May, 2015

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The Hardware behind the Results of Framework Benchmarks Round 10

TechEmpower

By Jeffrey Papen, CEO and Founder, Peak Hosting. At Peak Hosting , we're big fans of TechEmpower's Framework Benchmarks, an open source project the company has been coordinating since early 2013. Covering a wide variety of web application frameworks, this project gives developers useful data that can help them find the framework that will provide the performance and features they need for their application.

Framework 218
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One Simple Paragraph Every Entrepreneur Should Add to Their Convertible Notes

Both Sides of the Table

I’m so tired of seeing young entrepreneurs get screwed by their angel investors on convertible notes and I know I can’t convince you not to do it so I’d like to offer one simple bit of advice to help you avoid getting screwed (at least on one part of your note). When you do a convertible note with a cap that converts into the next round of funding one of the unintended consequences is that if you’re successful and raise at a larger price than your cap the early angels oft

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Premature scaling kills businesses.

Berkonomics

Venture capitalists sometimes make an error in directing their portfolio company CEOs to push resources to the limit and scale the business to immense size quickly, all to seize market share. The logic in this is simple: once a company has market share, other issues can be sorted out to monetize the market, make the company profitable, scoop up wavering competitors, or even sell the company to a larger firm looking for a large customer base.

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Snapchat At Funding Trough Again, Raising $650M

socalTECH

Venice-based Snapchat has raised $537.6M more--part of an ongoing $650M funding round--as the instant messaging app developer continues to break Southern California records in both total funding and valuation. According to a regulatory filing, the latest funding round had its first funds committed in February, and so far has 35 investors. The new investors reportedly include Alibaba, Fidelity, York Capital, and Glade Brook Capital, and the funding has widely been reported at valuing the company

Snapchat 135
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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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This Remote Working Experiment Failed And Succeeded – At The Same Time

InfoChachkie

A version of this article previously appeared in Forbes. Self-aware startups often learn more from their failures than from their success. Timehop , the photo album for the digital age, is no exception. Created by Jonathan Wegener and his Co-Founder Benny Wong, the company has over 16M+ users. To put this in proper perspective, more than twice as many people access Timehop each day than read the New York Times.

Tool 162
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Chapter 8.2: Rejection is G-d’s Protection

Eric Greenspan

In my Chapter 8.1 post I shared with you a story of my electric car (Chevy Volt, not the Tesla!) purchase. I was a week past my chapter 7 bankruptcy and my goal was to get back on the horse and start building credit immediately. Additionally, the car I traded was financed by my ex and it was in her name. I needed that to change, so did she. I knew big interest rates and a lot of work were in store for me, but I went for it.

Startup 151

More Trending

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What is The Best Way to Explain Your Startup?

Both Sides of the Table

Anybody who reads the blog regularly will know that I’m long video. I’ve made 5 investments in the sector and I hope to make 5 more. Between the US & Europe alone the video sector is worth around $500 billion. And TV / Film / Video Games / Virtual Reality / Augmented Reality and frankly the Internet will all merge. Western countries watch > 5 hours of TV per day.

Startup 276
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5 Simple Steps to Executing the Plan

Berkonomics

It is all about execution. Waiting over a year to see results is too long, since your chance of mid-course correction is greatly reduced. To make the point, Harvard’s Robert Kaplan believes that less than 10% of corporate strategies are effectively executed. Ouch! If that is true, we are tolerant bunch. We carefully plan in long, dedicated sessions each year or so, then draw up a series of goals, strategies, tactics, objectives, targets, or whatever we want to name them.

Resource 166
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OpenX Wins Patch

socalTECH

Los Angeles-based programmatic advertising marketplace and technology developer OpenX has signed on local news site Patch as a customer, saying it has been named the exclusive provider of ad serving and monetization for Patch. OpenX said that Patch will use its programmatic technology platform across its properties, which reach over 17.4 million unique visitors.

OpenX 131
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What The Heck Are My Startup Options Worth?

InfoChachkie

A version of this article previously appeared in Forbes. When joining a startup, there are seven important questions you should ask in order to answer the question: “What the heck are my stock options worth?”. You just received a job offer from a startup which includes 50,000 stock options. That is wonderful…or is it? I reviewed and approved hundreds of employment offer letters at my various startups, all of which included stock option grants.

Startup 216
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The Ten Commandments for Entrepreneurs

Eric Greenspan

Years ago I began doing a presentation called Think Big for area high schools and colleges which included The Ten Commandments for Entrepreneurs. It became quite popular and I was asked to keynote my Think Big presentation for Women’s Economic Ventures. I was honored and knew my material mattered when I got hugs from several of the women after my talk.

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These 8 Groups of People Will Never Start a Business

Startup Professionals Musings

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” I always wonder what is more important to them on an ongoing basis than changing the world, since their startups usually never materialize.

Startup 114
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The Most Important Advice I Could Give You About Unicorns

Both Sides of the Table

*. Unicorns. The most overused word in the technology industry today. And they aren’t even f **g real. That is how absurd thing have gotten. No, I take that back. THIS is how absurd things have gotten: “I have to raise at a billion-dollar valuation” “Why? You don’t have the revenue or profit to support that valuation.” “But if I don’t I won’t be able to recruit the best people in the market.

Startup 290
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Fish in the giant ocean – not in a shallow creek.

Berkonomics

This is like a Hans Christian Anderson parable, but aimed at you and your business… There are big fish and small fish, potential customers, all swimming in the sea that is your potential marketplace. You, the lonely fisherman, have to weave a net to catch your fish. Should your net be large and bulky, requiring more effort and expense to weave? Or should it be small and delicate, to catch those fish that would otherwise fall through the net?

.Net 196
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TigerText Signs Chicago Customer

socalTECH

Santa Monica-based secure messaging app developer TigerText , which provides secured text messaging for the enterprise and healthcare markets, has signed up a customer in Chicago. TigerText said that Chicago Cardiology Institute (CCI), which treats cardiovascular disease in Illinois, has deployed the company's secure messaging products as part of a HIPAA compliance effort.

Custom 178
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Why Selling To The Government Can Destroy Your Startup

InfoChachkie

A version of this article previously appeared on Forbes. The US Postal Service pulled off another debacle with the Maya Angelou stamp. Their task was simple. Combine a photo of Ms. Angelou with one of her more memorable verses. Instead, the coupled her image with text written by Joan Walsh Anglund. <break here> Twice Isn’t Charming. Hey, everyone makes a mistake.

Startup 162
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Los Angeles – Tech.Co’s Startup of the Year Online Competition

Tech.Co

Make some noise Los Angeles because it’s time to compete in Tech.Co’s Startup of the Year Competition! Tech.Co has been traveling the globe, both virtually and physically, searching for the world’s best startup, and the Tech.Co’s Startup of the Year Competition & Tour’s next stop is in Los Angeles! Winners will get the chance to compete in Tech.Co’s Startup of the Year Competition at Celebrate 2015.

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Be A Winning Entrepreneur In The New Sharing Economy

Startup Professionals Musings

The pervasive ability and need to communicate constantly and globally through the Internet and smartphones is incenting everyone to get more out of their own assets and time, and capitalize on the idle resources of others. This new sharing economy is rapidly becoming the new business of sharing, with major winners already including Airbnb (rooms), Uber (rides), and Chegg (books).

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Here is The Best Data You’ll Find on the LA Tech Market

Both Sides of the Table

As an active investor in the Los Angeles technology market we’re always seeking to better understand the data and trends of why our market has grown so rapidly since 2009. We look for pockets of excellence where we may have skills that aren’t native in other markets or where our home town may have some unique skills or talents. Everybody now knows that LA produced SnapChat, Tinder and Maker Studios.

Marketing 254
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Driving Blind In The Real World With Oculus Rift

Tech Zulu Event

Wearing a specially designed Oculus VR helmet, driver Matt Powers races a real car in a menacing virtual world, while all the time driving blind to the real world. Castrol EDGE is stepping up their VR game by enlisting the creative technologist team of Glenn Synder and Adam Amaral who was brought in to develop the 360 experience. The post Driving Blind In The Real World With Oculus Rift appeared first on TechZulu.

Design 72
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Qualcomm Selects Startups For Robotics Accelerator

socalTECH

San Diego-based Qualcomm has announced the ten companies that are part of its first Qualcomm Robotics Accelerator , which is being held in San Diego and just started this week. Qualcomm said it selected Carbon Robotics , Cleverpet , Ctrl Works , Inova Drone , Reach Robotics , Skyfront , Sky Robotics , Skysense , Solenica , and Rational Robotics for the program.

San Diego 131
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Every Entrepreneur Has A Bob Dylan Moment – What’s Yours?

InfoChachkie

A version of this article previously appeared in Forbes. Young Al Kooper did not miss his Bob Dylan moment. When Al was invited by Producer Tom Wilson to sit in on Dylan’s Highway 61 Revisited, Mr. Wilson made it clear to Al that he was a backup guitarist. He told him to sit quietly in the control booth and be ready to play if Dylan wanted to explore an arrangement that required two guitars.

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The Story Behind Malauzai’s Apple Watch

Steve Reich

Here’s how the Malauzai team lauched a watch app in 40 days!

Mobile 43
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How To Find The Best City For Your Type Of Startup

Startup Professionals Musings

Even in this age of globalization and virtualization, the geographic area where you choose to live and work can still make or break your startup business. I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. get the attention of the market they choose.

Startup 109
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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

What I love about my job is getting to see teams of super-early-stage companies develop ideas that while raw have potential to make an impact on the market. I love the enthusiasm, the boundless energy and the sense of possibility that comes from having an idea that hasn’t yet been beat up in the marketplace of competing ideas, customer contracts, VC skepticism, jaded journalists or fickle consumers who are on the The New, New Thing.

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Internet of Things (IoT) – What’s Next in Automotive?

Tech Zulu Event

Do you remember movies about the future where everything is controlled by machines? Look back at the Skynet computer from The Terminator, V.I.K.I from I, Robot or Alice from Resident Evil. Seems terrifying, right? In each movie, the computer evolves and takes control of everything. But don’t you find this story rather similar to what we are witnessing now?

Google 86
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GumGum Gets $26M In New Funding

socalTECH

Santa Monica-based GumGum , the online image-based advertising startup led by Ophir Tanz, has raised a big, $26.0M round this morning, from Morgan Stanley Expansion Capital, along with NEA, Upfrot Ventures, First Round Capital, and the company's other exiting ivnestors. According to the firm, the funding will go towards expansion into international markets, to strengthen its R&D, and continue development of its products.

Funding 125
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Amazon Makes Prime Same Day Delivery Free In Los Angeles

socalTECH

E-commerce giant Amazon.com is expanding free, same day delivery in Los Angeles, to members of its Prime service, as part of a broader expansion if its same day delivery services. According to Amazon, it is now offering up free, same day delivery to customers in New York, Los Angeles, Chicago, Dallas, San Francisco, and other cities, removing what had previously been an added fee service.

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Broadcom Acquired By Avago For $37 Billion

socalTECH

Irvine-based semiconductor maker Broadcom and Singapore-based Avago Technologies said this morning that Broadcom has agreed to be acquired by Avago in a deal worth $37 billion. Avago will pay both cash and stock for Broadcom. The two companies said the acquisition will create a company worth $77 billion in enterprise value and with $15 billion in combined annual revenues.

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Broadcom Gets Win In South Korea

socalTECH

Irvine-based semiconductor developer Broadcom said this morning that it has scored a design win in South Korea. According to Broadcom, KT Skylife, which is a satellite broadcast provider in South Korea, is deploying an Ultra HD set-top box build on one of its chips. Broadcom said the set-top-box offers up 4K/Ultra HD satellite video, and is based on its BCM7376 chip.

Design 135
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Kareo Names Chief People Officer

socalTECH

Irvine-based Kareo said Wednesday that it has hired on Pam Perry as the company's new Chief People Offier. Perry was most recently Vice President of Human Resources at Appriss, and also has served at Internet Technology Corp, CB Richard Ellis, Inc., Caremark LTD, and Pharmacia, Inc. Kareo is a developer of cloud-based, medical office management software, and is led by Dan Rodrigues.

Resource 135
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Source Intelligence Gets Credit Facility

socalTECH

Carlsbad-based Source Intelligence > , a developer of platform for supply chain compliance efforts, has received a credit facility from Silicon Valley Bank, the company said this morning. Size and terms of the facility were not announced. Source Intelligence said the new funds will go towards accelerating growth of its supply chain compliance products and cloud platform.

Platform 125
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HelloTech: On Demand, In-Home Tech Support Via College Students Near You

socalTECH

Almost everyone of a technical bent in the technology industry is familiar with that old routine: your parents, your friends, and your neighbors inevitably calls you for free technical support. However, almost no one really wants to be that technical support person. Los Angeles-based HelloTech (www.hellotech.com) wants to be the service that you refer all of your friends and family to, instead--by offering up low cost, on-demand, in-home technical support.

Demand 153
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Mylife Recasts Itself As Personal Privacy Service

socalTECH

Los Angeles-based MyLife has recast itself as a provider of personal privacy services, launching a new home page and service Wednesday focused on offering up information on everyone and anyone. MyLife said it has created a new home page, and ability for anyone to run a search on anyone's reputation and reviews, letting anyone provide ratings and reviews of anyone else--either in their real name, or anonymously.

MyLife 125
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Snapchat Eyes IPO

socalTECH

Venice-based Snapchat , the high flying, high profile startup led by Evan Spiegel, is planning an IPO, according to Spiegel, who talked about the company's IPO plans at a conference on Tuesday. Spiegel said that an "IPO is really important" to the company. Spiegel did not give a timeframe for any IPO effort. The plans for an IPO are not a surprise, given the ultra high valuation that Snapchat has been getting in its latest private funding rounds.

Snapchat 132
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MANTA Instruments Finds Funding For Scientific Instruments

socalTECH

La Jollla-based MANTA Instruments , a developer of technology for characterizing nanoparticles, has raised a round of seed funding, from Triton Technology Fund. Size of the funding was not announced. Triton announced the funding this morning, and said MANTA will use the funding to accelerate commercialization of its scientific instruments. The company is part of the EvoNexus startup incubator, and is led by Rick Cooper.

Funding 125