Boston, MA
Boston VCs are pleased that HubSpot will remain an independent company | TechCrunch
For months, rumors persisted that Google, and perhaps others, were interested in buying HubSpot, a Boston-based CRM and marketing software company. HubSpot’s market cap ballooned as the rumors persisted, eventually reaching over $30 billion. But this week, Bloomberg might have finally put an end to the madness when it reported that the parties had parted ways without an agreement. Several Boston-area investors were happy to see the company remain independent.
As we wrote in April, the deal didn’t seem to make sense. For starters, that market cap would mean that Google would be paying in the same ballpark for HubSpot that Salesforce paid for Slack, a deal that was worth almost $28 billion. If they paid a multiple over the peak market cap, it would have been even more. Considering that the biggest deal the company ever made was $12.5 billion, buying HubSpot was going to be considerably outside Google’s M&A comfort zone.
What’s more, Google Cloud, which would benefit from such a sale, is firmly focused on the enterprise, and HubSpot is focused on SMBs. That’s a big reason that the rumors never added up for Brent Leary, founder and principal analyst at CRM Essentials. “A conversation I had at the end of last year with HubSpot co-founder and CTO Dharmesh Shah kept replaying in my head. He said the company remained laser focused on the SMB space with no plans of moving up market to compete in the enterprise,” Leary told TechCrunch. When combined with the price tag, he never saw it as a likely pairing, he said.
Perhaps it was all part of a banker’s fever dream, feeding the rumor mill to keep the idea alive and maybe drive up the stock price. Perhaps it’s not surprising that the stock dropped 12% after Bloomberg published its story.
But HubSpot has been at the center of the Boston startup scene since its founding in 2006. It is an example of a startup that came out of MIT before growing, scaling, going public and building a solid business. In its last earnings report, the company reported revenue of $617.4 million, up 23% over the prior year. Even with the recent drop in stock market value, it still had a market cap of $25 billion on Thursday.
“HubSpot has been a great anchor in the Boston ecosystem, spinning out a lot of startups and driving a lot of activity in the local tech scene, so I’m glad to see them stay independent and continue down that path,” said Rob May, a four-time founder and angel investor based in Boston, whose latest startup is Brandguard.ai, a tool for building generative AI guardrails.
Greg Dracon, a partner at .406 Ventures, said it’s ultimately a good thing for Boston. “While unfortunate for shareholders hoping to capitalize on a potential pop, Google already has a large presence in the region, so retaining an independent [$25 billion to $30 billion] market cap company has many advantages for the Boston ecosystem,” Dracon told TechCrunch.
Lily Lyman, general partner at Underscore VC, said she isn’t surprised the talks broke down, but a successful sale could have had a negative impact on the Boston ecosystem, at least for the short term. “In the nearer term (next one to three years), I think the acquisition would have been a net negative for the ecosystem, as it would have led to a period where innovation and cultivating great talent would have stalled as the company dealt with regulatory concerns, potential infrastructure migration over to Google Cloud infra from AWS and Gemini from OpenAI and other distractions related to the deal,” Lyman said.
But she points out that eventually, it’s likely that some of those employees would have started companies of their own. “Had it gone through, in the longer term it could have been good for the startup ecosystem here in Boston, as we might have eventually seen an exodus of great talent that would leave and start a next generation of great startups.”
Regardless, assuming the rumors of Google’s interest were true, it appears the drama is over and HubSpot remains a stand-alone company. “The good news is that Hubspot is a healthy company that continues to grow and innovate. As long as it can continue to attract great talent in this next chapter, it can continue to be a powerful force in the Boston ecosystem,” Lyman said.
Boston, MA
Charlotte plays Boston on 5-game win streak
Charlotte Hornets (31-31, ninth in the Eastern Conference) vs. Boston Celtics (41-20, second in the Eastern Conference)
Boston; Wednesday, 7:30 p.m. EST
BETMGM SPORTSBOOK LINE: Celtics -6.5; over/under is 214.5
BOTTOM LINE: Charlotte is looking to keep its five-game win streak alive when the Hornets take on Boston.
The Celtics are 27-13 against Eastern Conference opponents. Boston is sixth in the NBA with 46.2 rebounds led by Nikola Vucevic averaging 8.8.
The Hornets are 19-21 in conference matchups. Charlotte is 7-8 when it turns the ball over less than its opponents and averages 15.0 turnovers per game.
The Celtics average 15.5 made 3-pointers per game this season, 2.7 more made shots on average than the 12.8 per game the Hornets allow. The Hornets average 16.0 made 3-pointers per game this season, 2.1 more made shots on average than the 13.9 per game the Celtics allow.
TOP PERFORMERS: Jaylen Brown is averaging 29 points, 7.1 rebounds and five assists for the Celtics. Payton Pritchard is averaging 17 points and 5.8 assists over the past 10 games.
Kon Knueppel is averaging 19.2 points, 5.5 rebounds and 3.5 assists for the Hornets. Brandon Miller is averaging 22.7 points, 5.3 rebounds and 3.6 assists over the past 10 games.
LAST 10 GAMES: Celtics: 8-2, averaging 109.4 points, 50.7 rebounds, 27.1 assists, 6.1 steals and 6.4 blocks per game while shooting 45.7% from the field. Their opponents have averaged 98.5 points per game.
Hornets: 7-3, averaging 117.3 points, 47.8 rebounds, 27.4 assists, 8.5 steals and 4.2 blocks per game while shooting 45.6% from the field. Their opponents have averaged 106.2 points.
INJURIES: Celtics: Jayson Tatum: out (achilles), Neemias Queta: day to day (rest).
Hornets: Coby White: day to day (injury management).
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Boston, MA
First Alert: Mix of snow and rain today, then looking ahead to warmer weather
Today is a First Alert weather day. A system to our south is pushing mix of snow and rain into southern New England through this evening and tonight.
For us here in Greater Boston, expect snow to continue spreading over our area through the afternoon/evening commute. In fact, parts our area could see up to 1 to 2 inches of snow accumulation before the sleet and rain move in.
Much of Greater Boston will likely see snow amounts on the lower end. Higher snow amounts are expected toward southern New Hampshire and along and north of outer Route 2. Also, some ice accumulations are possible, up to a tenth of an inch, creating a thin glaze here and there.
Dozens of schools in Connecticut and Massachusetts have already announced early dismissals as a result of the storm.
While this system won’t cripple our area, conditions could still create a mess on the roads during the evening commute through tonight. Be careful while driving. A Winter Weather Advisory remains in effect for parts of our area through early Wednesday morning. High temperatures will be in the mid to upper 30s today. Overnight lows will drop into the low 30s.
We’ll wake up to patchy fog Wednesday morning before the sun returns. High temperatures will be in the upper 40s. We’ll stay in the 40s on Thursday with increasing clouds. But by late Thursday night into Friday, wet weather returns. Some snow could mix with the rain into Friday morning. Highs will be in the upper 30s Friday.

Warmer weather is expected this weekend. Highs will be in the 50s Saturday and possibly near 60 on Sunday.
Boston, MA
Boston police officials dominate the list of highest-paid city workers in 2025 – The Boston Globe
That was more than what every other city department spent on overtime combined, though it was a slight drop from the $103 million the police department spent on overtime in 2024.
High overtime spending inside the police department has long been controversial and a source of frustration for police-reform advocates. Last year’s nine-figure total comes as Mayor Michelle Wu warns of a challenging budget season to come for the city, which is grappling with inflation and the possibility of more federal funding cuts.
In a December letter, Wu told the city council that she instructed city department heads to find ways to cut 2 percent of their budgets in the next fiscal year. She also imposed a delay on new hires. Boston Public Schools Superintendent Mary Skipper has also proposed cutting somewhere between 300 and 400 positions next fiscal year due to budget constraints.
Overall, the city spent about $2.5 billion on employee salaries in 2025, up around 1.5 percent from $2.4 billion in 2024. The city employs roughly 21,000 workers, according to a public dashboard.
In a statement, Emma Pettit, a spokesperson for Wu’s office, attributed the payroll increase to raises, and in some cases, employees receiving retroactive pay, that were part of contracts the city negotiated with its various labor unions.
“We’re grateful to our city employees for their hard work to hold Boston to the highest standard for delivering city services,” Pettit said.
When Wu won her first mayoral race in November 2021, all of the city’s 44 union contracts had expired. Since then, Wu’s office has negotiated new agreements with all of them, and last year, agreed to a one-year contract extension with the Boston Police Patrolmen’s Association, the city’s largest police union.
But as the city heads back to the bargaining table to negotiate extensions or new contracts with others, city leaders should keep cost at the forefront of those conversations, said Steve Poftak, president of the Boston Municipal Research Bureau, a business-backed budget watchdog group.
“As budgets tighten, I’m hopeful that it increases the scrutiny on these collective bargaining agreements,” Poftak said.
The top earner on the city’s payroll last year was Boston Police Captain Timothy Connolly. In addition to his $194,000 base salary, Connolly took home nearly $230,000 in overtime, about $26,000 in undefined “other pay,” and roughly $49,000 as part of a higher-education bonus, for a total of $498,145 in compensation.
Skipper, as BPS superintendent, was the 55th-highest earner among city workers, coming behind 54 members of the police department. She made a total of $378,000 in 2025.
Nearly 300 city employees made more than $300,000 last year. In contrast, Wu made $207,000, though her salary increased to $250,000 this year. More than 1,700 city employees made more than the mayor in 2025.
Larry Calderone, president of the Boston Police Patrolmen’s Association, argued that the high overtime costs in the police department are, in part, a result of understaffing.
The department is short roughly 400 rank-and-file police officers, Calderone said, meaning the department has to pay its staff to work overtime and fill vacant shifts. The average salary for an officer in the BPPA is roughly $195,000, Calderone said.
With several large events approaching, including a Boston-based fan fest around this summer’s World Cup matches and the return of a fleet of tall ships to Boston Harbor, Calderone said most of the members of his union are likely to be working the maximum allowable 90 hours a week.
“We just don’t have the bodies on the street,” he said.
The Boston Police Department and the Boston Police Superior Officers Federation — the union that represents the department’s sergeants, captains, and lieutenants — did not immediately return requests for comment Monday.
Jamarhl Crawford, an activist and former member of the Boston Police Reform Task Force, said while high spending on overtime is not new for the police department, it’s a pressing problem the city should tackle.
The police and fire departments are “essential components of the city and society in general … [and] folks should be getting a fair wage. But it also has to be within fiscal responsibility,” Crawford said.
“In another 10 years,” he continued, “with pensions and everything else, this type of thing can bankrupt the city.”
Niki Griswold can be reached at niki.griswold@globe.com. Follow her @nikigriswold. Yoohyun Jung can be reached at y.jung@globe.com.
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