Wed.Feb 03, 2016

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The Young Turks Sees Iowa Viewer Surge

socalTECH

Los Angeles-based political news site The Young Turks says that it saw record ratings for its live coverage of the Iowa Caucases earlier this week. The online news and politics show said it saw 256,000 unique views over the course of its seven hours of live coverage, which was the largest audience ever for a live broadcast for the company. The broadcast featured founder Cenk Uygur, plus Ana Kasparian, John Iadarola, Ben Mankiewicz, Jimmy Dore and Jordan Chariton.

News 159
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10 Tactics To Reduce Your Startup Success Timeline

Startup Professionals Musings

Businesses always seem to take longer to succeed than an entrepreneur expects. Seth Godin once said that overnight success in startups takes about six years, and Seth is an optimist. Thus we all look for shortcuts. Execution shortcuts would be hidden strategies to achieve the endgame sooner, without losing 40 to 60 percent of the financial potential along the way.

Startup 57
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5D Robotics Finds $5.5M For Robotics Navigation

socalTECH

Carlsbad-based 5D Robotics , a developer of positioning and navigation tools aimed at robot navigation, has raised $5.5M in a seed funding. Names of the seed investors in the company were not disclosed. 5D Robotics said its software uses data from GPS, LIDAR, IMU, odometry, vision, and UWB sensors for far more accurate positioning of vehicles than GPS alone.

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The Entrepreneurial Spirit: Are Entrepreneurs Born Or Made?

Tech Zulu Event

We have just lived through the greatest era of fake entrepreneurs. It was a second-wave dot-com boom that lasted five to six years, when money was so readily available ( many have referred to it as the Age of the Unicorns ) that it felt like anybody could get in on the “become-an-entrepreneur” game. People believed that raising several millions of dollars for a business meant that they were a successful entrepreneur.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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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. According to USC Marshall, it tallied up the numebr of startup companies with $1 billion valuations, as a measure of business activity, and found that Silicon Valley had 39 percent of Unicorns, followed by New York (9%), Beijing (6%), Los Angeles (5%), Boston (4%) and Shanghai (3%).

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Why Big Data Security is a Must (Even Before Big Data Use Cases)

Tech Zulu Event

The allure of using big data is undeniable for the business world. That’s why we’ve seen so many companies adopt big data solutions and platforms in recent years. Big data analytics provides unprecedented capabilities and insights as organizations spend more effort collecting valuable information about everything from customers to logistical concerns.

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The Bouqs Company Finds $12M For Flower Delivery

socalTECH

Venice, California-based The Bouqs Company , the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The funding brings the company's total raised to $20M. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates.

Company 116
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Kurion Acquired For $350M

socalTECH

Irvine-based nuclear waste remediation technology developer Kurion has been acquired by French company Veolia , in a deal worth $350M, the two companies said today, in a big exit for Kurion's venture backers. Kurion--which rose to prominence after being tapped to clean up radioactive water at the Fukushima Daiichi nuclear reactor in Japan in 2011--was venture backed by Firelake Capital, Lux Capital, and Acadia Woods Partners, and raised somewhat less than $5M in total funding.

Capital 109
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eHarmony Completes Final IT Infrastructure Update

socalTECH

Los Angeles-based eHarmony , the online matchmaking services provider, said yesterday that it has completed a major IT infrastructure refresh. The big push to update the company's systems--including what had been a old web, non mobile friendly UI--started four years ago, when the company pulled back founder Dr. Neil Clark Warren as CEO. The company said the refresh is the third phase of IT infrastructure plans it first announced in 2014.

eHarmony 109
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The Gores Group Buys VITAC Corporation

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Los Angeles-based private equity investor The Gores Group said Tuesday that it has acquired VITAC Corporation , a provider of closed captioning services for the media industry. Financial terms of the acquisition were not announced. VITAC Corporation had been owned by Merrill Corporation, and is based in Canonsburg, PA. Gores said the investment came via its Small Capitalization Partners investment fund.

Equity 109
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Cubic Completes $232.5M Acquisition of GATR Technologies

socalTECH

San Diego-based defense and transportation systems provider Cubic said Tuesday that it has completed its $232.5M acquisition of GATR Technologies , a manufacturer of satellite communications terminals. Cubic said the completion comes after receiving final Hart-Scott-Rodino regulatory approval on the deal. Cubic agreed to acquire GATR in December. GATR Technologies was based in Huntsville, Alabama, and sells its satellite terminals to the Department of Defense, intelligence agencies, and also com

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Final Draft Acquired By Cast & Crew Entertainment

socalTECH

Calabasas-based software developer Final Draft , which develops screenwriting software, has been acquired by Burbank-based Cast & Crew Entertainment Services. Financial terms of the acquisition were not announced. Cast & Crew said the buy will help expand its suite of technology solutions. The acquisition was supported by private equity investor Silver Lake Partners, which is the majority owner of Cast & Crew.

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LAC Group Gets Private Equity Investment

socalTECH

Los Angeles-based LAC Group , a provider of outsourced library, information, and knowledge management services, said today that it has received a private equity investment from TZP Growth Partners I. Size of the investment was not announced. LAC Group, which was founded in 1986, offers up outsourced library services to corporations, government agencies, law firms, financial institutions, and universities.

Equity 100
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mophie Acquired By ZAGG For $100M

socalTECH

Tustin-based mophie , the developer of cell phone cases and other mobile accessories, is being acquired by fellow mobile case maker ZAGG , the two said late Tuesday. According to ZAGG, it will pay $100M, plus earn out, for mophie, creating a new mobile accessory company with 2015 net sales of approximately $470M. mophie was led by CEO Daniel Huang. Zagg said that Huang and COO Shawn Dougherty will remain in their current roles throughout the earn out period.