Trending Sources

Report: Unilever Eyes The Honest Company

socalTECH

Is another, Los Angeles consumer startup-- The Honest Company --about to be acquired by Unilever ? An unconfirmed report Thursday afternoon, from TechCrunch, says that Unilever is in early talks to acquire the company, founded by Jessica Alba and SoCal serial entrepreneur Brian Lee. READ MORE>>.

Honest Company Cuts 80 Employees

socalTECH

Los Angeles-based Honest Company , the online provider of eco-friendly baby, personal care, and other household goods led by Brian Lee and co-founded by Jessica Alba, has quietly let go of 80 employees --or nearly 14% of the company--in what the company has billed as a "growth positioning". The report was first detailed by WWD.

Southern California Companies Raise $1.46B In VC In Q3 2015

socalTECH

Southern California has seen another, big venture capital investment quarter, with companies raising $1.46 raised in 15 companies.

Ten Of The Top Tech Companies For Employees In LA

socalTECH

Who are the top tech companies to work for in Los Angeles? Despite a huge number of companies, we found there are a number which. OpenX.

Report: Snap Buys Ad Tech Firm Flite

socalTECH

Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. The deal has not yet been announced by either company. READ MORE>>. snap advertising technology merger acquisition adtech acquihire

Southern California Companies Raise $2.49 Billion In VC In Q2

socalTECH

Southern California companies raised $2.49 billion in venture capital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters. billion round for Venice based Snapchat. billion raised in the region just a year ago in Q1 of 2015.

Report: Disney Will Not Bid On Twitter

socalTECH

A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. will not make a bid for Twitter , which reportedly has been looking to sell the company. Disney had been reported to be looking at Twitter in September. READ MORE>>. disney twitter merger acquisition rumor investment banking

ServiceNow Wins Israeli Telecom Company

socalTECH

San Diego-based enterprise IT management provider ServiceNow reported a win today with Israeli telecommunications provider Partner Communications Company Ltd. Financial details of the win were not announced. Partner Communications service more than 3 million cellular subscribers in Israel, under the Orange brand. READ MORE>>.

Report: Snapchat Acquires Bitstrips For Around $100M

socalTECH

Fortune citing multiple sources, says the companies refused to comment on the deal. READ MORE>>.

Three LA Companies Pursuing Gawker Media

socalTECH

Three, Los Angeles area media companies-- Univision , Ziff Davis (a unit of J2 Global) and Penske Media --have all been named as possible bidders on bankrupt, Silicon Valley publication Gawker Media , according to reports today, which say Ziff Davis has submitted a $90M bid for the company. READ MORE>>.

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. often see companies burning $100,000 per month (net) looking to raise $6-8 million. ” I highly recommend reading it. Let’s set up a framework. Here’s

Report: Flipagram Looking For Buyer

socalTECH

Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Citing "multiple sources" close to the company, Recode said Flipagram is still discussing financial terms with Toutiao, but no deal has been signed. READ MORE>>.

Report: Biotech VCs Perpetuate Boardroom Gender Gap

Xconomy

That’s according to British recruitment firm Liftstream and its new study of biotech companies that went public in the recent boom years.

Study 31

The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

I was at a dinner recently in Chicago and the table discussion was about building great companies outside of Silicon Valley. It’s not the great companies you build, it’s the silent killer of those that should have been build locally and weren’t. Klout was an LA company – sold for $200 million to Lithium.

Music Reports In Expansion

socalTECH

Los Angeles-based Music Reports , the private equity-backed firm which provides music rights administrative services, said Friday that it has made a major expansion of its employees and offices. The company said it now has more than 100 employees. Music Reports is backed by ABRY Partners. READ MORE>>.

Once High Flying Ouya On Block, Says Reports

socalTECH

Once highflying Santa Monica-based gaming console developer Ouya is on the block, after the company tripped a debt covenant from one of its investors, according to a report. The sale comes due to debt owed to TriplePoint Capital, according to the report. OUYA is led by Julie Ehrman. READ MORE>>.

MySetLife Adds Content From Hollywood Reporter, FilmContact.com

socalTECH

mysetlife hollywood reporter producer content filmmaker investedinDetails of the business arrangements with those firms was not announced.

Tech Coast Angels Number Two In Angel Investments Report

socalTECH

According to the report, the Tech Coast Angels slipped from last year''s number one position, due to the activity of the New York Angels.

Spokeo Hits 150 Employees, Reports Growth

socalTECH

Pasadena-based people search engine provider Spokeo is up to 150 employees in its Pasadena headquarters, almost double the number of employees it had in 2012, the company said today. The site--which is led by Harrison Tang--said the growth compaes as it saw 159 percent revenue growth between 2012 and 2014. READ MORE>>.

Snapchat Selects Morgan Stanley, Goldman Sachs To Lead IPO, Says Report

socalTECH

Venice-based Snapchat has selected two investments banks--Morgan Stanley and Goldman Sachs--to lead the company's much anticipated IPO, according to a report from Reuters Wednesday afternoon. The report--citing "a source familiar with the situation"--said the IPO would value Snapchat at $25 billion. READ MORE>>.

Report: IPO Fever Lifting Valuations, Slowing M&A

socalTECH

A report today says that "IPO fever" is lifting valuations of technology companies, while slowing the pace of mergers and acquisitions.

Uber: Transportation Service or Big Data Company?

Tech Zulu Event

This is the reason many view Uber as a company that specializes in big data. The post Uber: Transportation Service or Big Data Company?

Report: Honest Co. Prepping For IPO, Hires Bankers

socalTECH

A report Friday from Bloomberg says that Los Angeles-based Honest Co. The report says that Honest Co.'s Honest Co. billion. READ MORE>>.

Los Angeles Has 5 Percent Of All Unicorns, Says Report

socalTECH

Los Angeles has 8 percent of all the "unicorn" companies globally, according to a new study released Wednesday by the University of Southern California's Marshall School of Business. The school said the study companies as a unicorn if they exceeded a value of $1 billion during any month between January 2014 and the end of 2015.

Report: Lynda.com Tops $70M In Annual Revenues

socalTECH

The new revenue numbers came via TechCrunch. READ MORE>>. lynda instruction online video help tutorial education

“Built In L.A.” Releases Its First Los Angeles Digital Startup Report

Tech Zulu Event

As we reported earlier, Built in L.A., It is hard to keep up with the newly formed companies and deals. Built In L.A Board Member.

Report: Snapchat Looking To Raise $4 Billion In IPO

socalTECH

Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. The report cites "people familiar with the matter" for the information. READ MORE>>.

Report: Hulu Hires Guggenheim Partners To Sell Company

socalTECH

A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.

Los Angeles Accelerator Report Card: Too Early To Tell

socalTECH

For our first measure, we tabulated the venture capital raised by accelerator firms --that is, companies that are tied to local accelerator/incubators.

Ross Levinsohn Named Head of The Hollywood Reporter

socalTECH

THR said that Levinsohn will be in charge of identifying new media businesses in which the global financial services company can invest -- or acquire.

Report: Honest Company Seeking CPG CEO

socalTECH

Los Angeles-based e-commerce provider Honest Company , which sells organic baby and beauty products, is looking to replace CEO Brian Lee with a veteran of the consumer packaged goods (CPG) market, according to a report. honest company employment consumer product goodsREAD MORE>>.

Silicon Beach Report Feb. 9: Brogan BamBrogan Starts Second Hyperloop Company

L.A. Business Journal

Brogan BamBrogan starts second hyperloop company, Greycroft raises $250 million fund, Wiredrive merges with MediaSilo, and more

Music Reports Inks Major Deal With Pandora

SoCal Tech Calendar

Woodland Hills-based Music Reports , which provides music rights administration services to the music industry, has inked a big deal with streaming music service Pandora. According to Pandora, it has tapped Music Reports to manage the mechanical licensing and royalty administration for its upcoming interactive streaming service.

Resonant Reports Contract Win

socalTECH

Goleta-based Resonant , which develops technology used for filters for radio frequency (RF) front ends, reported a win in Europe, via its Swiss subsidiary, GVR Trade SA. The company said that it signed a contract with EuroStars to fund a multi-year project for the development of sensors for new medical applications. READ MORE>>.

Southern California Accelerator Report Card: Q1 2013

socalTECH

For our first list, we tallied the venture capital raised by portfolio companies of. companies in the last year. Our analysis.

Reports: Lumedyne Technologies Acquired By Google

socalTECH

San Diego-based Lumedyne Technologies , a developer of MEMs-based, inertial direction sensors, has quietly been acquired by Google , according to multiple reports. The deal reportedly happened in November, and was worth $85M. The company was founded by Brad Chisum and Dr. Richard Waters. READ MORE>>.

Report: Western Digital, Other Hard Drives Compromised By Spy Group

socalTECH

A report, published this morning, says that hard drives from Lake Forest-based Western Digital , as well as those from fellow hard drive companies Maxtor, Samsung, IBM, Micron, Toshiba, and Seagate--had secretly been compromised by a secretive hacking group linked to the US intelligence community. READ MORE>>.

IBM 32

Silicon Beach Report Dec. 19: Rubicon Project Tests Tool to Block, Snooze, or Like Ads

L.A. Business Journal

Rubicon Project tests tool to block, snooze, or like ads, Snapchat gives celebrities no special treatment, and Elon Musk proposes a tunneling company

San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship.

Report: Los Angeles, New York Better For Female Founders

socalTECH

A report, issued earlier this week by venture firm the Female Founders Fund , says that Los Angeles, and New York, are better markets than Silicon Valley to find funding for female founders. READ MORE>>. female founders investment entrepreneur founded venture capital