socalTECH
JUNE 17, 2015
San Luis Obispo-based REC Solar has acquired solar provider Stellar Energy , in an asset purchase, the company announced this morning. Financial details of the acquisition were not disclosed. According to REC Solar, the move will help it expand in the commercial business market. Stellar Energy had provided solar power systems exclusively to commercial businesses.
Tech.Co
JUNE 17, 2015
I don’t like when people say: “I’m just not creative”. It doesn’t make me mad, but that’s my least favorite phrase in the world because I think it’s a cop out. I’m here to tell all of you out there who think creativity is some grand, innate talent that it’s not: it’s entirely learnable, and you’re all creative – you just don’t know it yet. There’s a team of Los Angeles entrepreneurs who would agree with me on that, and they launched their platform Kadenze to help people tap their creativity.
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socalTECH
JUNE 17, 2015
Westlake Vilage-based KYTHERA Biopharmaceuticals , the develoepr of aesthetic medicine products, is being acquired by Allergan in a deal worth $2.1 billion, the two companies said this morning. Allergan said it will pay $75 per KYTHERA share, split between 80 percent in cash and 20 percent in Allergan shares. Kythera is focused on the discovery, development and commercialization of novel prescription products for the aesthetic medicine market.
Startup Professionals Musings
JUNE 17, 2015
It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea. Thus, unless the visionary highlights a cofounder who can take the vision and execute, I assume the worst.
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.
socalTECH
JUNE 17, 2015
Westlake Village-based Cynvenio Biosystems said Wednesday that it has raised $25.5M in a Series B funding round. The developer of life sciences equipment, used to profile cancer cells circulating in whole blood, came from Livzon Pharmaceutical Group, along with Greenwoods Private Equity Funds and Syno Capital. Cynvenio is led by Andre de Fusco. Cynvenio said the deal includes an agreement o set up a Chinese joint venture with Livzon Pharmaceutical Group.
socalTECH
JUNE 17, 2015
Los Angeles-based Triton Digital , a provider of services to help radio stations and others stream digital audio and insert ads into their audio content, reported a win Tuesday with Emmis Radio. Financial impact of the win were not disclosed. Triton Digital says its technology will go towards monetizing content across 19 Fm and 4 AM radio stations owned by Emmis Radio.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 17, 2015
Los Angeles-based Iris.tv has raised $5.3M in a Series A funding, the startup disclosed Wednesday, for its development of a personalized video recommendation API and software toolkit. The funding came from Sierra Wasatch, BDMI, Progress Ventures, Allen DeBevoise (Mahinima), James Barge (Lions Gate), and others. The startup, led by Field Garthwaite, offers up its technology to video publishers, such as online entertainment, news, and sports sites, to better personalize the videos presented to vie
socalTECH
JUNE 17, 2015
Los Angeles-based free broadband service FreedomPop said this morning that it has raised $30M more in new financing, which it says will go to accelerate its growth in the U.S., and expand its free mobile service. The funding was led by Partech Ventures, and also included DCM Capital and Mangrove Capital. Mark Menell of Partech joins the company's board with the funding.
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