Berkonomics
JANUARY 19, 2017
Many of us make it a priority to find and partner with companies that can add to our offering or extend our reach. And we rightly celebrate each such pairing, often with a mutual press release. And sometimes that’s all we end up doing. Call it a “press release partnership.” Or an opportunity missed. Or a relationship not nurtured. Finding a supplier, distributor or other partner is the easiest part.
socalTECH
JANUARY 19, 2017
For today's youth, it's often hard to figure out what they want to do in life--according to Deborah Ramo , Founder and CEO of Los Angeles-based Amavitae (www.amavitae.com). To help fix that, the startup has created a mobile app to guide people through their strengths, interests, key skills, and more to guide them along the way to a career they'll love.
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L.A. Business Journal
JANUARY 19, 2017
Fred Walti, the founding chief executive of the Los Angeles Cleantech Incubator, is stepping down after six years at the helm, Los Mayor Eric Garcetti announced Thursday.
socalTECH
JANUARY 19, 2017
Los Angeles-based Two Bit Circus , the STEM-focused, entertainment company led by Brent Bushnell, has raised $15M in a Series B funding round, the company said Thursday morning. The funding was led by JAZZ Venture Partners, and also included Foundry Group, Techstars Ventures, and Intel Capital plus new investors Dentsu Ventures, Georgian Pine and others.
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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.
L.A. Business Journal
JANUARY 19, 2017
Two Bit Circus raises $15 million to launch amusement park, Nasdaq and New York Stock Exchange fight to host Snap Inc.’s IPO, and Hyperloop One hires former Uber, Google executive as CFO, and more.
socalTECH
JANUARY 19, 2017
MATCHCo , a developer of a mobile app which helps users match their skin tones to cosmetics, has been acquired by Japanese cosmetics firm Shiseido. MATCHCo had its marketing and operations in Santa Monica, with engineering in Palo Alto. Financial terms of the acquisition were not announced. MATCHCo was founded by Dave Gross and Andy Howell in 2013, and launched its first app in November of 2015.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JANUARY 19, 2017
Los Angeles-based HyperLoop One , the advanced transportation technology developer led by Rob Lloyd, has named Brent Callinicos as its new Chief Operating Officer and Chief Financial Officer, the company said Thursday. Callinicos has been serving as a strategic advisor to the company since October. In an interview with the WSJ, Callinicos said he is coming on board as the company gears up for another funding round.
Xconomy
JANUARY 19, 2017
StockTwits, the Twitter-like social media platform for sharing stock market tips and ideas, has acquired San Diego’s SparkFin, a fintech mobile app for discovering and sharing stocks and other investment ideas. Financial terms of the deal were not disclosed. The common denominator in both companies is Howard Lindzon, the Wall Street trader and hedge fund manager who founded StockTwits in San Diego in 2008.
socalTECH
JANUARY 19, 2017
Los Angeles-based electric car maker Faraday Future rolled outs its first production vehicle, the FF91, at CES earlier this month, but had not announced pricing. However, a new report says that LeEco CEO Jia Yueting has said that the new FF91 will cost "less than $300,000"--a staggeringly high price tag for an electric vehicle. Faraday Future has not officially announced the expected pricing for the vehicle.
Xconomy
JANUARY 19, 2017
When you need cash to fuel your startup, it’s tempting to “think local.” The people with the strongest ties to you—relatives, friends, college roommates, running buddies, and co-workers—are the ones who believe in you. You’d probably turn first to them for financial support. Capital fronted by these folks might be the quickest, easiest cash you’ll ever collect—but you could end up paying a crippling price for it.
Xconomy
JANUARY 19, 2017
San Antonio — Cytori Therapeutics, a San Diego, CA-based developer of drugs that use patients’ own fat tissues to make cellular therapies, is buying the assets of San Antonio-based Azaya Therapeutics in a mostly stock deal, with potential future payments that are dependent on the progress of two drug candidates Cytori is acquiring. Azaya shareholders are receiving $2 million in Cytori (NASDAQ: CTYX ) stock, though $500,000 of it is being held in escrow for 15 months.
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