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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.,

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

Xconomy

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.

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

Correlation Ventures Raises $200M In New Investment Fund

socalTECH

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>>.

LA Advertising Professionals

SoCal Tech Calendar

Monday, January 23, 2017 -- LA Advertising Professionals. Mix, mingle, and network with other advertising professionals. Find partners, meet new people, and do deals. See https://www.eventbrite.com/e/la-advertising-professionals-tickets-28930021473.

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Report: Crosscut Ventures Launching Fourth Venture Investment Fund

socalTECH

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.

Application Deadline: Hardware Cup West Coast Regionals

SoCal Tech Calendar

Sunday, January 22, 2017 -- Application Deadline: Hardware Cup West Coast Regionals. Win $50,000 to grow your hardware startup! Any early-stage startup that builds a physical product is eligible to apply. Deadline for West Coast Regional is 1/22. See [link] (more

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

Xconomy

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

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

Xconomy

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.

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

Xconomy

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

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

Xconomy

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 17

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

Xconomy

[ 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 14

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

Xconomy

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. 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

SPACES Gest $6.5M For Virtual Reality Theme Park Efforts

socalTECH

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.,

Moonshots Gets Big Exit At Harvest.ai

socalTECH

Los Angeles-based venture investment firm Moonshots Capital , which is led by Kelly Perdew, has seen a big exit via the acquisition of San Diego's Harvest.ai by Amazon Web Services. The deal, which has not yet been formally announced, was reportedly worth around $20M. READ MORE>>.

Social Fund-raising Website GoFundMe Buys Detroit Rival CrowdRise

Xconomy

GoFundMe, the Redwood City, CA-based fund-raising platform for charities and nonprofits, has acquired CrowdRise , a Detroit, MI-based rival founded by entrepreneurs Robert Wolfe and Jeffrey Wolfe, and Hollywood philanthropists Edward Norton and Shauna Robertson. Financial terms were not disclosed in a statement issued Tuesday by GoFundMe.

Silicon Beach Report Jan. 17: Mitú to Create Latino Content for MLB

L.A. Business Journal

Mitú to create Latino content for MLB, Snap Inc. secrecy culture may clash with the requirements of a public company, and Seinfeld’s “Comedian’s in Cars” leaving Crackle for Netflix

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VC Activity Continues Slowdown in Fourth Quarter, and Top 10 Deals

Xconomy

The report found that venture firms invested $12.7 billion in 1,736 U.S. companies during the fourth quarter—a 20 percent.

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

Silicon Beach Report Jan. 13: Head of Sony Entertainment, Michael Lynton, Steps Down to Become Snap Chairman

L.A. Business Journal

Head of Sony Entertainment, Michael Lynton, steps down to become Snap chairman, Rubicon shares soar after rumor of a sale, RadPad acquired after rough 2016, and more

Triton Digital Wins NRG Media

socalTECH

Los Angeles-based audio advertising technology developer Triton Digital announced this morning that it has been selected by radio station owner NRG Media. Financial impact of the win was not announced. The software will be used for creating, managing, and syndicating content, and also running contests, surveys, and email marketing efforts.

SPACES Gets $6.5M For Virtual Reality Theme Park Efforts

socalTECH

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.,

Interview with Kos Galatsis, Carbonics

socalTECH

In the startup world, one of the most difficult journeys to market is by companies who are taking basic scientific advances and technologies originally developed at universities, and taking them all the way to use in the commercial world. The company's CEO, Kos Galatsis , spoke to us a few years ago at the very beginning of their journey.

Resonant Swaps CEO

socalTECH

Goleta-based Resonant Inc. which designs RF filter technology for the wireless industry, said today that its CEO, Terry Lindgren, is retiring from the company. Lindgren has been CEO of the company since it was founded in May of 2012, an is one of its founders. According to Resonant, George B. READ MORE>>.

At Allergan And Other Pharmas, Price Transparency Has Limits

Xconomy

The first test of pharmaceutical giant Allergan’s promise to behave responsibly came last week. ” In an interview at the annual J.P.

Mitú to Create Latino Content for MLB

L.A. Business Journal

Latino media company mitú has signed a content deal with Major League Baseball to promote baseball to young Latino audiences

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Wilcon Plans to Wire Downtown Los Angeles to Aid Increased Cell Demand

L.A. Business Journal

To serve growing bandwidth demand from wireless phone companies, telecommunications firm Wilcon announced plans to expand and then connect its fiber-optic network to hundreds of small cellular sites in downtown Los Angeles

TV, Film Studio Scores Stake in E-Sports Squad

L.A. Business Journal

Another big L.A. player is diving into the digital world of e-sports, hoping to grab a piece of a market that is expected to grow to $1 billion as early as next year

Beverly Hills Ready To Ride Robot Cars

L.A. Business Journal

Beverly Hills hopes to get on board with federal testing of autonomous vehicles

Michael Lynton Steps Down as Head of Sony Entertainment

L.A. Business Journal

Sony Entertainment chief executive Michael Lynton, 57, will step down from his post to focus on his position as chairman of the board of Snap Inc., according to news reports from The New York Times, Deadline.com, and others

RadPad Acquired After Rough 2016

L.A. Business Journal

Apartment listing service RadPad of Venice was bought by tenant-screening service LandlordStation of Dallas for an undisclosed amount, following a tough year that included layoffs and court battle with Craigslist

GumGum Names Sports Division Head

socalTECH

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>>.

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