defense contractor Ceradyne Inc. reports its Salem, N.H.-based unit has been awarded Marine Corps contracts worth approximately $1.2 million for new test helmets using advanced materials.
New Jersey-based ColorQuick LLC has filed a lawsuit alleging Vistaprint and OfficeMax Inc. (NYSE: OMX) have been illegally using a patented process for fast printing. Meanwhile, Citron Research issued a negative report on the company Tuesday, suggesting VistaPrint could lose 44 percent of its net income – the portion it derives from referral partnerships with third-party websites — as the U.S. Senate begins an inquiry into such online referral programs. (more…)
The web video company, which produces comedy, fashion, celebrity gossip and other kinds of web-based TV shows, lost the political blog Talking Points Memo as a client last year.
At the beginning of the year, MHT wrote about the NYC-based media startups pulling VC dollars from New England firms like Flybridge and Spark.
Bostonist shot video of last week’s What’s Next in Tech event at Boston University, hosted by Scott Kirsner. Above, Flybridge’s Michael Greeley, Spark’s Bijan Sabet, and General Catalyst’s Neil Sequiera speak on a venture capital panel.
After the jump, watch Harmonix’ Mike Dornbrook, the Droid Works’ Helen Greiner, HubSpot’s Brian Halligan, EnerNOC’s Tim Healy and Ellen Rubin of CloudSwitch on an entrepreneurship panel. (more…)
The funding from the U.S. Department of Energy is about half of the state’s $38 million in stimulus funds for its State Energy Plan submitted to the federal government last month.
About $8 million will go to expanding fuel cell initiatives through the state Clean Energy fund, with the goal of completing 14 more projects. A rebate program for residential and commercial geothermal systems will receive $5 million. Two plans to support solar thermal and photovoltaic installations will receive $7 million.
Biotherapeutics company Dyax Corp. says it is raising $15 million through a follow-on offering of 7.4 million shares of its common stock at a price of $2.02 per share.
Dyax reports it intends to use the money raised in the offering to fund the development and commercialization of DX-88, the company’s treatment for the rare and often fatal condition hereditary angioedema. In addition, Dyax will use the cash to fund ongoing research and preclinical activities, as well as for general corporate purposes.
Children’s Hospital helps out some mice who have had heart attacks, the former Diaphorm develops a new helmet for marines and Vistaprint gets bad news two times in today’s NewsFlash Roundup. 
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