Berkonomics
FEBRUARY 2, 2017
It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income tax audits. This insight addresses more the impact of such behavior upon the actions of employees and others who observe that behavior from a senior manager or owner of a business – and know that they cannot say anything about it without jeopardizing their jobs.
L.A. Business Journal
FEBRUARY 2, 2017
Snap Inc., parent company of ephemeral photo-sharing and messaging app Snapchat, has made public its $3 billion initial public offering of its stock on the New York Stock Exchange.
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socalTECH
FEBRUARY 2, 2017
Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness , has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government. GSA Schedules enable government agencies to bypass drawn out competitive bidding and contract negotiations for a pre-approved list of products, where pricing and terms have already been vetted and negotiat
L.A. Business Journal
FEBRUARY 2, 2017
Snap Inc. files for $3 billion IPO; discloses 158 million daily active users, concerns raised over cracks in SpaceX’s rockets, and Faraday Future sets sights lower, plans for smaller factory.
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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.
socalTECH
FEBRUARY 2, 2017
Among the massive trove of information in Venice, California-based Snap Inc. 's IPO filing on Thursday is the tidbit that the company more than tripled its number of employees in the last year, going from 600 full time employees on December 31, 2015, to 1,859 as of December 31, 2016. The company said in the S-1 that it expects headcount to grow in the foreseeable future.
SoCal Tech Calendar
FEBRUARY 2, 2017
Wednesday, February 8, 2017 -- Silicon Beach Networking Mixer. Every month we get together to network and mingle with local startup founders and their teams. Join our group to meet new people and participate in lively discussions with outstanding names in the silicon beach community See https://www.eventbrite.com/e/silicon-beach-networking-mixer-at-wurstkuche-in-venice-tickets-31584566288?
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
SoCal Tech Calendar
FEBRUARY 2, 2017
Wednesday, February 8, 2017 -- New FLOWE Wind Power Tech in SoCal. Clean Technology Council. FLOWE wind power uses spatial design to increase the efficiency of very small vertical turbine arrays. It solves large turbine issues like massive constriction and maintenance costs, increased area needs, eyesore complaints and accidental bird/bat fatalities.
socalTECH
FEBRUARY 2, 2017
San Clemente-based ophthalmic technology developer Glaukos Corporation says that Chris M. Calcaterra has been named its Chief Operating Officer. Calcaterra, who has been at the company since 2008, and has been serving as Chief Commercial Officer since he joined. He previously served at Advanced Medical Optics, Inc. Glaukos said that, in addition to leading global sales, marketing and reimbursement functions, Calcaterra will add oversight of manufacturing operations, facilities management and cli
Xconomy
FEBRUARY 2, 2017
Another major U.S. health insurer, UnitedHealthCare, has said it would cover the first-ever approved drug for the rare disease spinal muscular atrophy, a closely watched bellwether in the national debate over drug prices. While UHC’s policy is less restrictive than the one disclosed recently by rival insurer Anthem, UHC has nonetheless set limits and will only pay past an initial handful of doses if doctors can prove the drug is working.
socalTECH
FEBRUARY 2, 2017
San Diego-based Vividion Therapeutics , a biopharmaceuticals firm tapping into technology developed at The Scripps Research Insitute, has raised $50M in a Series A funding round. The funding was led by ARCH Venture Partners and Versant Ventures, and also included Cardinal Partners. The company says it has developed a novel drug discovery platform that applies chemical proteomics to treat major unmet clinical needs.
Xconomy
FEBRUARY 2, 2017
A team of decorated academic chemists in San Diego have been working since 2014 on a biotech startup that aims to find new drugs faster. The company now has a lot of cash in the bank and a well-known biopharma scientist to guide it. Vividion Therapeutics is launching with $50 million pledged from investment firms Arch Venture Partners and Versant Ventures.
socalTECH
FEBRUARY 2, 2017
San Diego-based NUVIZ , a developer of head's up displays for motorcycle riders, has scored a strategic investment round, the company said this morning. The funding came from Pierer Industrie AG, the parent firm of KTM Industries, Husqvarna Motorcycles, WP Suspension and Pankl Racing Systems. Size of the investment was not anounced, however, NUVIZ said it has now raised a total of $9M in equity and debt for its efforts.
socalTECH
FEBRUARY 2, 2017
Venice, California-based Snap Inc. , the parent company of Snapchat , has filed for its much anticipated IPO, saying in a filing late Thursday that it is looking to raise up to $3.0 billion in an IPO offering on the New York Stock Exchange, under the symbol SNAP. The IPO is being underwritten by Morgan Stanley, Goldman, Sachs & Co., J. P. Morgan, Deutsche Bank Securities, Barclays, Credit Suisse, and Allen & Company LLC.
socalTECH
FEBRUARY 2, 2017
Los Angeles-based Chrome River , a developer of expense management and invoice management software, reported what it said were record revenues in 2016, and its highest ever sales quarter in the final quarter of the year. The company did not disclose any numbers behind its announcement, however, to back that claim. Chrome River company has consistently ranked as one of LA's fastest growing companies in the Deloitte Fast 500 rankings, and had said in 2014 that it was expecting 2015 revenues of aro
socalTECH
FEBRUARY 2, 2017
Venice, California-based Snap Inc. , the parent firm behind Snapchat , has joined up with R/GA Marketing --which helps run the Dodgers Accelerator in Los Angeles--to launched a new startup accelerator, the R/GA Marketing Tech Venture Studio with IPG. The new accelerator says it will invest $120,000 in funding in comapnies in the accelerator for up to 6 percent equity, with a 100 day program to be held at R/GA's New York offices.
socalTECH
FEBRUARY 2, 2017
Can a mobile app make creating and designing your space as easy as posting a selfie on Snapchat or Instagram? West Hollywood-based Hutch (www.hutch.com) hopes so, with a new set of apps which let you take a picture of your new apartment or room, apply a filter for the style you like, and get back a recommendation and ways to buy furniture to make your new space exactly the way you want.
socalTECH
FEBRUARY 2, 2017
Mike Morhaime , CEO of Irvine-basd Blizzard Entertainment , called the Presidential executive order from this weekend an "incredible sharp contrast" from the company's values, in an email leaked to VentureBeat , saying that the company "strives for inclusion, embraces diversity, and treats one another with respect." Marhaime said those values are the "very foundation of what makes not just our company � but America � great.
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