Mon.Jan 11, 2016

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WaiveCar Launches Ad Supported Car Sharing In Santa Monica, Venice

socalTECH

In an unusual twist for the car sharing market, a new, Los Angeles startup-- WaiveCar --said today that it has launched a new, mobile phone-driven car sharing program in Santa Monica and Venice, which lets drivers drive cars for free. The startup said the free car usage comes thanks to sponsors, who have plastered their advertising on the startup's automobiles.

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6 Prerequisites For Turning Your Passion Into Profits

Startup Professionals Musings

I meet many entrepreneurs with a real passion for their new idea, but unfortunately they don’t all realize that passion is necessary but not sufficient fuel to turn their idea into a successful business. The result is that far too few really great innovations ever get implemented -- or last more than a moment in the marketplace. First of all, passion needs to be surrounded by a host of other personal attributes necessary to survive the rigors of the long, hard journey to success.

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Illumina Launches New Company For Early Cancer Detection With $100M

socalTECH

San Diego-based life sciences equipment maker Illumina said over the weekend that it has launched a new company, GRAIL , to focus on early cancer detection via blood-based screening. As part of the effort, GRAIL has raised $100M in a Series A financing, led by Illumina and ARCH Venture Partners, and also including Bezos Expeditions, Bill Gates and Sutter Hill Ventures.

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Azure Security is Coming Up; And Here Is What it Means for You

Tech Zulu Event

Never has the job of IT professionals been as challenging as it is now. While the technology revolution has produced some remarkable advancements in computing, the higher level of access has come at the price of increased security risks. This is especially true when considering the fact that all interaction now takes place in a cloud-first, mobile-first world.

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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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Snapchat's Latest User: The White House

socalTECH

In a demonstration of the extensive adoption of Venice-based social messaging service Snapchat , the White House said that it has launched its own "Official Story" on Snapchat. The White House said that Adminstration will provide behind-the-scenes glimpses of the current Administration, and is part of an effort to provide the American people with a multitude of ways to engage with their government via social media.

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BioAtla Raises $45M For Antibody Therapeutics

socalTECH

San Diego- and Beijing-based BioAtla , a biotech startup focused on Conditionally Active Biologic (CAB) antibody therapeutics, announced over the weekend that it has raised $45M in funding. The funding came from the Global BIO Impact Fund (Global BIO). The funding is split between $15M in equity and an additional $30M in debt. BioAtla is led by Jay M.

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StartEngine Raises $5M For New Crowdfunding Effort

socalTECH

Los Angeles-based StartEngine has raised $5M in funding, according to the company, from SE Agoura Investment LLC (Aubrey Chernick). StartEngine, the onetime startup accelerator, has remade itself as an online, equity crowdfunding site, helping companies to raise money via crowdfunding. Chernick is the former founder of software company Candle Corporation, which he sold to IBM back in 2004.

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United Online Shuffles CEO, Again

socalTECH

Woodland Hills-based United Online announced this morning that it has named Jeff Goldtsein as a new, interim CEO for the company, replacing Howard Phansteil. Phansteil--who had only been CEO since November 18th--has resigned, although he will continue as a director and Chairman of the Board for the company. Goldstein was the former President of PriceGrabber, which he had led from April 2013 until its sale to Connexity last June.