Fri.Feb 24, 2017

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Startups Open Arcades to Play Up Virtual Reality

L.A. Business Journal

Virtual reality startups open arcades to test how game consumers are for the medium.

Startup 230
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Insights: The Cryptic VC's Guide to Saying No On Investments

socalTECH

For this morning's Insights and Opinions section, where we feature the contributions of our readers, we have an article from Wiliam Hsu , co-founder and managing partner of Mucker Capital (www.muckercapital.com). He explains all the ways VCs say "no" without actually using the word "no". You can read the full article at The Cryptic VC's Guide to Saying "No" On Investments in our Insights and Opinions section.

Guide 147
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Canvassing of Art Website Yields $36 Million Deal

L.A. Business Journal

Israeli web development company Wix said last week that it had purchased popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.

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Ixia Shifts To 100 Percent Channel Sales

socalTECH

Calabasas-based network testing hardware and software developer Ixia said yesterday that it has shifted to a 100 percent, channel sales model for its enterprise customers. Ixia said the adoption of the model was made to show its "unwavering commitment" to its network of reseller partners. Ixia said it has more than 800 resellers who are part of its partner program.

Sales 113
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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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Silicon Beach Report Feb. 24: Aerojet Rocketdyne Buys Missile Maker

L.A. Business Journal

Aerojet Rocketdyne buys missile maker, Snap founders tighten grip on voting power in response to one investor, and how Nasty Gal fell from $85 million in sales to bankruptcy.

Report 113
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Esri, ArticDEM Project Release New Arctic Elevation Model Data

socalTECH

Redland-based GIS software maker Esri and the ArcticDEM project, a public-private partnership between the National Geospatial-Intelligence Agency (NGA), the Polar Geospatial Center, and Esri, has release a big storehouse of elevation data for the Arctic, the groups said this week. According to the NGA, the release of the elevation data is the largest to date for the project.

Resource 113

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MaxLinear Gets Design Win With Vubiq Networks

socalTECH

Carlsbad-based radio frequency and mixed signal integrated circuits maker MaxLinear has scored a design win with Irvine-based Vubiq Networks , saying this week that Vubiq is using one of its systems-on-a-chip for a new radio link product. MaxLinear said that Vubiq is using its MxL85100 baseband SoC for its HaulPass V10g radio link product. Expected shipping volumes of the product were not announced.

Design 113
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Toymaker Aims to Make Play for Chinese Market

L.A. Business Journal

In a move that appears to follow in the footsteps of rival toymakers Lego Group and Hasbro Inc., El Segundo’s Mattel Inc. partnered on Feb. 14 with Chinese e-retailer Alibaba Group to develop content centered on Mattel brands for Chinese consumers.

Marketing 100
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Shareability Names MomentFeed's Reed As Exec

socalTECH

Marina Del Rey-based Shareability , a startup which focuses on creating viral content, said this week that Rob Reed, the founder and former CEO of MomentFeed, has joined the company as Partner and Chief Revenue Officer. The company said Reed will oversee Sales and Marketing for the company. Shareability said Reed joined the company because "online video is the next big wave of marketing disruption and innovation".

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PAGE 3: Snapping to It

L.A. Business Journal

Evan Spiegel was in London for the Snap Inc. roadshow, offering up what one local paper called a “sleek presentation.

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Tinder's Mateen Makes Angel Investment In FOSSA

socalTECH

Justin Mateen , the co-founder and Chief Marketing Officer of Los Angeles-based Tinder , is one of the seed investors in FOSSA , a developer of open source license management software. FOSSA said Thursday that it has raised $2.2M in a seed funding round, which came from Bain Capital Ventures, along with angels Marc Benioff (Salesforce), Steve Chen (YouTube), Jaan Tallinn (Skype), Amr Awadallah (Cloudera), as well as Justin Mateen (Tinder).

Angel 113
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Breitburn Files for Extension on Reorganization; Judge to Rule on Bonus Pay.

L.A. Business Journal

Bankrupt Breitburn requests more time to file its reorganization plan.

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Nasty Gal's Fall From $100M A Year In Sales To Zero

socalTECH

Two publications this morning--the WSJ and the Los Angeles Times , have dissected the fall of Los Angeles-based NastyGal --once, one of the symbols of the rise of Silicon Beach--and how it went from nearly $100M a year in revenue to bankruptcy. NastyGal's Sophia Amoruso had started the company on eBay, took it to the venture market, but was unable to sustain its growth, or loyal customers.

Sales 113
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8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Most of the guidance you see for entrepreneurs is aimed at those who are selling a product (Apple, Tesla, Xiaomi), or selling a service (Uber, Airbnb, Snapchat). Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services.

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Bio Roundup: Trump Backlash, Verdine Plans, Sarepta Sale & More

Xconomy

A short week makes for a shorter roundup. As we’ve come to expect, however, there was no dearth of health and life-sciences news from Washington, D.C. A bipartisan group of Congress members who oversee health policy countered President Donald Trump’s encouragement of vaccine skeptics ; the real test will be the upcoming budget’s funding of Centers for Disease Control and Prevention vaccine programs.

Sales 49