When you start working for a startup, you’re accepting that the company is likely headed for one of a few potential business outcomes – such as success, failure or mediocre status that eventually fades into obscurity. It’s almost nearly impossible to predict if a given early-stage organization will be the next $1 billion company, so how do you decide if you should accept the risks of startup life and take the job? For Boston executive John Valentine, the pang of guilt for not joining Uber in its early formation is real. However, he told BostInno he wants to share his story of missing a big opportunity because it shows that in the world of startups, employees can face much higher stakes, at least on a personal level, than investors. Billion-dollar mistakes happen to the best of us.
Below are additional top stories from the Boston startup ecosystem:
Sara Choi and Victor Santos, founders of AirFox, chose to move to Boston because of Massachusetts’ strong presence of telecommunications companies, their acceptance into Techstars and the Boston tech scene’s network of mentors and advisors. AirFox is an adtech venture with a goal to make the mobile internet more affordable by offering users the chance to use a sponsored data platform or completing certain actions to earn rewards. The idea for AirFox came from Choi, whose parents came to the U.S. from South Korea before she was born, and Santos, who came to the U.S. from Brazil when he was young, and the struggles their immigrant families faced paying exorbitant fees to communicate with people abroad.
The hiring demand is back in Boston, specifically for software and mechanical engineers, as well as sales and marketing experts. Companies including Wayfair, Raytheon, Amazon and others need to fill more than 1,700 jobs collectively as soon as possible.
The Burlington-based emergency communications platform filed for its initial public offering this week. The company will list on the Nasdaq under the symbol EVBG and aims to raise $90 million. In 2015, the company brought in $58.7 million in revenue, a 38 percent increase over the previous year. But while the company's revenue is growing, it has posted a net loss every year since it was founded in 2002. The company's net loss in 2015 was $10.8 million, far more than the $623,000 net loss it had in 2014.
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