5 Tech Observations to Start Your Day, Oct 23

Good morning IT entrepreneurs. Here are the top 5 technology news tips, rumors, insights, observations and chatter to start your day for Thursday, Oct. 23, 2014.

Today's lineup is actually seven entries:

7. Done Deal?: File this under "unconfirmed rumor" that I haven't had time to investigate. An independent source tells me Backupify has signed a letter of intent to be acquired. The alleged buyer: Datto. I haven't been in touch with sources at either company. Chatter about the alleged deal first surfaced in the BostInno blog. Then, I received an unsolicited tip from someone who claims to be in the know, stating both companies have put pen to paper on the letter of intent. Lessons learned: If the deal is official there are two lessons to learn here.

  • First, a lot of people assumed Datto would be a near-term seller. The company received a few unsolicited offers over the past couple of years, I'm told, but Datto had far bigger plans. A venture capital investment plus rapid growth have transformed Datto into a buyer.
  • Second, Backupify proves that IT entrepreneurs can build businesses in and around the Google Apps market -- instead of running scared from commodity SaaS services.

Qualifier: Please disregard my lessons learned if the Datto-Backupify deal doesn't happen. But please keep visiting our blog for more rumors. We hear plenty of them. A few actually come true.

6. What's Another Word For Synonym?: Bloomberg will issue its "Consumer Comfort Index" today at 9:45 a.m. ET. I'm guessing that's the same thing as a "confidence" index? If you haven't picked up the clues, I don't pay too much attention to confidence indicators -- especially SMB confidence indicators.

5. Female Entrepreneurs Make Their Pitch: Eight female startup founders will pitch to angel investors at the first Boston Women's Venture Summit on Nov. 21, 2014. A "rare" event? Certainly not. Each month, top female entrepreneurs pitch their businesses to Golden Seeds -- a nationwide angel investor network that only invests in women-led startups. Many (but not all) of the pitches occur in Manhattan. In fact, several are happening today... But that's all I can say about that.

4. Wait, That's New? Wal-Mart tech execs this week discussed their Agile software development strategy at a conference in Silicon Valley. Hmmm... Former Intronis CEO Sam Gutmann was evangelizing the agile approach to me roughly three to five years ago. Gutmann is typically ahead of the curve on a range of things. He's also very active in Golden Seeds...

3. Healthy Paranoia: The U.S. Department of Homeland Security is investigating about two dozen cases of cyber security flaws in medical devices that hackers could exploit, according to Reuters. My spin? Birth of a new market opportunity: Pacemaker Firewalls.

2. Earnings Tidal Wave: Watch for tech and cloud earnings today from Amazon.com, Avnet, Ingram Micro, Juniper, LogMeIn, NetSuite and ShorTel. Oh, and a little IT company called Microsoft. In case you missed it, Apple delivered record earnings earlier this week and IBM announced continued softness. 

1. Listen (Don't Look) for Clues: A lot of folks are trying to figure out what After Nines Inc. plans to reveal on Nov. 4. Amy Katz and I offer these three clues: First, it's not a big, complex site launch. Remember: After Nines Inc. is all about simplicity in a complex world. Second, we've always admired Charlie Rose. Third, IT entrepreneurs are looking for answers in all the wrong places. Perhaps instead, they should listen for them.  

I hope you'll stop by at 9:01 p.m. ET on Nov. 4 for the reveal. Oh, and keep visiting daily in the meantime.

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