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Happy Tuesday!

We’re just two days away from the next GrepBeat Happy Hour this Thursday from 5-7 p.m. at Bull McCabe’s in downtown Durham, sponsored by Jurassic Capital. Please register so we can get a handle on numbers.
ICYMI: The latest Friday Nooner featured guest Tom Snyder, RIoT’s Executive Director. We also learned that Joe really, really cares about which side of the screen his face is on.

Exit Stories

Longtime readers of this newsletter know that we always want to know the exact $ize of a given exit, but that such info is rarely made public—even when we’ve asked nicely. While we don’t typically expect to break news in our podcasts, this week’s Exit Stories with Global Data Consortium CEO Bill Spruill did just that (to the best of our knowledge). We already knew that GDC had been acquired by London Stock Exchange Group in April; we wrote about it and Bill even gave more detail on the Friday Nooner.
But we hadn’t known the dollar figure until Bill told Exit Stories host Kevin Mosley: $300M. That’s 300 followed by six zeroes, with a dollar sign at the front. Bill had much more to say about the 10+ years he and co-founder Charles Gaddy spent building GDC through the acquisition that made millionaires out of 25 current and former GDC team members. Read highlights of the episode here, then listen (and subscribe to!) it here.


FemTech Focus

When Brittany Barreto moved from Houston to Raleigh in late 2020, among the things she “packed” was FemTech Focus, a Triangle-based non-profit she co-founded that provides resources for FemTech entrepreneurs and raises awareness about the space. While FemTech is a relatively new term—which broadly speaking refers to solutions for conditions that solely, disproportionately or differently affect women, biological females and girls—the industry is growing rapidly. As Barreto puts it, “You can make a ton of money if you’re comfortable talking about periods.”
Read our full story about Barreto and FemTech Focus here.


Change At Top

Durham-based Percona, an open-source database software and services startup, has announced that Ann Schlemmer is stepping into the CEO role. She’s taking over for Peter Zaitsev, a former Download Q&A subject who had served in the CEO role since the company’s founding 16 years ago. Peter is staying on in a new “Founder” role. Ann has spent nearly a decade at Percona in various roles, most recently as President. See Percona’s press release for more info.


Loaded Lawsuit

I am not a kombucha fan—at all—but perhaps I’ve been thinking about it all wrong. Cary-based kombucha startup Tribucha faces a lawsuit that its kombucha drink contains double the alcohol level allowed by law and that it continues to ferment while on the shelves. I’m no lawyer, but that actually sounds like a selling point to me. (O.K., yes, I am aware there are different rules for alcoholic beverages, and with good reason.) Triangle Inno has more on the lawsuit, which Tribucha has not yet replied to but surely will.


Triple Threat

Raleigh-based geofencing tech startup Reveal Mobile has been selected as a triple finalist for the Digiday Awards, which are considered among the most influential awards in adtech/martech. Reveal Mobile has been shortlisted in three categories: best attribution tools, best location data platform; and best measurement solution. It sounds like Digiday has seen Reveal Mobile CEO Brian Handly on Pete Meets… and in the Download. The winners will be announced on Nov. 17.


Black Founders Exchange

Google For Founders’ seventh Black Founders Exchange at Durham’s American Underground wrapped up a week of programming last Friday with a Demo Day. Atlanta-based grocery search engine Ziscuit took home top honors. TechWire has a full report on the event. FYI on Thursday we’ll have a profile on the lone Triangle-based startup that participated in the program this year.


Keep Your Cool

TBJ’s Earth + Equity series focused last week on Durham-based Phononic, which makes solid-state cooling solutions that could make a real difference in the battle against global warming. That’s because the developing world in particular is rapidly adding air conditioning and refrigeration, both of which are vital but also—with the current prevailing technology—add to the the warming of the planet. Phononic CEO Tony Atti is a former Download subject and has frequently talked publicly about his desire to eventually take Phononic public via an IPO. Also he has great hair.



Build Great Software

Founded by serial entrepreneurs, Dualboot is a software and business development company. Their clients include tech and non-tech founders as well as Fortune 500 companies, so they can start small or scale fast depending on what you need. Every client is assigned a U.S.-based Product Director with years of experience bringing products to market, and they can manage the entire development process. They focus on how the software fits into your company to drive revenue and build the business. At Dualboot, they don’t just write your software—they help you grow your business. Intrigued? Email them here.


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