The Thursday Night Party Report
I ran into blogger and Celtics fan Michael Feinstein of Sempre Management. John Landry was also there, sheepishly acknowledging that he'd been caught doing the Funky Chicken on the Jumbotron at Wednesday night's Celtics game. I-banker Paul Deninger was there... and just so's you realize how powerful he is, he pulls people aside every five minutes to whisper something in their ear.
Neil Creighton, CEO of Prism portfolio company RatePoint was there, and he explained why consumers might want to post ratings on a vendor's Web site (it gives the vendor a chance to address any complaints .... very different from posting a negative comment on Yelp or Epinions.) There was also a big contingent from LogMeIn, another Prism portfolio company that filed to go public back in January.
Out in the parking lot, Roy Hirshland mentioned that his firm, T3 Advisors, had been involved in Adobe's deal to buy a 108,000 square foot building in Waltham for its East Coast outpost. That suggests a long-term commitment on the part of the San Jose company, which had been leasing in Newton ever since it bought Macromedia (which bought Allaire Corp., oh so long ago).
At Tequila Rain on Landsdowne, I miraculously scored a parking space right out front... inside, I ran into Matt Lauzon of Paragon Lake, a Highland Capital-incubated company (they participated in the summer program last year) that's out raising its first round. Sounds like the money will likely come from a mix of East Coast and West Coast investors. Lauzon,a recent Babson grad, said he'd listed himself in the PowerPoint presentation as "Acting CEO." On the East Coast, he found, that made investors comfortable: we can bring in some adult supervision. But on the West Coast, people said, "Why just acting?"
Aaron White from the animation site DoInk.com was in the back room ... Michael Kreppein and Dave Dupre from Inquisix were there ... as were PR mavens Maura Fitzgerald and Jean Serra from Version 2.0 communications. Eric Hellweg was in attendance with a posse from Harvard Business School Publishing, and he mentioned that his band Andromeda Taxi has some big gigs this summer, opening up for Phil Lesh and the Allman Brothers. On the way out, I ran into a pair of venture capital PR folks, Matthew Burke and Karen Bonmart, both of whom were toting freebie t-shirts from TripAdvisor, which now proclaims itself the biggest Web 2.0 company in the East.
Labels: Adobe, John Landry, LogMeIn, Michael Feinstein, PopSignal, Prism VentureWorks, RatePoint, Tech Cocktail, TripAdvisor