1. Food Startups Staying Hot

In the wake of Grubhub's successful IPO, investors are hungry for food delivery startups. Munchery, a San Francisco business that raised a $28 million Series B round on Thursday, is leading the pack--at least for now. The company plans to expand beyond the Bay Area, but faces stiff competition from upstarts like Spoonrocket, which is reportedly raising $10 million; Sprig, which raised $10 million last month; and Blue Apron, which reportedly is raising a $30 million round.--Mashable  

2. Acquisition Update

Amazon announced its acquisition of comiXology, the New York-based maker of an app that allows you to read and buy comics, for undisclosed terms. Founded in 2007, comiXology, which sold 4 billion pages of comics in 2013, offers content from both marquee publishers like Marvel and DC and indie creators. More than half of ComiXology's readership is international--perhaps another reason why Amazon found the startup so attractive.--comiXology

3. Goodbye, Non-competes?

Massachusetts Governor Deval Patrick proposed legislation to eliminate non-compete agreements in his state. He wants Massachusetts to adopt the Uniform Trade Secrets Act, which prevents workers from taking companies' intellectual property to other businesses while allowing them to join or launch competitors. Incumbents, watch out.--The Boston Globe 

4. You Heart LinkedIn

For the second year in a row, in 2013 LinkedIn was the favorite social media site among the Inc. 500, the fastest-growing private companies in the United States. The Center for Marketing Research at the University of Massachusetts Dartmouth examined social media usage among the Inc. 500 and found that small businesses' use of nearly all social platforms was up from the previous year.--Inc.com 


Published on: Apr 11, 2014