Thu.Feb 23, 2017

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Will you be happy at your finish line?

Berkonomics

Have you figured out what you want to have, or to be, when you reach the end of your personal run in this business life? It is a fair question. Most of us work in our businesses, either as managers or owners, and rarely step outside to think about how this will end in a perfect world. Investors call this discussion “exit planning” and of course they include themselves in the.

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Los Angeles to Donate Rent-Free Space to Manufacturing Institute.

L.A. Business Journal

The city of Los Angeles is planning to donate rent-free space to the recently launched Clean Energy Smart Manufacturing Innovation Institute.

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AirMap Lands $26M In Series B Funding

socalTECH

Santa Monica-based AirMap , which is developing software and a service for airspace management for drones, has raised $26M in a Series B funding round, the company said this morning. The funding was led by Microsoft Ventures, and also included Airbus Ventures, Qualcomm Ventures, Rakuten, Sony, and Yuneec, along with prior investors General Catalyst and Lux Capital.

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Silicon Beach Report Feb. 23: DeviantArt Sold for $36M

L.A. Business Journal

DeviantArt sold for $36 million, AirMap raises $26 million in round led by Microsoft Ventures, and Disney laysoff 80 Maker Studio employees.

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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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Heal Plans Expansion To Four More States

socalTECH

Los Angeles-based Heal , which operates an on-demand service which schedules in-home housecalls from doctors, said on Wednesday that it plans to expand to four more states this year. According to Heal, it will start to offer services in select cities in Florida, Texas, New York, and Pennsylvania by the end of 2017. Heal says it has delivered 16,000 patient house call visits so far, since it started in February of 2015.

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SpaceX Dragon Captured By ISS; Docking Continues This Morning

socalTECH

NASA said this morning that the SpaceX Dragon spacecraft has successfully been captured by the International Space Station this morning, at 5:44 a.m. ET, as it was traveling about 250 miles over the west coast of Australia. The spacecraft was captured by Expedition 50 Commander Shane Kimbrough of NASA and Flight Engineer Thomas Pesquet of ESA (European Space Agency) using the ISS's robotic arm.

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Rubicon Project Sets Tech Veteran David Day As CFO

socalTECH

Los Angeles-based online advertising marketplace operator Rubicon Project said Thursday morning that it has named David Day, who has served as interim CFO since May of last year, as its Chief Financial Officer. Day had been Chief Accounting Officer at Rubicon Project since March of 2013. Day reports to Rubicon Project's founder and CEO, Frank Addante.

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Skyview Capital Sells Off Syncplicity

socalTECH

Los Angeles-based private equity investor Skyview Capital has sold off portfolio company Syncplicity , a developer of enterprise file sharing and synchronization software, to Axway. Financial details of the sale were not announced. Skyview Capital had acquired Syncplicity from EMC back in July of 2015. Axway is based Paris, France. Skyview says it focuses on acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufactur

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SpaceX Dragon Successfully Docks With ISS

socalTECH

Hawthorne, California-based SpaceX has successfully docked its SpaceX Dragon cargo spacecraft to the International Space Station on Thursday morning at 8:12 a.m. EST, after a successful launch earlier this week. NASA said the hatch between the spacecraft and the ISS Harmony module is scheduled to be opened later this afternoon. The SpaceX Dragon is expected to spend about four weeks at the ISS, according to NASA.

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Blurr Moves From Boston, Sets Up Shop In LA To Tap Into Social Media Scene

socalTECH

Blurr , a social media app developer focused on communal photo sharing with users around you, has relocated to Los Angeles from Boston. The startup, which offers up an iOS app, said that Los Angeles was a "far better place" for the company, specifically citing such local Los Angeles companies as Snapchat , Tinder , musical.ly and Flipagram. The company said called LA the "epicentre for Social-Media startups", and also cited the city as likely to have "the best talent" for a social products start

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OSI Systems Sells Off European AED Product Line

socalTECH

Hawthorne-based OSI Systems said late Wednesday that it has sold off its German healthcare subsidiary, Metrax GmbH (Primedic), and its associated Automated External Defibrillator (AED) product line, in a deal worth $12.38M. OSI Systems had acquired Metrax in 2014 for approximately $7.94M (7.5M euros). Metrax/Primedic had sold automated external defibrillators outside the United States.

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Tx Zhuo On LA's Newest Venture Fund, Fika Ventures

socalTECH

Last week, Fika Ventures , LA's newest venture fund, announced its formation, led by tech investment veterans Tx Zhuo and Eva Ho. We sat down with Tx Zhuo to chat about the new fund, what investments it hopes to make, and what kind of entrepreneurs the fund is looking to invest in. Tell us a bit about the new fund? Tx Zhuo: The new fund is going to be focused on seed stage investment, and is pretty similar to what we have done in the past.