A new Boston Billionaire, of course, he has a startup- Duh

March 17, 2021

A new Boston Billionaire, of course, he has a startup- Duh

According to the Boston Business Journal, Jason Robins, CEO and co-founder of DraftKings, became part of the elusive "Three-Comma Club".

He is certainly in good company with his fellow Massachusetts tech billionaires, Alan Trefler (Pegasystems) and Steve Conine and Niraj Shah (Wayfair).
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The State of Manufacturing

The PMI Index grew to 60.8% in February. It is the highest it has been since February 2018!

Two-thirds of all reporting industries show employment growth.

Supplier deliveries keep slowing, and Inventories remain very low.
The manufacturing economy keeps expanding. Overall pricing is up.
Supply Chain Update
We mentioned the ongoing Semiconductor shortages previously in our newsletters; Counterpoint Research published an interesting overview of major capacity customers on TSMC's leading-edge technology nodes.
5nm node- to date ~80% used in smartphones
7nm node - quite diversified (main capacity bottleneck for many industries)
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We did miss one! The Boston Globe reports Massachusetts Governor Charlie Baker offered $250,000 to help create a "Mobility Innovation Hub" accelerator in Boston. With more than 100 mobility startups in the greater Boston area, this could be pretty exciting. We'll report back on this in one of our next newsletters.
Applications for the early-stage accelerator are open! Compete for up to $1M in cash & prices. Applications are due by March 31st.
The Capital Network (TCN) offers code MC21TNC to get 100% off the application fee.
Thrashers. Moose. FlyMates. OMies
No, they are not new Esports.
They are nicknames that workers of local companies have bestowed upon themselves. So if you want to be a cool Startup, you better get at it.
Here is the full list BostInno published.
Boston Startups and tech firms raised $2.3B last month. Software and Biotech companies brought in ~$2B, the heavy-hitter being Thrasio with a $750M round. Here are the notable Hardware startups from last month:

  • Malta, a Cambridge-based energy storage startup, raised $50M in a Series B round.
  • WiTricity, an NPA 2021 startup to watch, raised an additional $18M.
  • Locus Robotics, an NPA 2020 startup to watch, raised a $150M round.

Read more about all companies that received funding here(Source: BOSTINNO)
Our friends at MassRobotics are offering a fantastic new program. The "MassRobotics Jumpstart" fellowship for Black and LatinaX women in their Junior Year of High School.
It's a $1000 Stipend & paid Summer Internship program to provide women interested in a STEM career an opportunity to learn soft and technical skills in an engineering environment. Here is the link to apply. Applications close on March 30th.
Find the latest updates of the hottest Boston Startups here.
Accion Systems signed a new partnership agreement with NanoAvionics US Inc. to use Accion's TILE in-space propulsion system as the preferred option for all appropriate missions. More on this here. (Source: Accion Systems)

Elemental Machines signed a Co-distribution agreement with DeepMatter Group in the UK for both companies to grow their market penetration in the respective geographical areas. More on this here. (London Stock Exchange)

OptimusRide, the autonomous electric mobility service startup, launched its passenger service in Washington, DC. It's their fifth successful deployment of on-demand & convenient autonomous passenger service. Read more about this here. (Source: APNews)

RISE Robotics, the Solid-State Hydraulics startup, brought on former Caterpillar executive Ken Gray as VP Business Development to drive the expansion of their RISE technology in the heavy equipment industry. Find out more here. (Source: AIThority)

Smoodi, the innovative smoothie startup, is looking for an Embedded Software Engineer and an experienced Solidworks CAD designer. Contact morgan@getsmoodi.com for more info.

Tive, a global leader of in-transit supply chain visibility, acquired MyTrackingDevices, a shipment and asset tracking company in London, UK. Terms were not disclosed. More details can be found here. (Source: TransportDive)

Boston ranked 4th nationwide as the city with the Most Six-Figure Jobs behind San Jose (1), Washington, DC (2) & San Fransisco (3).

Massachusetts ranked 2nd right behind California as the state with the Most Six-Figure Jobs. ShowMeTheMoneyyyyy (Source: Volution Research)

If you enjoy intricate craftsmanship, this video will be well worth the 25 minutes of your life. Learn more about the Japanese Kumiko craft. #Oldschool

The Bay area has many challenges, but you now have one less. Made Renovation successfully launched an affordable tech-enabled Bathroom Remodel startup. IsntThisAContractor? (Source: Crunchbase)
P.S. We are looking for Part-Time Buyers & Quality Engineers.
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