We're starting a new feature here on the FortyX80 blog. Every month, we'll review what’s been going on in the Pittsburgh entrepreneurial community for the previous month – what changed, who grew, and what people are saying. Plus, we want to make sure we keep you up to date on the things FortyX80 has been up to lately.
January's recap is coming a few weeks behind schedule, but keep an eye out for these reviews during the first week of every month.
What Pittsburgh Was Talking About
Pittsburgh native Clara Sieg was named one of Forbes’ Top Young Investors of Venture Capital
Bad news: seed investment was down sharply in Pittsburgh in 2015, even though overall venture capital investments remained strong
Good news: a record number of tech firms raised capital in the fourth quarter of 2015
Luis von Ahn of Duolingo took to Quora to the age-old question: “ Is raising money for a startup harder outside Silicon Valley? Why or why not?”
AlphaLab Gear kicked off its National Hardware Cup, a pitch competition with a $50,000 investment grand prize
Filmmaker Werner Herzog’s next documentary will be about Pittsburgh, specifically our robotics industry
Former Pittsburgh startup The Zebra, a “kayak for car insurance,” raised $17 million... in Austin
Pittsburgh was listed as the #8 city “techies should consider moving to in 2016” by the Huffington Post, but they really could have done some more researching and fact-checking
The Pittsburgh Downtown Partnership launched BetaBurgh, a new initiative that will award grants to local entrepreneurs and early-stage businesses for activating public spaces
Who Raised Money
Pittsburgh company NetBeez raised $545,000 (with funds coming locally from Carnegie Mellon University, Innovation Works, and AlphaLab), while also launching a free version of its network monitoring platform. (via VentureBeat)
Predictive analytics startup OThot received a strategic investment from Palo Alto-based Opus
What We’ve Been Up To
We did our research and came up with the best conferences for entrepreneurs to attend this year. What do you think? Which ones are you planning on going to?
And we did have ulterior motives for this – we’re planning on attending some to hold partner events that introduce Pittsburgh startups to national influencers (more details to follow).