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Broadbus
Broadbus Technologies Inc. was a Boxborough, Massachusetts-based, video-on-demand technology company. It was co-founded in 1999 by entrepreneurs Jeffrey Binder and Robert Scheffler. The company was acquired by Motorola in 2006. As a start-up, Broadbus raised $13 million in 18 months from Battery Ventures and Charles River Ventures of Waltham, Massachusetts. Also backed by Comcast Interactive Capital, Broadbus raised another $25 million in late 2003, and ultimately raised approximately $57 million in venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ... before the acquisition. Broadbus was an early developer of memory-based systems for delivering both movies and television on demand. The company's flagship B-1 system was reportedly capable of supporting more than 15,000 ...
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Jeff Binder
Jeff Binder is an American entrepreneur and the builder of several startups in the technology, media, and telecommunications sectors. He is the former executive vice president of home and entertainment at T-Mobile after the company bought Layer3 TV, the company Binder co-founded and served as the CEO of until the purchase for $325 million. Layer3's service and platform eventually became T-Mobile's "T-Vision" once its version was launched by the company. Jeff Binder was also the founding CEO of Broadbus Technologies and an early investor and chairman of This Technology, which were sold respectively to Motorola and Comcast. He is brothers with renowned television producer, Steven D. Binder. Early life Binder began playing table tennis at 10, and was ranked in the national Top 5 during his teen years. Career In the 1990s, Binder's father created a company, Magic Music, which used digital storage in the mass-production of cassette tapes. Jeff credits his father and grandfather ...
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Entrepreneurs
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur () is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per ''Business Dictionary'') as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". The people who create these businesses are often referred to as "entrepreneurs". In the field of ...
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Motorola
Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois. It was founded by brothers Paul and Joseph Galvin in 1928 and had been named Motorola since 1947. Many of Motorola's products had been radio-related communication equipment such as two-way radios, consumer walkie-talkies, cellular infrastructure, mobile phones, satellite communicators, pagers, as well as cable modems and semiconductors. After having lost $4.3 billion from 2007 to 2009, Motorola was split into two independent public companies: Motorola Solutions (its legal successor) and Motorola Mobility (spun off), on January 4, 2011. Motorola designed and sold wireless network equipment such as cellular transmission base stations and signal amplifiers. Its business and government customers consisted mainly of wireless voice and broadband systems (used to build private networks), and public safety communications systems like Astro and Dimetra. Motorola's h ...
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Battery Ventures
Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments in markets across the globe from offices in Boston, Silicon Valley, San Francisco, Israel and London. Since inception, the firm has raised over $13 billion and is now investing its fourteenth funds, Battery Venture XIV and Battery Ventures Select Fund II, with a combined capitalization of $3.8 billion. History Battery Ventures was founded in 1983 in Boston, Massachusetts by Rick Frisbie, Howard Anderson and Bob Barrett. Since its inception, Battery has raised more than $13 billion in capital through the following fourteen funds and corresponding side funds. The firm has offices in Boston, San Francisco, Menlo Park, Tel Aviv, London, and New York City. Investments As of 2021, Battery has invested in more than 450 companies, 69 of which have gone public and another 185 have merged or been acquired. The firm's current investment fo ...
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Charles River Ventures
CRV is a venture capital firm focused on early-stage investments in technology. The firm was founded in 1970 to commercialize research that came out of MIT. Its name comes from the Boston area Charles River. History The firm has raised over $4.3 billion since inception across 18 funds. Upon closing of the 16th fund, the firm rebranded to CRV. Prior to that, CRV's 15th fund closed in February 2012 with $375 million of investor commitments. CRV's 14th fund raised $320 million of commitments. In 2013, it purchased a large portion of Pebble Technology for $15 million and is credited as the primary reason why Pebble was sold to Fitbit in December 2016. This netted CRV nearly $40 million. In 2024, CRV returned 275 million dollars from the 500 million it had raised in its current fund back to investors, stating that their focus would shift away from late-stage investments and toward the early stage. Among CRV's portfolio companies are Aveksa, mabl, OneLogin, Stella, Sybase, Yammer ...
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Waltham, Massachusetts
Waltham ( ) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the Technological and industrial history of the United States, American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning, spawning what became known as the Waltham-Lowell system of labor and production. The city is now a center for research and higher education as home to Brandeis University and Bentley University. The population was 65,218 at the 2020 United States census. Waltham is part of the Greater Boston area and lies west of Downtown Boston. Waltham has been called "watch city" because of its association with the watch industry. Waltham Watch Company opened its factory in Waltham in 1854 and was the first company to make watches on an assembly line. It won the gold medal in 1876 at the Philadelphia Centennial Exposition. The ...
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Comcast
Comcast Corporation, formerly known as Comcast Holdings,Before the AT&T Broadband, AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not the parent company (seeBloomberg profile on Comcast Holdings Corporation. Technically, the current parent company was founded December 7, 2001 as CAB Holdings Corporation, which changed its name to AT&T Comcast Corporation before finally taking on the Comcast Corporation name (seeNov 2002 8K/A Form anNov 2002 S-4). is an American Multinational corporation, multinational mass media, telecommunications, and entertainment conglomerate. Headquartered at the Comcast Center in Philadelphia, the company was ranked 51st in the Forbes Global 2000, ''Forbes'' Global 2000 in 2023. It is the List of telephone operating companies, fourth-largest telecommunications company by worldwide revenue, after Deutsche Telekom, China Mobile, and Verizon. Comcast i ...
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Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovation, innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology. Pre-seed and seed money, seed rounds are the initial stages of funding for a startup company, typically occurring earl ...
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Companies Based In Massachusetts
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation ...
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