Tennessee Innovation in the News
Music City is well-represented on Inc. 5000 List
The Tennessean: Charlie Brock
For the innovative, fast-moving companies that are the engine of our national and state economies, rate of growth is a key metric, and one of the most important recognitions of an entrepreneurial company’s growth is inclusion in the Inc. 500|5000 list of America’s fastest-growing companies. By this measure, there were 80 excited Tennessee companies that recently found out they made the Inc. 5000 list this year.
The Southeast has a handful of its own VC firms, of course. Nashville and Atlanta each have a few good funds. Even Chattanooga, (Tennessee’s fourth largest city) has seen a number of new funds appear in the past three years. Still, there is plenty of room at the table for larger venture firms to leverage their own expertise and extract massive value from the Southeast.
National Innovation in the News
…..Well, former public radio guy. Alex just left NPR to launch his own podcast startup, and he’s documenting it in a new podcast called, well, Startup. And while he’s entering the private sector, it’s clear he hasn’t left the skills learned from his time at Planet Money or This American Life behind because the podcast is good.
Hewlett-Packard Co plans to buy cloud software startup Eucalyptus Software, a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomy Plc in 2011.
Microsoft confirmed it will acquire the studio that created the hit “sandbox” game Minecraft for $2.5 billion, a move that could help bolster the company’s Xbox and mobile ambitions. In a statement released Monday, Microsoft says the deal will close by the end of this year.
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