Thu.Jan 26, 2017

article thumbnail

You name the price; I’ll name the terms.

Berkonomics

I admit that my dad taught me this when I was just a fifteen–year old kid starting a business and negotiating with suppliers for the first time. But I learned it again and again in my various business lives. The most striking example was the one hundred–million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash.

Pricing 191
article thumbnail

Core Innovation Capital Announces $100M In Second Venture Capital Fund

socalTECH

Los Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. As part of the funding, the company said it has just made an investment in Fundera, a New York company which provides a service to help small business owners shop and compare personalized credit recommendations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silicon Beach Report Jan. 26: Jeffrey Katzenberg Raises Nearly $600M for New Fund

L.A. Business Journal

Jeffrey Katzenberg raises nearly $600 million for new fund, Cedars-Sinai names new accelerator class, and Hulu to debut virtual reality show.

Hulu 109
article thumbnail

TrueCar Names New Sales VP

socalTECH

Santa Monica-based TrueCar announced on Wednesday that it has promoted David Green to Senior Vice President of Major Accounts, within the company's Dealer Sales and Service Team. Green has been at TrueCar since 2015. Green previously served at Sonic Automotive and Showcase Honda in Phoenix. TrueCar said Green will oversee the company's dealer-client portfolio and also work with non-traditional enterprise clients.

Truecar 116
article thumbnail

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.

article thumbnail

AnaptysBio Adds More Shares, Raises $75M in Stock Market Debut

Xconomy

AnaptysBio is the first U.S. biotech company to go public this year, raising $75 million in an IPO intended to finance development of antibody-based drugs for inflammatory disorders. The San Diego-based company sold 5 million shares at $15 apiece—in line with the $14 to $16 per share range it set earlier this month—and is now trading on the Nasdaq under the symbol “ANAB.

article thumbnail

Cynvenio Inks Distribution Deal In Mexico

socalTECH

Westlake Village-based Cynvenio Biosystems , which develops diagnostic blood tests for cancer diagnostics, said it has signed a deal to distribute its tets in Mexico with Milenia Labs. The company said the deal covers distribution of its ClearID Breast Cancer testing product in Mexico. Cynvenio's ClearID Breast Cancer is designed for patients undergoing treatment for advanced breast cancer and those who require follow-up testing at regular intervals after completion of therapy, according to the

More Trending

article thumbnail

AnaptysBio Up Slightly In IPO

socalTECH

San Diego-based AnaptysBio , which develops antibodies for treating inflammation, has raised $75.0M in its IPO, and closed up slightly in its first day of trading on Thursday. Anaptys priced its IPO on Wednesday night at $15.00 per share, at the midpoint of its $14.00 to $16.00 estimated IPO range, and closed the day at $17.00 per share. AnaptysBio is backed by Frazier Healthcare, Novo A/S, Avalon Ventures, Alloy Ventures, Biotechnology Value Fund, HBM Healthcare Investments, and others.

Avalon 109
article thumbnail

Report: Keysight Technologies Planning Offer On Ixia

socalTECH

Calabasas-based network testing equipment and software developer Ixia is nearing a deal to be acquired by competitor Keysight Technologies , according to Reuters this week, citing "people familiar with the matter." Terms of the potential bid were not announced, and the report says that Keysight Technologies is not the only bidder on Ixia. Ixia's testing hardware and software is used by network equipment manufacturers, network operators, and others for testing, design, network deployment, and oth

Report 109
article thumbnail

Kopari Beauty Gets Private Equity Investment

socalTECH

San Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. Size of the funding was not announced. Kopari said the growth capital will go towards expansion of its brand, which is centered around the use of coconut oil.

Equity 109
article thumbnail

Cedars-Sinai Accelerator Names New Startup Class

socalTECH

The Cedars-Sinai Accelerator Powered by Techstars has announced the next class of startups to join the healthcare accelerator, saying this morning that it has added eight startups to what will be the second class for the program. The new startups include Cerebro Solutions , ENSO , FIGS , Frame Health , HealthcareTTU , HealthTensor , Noteworth , and ReferralMD.

Class 109
article thumbnail

Western Digital Quarterly Revenues Rise To $4.9 Billion

socalTECH

Irvine-based storage products maker Western Digital announced its second fiscal quarter results on Wednesday afternoon, saying that it saw revenues of $4.9 billion for the quarter, up from $3.3 billion a year ago. The company said it had operating income of $545M and net income of $235M, including charges associated with recent acquisitions. The company said there was "healthy demand" for enterprise hard drives, its NAND-based products, and hard drives in client applications, and a favorable mar

.Net 109
article thumbnail

Soothe Expands On Demand Massages To London

socalTECH

Los Angeles-based, on-demand massage service Soothe announced this morning that it has expanded its services to London, UK, offering up access to certified massage therapists in as little as an hour via its app. The company says its services are now available in 51 cities, across the United States, Canada, and now the UK. London is its first foray into the United Kingdom.

Demand 109