TG it’s Friday: A great end of the week to everybody who isn’t following the Brexit fallout. Could be worse: A meteor exploded over Chicora, Pa. on this day in 1938, killing a cow. The blast was initially thought to be a mishap at the powder magazine in nearby West Winfield.
As one investigator put it: “If it had landed on Pittsburgh there would have been few survivors.”
Happy birthday Mick Fleetwood.
War stories: We’re teaming up with Nixon Peabody on a roundtable for startups. This time, a look inside raising money and the many – many – mistakes there are to make along the way. Allan Cohen, Harvey Brofman, Dan Polner, Kominicki rides herd, July 14, 8 to 10 a.m., Melville Marriott, free if you register promptly.
Hey: Don’t forget we’re taking nominations for our annual Innovator of the Year awards. Looking for standouts in software, clean-gen, biotech, food & beverage, science & technology, general invention or the sector of your interest. Send info or questions to firstname.lastname@example.org.
Cool: Buncee CEO Marie Arturi was a featured Q&A in the Huff Post biz section this week.
Bigger is bigger: Having won final approval for its Cablevision acquisition, Altice suggests it’s not done buying things.
Face time: Canon is launching a workshop series for small firms called Simple Steps to a Well Run Business. The first outing is set for June 30, 4 to 7 p.m. Registration a must.
We need this: The proposed Manufacturing Extension Partnership Improvement Act would be a boon for Long Island companies. If it ever sees the light of day.
Pressing matters: Check-Mate Industrial has put its stamp on the future with a giant parts-punching machine.
Please stay: Comtech Telecommunications is mulling $700,000 in tax breaks designed to keep the company on Long Island.
Fund times: Private equity invested more than $4 billion in Long Island companies last year, including San Fran-based Vector Capital’s $120 million acquisition of ChyronHego of Melville. (Subscription required)
You never knew: The New York Lottery netted more than $3.1 billion in 2014, more than any other state and 15 percent of the national haul despite being home to just 6 percent of the U.S. population.
Grieving the way you chews: State lawmakers passed a bill allowing funeral homes to serve non-alcoholic beverages and assorted sandwiches and baked goods, sustenance long banned by health regulations. It awaits the guv’s signature.
About our sponsor: SUNY Old Westbury is a selective public liberal arts college serving more than 4,300 students from Long Island, New York City and around the world. With graduate programs in business, education, mental health counseling and more, Old Westbury offers cutting edge instruction and convenient scheduling, all at the affordable rate of SUNY tuition. Own your future.
Nope: Opposition was swift to a National Grid proposal to build a giant solar array on wooded land it owns near the former Shoreham nuke facility.(Subscription required)
De-camped: Apple expanded its summer ed program for children, including a new session on coding. (Sorry. There are waiting lists at all LI stores.)
Blow-out pricing: A Manhattan-based startup called GameHedge offers fans a partial refund when their team loses big. Purchasers of baseball tickets, for example, can get 50 percent of their cost back if the home team loses by five or more runs.
Build it, then destroy it: Piper, which offers hackable computer kits for kids, raised a $2.1M seed round from Princeton University and 500 Startups.
A good gig: Facebook is shelling out at least $50 million for news and celebrity content for its just-launched live streaming service. Chef-crank Gordon Ramsey and New Ager Deepak Chopra are contributors.
Starting startups: Perdue was the top university spinner-outer in 2014, according to the latest data from the Association of University Technology Managers. Thirty-one universities spun out at least 10 companies and 54 spun out six or more companies. Purdue launched 24 startups that year.
Unconventional: More than 3,000 people and 100 “cannabusiness” vendors attended this week’s third annual National Cannabis Industry Association trade show in Oakland. Keynote by California Lt. Governor Gavin Newsom.
Including latte breaks: It costs an average $3,300 a year to get ready for and go to work, a new study suggests.
Selfie aggrandizement: Protesting Democratic representatives turned to Twitter’s Periscope app when House Speaker Paul Ryan pulled the plug on chamber cameras. (C-Span says thank you.)
Related: A brief history of the carpet on which the sit-in took place.
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Going digit-al: Nimb, a smart ring that alerts friends, emergency responders and other users when you’re in trouble, raised a quick $75,000 on a $50,000 Kickstarter campaign that runs until July 28.
Smaller heads prevail: The nation’s largest craft brewers are in decline, although startup operations continue to show impressive growth.
Don’t hold your breath: Researchers think breathalyzers can be used to detect all sorts of diseases.
Intuitive scanning: IBM announced the formation of a Watson Health medical imaging collaborative that wants to make “cognitive imaging” a routine part of medical practice in image-heavy specialties. Includes Merge Healthcare, which Big Blue bought for $1 billion in 2015.
What all men need: New research suggests wild boars and wart hogs have an internal magnetic compass that helps them orient themselves as they forage for food and inhabit new areas.
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Compiled by John Kominicki. Thanks for reading.