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L.A. Cleantech Incubator Founding CEO to Step Down

L.A. Business Journal

Fred Walti, the founding chief executive of the Los Angeles Cleantech Incubator, is stepping down after six years at the helm, Los Mayor Eric Garcetti announced Thursday

Which School Generated The Most Startup/Tech Forbes 30 Under 30 Phenoms?


I was pleased and proud when I learned that two of my former UC Santa Barbara students, Sieva Kozinsky, Founder of StudySoup and Eric Posen, […].

Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc.,

Top Cybersecurity Lesson from 2016: Unchecked Insiders


And while hackers have many advantages, there are two that are contributing to a rampant spike in cyber breaches right now: 1.

Famous Birthdays In Growth Mode


Los Angeles-based Famous Birthdays , which operates an online service which lets you look up the birthdays of famous people, says it has now passed 13 million unique visitors, based on numbers from December. The company also says it now has a staff of 20 full-time staffers working out of its Santa Monica office. READ MORE>>.

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Silicon Beach Report Dec. 4: Faraday Future Unveils Its Production Car

L.A. Business Journal

Faraday Future Unveils Its Production Car

Biotech Roundup: JPM Deals, Gender Diversity, PCSK9 Battle & More


This past week, the biopharma industry made its annual January pilgrimage to San Francisco for the J.P. Morgan Healthcare Conference. 2016 was a whirlwind year in biotech, and the biopharma gods rewarded attendees with a multi-day monsoon to slog through to get from one meeting to the next. Pricing, Trump, PCSK9 Battle, and Diversity.

Cyber Attackers Targeted Our Trust, Not Just an Election


The cyber attacks on political organizations and election infrastructure added a level of intrigue to this year’s U.S.

Smart Voice Assistants Will Spread From Talking Devices To Apps in 2017


think that’s a big deal. It’s going to foretell a new type of user interface that will become very important for any company to include in its apps.

Silicon Beach Report Jan. 11: SpaceX Explains Plans to Land Three Boosters at Once

L.A. Business Journal

SpaceX explains plans to land three boosters at once, inside LA 2024’s social media strategy for winning the Olympics, and Global Eagle fully rents out a satellite

Startup Resolution 2017: Embrace Believers, Bounce Skeptics & Keep Moving


The holiday period is a great time for reflection and then behavior modification – often referred to as resolutions. While a bit artificial to the logical engineer, this opportunity can be helpful. This year, my favorite insight came from a former student and employee, Elliot Cohen, co-founder of PillPack.

Correlation Ventures Raises $200M, Maintains its “Moneyball” Strategy


The firm, which has offices in San Diego, Palo Alto, and New York, said it now has $366 million in assets under management.

Startup Aims AI System for Safety, with Potential for Self-Driving


Over the past 25 years or so, San Diego has become a hub for innovation in telematics, and in providing technologies and services that enable long-haul trucking companies and other fleet operators to monitor the location and operation of their vehicles. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

PvP Biologics Raises $35M in a Lab-to-Pharma Deal with Takeda


Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Ideas 24

Correlation Ventures Raises $200M In New Investment Fund


Correlation Ventures , a venture capital investment firm with offices in San Diego, Palo Alto, and New York City, said this week that it has raised $200M in a new investment fund. The company said the second fund was oversubscribed, and brings its total assets under management to $366M. READ MORE>>.

Biopharma Leaders Call for Gender Diversity Amid J.P. Morgan Conference


The letter was published Wednesday , on the second to last day of the annual J.P. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

SPACES Gest $6.5M For Virtual Reality Theme Park Efforts


Playa Vista-based SPACES , a developer of virtual reality technology aimed at the theme park industry, announced last week that it has raised $6.5M in additional seed funding. The funding was led by Chinese theme park operator Songcheng Performance Development, and also included Comcast Ventures, along with Boost VC, Colopl VR fund, GREE Inc.,

Report: Crosscut Ventures Launching Fourth Venture Investment Fund


Los Angeles-based venture capital investor Crosscut Ventures has reportedly started approaching limited partners (LPs) for investments in a new fund, its fourth. Crosscut's last fund, Crosscut Ventures 3, was worth $75M. The report, from the Pro Rata newsletter, said there's "a chance" that the new fund will be double in size of the last fund.

Silicon Beach Report Jan. 12: Venture Capital Investment in Los Angeles Drops

L.A. Business Journal

Venture capital investment in Los Angeles drops, Honest Co. recalls baby powder, Snap Inc. sued for alleged patent infringement, and more

J&J, NY State to Form Biotech Incubator in Big Apple’s Genome Center


New York State Governor Andrew Cuomo is planning to use some of the cash from his recently announced $650 million biotech initiative on Manhattan’s biggest life sciences problem—lack of lab space. The incubator will take up the third floor of the NYGC—about 30,000 square feet of space in the SoHo neighborhood.

Silicon Beach Report Jan. 16: Snapchat IPO Investors Won’t Get Voting Power

L.A. Business Journal

Snapchat IPO investors won’t get voting power, Wilcon plans to wire downtown Los Angeles to aid increased cell demand, DirecTV Now customer complaints growing, and more

Venture Capital Investment in Los Angeles Drops

L.A. Business Journal

The flow of venture capital dollars invested into Los Angeles-area companies fell 16.3 percent from a high of $4.17 billion in 2015 to $3.49 billion last year, according to a report by Dow Jones Venture Source

Trump Slams Drug Companies, Says Medicare “Bidding” Is Coming


Oh, the power of a Donald Trump sound bite. On the campaign trail and as president-elect he has made occasional noises about drug pricing—giving the U.S. Medicare system, the largest buyer of drugs in the world, the right to negotiate prices, for instance. This morning, in his first press conference, Trump went further.

Press 18

GumGum Names Sports Division Head


Santa Monica-based GumGum , which is developing computer vision software applied to online advertising and media, said today that it has named Ryan Mosher as its new Executive Director of GumGum Sports. GumGum Sports focuses on sports sponsorships with brands. Mosher will be based in Chicago. READ MORE>>.

Next Coast Ventures Latest Addition to Austin’s Investment Ecosystem


Ball was also part of Austin Ventures for a decade before the firm shuttered in 2015. Smerklo says the firm will largely focus on Austin startups, making Series A and B investments in tech companies innovating in. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Watching for NIH Innovation in 2017—and Drug Pricing, Trade Deals


With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” That being said, here’s what I’ll be keeping an eye on in Washington in 2017. Overall, the bill will. Food and Drug Administration

Notes From The JPM ’17 Vortex: Trump, Rainstorms & The Price You Pay


[ Editor’s note: Ben Fidler contributed to this report ] The week of frenetic data sharing, deal talking, and party hopping of the J.P. Morgan Healthcare Conference—and the events that have mushroomed around it—took a punch to the gut just as most attendees were wrapping up and checking their outbound flight status.

Press 15

Silicon Beach Report Jan. 5: Imax to Launch VR Arcade in Los Angeles

L.A. Business Journal

Imax to launch VR arcade in Los Angeles, former Snapchat executive alleges app misrepresented growth numbers, and Hulu to add CBS to live streaming service

Silicon Beach Report Jan. 3: Proterra Raises $140M, Plans to Increase Hiring at City of Industry Plant

L.A. Business Journal

Proterra raises $140 million and plans to increase hiring at City of Industry plant, SpaceX to resume launches on Jan. 8, and Mattel working on voice assistant for kids

StockTwits Acquires Mobile App SparkFin to Add Fintech Services


StockTwits, the Twitter-like social media platform for sharing stock market tips and ideas, has acquired San Diego’s SparkFin, a fintech mobile app for discovering and sharing stocks and other investment ideas. Financial terms of the deal were not disclosed. Lindzon led StockTwits as CEO until last year, and continues as chairman.

Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017


Along with that comes the responsibility of leadership in developing the consensus to make long term investments in research and education and manage them effectively. A lot of the technological innovation in the United States is done by recent immigrants who obtained their graduate degrees.

Silicon Beach Report Jan. 20: Snap Inc. Justifies $20 Billion Valuation with User Engagement

L.A. Business Journal

Snap Inc. justifies $20 billion valuation with user engagement, DirecTV Now claims more than 200,000 subscribers in first month, and Warner Bros. to run first Snapchat puzzle lens ad

Silicon Beach Report Jan. 18: Hulu to Allow Users to Download Shows to Their Phones

L.A. Business Journal

Hulu to allow users to download shows to their phones, Hyperloop Transportation Technologies eyes European network, and TeamDom raises $1 million to sell advertisements from influencers

Silicon Beach Report Jan. 10: Snap Inc. Places International Headquarters in London

L.A. Business Journal

Snap Inc. places international headquarters in London, Lionsgate invests in e-sports team Immortals, and crowd-finance startup MobileCause raises $15 million