Mon.Jan 23, 2017

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Report: Snap IPO To Be Fourth Biggest IPO In 10 Years

socalTECH

A new analysis of the IPOs from the last ten years, from Geckoboard, says that--if successful--the IPO of Venice, California-based Snap, Inc. will be the fourth largest IPO in the last 10 years, behind Alibaba, Facebook, and JD.com, and ahead of Twitter, VMware, and Renren. Geckoboard said it compared the 100 highest-valued tech companies that went public in the last decade to Snap's rumored IPO valuation.

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Silicon Beach Report Jan. 23: SpaceX Won’t Try to Land Its Next Rocket

L.A. Business Journal

SpaceX won’t try to land its next rocket, Snapchat implements rules to combat fake news and explicit content, and Southern California Edison seeks $570 million for electric vehicle programs.

SpaceX 100
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Western Digital Names New CTO

socalTECH

Irvine-based Western Digital announced this morning that it has named Martin Fink as its new Chief Technology Officer. Fink was most recently CTO and director of HP Labs at Hewlett Packard Enterprise. He had spent 30 years at HP and HPE. Fink replaces Steven Campbell, who Western Digital said will be departing the company to "pursue other opportunities".

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Ex-FDA Commish Califf Gives Props to Patient Groups—With Caveats

Xconomy

The nation’s former Food and Drug Administration commissioner Robert Califf, appearing for the first time since he resigned last week, told a Silicon Valley crowd this morning that the FDA will have to be flexible in coming years, allowing greater patient input into drug evaluation and leaning on outside watchdogs for help weeding out “imposters.” Califf’s brief appearance at a precision medicine conference near San Francisco comes as regulation across industries is in th

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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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Angeles Equity Partners Finds $360M For First Private Equity Fund

socalTECH

Los Angeles-based Angeles Equity Partners , a new private equity investor, said this morning that it has raised $360M in its first private equity fund. The fund, Angeles Equity Partners I, L.P., came from institutional investors, public and private pension plans, endowments, foundations, a sovereign wealth fund, and alternative asset managers, according to the new fund.

Equity 109
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8 Ways to Cure the Procrastination Habit in Business

Startup Professionals Musings

If you are a chronic procrastinator, or your work partner is one, there is never enough advance notice to get things done without a crisis. You can’t get things done on time unless you get started on time. Otherwise, your business and your career suffers, and you may never even see it coming. Luckily, this is a malady that can be cured if you are willing to make a few adjustments.

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Interview with Anna Barber, Techstars LA

socalTECH

Techstars (www.techstars.org) has a long history and record of success as a startup accelerator, with programs across the country and world--and recently opened up its third, Los Angeles program, Techstars LA. Techstars recently appointed Anna Barber as its Managing Director, so we thought we'd sit down and get to know Anna better. How did you get involved with Techstars?

Startup 109
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Aerie Pharmaceuticals Names New Research VP

socalTECH

Irvine-based Aerie Pharma has named Kristine Erickson, O.D., Ph.D., as its new Vice President of Clinical Research. Erickson was previously Senior Director Clinical Sciences Ophthalmology at Regeneron Pharmaceuticals, and also has served at Unigene Laboratories and Opthalmic Research Associates, in addition to experience at Tufts University Medical School, Boston University School of Medicine, and Harvard Medical School/Massachusetts Eye and Ear Infirmary.

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Source Photonics Sold By Francisco Partners

socalTECH

West Hills-based optical components maker Source Photonics , which was owned by Francisco Partners , has been sold, to a private equity group led by Redview Capital and Asia-IO, and also including TR Capital, Axiom Asia and Aberdeen Asset Management. Financial terms of the acquisition were not announced. Francisco Partners acquired Soruce Photonics in October of 2010, from MRV Communications.

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