Report shows Silicon Valley beating Boston in on-demand startup economy

May 23, 2015
 

Boston is losing to Silicon Valley – again. A new report from CB Insights released this week shows that Boston-area companies have had a minor role in the on-demand services industry. The report states that 65 percent of on-demand mobile deals have gone to California startups since 2010. Eighteen percent of the deals have gone to New York during that period, and just 5 percent (13 deals) have gone to Massachusetts. Three new notable on-demand startups founded by Harvard Business School alums have already moved their businesses elsewhere after gaining early traction, including Handy (New York), RelayRides (San Francisco) and Hello Alfred (New York). Below is a recap of more of this week’s trending conversations and news from Boston’s startup ecosystem.
Boston Business Journal: This week MassChallenge announced the 128 startups that made the cut to participate in its 2015 program. Throughout the next four months, the startup teams will have access to free office space at MassChallenge’s headquarters in the Seaport and work with expert mentors in the Boston area.
Boston Business Journal: Here's why this VC firm is flying Boston-area startups to China
China-based Haiyin Capital flew 10 of its American portfolio companies to China this week, including Boston-based companies Terrafugia, 1366 Technologies and WiTricity. The companies visited three of China’s largest economic development centers in Beijing, Hangzhou and Guangzhou to encourage the companies to open manufacturing plants in China.
BostInno: Harvard Grads' App Gets Your Money Back When Something You Bought Goes on Sale
Harvard grads Karim Atiyeh and Eric Glyman launched Paribus, an app that automatically makes sure you’re refunded the difference when the price drops on something you recently purchased. To get started, all you need to do is sign up for the app and link it to your email. Paribus will continually scan your inbox for receipts while simultaneously monitoring for opportunities to get you cash back. When you are eligible, the app will refund you the money. (We need to see it to believe it.)
BetaBoston: Water technology growing swiftly in Massachusetts
State officials are eyeing a new promising sector in Massachusetts: water technology. The new technology will aim to stretch, reclaim and create water supplies for growing populations in an increasingly warmer world. The state is already home to more than 90 water tech companies, and the Clean Energy Center continues to plan smart investments in the sector in years to come.
What are your favorite Boston-based stories from week? Tell us what we missed.
 
 

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