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Ixia Acquires Net Optics

socalTECH

Calabasas-based network testing equipment and software developer Ixia announced Tuesday that it is acquiring Net Optics , a developer of network and application analysis products. Ixia said it will pay $190M in cash for Net Optics. ixia optics merger acquisition network testing equipment software' READ MORE>>.

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Honey Acquired By PayPal For $4 Billion

socalTECH

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. Honey was founded in 2012 by George Ruan and Ryan Hudson.

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Moviepilot Goes Native, Bets On LA, US Market

socalTECH

The sale netted the company $20M, which it will use to fund its U.S. Moviepilot set up shop in LA in 2012 , due to the entertainment industry''s base here. moviepilot angeles merger acquisition webedia' The move puts the company''s focused squarely on its Los Angeles operations. READ MORE>>.

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AutoGenomics Files For IPO

socalTECH

AutoGenomics said it had net income of $459,000 on net revenues of $8.69M for the first six months of 2012. The firm's IPO is being underwritten by Leerink Swann, Stephens Inc., Mizuho Securities, and Cantor Fitzgerald & Co. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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THQ Seeks Buyer As Sales Slip

socalTECH

The announcement came as the firm announced net sales of $107.4M for the three months ended September 30, 2012, down significantly from the similar quarter last year, when it had $146.0M The firm also reported a net loss of $21.0M. in revenues.

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10 Ways for Startups to Expand Their Reach in 2012

Startup Professionals Musings

I’ve netted out his and others to create the following basic strategy for entrepreneurial growth: Apply your core competency to related markets. They know you and your brand, so this should minimize your customer acquisition cost for the new product. New products or services to existing customers.

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