Wed.Feb 10, 2016

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Pasadena Angels Release 2015 Investment Totals

socalTECH

The Pasadena Angels investment group released its investment totals for 2015 this week, saying that it has invested $4.9M across 27 deals in 2015, bringing its total invested since the group was started to over $65M in over 175 companies. The angel groups said thirteen new companies received investments from the group, including Orca Inventory Systems, Episona, Nailsnaps, Pasture Bird, Level27, Datum Security, Veristride, Connected Signals, granPad, Beatshare, Tallygo, Happy Desk, and Pick my So

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10 Survival Strategies From Winning Team Leaders

Startup Professionals Musings

Did you ever wonder why some entrepreneurs always seem to have all the luck and success, while others never seem to catch a break? As an angel investor, I quickly learned that luck has very little to do with it, and I now look for some personal characteristics and leadership styles that separate the potential winners from the losers. These differences are the reason that investors say that they invest in people, rather than ideas.

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Breather Plans Expansion Of On Demand Meeting Rooms To Los Angeles

socalTECH

Breather , which operates a network of meeting rooms, offices, and other spaces aimed at the flexible work space market, said it plans to expand into Los Angeles this year, as part of a national expansion. The company--which currently operates short term, on-demand meeting spaces in the Bay Area, Boston, New York, Montreal, and Ottawa--said it targets professionals, tech companies, business travelers, remote workers, creatives, and others looking for flexible meeting spaces.

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Going Green with Smart Home Technology

Tech Zulu Event

Did you know that more than 61 percent of American energy consumption goes to waste? That statistic alone shows that the U.S. is in dire need of a more environmentally conscious attitude. The good news is, if you really want to save the planet, you don’t necessarily have to sell your car and live off the land. You can start with a few simple changes in your very own home — and home automation can help.

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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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Patch of Land Gets $250M Commit From Loan Provider

socalTECH

Los Angeles-based real estate lending marketplace Patch Of Land said this morning that it has signed a deal with an un-named East Coast credit fund, to invest $250M in loans on its platform. Patcdh Of Land--which is led by Jason Fritton--said the deal calls for the credit fund to purchase loans in a "forward flow arrangement". Patch of Land provides loans to professional, real estate investors through its marketplace.

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Think about Performance Before Building a Web Application

TechEmpower

“It was running fine.” In our performance consulting work, we often hear variations of the following: “Our web application was running fine with a few hundred users. Now when we run a promotion with our new partner and get a thousand users coming in at one time, it grinds to a halt.”. We’ve heard this from startup founders, product managers, development team leads, CTOs, and others who see their product gaining traction, but simultaneously see performance falling off a cliff.

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What are the Technical Performance Requirements for your Startup?

SoCal CTO

By far the most popular post on this blog is 32 Questions Developers May Have Forgot to Ask a Startup Founder. It was originally written in 2011 and has had amazing staying power. While I’ve updated it a few times, it continues to get at important questions that startup founders need to be asking. I find myself sending it to startup founders all the time – maybe just slightly less than Free Startup CTO Consulting.

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Compendia Acquired By Community Investors Inc.

socalTECH

Escondido-based software developer Compendia , a developer of web portal software for the home builders market, has been acquired by Community Investors, Inc. , the two said today. Financial details of the acquisition were not disclosed. Compendia, which was founded in 1999, offers up web-based portals that home builders user to present information, warranties, manuals, and other information to home builders.

Guide 100
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Targus Sold To Senior Lenders In Asset Deal

socalTECH

Anaheim-based smartphone and computer case and accessory maker Targus Group International, Inc. (TGII) has been sold to a new investor group called Targus International LLC , made of TGII's senior lenders, the companies said Tuesday. The companies said the deal came through a public foreclosure process under the Uniform Commercial Code. The companies said that there are a number of unrelated, legal entities from TGII are filing for prepackaged Chapter 11 bankruptcy.

Company 100
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ViaSat, Eutelsat In Satellite Joint Venture

socalTECH

Carlsbad-based ViaSat and Eutelsat Communications are in a satellite broadband joint venture in Europe, the two said Tuesday, which will provide high speed Internet services in Europe. The two said they will initially use Eutelsat's KA-SAT high capacity broadband satellite, plus ViaSat's broadband technologies and consumer Internet Service Provider (ISP) business expertise in the venture, to launch a brand new, consumer retail service in Europe.

Services 100
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Apple Music Launches On Sonos

socalTECH

Santa Barbara-based music system maker Sonos said that it is rolling out Apple Music on its system starting today, letting users stream the entire Apple Music catalog through the company's controllers and speakers. Sonos has been testing support for Apple Music since December through a beta program. The Sonos integration includes support for Apple's "For You" music suggestions, access to curate radio stations, and other Apple Music features.