Fri.Jul 31, 2015

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Boingo Wins Deal At University Of Houston

socalTECH

Los Angeles-based a href="[link] Wireless is extending its coverage into Houston's TDECO Stadium, in a deal with the University of Houston Department of Athletics. According to the University of Houston Department of Athletics, it has reached an agreement with Boingo to enhance the wireless service at TDECO Stadium, by using Boingo's Distributed Antenna System (DAS).

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HTC Spends Nearly $10M On A 15% Stake In Virtual Reality Platform WEVR

TechCrunch LA

HTC is planning to release its extremely well-received virtual reality headset Vive to consumers later this year, possibly in November. In the meantime, the Taiwanese company is busy building out its VR ecosystem. HTC disclosed that it spent almost $10 million for a 15 percent stake in WEVR, an open VR platform and community based in Los Angeles. Read More.

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FreedomPop Finds $10M More For Free Wireless Service

socalTECH

Los Angeles-based FreedomPop , the free broadband wireless and cellular services provider led by Stephen Stokols, disclosed Thursday that it has raised $10M more in a funding round. The funding came from Asian mobile carrier Axiata, as well as an un-named technology investor here in the U.S. The funding deal with Axiata includes an agreement to expand FreedomPop's services into Asia.

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8 Common Elevator Pitch Blunders, and How to Fix Them

Startup Professionals Musings

Every entrepreneur needs a value proposition statement for his or her startup that can hook potential investors and partners in less than a minute -- the short time you might join them in an elevator on the way to their offices. This may sound easy, but every investor I know is frustrated by wasted time listening to rambling, emotional pitches that are not to the point.

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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.

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Thrive Market Finds $30M For Online Healthy, Natural Food and Products

socalTECH

Los Angeles-based Thrive Market , which operates an online, membership-only health food service, has raised $30M in a funding round, the company said this week. The funding was led by Greycroft Partners, and also included Scripps network, Powerplant Ventures, and angels. Thrive Market offers up health food, bath and body products, kids and baby products, hoem goods and more on its online e-commerce site, with a focus on healthy and natural products.

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Building an International Following on YouTube

Tech Zulu Event

YouTube is an amazing video sharing site that is home to millions upon millions of videos from all over the world. There are many ways to become one of those famous YouTubers, but it does not come without hard work and dedication. A following is needed for a channel to become popular on YouTube. Sometimes the tips that mean the most when it comes to gaining subscribers are the most simple, such as being sure that the YouTube channel caters to more than one language.

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Sayer Raises $1.1M, Launches Social Polling, Predictions App

socalTECH

Los Angeles-based Sayer , a new mobile app startup, said Thursday that it has launched its social polling and predictions app, backed by $1.1M in seed funding. Sayer said its iOS app lets people share their opinions and make their own predictions on topical questions, and weigh in on different topics. Sayer is led by Patrick Davis. Source of the seed funding, which was received earlier in the year, was not announced.

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WEVR Gets $10M From HTC For Virtual Reality Tools

socalTECH

Los Angeles-based WEVR , which is developing virtual reality capture tools, has raised $10M in funding from HTC , HTC said Thursday. HTC said the investment vies it 15 percent of WEVR. HTC said that it paid $5.7782 per share for 1,730,642 shares of WEVR's Series B preferred stock. WEVR is led by Neville Spiteri, who previously was CEO of online interactive digital studio Wemo Labs, which was behind the online interactive title TheBlu.

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Amgen Names Warburg Pincus Exec to Board

socalTECH

Thousand Oaks-based Amgen announced on Thursday that it has added Fred Hassan, Partner and Managing Director at private equity investor Warburg Pincus, to its board. Hassan also was Chairman of the Board and CEO of Schering-Plough Corporation, and had served at Pharmacia Corporation, Ubjohn, Wyeth, and Sandoz Pharmaceuticals. Hassan also sits on the board of Time Warner, and has been on the boards of Avon, Bausch & Lomb, and Valeant Pharmaceuticals.

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Xencor Adds Board Member

socalTECH

Monrovia-based biopharmaceuticals developer Xencor announced this morning that it has appointed Yujiro S. Hata to its board of directors. Hata is currently the Chief Operating Officer at FLX Bio, and he previously was Chief Operating Officer at Flexuss Biosciences. Hata has also served at Onyx Pharmaceukticals, Enata Pharmaceuticals, Gneome Therapeutics Corporation, McKinsey and Company, and ImClone Systems.

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