Both Sides of the Table
FEBRUARY 12, 2010
Like many of you I’ve sat through my fair share of Board Meetings over the past decade. For the most part I’d call them Bored Meetings. The first 7 years I was running them and the past 3 years I’ve been attending them. Most board meetings aren’t as effective as they could be. Everyone has their own opinion on board meetings so you’ll get conflicting advice.
socalTECH
FEBRUARY 10, 2010
The UCLA School of Public Health is looking to tap into the power of social networks, in an attempt to encourage adolescents from 13 to 17 to take better care of their health. According to health care insurer Health Net and UCLA, the two are looking to study the use of Web-based, social media to improve preventative care and decrease emergency room visits among adolescents.
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Berkonomics
FEBRUARY 9, 2010
This statement could be considered controversial. We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. Now we explore the other side of that coin. Professional investors usually bring “smart money” to the table, defined as money that comes along with good advice and great relationships for corporate growth.
InfoChachkie
FEBRUARY 9, 2010
The man at left built the first personal computer. He also spearheaded a number of fundamental software breakthroughs, including creating the basic hardware / software architecture which resulted in the creation of the third-party personal computer (PC) software industry. If this gentleman was such a pivotal player in the early days of the PC revolution, why is he essentially unknown to most entrepreneurs under forty years old?
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.
Both Sides of the Table
FEBRUARY 8, 2010
This is part of my ongoing series on Raising Venture Capital. I often tell people that raising money is worse than getting married. I have to be careful in how that sounds because I love my wife and am happily married. But the truth is that in marriage if you’re unhappy you can at least get divorced (in most countries). Not so in venture capital.
socalTECH
FEBRUARY 11, 2010
San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Dmitry Shapiro, CEO of Veoh, did not respond to emails requesting comment, the PR firm listed on the firm's site said it no longer represents the company, and socalTECH was unable to reach anyone via phone at the company.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
FEBRUARY 9, 2010
By Evan Britton Each day, millions of internet users post updates on a variety of social networking sites. People make these updates to post what they are observing right now or give their opinion on something that is currently happening. Because of all of these updates, there is a wealth of real-time information on the web. This information is often relevant and useful for entrepreneurs and startups - so you need to understand the alternatives and implications.
Both Sides of the Table
FEBRUARY 7, 2010
This is the final part of my series on Entrepreneurial DNA that was originally published on VentureHacks. OK, it’s not really my final part. I started with a Top 10 list for Nivi (at VentureHacks), but I couldn’t cram it into 10 so it became a Top 11 list. I originally conceived it as the Top 11 things that I believe “all entrepreneurs need to succeed.&# If it stuck to this theme then I would stand by my top 11.
socalTECH
FEBRUARY 11, 2010
Los Angeles-based Mogreet , the mobile marketing and greeting card firm run by James Citron , said today that it has inked a partnership with greeting cards firm American Greetings , via the card firm's online division, AG Interactive. According to the two, AmericanGreetings.com will offer MMS greeting cards using Mogreet's mobile video marketing platform.
SoCal Tech Calendar
FEBRUARY 12, 2010
Thursday, February 18, 2010 -- ConnectOC Networking. Bringing OC's Professionals, Companies, Government Agencies, Networking Groups and Non-Profits together.one event at a time! See [link] (more).
Tech Zulu Event
FEBRUARY 10, 2010
This coming Friday and Saturday (February 12 & 13) TechZulu will be presenting The BIL 2010 Conference live. For those who may not know what BIL is: "the concept of the BIL Conference started in late November 2007, when Cody Marx Bailey proposed the idea of going out to Monterey, CA and crashing the TED Conference to Todd Huffman and Bill Erickson.
Startup Professionals Musings
FEBRUARY 11, 2010
Modern investors love to first read a two-page summary of your business plan, formatted like a glossy marketing collateral sheet, with text well laid out in columns and sidebars, and a couple of relevant graphics. This one had better grab their attention, or they won’t look further. You may have already found several articles, web pages, or books about writing the perfect executive summary.
socalTECH
FEBRUARY 10, 2010
Los Angeles-based Napster , the online music subscription service which is now owned by Best Buy, has been selected by Coca-Cola as part of a loyalty program. Coca-Cola announced that it would use Napster on Wednesday, as part of a itss My Coke Rewards loyalty program. The firms did not discuss financial details of the deal, however, Coca-Cola said that the deal will allow members to use their points--accumulated from buying Coca-Cola products--for access to MP3 and streaming music on Napster.
SoCal Tech Calendar
FEBRUARY 12, 2010
Thursday, February 18, 2010 -- 3D: Behind the Hype. iHollywood Forum. CES was awash with 3D announcements from consumer electronics companies, networks and studios. But how realistic are projections for the expansion of 3D into mainstream filmsand the home? Is Avatar's success a flash in the pan, or a harbinger of the future of filmmaking?A panel of topstudio and technology executivesseparates hype from reality in our first iHollywood Forum evening event of the year.
Tech Zulu Event
FEBRUARY 9, 2010
Leading the pack in iPhone (soon Android as well) app development, Mobile Roadie is a definitely a force to be reckoned with. Schedule, after reschedule, after reschedule we finally caught up with founder and CEO Michael Schneider. For those of you who may not know what Mobile Roadie is it's a simple and inexpensive service which enables you to build, manage and quickly customize iPhone and Android (coming in a week or so) applications to the App Store.
Startup Professionals Musings
FEBRUARY 6, 2010
If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort. The best alternative is always to get the business back on track, and sell it at a reasonable value, or do a normal closedown with full payout to vendors and investors.
socalTECH
FEBRUARY 9, 2010
A spinout of San Diego's Fallbrook Technologies , Viryd Technologies , announced today that it has raised $5M in an investment from a Chinese firm. Viryd, which is applying Fallbrook's continuous variable planetary transmissions to the wind turbine and energy market, said today that it raised funding from Ningbo Shentong Auto Decorations Ltd., a Chinese supplier of parts to the auto industry.
SoCal Tech Calendar
FEBRUARY 12, 2010
Thursday, February 18, 2010 -- CommNexus and The Mobile Software Development SIG Presents. Mobile Software Developers Speak! A Discussion on Android and Beyond. Android devices can be tricky, this event will introduce you to the concepts necessary to make it work. You will discover the trends on Android based devices including phones, tablets, desktops, and even microwaves.
socalTECH
FEBRUARY 9, 2010
Calabasas-based Gumiyo , a developer of mobile marketing applications for auto dealers and others, has released a new Facebook application. According to Gumiyo, the new, free, Facebook application called MyShowroom will allow retail automotive dealers to show their vehicle inventory on their Facebook pages. The firm said the application is part of its mobile marketing platform, which it provides to automotive dealers and others.
socalTECH
FEBRUARY 9, 2010
Los Angeles-based SOA Software , which develops service-oriented architecture (SOA) management software, said Tuesday that the firm is expanding its European operations. The firm said it has appointed Steve Pope as the firm's Vice President of Europe, and Simon Parker as Director Technology Europe, as part of an expansion in the region. Pope was most recently at AmberPoint, and also served at webMethods, Informix, and Forte Software.
socalTECH
FEBRUARY 12, 2010
Agoura Hills-based video game developer THQ and television channel Syfy said Thursday they will be jointly creating new concepts and intellectual property based on THQ's video games. According to the firms, the first move by Syfy will be the use THQ's de Blob franchise as the foundation of a new, Syfy Kids effort, focused on the youth market of 2-17 year olds.
socalTECH
FEBRUARY 10, 2010
Los Angeles-based Boingo Wireless , which operates a global network of Wi-Fi access points, said Wednesday that the firm now has applications for the "most popular" mobile marketplaces. The firm's applications, which are used for single sign-on to the firm's network of Wi-Fi providers, support Android Marketplace, Apple's App Store, Blackberry App World, Nokia OviStore, Sony Ericcson PlayNow, and the Windows Mobile Marketplace, the firm said.
socalTECH
FEBRUARY 10, 2010
The X Prize Foundation , the nonprofit which is managing a number of prize-based competitions to spur on scientific research and innovation, said Wednesday that it is launching a new lab program at the University of Southern Califonia Viterbi School of Engineering. According to the foundation, the new X PRIZE Lab@USC will include a semester-long course for undergraduates, enrolling students from both the School of Engineering and USC Marshall School of Business.
socalTECH
FEBRUARY 9, 2010
2tor , a New York-based firm with strong links to the University of Southern California and a local Los Angeles office, has raised $20M in a Series B funding round. The funding was led by Highland Capital, and also included Redpoint Ventures, Novak Biddle Venture Partners, and City Light Capital. 2tor develops online degree programs for companies, including the University of Southern California's Rossier School of Education.
socalTECH
FEBRUARY 9, 2010
Santa Barbara-based Eucalyptus , which develops open source, cloud computing management software, has linked with a developer of scaling software for the Java programming language, Terracotta, the firms said Tuesday. According to Terracotta and Eucalyptus, the two will provide tighter integration between their respective software, and also engage in joint sales and marketing.
socalTECH
FEBRUARY 9, 2010
Los Angeles-based Oversee.net , which operates a network of businesses focused on domain name monetization and advertising, said today that it has linked with NameMedia , a developer and marketer of premium domain names. According to the firms, Oversee will join NameMedia's Domain Listing service, AfternicDLS.com, in order to expand Oversee.net's sales channels for its domain names.
socalTECH
FEBRUARY 8, 2010
Sony Online Entertainment , which is based in San Diego, said today that it now has over eight million players on its virtual world Free Realms. Sony's virtual world, which allows users to network with other people, and is also connected to the Free Realms trading card game, is targeted at families. The firm launched the site in April of last year. Tags: sony free realms virtual world online content game videogame social networking.
socalTECH
FEBRUARY 11, 2010
Irvine-based WebVisible , which helps local businesses place online advertising, has scored $20M in a new funding round, according to a recent regulatory filing from the firm. The round was led by Adams Street Partners, and also included Sutter Hill Ventures and Redpoint Ventures. No details on the funding have been released by the company. WebVisible is headed by Kristen Mangers.
socalTECH
FEBRUARY 10, 2010
Los Angeles-based GameFly , which operates an online video game rental service, has filed for a $50M in an IPO on the NASDAQ Global Market. The firm is looking to list under the symbol GFLY. The IPO is being underwritten by BofA Merrill Lynch, Piper Jaffray, Cowen and Company, and William Blair & Company. GameFly is venture backed by Sequoia Capital, Tenaya Capital, and a number of individuals, with Sequoia owning around 51.5 percent of the firm.
socalTECH
FEBRUARY 8, 2010
San Diego-based PatientSafe Solutions , a developer of software and bar code systems used for management of patient and workflow management in hospitals, has reported raised $30M in a new round of funding. The funding was first reported by VentureWire. The new funding was led by TPG Biotechnology Partners. PatientSafe was formerly known as Intellidot, and had raised capital from American River Ventures, Integral Capital Partners, Menlo Ventures, Psilos Group Management, Shea Ventures and Shoreli
socalTECH
FEBRUARY 8, 2010
Irvine-based Broadcom announced this morning that it has shipped a new, single-chip HSPA (high-speed packet access) baseband processor and radio frequency transceiver, targeted at the 3G smart phone market. According to the firm, the new chip is based on its 65 nanometer CMOS process, and is aimed at helping manufacturer build next generation 3G HSUPA phones.
socalTECH
FEBRUARY 11, 2010
Dmitry Shapiro , in a post on his personal web site, confirmed the Chapter 7 bankruptcy filing of San Diego- and Los Angeles-based Veoh Networks Thursday afternoon. In the post, Shapiro said in his post that "The distraction of the legal battles, and the challenges of the broader macro-economic climate" led to the bankruptcy filing. Veoh had raised over $70M in funding.
socalTECH
FEBRUARY 11, 2010
Irvine-based Netlist , a developer of memory subsystems for server market, said this morning that it has added another patent to its lawsuit against Westlake Village-based Inphi Corporation. The two firms are battling in court over a number of patents covering various memory interface technologies. Netlist said that its patent suit now includes newly issues U.S. patents 7,636,274 and 7,619,912, in addition to the original patent named in its suit.
socalTECH
FEBRUARY 10, 2010
Los Angeles-based venture fund Craton Equity Partners announced today that it has led an investment in Sacramento-based Propel Fuels , a retailer of alternative fuels for motor vehicles. Propel runs a number of alternative fueling stations in both Seattle and Sacramento selling biofuels and E85 ethanol. Craton said it invested $8M in Propel, alongside Nth Power and @Ventures.
socalTECH
FEBRUARY 9, 2010
Los Angeles-based IVT , the web casting firm run by Greg Pulier , has announced that it has raised $5.5M in a Series B funding. The firm said that the new funding for the company was led by Syncom Venture Partners, and also included investors Barshop Ventures, Monitor Ventures, and Tudor Ventures. Monitor and Tudor are prior investors in the firm. The firm said the new funding will go to expands its go-to-market efforts.
socalTECH
FEBRUARY 9, 2010
Redpoint Ventures , said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. The firm highlighted its recent exits of LifeSize, WiChorus, Kazeon, and Irvine's Network in Motion in the announcement. The firm said it now has over $2B in management.
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