Sat.May 25, 2013 - Fri.May 31, 2013

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As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

'By now you will likely have read Andy Dunn’s scathing post about Venture Capitalists in which he decries the industry’s masses. I read Andy’s post with a knowing smile on my face. After all, I am no stranger to the publicly expressing the frustrations of dealing with the downside of this industry as I wrote about in 2006 when I was an entrepreneur.

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Helping Consumers Name Their Own Price For Products, With Greentoe

socalTECH

'In real life, you can just about bargain a price for anything you want to buy--a car, a house, even that new stereo from your local electronics store. But, online, that''s not the case. To bring that ability to name your own price on products, Los Angeles-based Greentoe (www.greentoe.com) recently launched, allowing consumers to name their own price to retailers of everything from electronics to baby products.

Pricing 273
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How This Startup Turned An April Fools Joke Into Customers

InfoChachkie

'A version of this article previously appeared on Inc. Last week, Divshot turned a simple April Fool''s Day joke into a marketing coup, generating nearly 6,000 Tweets and over a thousand Beta customers. Unlike many viral marketing events, the company''s latest guerilla marketing stunt was not luck. As noted in Hacking Hacker News , the company previously dominated the mindshare of the web development community by facilitating the spread of a random posting on Hacker News.

Customer 195
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Play Nice!

Berkonomics

'When you were a kid, surely at one time or another, Mom or someone reminded you to “play nice” when you got a bit rambunctious with your friends. I was reminded about this by Mark Wayman, a friend and reader, who applied this statement to his recruiting environment. He called out those people who focus upon executives who burned bridges with threats and lawsuits, instead of just picking up their toys and moving on after a bad business breakup.

Startup 179
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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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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

'Rob Bailey is the CEO of DataSift. He wrote a post this long weekend on how he manages the board of DataSift. You should read it. In his post he asserts, “You get the VCs you deserve” and the corollary “You get the performance out of your board that you deserve.” His argument is as follows. Spend time building investor relationship long before you raise money. .

Tips 365
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FishAlerts Taps Esri Technology For Fishing App

socalTECH

'Newport Beach-based Great Outdoors Mobile and Redlands-based mapping and GIS software developer Esri said this week that Great Outdoors Mobile has released a new mobile app called FishAlerts! , which lets fishing enthusiasts tap into data on marine protected areas, weather, and tides based on GPS location. The new app uses Esri''s GIS and mapping technology as a key part of the app.

More Trending

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Teaching a Kid to Swim One Way or Another

Eric Greenspan

'This week I began a focused effort to teach my toddler to swim. We have a pool so it’s important he learns for safety. He’s a feisty little dude. When he doesn’t want to do something, he digs in his heels. He doesn’t want to learn to swim. He’s happy on the steps and in the hot tub. But I’m worried about his safety, so I have decided to push.

Bradbury 103
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What Would it Look Like if Elon Musk Pitched a VC Today?

Both Sides of the Table

'This week I attended the All Things D Conference in Ranchos Palos Verdes. It is always a stellar event. The good and great of the tech industry were there: Tim Cook, Sheryl Sandberg, Dick Costolo, Max Levchin, etc. But Elon Musk stole the show. I thought Michael Lazerow’s Tweet best captured the mood of the crowd. I’m sure you know, but Elon was the co-founder (and largest shareholder) of PayPal, the most important payment transfer technology of its era and still the most instrument

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SignNow Acquired By Barracuda Networks

socalTECH

'Newport Beach-based SignNow , a developer of mobile signature capture and document storage services, has been acquired by Barracuda Networks. SignNow was venture backed by Khosla Ventures and the Tech Coast Angels. Financial details of the acquisition were not disclosed. Barracuda Networks said the acquisition will help it strengthen its offerings in the cloud data storage market.

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7 Reasons Why Fun at Work Makes Winning Startups

Startup Professionals Musings

'I’m convinced that people who have fun at work are more innovative, as well as happier. I don’t have any big scientific studies to prove this, but in my considerable business experience, I haven’t seen many successes come out of a group of fearful pessimists or unhappy people. As I was looking through the literature, I did find evidence that many strong business leaders, like John D.

Startup 114
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Paul Kim | Alpha Trainer, Fitness, & LA Tech

Tech Zulu Event

'Summer is nearly upon us, so getting in shape is on everyone’s list right now. Paul Kim may be able to help you with that. He is a former body builder and a certified trainer. He created the Alpha Trainer, fitness app with an extensive customizable training program and was released on both the iOS and Android platforms earlier this May. Paul Kim is a man who was able to merge his love for fitness with his tech savvy abilities.

Startup 97
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Come Check Out a Very Important LA Tech Event on June 1st

Both Sides of the Table

'Tomorrow LA is hosting an important tech event - please consider registering and coming by. A special thanks to Jason Lehmbeck , founder & ceo of DataPop , a great LA startup of which I have been a long-standing fan, for championing this event and bringing it to my attention. A couple weeks back I laid out the tech case for Eric Garcetti for LA mayor.

CTO Coach 295
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Calacanis Opens Up LAUNCH Coworking Space In LA

socalTECH

'Los Angeles has one more co-working space today, thanks to entrepreneur Jason Calacanis. Calacanis announced Thursday that he has started a new, co-working space called LAUNCH co-work , which will support a dozen startups in a 10,000+ square foot space in Culver City. Calacanis said rents will star at $50 a desk/month for unfunded startups, and $350 a month for funded startups, and that companies who would like to participate in the space will need to apply for admission.

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8 Reasons All Angel Investor Money May Not Be Equal

Startup Professionals Musings

'A few angel investors have slipped or fallen from their lofty perch, so entrepreneurs must take great care to validate the character and reputation of every prospective investor. The entrepreneur’s tendency to be in a huge hurry to obtain the funding can end up being disastrous, and play into the hands of these less scrupulous investors. Many entrepreneurs believe all money is created equal.

Angel 105
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Consider Yurbuds for a Fit Father’s Day

Tech Zulu Event

'With graduation already here and Father’s Day almost upon us again this year, thoughts of what to get for dads and grads is on our minds once again. For those who are athletically inclined, have an active lifestyle or even just a tech geek, the Yurbuds IronMan Inspire Talk Sport Earphones with Inline Microphone are a gift worth considering. This microphone headset comes with specially designed earbud horns which are supposed to “twist and lock in place.” (Yurbuds TwistLock s

Google 97
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Local Clean Energy Business Plan Contest Awards $160,000

socalTECH

'A local, clean energy business plan competition started by the California Insitute of Technology (Caltech), the University of Southern California (USC), and the University of California, Los Angeles (UCLA) has awarded $160,000 in prizes in its latest competition. According to First Look West , three companies split the prize pool, including Pyri-E , which received $100,000 for its technology for harvesting waste heat; Chai Energy , which received $40,000 for its mobile phone app for monitoring

Draper 191
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Airpush Reaches $4M In Monthly Payouts For Mobile Ads

socalTECH

'Los Angeles-based mobile ad network operator Airpush said this morning that it has reached $4M in monthly developer payouts, and over 90,000 live apps using its mobile ad network. According to Airpush, those numbers are 100 percent growth since August of 2012. Airpush also said it now has approximately 140 employees split between its Los Angeles and Bangalore offices.

Mobile 180
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BitAngels Raises $6.7M For Bitcoin Investments

socalTECH

'A new, angel investment group, BitAngels , said this morning that it has raised $6.7M in funding to invest in Bitcoin startups--and also has launched three, physical locations to help incubate companies in the sector. The angel investment group--co-founded by Michael Terpin , a well known figure in the Los Angeles technology community--said it has more than 60 angels helping to support the effort.

Invest 178
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Babblr Takes On Tumblr Chat

socalTECH

'Babblr , a new startup developing browser chat extensions for Tumblr , said it has launched its Chrome extension this week, giving Tumblr users the ability to instantly chat with friends and followers from their Tumblr dashboard. The Costa Mesa-based startup said that its chat extension includes such features as group chat, profane language censorship, customizable settings, and more.

Blogging 176
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Retention Science Inks Tie With SAP

socalTECH

'Los Angeles-based Retention Science , the. developer of big data software for online marketing, has a new partner in its corner: enterprise software developer SAP. According to the company, it has been selected to be part of SAP''s Startup Focus Program, which provides technology, resources, and other support to companies in the big data and analytics space.

Commerce 174
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How WhoSay Is Connecting Celebrities Directly With Fans

socalTECH

'In a world where media empires are built off the back of the appeal of celebrities, those celebrities themselves often don''t benefit from that fan interest in their lives. However, WhoSay (www.whosay.com) is hoping to change that equation, and connect celebrities directly with fans. WhoSay has a number of high profile investors, including Amazon, Comcast Ventures, and Greylock, and was co-founded in conjunction with the Creative Artists Agency (CAA) We caught up with WhoSay''s CEO, Steve Ellis

Content 174
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Ad.ly Confirms Funding

socalTECH

'Los Angeles-based social, celebrity advertising startup Adly confirmed the company''s recent $2M funding round today, officially announcing the funding from GRP Partners and Siemer Ventures. Adly, which is led by Walter Delph, develops a social advertising platform which helps harness the power of celebrity to help brands engage with consumers via social media.

Funding 170
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Scopely Snags Another Zynga Exec

socalTECH

'Los Angeles-based mobile gaming firm Scopely said Thursday that it has snagged Reed Shaffner, the former General Manager at Zynga, as part of its product team. Scopely said Reed will head up the company''s product team. Scopely, which is headed by Walter Driver, has recently turned its attention to signing up third party developers. The company has been quite active in hiring away former Zynga executives, most recently hiring Andy Kleinman, another former Zynga GM, as its Chief Business Officer

Anthem 164
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Nimble Debuts iOS App

socalTECH

'Nimble , the developer of contact management software-as-a-service, told its users today that it has released a beta of a new, iOS application. The new app, which is available in the iTunes App Store, allows users to access contact information, search for contacts, view details and leads, add tasks and notes, and more. Santa Monica-based Nimble has develops contact management software which lets users better track their business contacts and contact activity, in addition to tracking social medi

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Amazon Gives Nod To Five Series

socalTECH

'Amazon Studios. the SoCal effort by Internet giant Amazon.com to develop and produce its own, original content, said this morning that it has given the green light to five series. Amazon said that comedies Alpha House and Betas, plus kids pilots Annebots, Creative Galaxy and Tumbleaf have all been given the green light to begin production on a full series of episodes for Amazon Prime Instant Video.

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ecoATM Lets Users Help Oklahoma Tornado Victims

socalTECH

'ecoATM , the developer of the used mobile phone recycling kiosks, said this week that it will allow consumers using its kiosks to donate to the victims of the recently Oklahoma tornadoes. In addition, the San Diego company said it will match all the donations by its users to the OK Strong Fund, which is providing relief to those affected by the May 19th and 20th tornadoes.

Help 153
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YouMail Updates iPhone App, Enhances Greetings

socalTECH

'YouMail , the developer of enhanced voicemail applications and services, has released what it calls a major update to its iPhone app. According to the Irvine-based company, the release revolves around improvements to the company''s greetings, the personalized voicemail greetings which have been a hallmark of the service. YouMail said the update makes the selection of greetings simpler and more intuitive.

Services 153
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Twitter Ramps Music Efforts--and Jobs--In LA

socalTECH

'It looks like Twitter is ramping efforts in Los Angeles, and is seeking a new Head of Music Partnership to lead a team based here to work with musicians, labs, radio stations, and digital music portals. According to a job posting by Twitter, the company is seeking someone to help it make Twitter valuable to the talent as well as to the operations and strategy of music labels, digital music services and events.

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olloclip Debuts New iPhone App

socalTECH

'Huntington Beach-based olloclip , the developer of the lens systems for the iPhone and iPod touch, is expanding into software, saying today that it has launched a new photo and video app designed to enhance the company''s clip-on-lenses. According to olloclip, the new photo and video app is free, and offers up editing tools for its lenses, including adjusting fisheye, wide-angle and macro photos captured with its lenses. olloclip''s lens system gives iPhone and iPod touch users the ability to c

Tool 149
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TenOneTen Invests In Weoutta

socalTECH

'Weoutta , a Silicon Valley developer of an application to help users discover and find events and things happening locally, has raised a funding round from newly formed Los Angeles investment firm TenOneTen , which was founded by David Waxman and Gil Elbaz. WeOutta raised funding from Google Ventures, David Morin, and TenOneTen, and also is backed by Data Collective, Crosslink Capital, and Eric Blachford.

Invest 147
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Peregrine Semiconductor In Deal With Murata

socalTECH

'San Diego-based radio frequency semiconductor developer Peregrine Semiconductor reported Thursday that it is in a collaborative sourcing deal with Murata. According to Peregrine, it is in a multi-sourcing arrangement for RF switches, where Murata has agreed to source a majority of its RF switching requirements from Peregrine. Financial details of the arrangement were not announced.

IP 147
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TubeMogul Adds To Funding For Video Advertising

socalTECH

'Online video advertising firm TubeMogul , which has operations in Los Angeles, said today that it has raised $10M in the second tranche of its Series C funding. According to TubeMogul, the funding was led by SingTel Innov8, and also included Cross Creek Capital, Digital Advertising Consortium, Foundation Capital and Trinity Ventures. TubeMogul said the new investment will go towards expansion of its services in Asia.

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SnapMD Adds Green Dot Investor To Advisory Board

socalTECH

'Los Angeles-based telemedicine startup SnapMD , which is looking to allow doctors and other healthcare providers to help patients via the web, has tapped a local investor for its advisory board. SnapMD said that Brian C. Smith was a founding shareholder of Health Net, Qmedtrix and GreenDot Financial, and is currently Executive Vice President at Verisk Health.

.Net 147
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Numecent Lands $13.6M For Cloud Software Technology

socalTECH

'Irvine-based Numecent has raised $13.6M in a funding round, the firm announced today, for its "cloudpaging" software, which helps deliver Microsoft Windows applications into the cloud. According to Numecent, the funding was led by T-Venture, the venture capital arm of Deutsche Telekom. Numecent, which is led by Osman Kent, said that its cloudpaging technology makes it easy to deliver any, Microsoft Windows application via the cloud, converting those apps into software-as-a-service.

Software 147
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X1 Discovery Secures Backing From Investors

socalTECH

'Pasadena-based X1 Discovery , the developer of enterprise e-discovery and search tools, has some new funding in hand, and has been ramping its efforts in the market. In a blog post Wednesday, CEO John Patzakis said that X1 hasd recently "enjoyed the support" of a number of investors, who have enabled the company to double down on its support of current customers and focus on development of its next generation search and discovery software.

Idealab 147
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Lastline Debuts Malware Analysis Software

socalTECH

'Santa Barbara-based Lastline , a developer of malware defense software for business, said today that it has debuted a new product. Lastline said its Previct analyst software is a malware analysis system, which provides threat analysis and forensic teams with visibility into malicious components. Lastline said its new software is build on the Anubis and Wepawet platforms.

Software 147