socalTECH

NOVEMBER 10, 2015

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. Snapchat--arguably, the most visible "unicorn" startup in Southern California--had been valued at $15 billion in its last fundraising round. It's unclear why Fidelity wrote down the value of its investment in the disappearing messaging service.

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Tech Zulu Event

NOVEMBER 10, 2015

TZ #TechCrawl is back this month and heading to Santa Monica as part of LA Startup Week ! Come take a tour of some of the hottest LA Tech companies located in Santa Monica! Starting Point. Swing by Expert Dojo to pickup your name tags. The first wave of crawlers will begin promptly at 6pm. Walking Diretions here: [link]. Powered by Bizzabo. Why not stop by for a quick beer, game, snack or just say hi at one of the many Silicon Beach tech companies from 6pm to 10:00pm?

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socalTECH

NOVEMBER 10, 2015

Sean Percival , who was once among Silicon Beach's most visible startup entrepreneurs and activists, is taking his experience starting companies in Southern California to Norway--as the head of a new, seed stage venture fund. 500 Startups said today that it is raising a $15M, seed stage fund for Norway, covering Stockholm, Copenhagen, and Oslo, which will be headed by Percival, who ran technology gossip site Lalawag, and also had served at Docstoc, Tsavo Media, Wittlebee, Science Inc., Mahalo, a

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Tsavo Mahalo Southern California Sites 148

socalTECH

NOVEMBER 10, 2015

Amazon.com said this morning that it has just launched restaurant delivery using its Prime Now app in Los Angeles, in select LA zip codes. Amazon said that the new service makes Los Angeles its third and largest city where it is offering up its restaurant delivery. The company said that right now, it is offering up delivery in Santa Monica, West Los Angeles and Venice, with additional neighborhoods including Culver City, downtown, and Hollywood coming online soon.

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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

NOVEMBER 10, 2015

Irvine-based cloud-storage provider Zadara Storage reports this morning that it has been selected by a German electricity and gas company, RWE, as a customer. According to Zadara, its Virtual Private Storage Array (VPSA) products have been selected by RWE to replace an existing, EMC installation, to support SAP and a number of other applications. Financial impact of the win was not announced.

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socalTECH

NOVEMBER 10, 2015

In the second, on-demand marketplace aimed at private jet travel to launch in the last few days, Los Angeles-based VolJet says it has launched a new marketplace, to help consumers book private jet travel. The startup, led by Susan Sloan, said it has created an online system which combines both private jet and commercial airline travel, aimed at luxury air travelers.

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Demand Los Angeles Pricing Startup 125

socalTECH

NOVEMBER 10, 2015

Playa Vista-based electronics accessory maker Belkin said this morning that it is launching a new line of in-car chargers, specifically aimed at high end, luxury cars. Belkin said its new Car Power Valet and Dual Car Power Valet chargers work on the iPhone, iPod, and iPad, and adjusts the amount of power needed using an embedded chip for those different devices.

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Belkin Design Company Companies 125

socalTECH

NOVEMBER 10, 2015

Aliso Viejo-based Microsemi reports this morning that the board of directors of PMC-Sierra has acknowledged the company's cash and stock offer for PMC is a "superior proposal", and is now looking at Skyworks Solution for a counter offer. Microsemi has offered up $9.04 in cash and 0.0771 of its common stock for eah share of PMC. Skyworks prior offer was $10.50 per share, all in cash for PMC.

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socalTECH

NOVEMBER 10, 2015

Lake Forest-based ReVision Optics , which is developing vision-correcting, corneal inlays, said it has reached a milestone in its efforts to win FDA approval. According to ReVision, the U.S. Food and Drug Administration (FDA) has accepted and deemed fileable the company's premarket approval (PMA) submission for its Raindrop Near Vision Inlay, which is aimed at correctig presbyopia.

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