L.A. Business Journal
OCTOBER 12, 2016
SolarReserve announced on Tuesday that it would build ten solar thermal plants on a Nye County site about 225 miles northwest of Las Vegas for $5 billion.
socalTECH
OCTOBER 12, 2016
Irvine-based enhanced voicemail developer YouMail , in a move to extend the technology it has developed for its own apps, has opened up a new API to the company's robocall blocking technology to third parties the company said on Tuesday. YouMail said has launched a new application programming interface (API) which will allow telecom carriers, private branch exchange (PBX) providers, and third-party developers to determine if a phone number is a robocaller--all based on its database of hundreds o
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L.A. Business Journal
OCTOBER 12, 2016
SolarReserve to build $5 billion thermal solar project in Nevada, Snapchat picks Morgan Stanley and Goldman Sachs for IPO, Pluto TV Raises $30 million, and more.
socalTECH
OCTOBER 12, 2016
Three, Los Angeles area companies have been selected for a accelerator being run by Silicon Valley Bank and Mastercard, the companies announced this morning. SVB and Mastercard said it selected six startups for its Commerce.Innovated virtual accelerator, which is aimed at helping commerce, payments and fintech startups grow their businesses, including Santa Monica's Domuso , Santa Monica-based Earny , and Burbank-based Papaya.
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SoCal Tech Calendar
OCTOBER 12, 2016
Tuesday, October 18, 2016 -- Los Advertising Professionals Mix Mingle Network. Mix, mingle, and network with other advertising professionals. Find partners, meet new people, and do deals. See https://www.eventbrite.com/e/los-advertising-professionals-mix-mingle-network-tickets-28066064354.
socalTECH
OCTOBER 12, 2016
Nolan Bushnell , the longtime serial entrepreneur who founded Atari and Chuck E. Cheese, has launched another new company, this time in the virtual reality area. Bushnell's newest company, Modal VR , is aimed at the enterprise, virtual reality market, and will offer up both hardware and software for full body tracking and interaction in a VR environment.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
OCTOBER 12, 2016
Thousand Oaks-based Akriveia Therapeutics , a biotechnology startup focused on immuno-oncology, announced this morning that it has raised $7.5M in a Series A investment. The investment came from F-Prime Capital Partners. Akriveia Therapeutics said it is developing immunotherapeutic products that are specifically activated in the microenvironment of the tumor.
SoCal Tech Calendar
OCTOBER 12, 2016
Tuesday, October 18, 2016 -- Siemer Summit. Invite only. The Siemer Summit draws notable attendees from around the world for two days of unique presentations and relationship building with key players in the software and digital media industry.
socalTECH
OCTOBER 12, 2016
Los Angeles-based Edlio , a developer of a cloud-based, software product used by schools and school districts to build and manage school websites, has raised $40M in a funding round. The funding came from L Squared Capital Partners. According to L Square, the investment in Edlio will go towards sales and marketing, international growth, new product development, and strategic acquisitions.
Xconomy
OCTOBER 12, 2016
When California voters go to the polls on November 8, among the many issues they are expected to decide is Proposition 64. If a majority of voters vote yes, the initiative would legalize the recreational use of marijuana in the Golden State for adults aged 21 years or older. Some entrepreneurs, though, are acting as if Prop 64, known officially as the California Marijuana Legalization Initiative, has already passed.
socalTECH
OCTOBER 12, 2016
Torrance-based Phenomenex , a manufacturer and distributor of consumables for the life sciences market, said today that it has been acquired by Danaher Corporation. Financial terms of the acquisition were not disclosed. Phenomenex will remain in Torrance, and continue operating under its current brand, personnel, and site locations. Phenomenex has more than 700 employees and sells a broad line of consumables used in the liquid and gas chromatography market.
Startup Professionals Musings
OCTOBER 12, 2016
Does your business have a visible positive strategy, or do your customers and employees still see your primary focus as closing more sales and killing competitors? Certainly that has been the strategy of many companies, and has worked in the past, but today’s customers and workers are looking for more. They want relationships, positive experiences, and a win-win for society.
socalTECH
OCTOBER 12, 2016
Goleta-based radio frequency filter developer Resonant said on Wednesday that it has appointed a new Chief Financial Officer, replacing current Interim CFO Ross Goolsby. According to Resonant, it has hired on Jeff Killian, a longtime veteran of the semiconductor industry, to the CFO position. Killian was previously CFO of Cascade Microtech, where he had been CFO since 2010, up until its recent sale this year to FormFactor.
Both Sides of the Table
OCTOBER 12, 2016
I was asked to be the host at this year’s CoachArt Gala of Champions event on October 27th at the esteemed Beverly Hilton hotel. The goal is to raise money to help children with chronic illness get ongoing instruction in sports, art, music or whatever endeavor would help them get fulfillment in life. You can book tickets here (or make a donation if you can’t make the event) If you happen to live in LA (or in the Bay Area — we’re only an hour’s flight) I would love if you would consider attending
socalTECH
OCTOBER 12, 2016
Santa Monica-based venture investor March Capital Partners has re-upped on one of its portfolio companies, Redwood City-based E8 Security , which develops software used to analyze cybersecurity threats. E8 Security said on Tuesday that it has raised $12M in Series B funding, led by Strategic Cyber Ventures, and also including prior investors March Capital Partners, Allegis Capital, and The Hive.
Xconomy
OCTOBER 12, 2016
In the world of betting on the future, life sciences find themselves in a storm, with huge opportunities, like CRISPR gene editing, and immense obstacles, such as soaring drug prices, that call for leaders of extra intensity who are imbued with a sense of crisis. Most people agree that the life sciences today, more than 60 years after two cocky young men found a structure for DNA, point toward amazing things.
socalTECH
OCTOBER 12, 2016
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. The report said that JPMorgan Chas & Co., Deutsche Bank, Allen & Co, Barclays, and Credit Suisse will also be involved in the IPO effort.
socalTECH
OCTOBER 12, 2016
Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. The report today, from PandoDaily, follows an earlier report from the fashion industry which said that NastyGal was seeking a buyer for the company.
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