Wayfair and HubSpot IPOs Could Be Just The Beginning For Boston Startup Scene — techcrunch.com

While Silicon Valley firms hold back on their IPOs and there’s hand-wringing over burn rates, two Boston-based startups had highly successful IPOs less than a week apart. Just over a week ago, furniture shopping service Wayfair went public and raised over $300M in its IPO, then HubSpot had a successful IPO of its own a week later. I think it’s safe to say the Boston startup scene is on its way. Scott Friend, a managing director at Boston-based venture capital firm Bain Capital says these successes bode well for Boston’s startup community. “For sure, the HubSpot IPO, alongside other great IPOs and exits in town in recent years like Wayfair, DemandWare, Endeca and Kiva Systems (sale to Amazon.com for $775 million), enhances the credibility of the Boston start-up ecosystem for fledgling entrepreneurs as well as engineers and sales people, and investors. As we’ve seen in Silicon Valley for several years, the big exits create a virtuous cycle in the local market that is contagious.”

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