; Katie Rae
In her role as CEO
partner of the
Engine, a VC firm
launched by MIT,
Rae invests in
startups like biotechnology firm
Vaxess Technologies and A.I.-
powered logistics company ISEE.
The Engine also defrays costs by
providing access to expensive
resources like technical facilities.
improve quality of life for older
people. Other notable “age
tech” success stories include
wireless headphone startup
Eversound and virtual reality
Average salary of a software engineer here— 4 percent below the national average
; The strongest talent pipeline for
Boston-based startups is the city’s
30-plus colleges and universities,
including Harvard, MIT, and Babson
College. Many host entrepreneurial or
business programs, along with their
accelerators and incubators, to support
; Prestigious local hospitals like
Massachusetts General, Beth Israel,
and Brigham and Women’s attract
medical students and professionals,
some of whom go on to launch
their own companies, like Ailis
Tweed-Kent’s drug-delivery platform,
; When prominent local startups go
public, like marketing software platform
HubSpot, travel website TripAdvisor,
and smart-vacuum manufacturer
iRobot, employees often go on to work
at other local enterprises.
; High commercial real estate
prices drive startups to set up shop
in suburbs like Malden, Waltham,
or Quincy. But, “if you’re not in
the city, it might be tough to get
people to come work for you,” says
Matt Reiners, co-founder of senior-focused wireless-headphone
; “There is just a disgusting propensity for snow,” says Kyle Rand,
co-founder of VR platform Rendever.
This means accepting that investors
and potential partners may avoid the
city between November and April.
; Early-stage funding still lags
behind that in hubs like New York
City and Silicon Valley, which drives
seed-seeking founders elsewhere,
says Jodi Goldstein, executive
director of Harvard Innovation Labs.
WHERE TO TALK SHOP
; District Hall Massachusetts outlawed
happy hour in 1984, so founders flock to event
space District Hall for its frequent conferences,
hackathons, and workshops.
; Tatte If you’re arranging a meeting at this
café, be sure it’s the right one: There are 15
Tattes throughout the area. The Third Street café
in Cambridge, with its long communal tables, is
especially popular with entrepreneurs.
; OAK Long Bar This Copley Square
watering hole’s $18 cocktails and luxurious
decor attract clientele with pockets deep
enough to invest in your latest venture.
; Niraj Shah
Way-fair’s IPO in
$304.5 million, solidifying
Boston’s reputation as a
startup haven. Now, he
acts as a connector for other
entrepreneurs in the area.
$36B Funding Boston companies received from the National Institutes of Health between 1992 and 2017—more than those in any other city
Source: Boston Planning and Development Agency