Both Sides of the Table

JULY 1, 2015

__. faux·men·tum. fōˈmen(t)əm,fəˈmen(t)əm/. noun. when a technology startup, its investors or the market believe in robust growth rates writ large. “the ecommerce company gained fauxmentum by raising artificially high amounts of venture capital and spent lavishly on customer acquisition despite long payback periods and questionable LTV” __.

Startup 270

Startup Marketing Venture Capital Custom 270

socalTECH

JULY 1, 2015

San Diego-based Classy , which develops cloud-based software used by nonprofits for fundraising, disclosed that it has raised $18M in a new funding round. The funding came from Mithril Capital Management and Salesforce Ventures. Classy was founded in 2006 as StayClassy, and also counts Bullpen Capital and Venture51 as backers. Classy allows nonprofits to create fundraising campaigns for specific projects or year-round initiatives, with features such as leaderboards, user-generated media, team fu

Software 170

Software San Diego Mobile Capital 170

Startup Professionals Musings

JULY 1, 2015

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. That implies that a board of directors has no value to the founder, and is just another burden that to be assumed for the privilege of attracting outside investors or going public. In my view, nothing could be further from the truth.

Startup 103

Startup Entrepreneur Mentor Writing 103

socalTECH

JULY 1, 2015

Los Angeles-based NantHealth , one of the life sciences companies that is part of billionaire Patrick Soon-Shiong's NantWorks , has scored $200M in an investment from Allscripts , the two said Tuesday. According to the two companies, the investment gives Allscripts a 10 percent stake in Nanthealth. The two also said that NantCapital, the personal investment fund of Dr.

Los Angeles 135

Los Angeles Invest Funding Technology 135

Advertiser: Aggregage

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.

Company

socalTECH

JULY 1, 2015

Los Angeles-based parking app developer ParkMe said this week that it has released an update to its app software , and added Apple Pay as a form of payment for parking. ParkMe--which helps users find parking spots, and also lets users pay for parking at parking garages and paid parking lots--said the updated app supports Apple Pay on the iPhone 6, iPad Air 2, and iPad mini 3.

Los Angeles 125

Los Angeles Software Help Angel 125

socalTECH

JULY 1, 2015

San Diego-based DJO Global , a developer and manufacturer of medical products for the orthopedics area, said this week that it has acquired a number of assets from Zimmer Biomet Holdings. Financial details of the deal were not announced. The acquisition was made via DJO Global subsidiary Encore Medical L.P. DJO Global makes a wide range of medical products, including knee braces and other orthopedic devices.

Product 116

Product San Diego Acquisition Develop 116