If you haven’t already seen (and/or listened to) the return of the Friday Nooner with guest Ryan Bethencourt, there’s no time like the present. Or tomorrow. Or whenever, really—there literally is no bad time.
If you’re a fan of Kevin Mosley, then today’s GrepBeat newsletter is for you. First up: the Jurassic Capital co-founder (alongside GrepBeat Godfather Joe Colopy) is the subject of the latest edition of The Download by our own Brooks Malone. You shouldread the Q&A to learn as much as you can about Kevin, then write him with a personal plea to be placed on the distribution list for the awesome annual newsletter that he and his wife Virginia send with their holiday card. It’s worth a try, anyway. You can find it here.
Kevin goes from interviewee back to interviewer in Season 3, Episode 2 of our Exit Stories podcast. This week’s guest is Neal Goffman, who helped grow Vanguard Software as its COO from 2016 until its 2020 acquisition by Dutch company Wolters Kluwer. One nugget that one might not think about when it comes to an exit: the need for secrecy before the deal is finalized and made public can be very challenging internally, especially if you’ve built a positive company culture that’s big on transparency. Neal is now the CEO of Durham-based GrowPath, a startup that makes case management software for law firms that originated within the Law Offices of James Scott Farrin (and which we first profiled in 2018).
Read highlights of this episode here, then listen (and subscribe!) to the podcast here.
New CED Chair
CED has announced its 2022-2023 Board of Directors led by a new Chair who is a familiar name to GrepBeat readers: Bill Spruill, the CEO of Raleigh-based Global Data Consortium. Fun fact: Bill was actually Employee No. 5 at CED. Back then, young Bill surely couldn’t have imagined that one day he would be a Friday Nooner guest, a Download Q&A subject and an upcoming Exit Stories guest, and not (just) because GrepBeat didn’t exist yet. He may well have already hoped to co-found and then lead a software company to a great exit, as he did this year when GDC was acquired by the London Stock Exchange Group. While Bill is still running GDC, the exit gives him more time to devote to his goal of making CED more founder-friendly, as he explains here to Triangle Inno.
If you saw Bandwidth CEO David Morken give the closing keynote at Grep-a-palooza or listened to Bandwidth’s Chief People Officer Rebecca Bottorff on our Tech Culture Club podcast, you know that the company strongly prefers that its employees work in the office as opposed to remotely—and they make no bones about it. Now Bandwidth is making it official by requiring employees to come into the office five days a week starting Oct. 3. That makes the company an outlier among most big tech companies both locally and nationally, but Bandwidth has always been clear that in-person work is an important part of its culture. It’s also building a sprawling new campus in Raleigh that will include on-site childcare and even a Montessori school.
Raleigh-based Intelerad Medical Systems, a healthtech startup that received a $400M investment from Boston-based PE firm TA Associates in July, is following the classic PE playbook by making its second major acquisition since the cash infusion. This time, the target is Massachusetts-based Life Image, a medical evidence and image exchange network. That comes on the heels of August’s acquisition of Minnesota-based PenRad Technologies, a breast imaging and lung screening software provider. With the two deals in place, Intelerad says that it is the largest medical image exchange network in the world. TBJ has more info.
This morning, Venture Atlantaannounced the 85 startups that will participate in its conference on Oct. 19-20, which will draw companies from across the Southeast and investors from across the country. We counted four Triangle startups among the 85, all of which have been GrepBeat story subjects: Allergood (which also won the GrepTank event at Grep-a-palooza), Allobee (which was then called MOMentum Marketplace), Quinsite and Resultid.
Sept. 6's Downloadwith Jes Lipson broke the news that his startup Real Magic was releasing a new software product (Coffee) and had raised $6M in fresh funds. Though we feel compelled to share this follow-up TechWire Q&A with Jes in large part because it reveals that origin of the name Coffee—from the “coffee is for closers” scene in Glengarry Glen Ross, which is Alec Baldwin’s finest on-screen moment (and I’m a big 30 Rock fan).
Earlier this month we profiled Chapel Hill-based Ultisim and its Founder and CEO Richard Boyd, a former Download subject who is also the CEO of Carrboro-based Tanjo. (We don’t want to tell anybody how to run their business(es), but maybe it would be easier to move those two companies into the same building, or at least the same town?) Anyway, Ultisim is rolling out a new podcast called The Metaversial Minute in which Richard interviews other metaverse thought leaders. Ultisim focuses making digital twins of everything from hospitals to college campuses.
Build Great Software
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We at GrepBeat are looking to hire a fulltime Tech Reporter. This would be primarily an in-person position at our world HQ in downtown Durham, and would be ideal for a recent-ish grad with demonstrated writing chops in a journalism setting. Applicants can apply directly on LinkedIn. Please spread the word (and the link) to anyone you think might be a fit.
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