Fri.Feb 26, 2016

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Spotting, Nurturing and Mentoring Talent – The Power of Troy Carter

Both Sides of the Table

I recently sat down with Troy Carter to talk about what he does and why he believes it is applicable to venture capital. The “what” is well known in LA circles – Troy discovered a little known young singer named Stefani Joanne Angelina Germanotta aka Lady Gaga and helped her launch her career. The “what” Troy Carter does also led him to be an early investor in Uber, Lyft, Dropbox, Warby Parker and several other great startups of the last era.

Mentor 202
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Three SoCal Startups That Beat Snapchat To $100M In Revenues

socalTECH

Venice-based Snapchat might be the darling of the technology startup scene, but there are at least three, privately held startups--and maybe, more--in Southern California who recently passed $100M in revenues, according to a look through recent announcements. Snapchat had reportedly been on track to hit a $100M run rate--a longtime milestone--in 2015, however, has not announced yet if it hit that goal.

Snapchat 160
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10 Steps To Profitable Strategic Business Decisions

Startup Professionals Musings

Most entrepreneurs are so overwhelmed by the day-to-day challenges of their business that they rarely take the time to work on longer-term strategy (they work in the business versus on the business). As a result, strategy decisions are made in the same ad-hoc crises style as operational decisions, and the business suffers. Gut reactions are rarely the optimal solution to any problem.

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Crexi Collects $4.3M For Commercial Real Estate Marketplace

socalTECH

Venice, California-based Crexi , a new startup which operates an online, commercial real estate marketplace, has raised $4.3M in a seed funding round, the company said this week. The funding came from Lerer Hippeau Ventures, Freestyle Capital, TenOneTen Ventures, Founder Collective, Karlin Ventures, Leon Capital Group and angels. Crexi, which was founded and is led by Michael DeGiorgio, said it has created a marketplace aimed at commercial real estate brokers, which helps them with everything fr

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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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Driver Monitoring Technology: Pros and Cons

Tech Zulu Event

Computer aided driver monitoring technology or Telematics is radically changing the future and outlook of the automobile industry. Telematics based insurance is also known in the industry as black box technology based on the way it works. In this new technology, a small black device gets attached to your vehicle for purposes of recording the speed, distance for purposes of tracking the vehicle in the event of an accident or theft.

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Medical Devices Pioneer Al Mann Passes Away At 90

socalTECH

Alfred E. Mann , the medical devices pioneer, investor, and philantropist, has passed away at the age of 90. Mann was Mann behind such companies as Mannkind, MiniMed, Second Sight Medical, Bioness, IncuMed, PerQFlo, RoundTrip, Advanced Bionics, Pacesetter Systems, and many other medical devices companies in Los Angeles, and was by far the region's most prolific creators of medical device startups.

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PatientSafe Solutions Names Cofounder As CEO

socalTECH

San Diego-based healthcare software developer PatientSafe Solutions said Thursday that it has named company co-founder Si Luo as its new CEO, in addition to his existing position as President. Reason for the shift was not given by the company. Luo replaces Joseph Conduroso, who left PatientSafe Solutions in November of last year. Conduroso had been at PatientSafe since 2011.

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Rincon Backs Software QA Developer

socalTECH

Santa Barbara-based venture investor Rincon Venture Partners is one of the investors in San Francisco-based Rainforest QA , which recently announced a $12M, Series A funding. Rainforest QA develops tools to help automate software quality assurance (SQA) tasks. Rincon Venture Partners was joined by Bessemer Venture Partners, which led the round, plus Industry Ventures, and Marc Benioff of Salesforce.com.

Software 109
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55Haitao Gets $15M For Chinese Shopping

socalTECH

Pasadena-based 55Haitao.com , a Chinese shopping site which acts as a forum and shopping guide for Chinese consumers, has raised $15M in a Series A financing, the company said today. The funding was led by JJ Capital, a Chinese venture capital firm. The startup--which is based in Pasadena, but has 90 percent of its customers from China--said the funding will help to fund its editorial content intiiatives and expand operations.

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Interview with Asher Hunt, Overnight

socalTECH

Are you one of those last minute travelers, who doesn't make any plans until the last minute for your trips--or with you didn't have to? If so, Los Angeles-based Overnight (www.joinovernight.com) is for you. The startup, which launched this week, is hoping to find both travelers and hosts who don't want to deal with long term plans, and who can respond immediately to finding and offering up a place to stay for the night.

Startup 109