Scaling Successful Companies and Nixing Noncompetes: Two Initiatives for 2015 [Dec. 29, 2014]
By Scott Kirsner
A group of local CEOs held a rather quiet meeting back in September. The invite-only conclave included the chief executives of public companies like iRobot, Constant Contact, and LogMeIn, as well as fast-growing startups like Fiksu, Formlabs, and Acquia. Governor Deval Patrick and Greg Bialecki, the secretary of housing and economic development, even showed up. The focus? How to help those startups grow into big successes.
The event was called the MassScale CEO Roundtable, and it took place at the offices of Communispace in Boston. (Communispace chairwoman Diane Hessan, now CEO of the Startup Institute, was among the attendees.) Scott Savitz of Data Point Capital, one of the prime movers behind the event, tells me that this was the second gathering. The first roundtable took place earlier in 2014 at LogMeIn, and the Mass Tech Hub Collaborative has been helping to organize the gatherings, along with people like Savitz; Andy Ory, former CEO of Acme Packet; Michael Greeley of the VC firm Foundation Medical; and iRobot CEO Colin Angle.
The sole purpose of MassScale is to focus on scaling startups into anchor companies — our next generation of EMCs, Akamais, and Wayfairs. According to a press release put out about Governor Patrick’s participation in the September meeting, “This industry dialogue begins to foster a culture that values and celebrates the scale-up of tech companies, and helps identify ways the state can support the conditions for their growth.” The group plans to continue meeting in 2015, though the next date hasn’t been set.
“The ultimate goal is to find ways to catalyze a culture for ‘scale-up’ in Massachusetts that is analogous to what already exists for ‘start-up,'” says Pamela Goldberg, CEO of the Massachusetts Technology Collaborative, which is supporting the initiative.