Sat.Oct 24, 2009 - Fri.Oct 30, 2009

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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). This is part of my ongoing series Startup Advice. I write this post as a warning to pick your VC’s carefully. I like to say to first-time entrepreneurs, picking a VC is more permanent than marriage. If you pick the wrong spouse at least you can get divorced.

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Fisker Automotive Buys GM Plant

socalTECH

Irvine-based Fisker Automotive , a venture backed startup developing electric vehicles, said today that it has acquired a dormant GM plant in Wilmington, Delaware, to build its plug-in hybrid cars. According to Fisker, the new plant will support the firm's Project NINA, affordable plug-in hybrid sedan. Fisker said production is scheduled to begin on the new car in late 2012, and will support 2,000 factory jobs and more than 3,000 vendor and supplier jobs by 2014.

Invest 196
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Los Angeles Technology Connector – Kurt Daradics

SoCal CTO

Kurt Daradics ( Facebook , @KurtyD , FriendFeed , MySpace , LinkedIn , Delicious ) (pronounced dare-a-dix) is a great guy to know. He recently co-founded CitySourced and I think Ben Kuo nailed him when he describes him as "a connector. someone who makes things happen, and knows everyone, and does his best to make the world a better place." Kurt has a great background in sales and marketing.

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Flip Flops Required

Eric Greenspan

As promised, today’s blog entry will be about our culture at Make It Work… Make It Work is a very unique company. Employees first, customers next is one of concepts and I recently learned that Virgin and Sir Richard Branson share this philosophy. Nice to know. Simply put, if your employees love their jobs, they will love your customers.

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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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Is it a Good Idea to Have Ads in Tweets?

Both Sides of the Table

Advertising has driven the majority of Internet innovation. My firm GRP Partners recently funded a young LA based company named Ad.Ly that is an “in-stream advertising&# company currently focused on monetizing Twitter. This has prompted many people to question whether advertising “in stream&# and on Twitter is a good thing or a bad thing.

Ideas 286
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Ceres Gets $4.9M Grant From DOE

socalTECH

Thousand Oaks-based Ceres , a developer of energy crops for the biofuels energy, has landed $4,989,144 in a grant from the Department of Energy, as part of a $151M effort to fund energy breakthroughs. According to the DOE, the funding--part of a effort called the Advanced Research Projects Agency-Energy (ARPA-E)--was part of a selection of 37 projects pursuing breakthroughs that could "fundamentally change the way we use and produce energy.

More Trending

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Flip Flops Required

Eric Greenspan

As promised, today’s blog entry will be about our culture at Make It Work… Make It Work is a very unique company. Employees first, customers next is one of concepts and I recently learned that Virgin and Sir Richard Branson share this philosophy. Nice to know. Simply put, if your employees love their jobs, they will love your customers.

Custom 100
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Technology Forum 2009 - Southern California

SoCal Tech Calendar

Thursday, November 5, 2009 -- Technology Forum 2009 - Southern California. The 'must attend' TECH event of the year, immerse yourself in business changing technology for the day with professionals from across the industry. See [link] (more).

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LeisureLink Raises $3.5M

socalTECH

Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M in a funding round. The round came to light through last week's PricewaterhouseCoopers/NVCA MoneyTree report. Details on the funding have not been announced by the firm. LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels.

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Read Write Web Video Interview with Kurt Daradics: CitySourced Brings Real-Time Tech to Enterprise & Government

Daradiction

My good friend and Roadtwip compani0n Jolie O’Dell took some time to interview me at the Read Write Web Real Time Summit a few weeks ago in Mountain View. It’s a good overview of what we’re doing with CitySourced. -. CitySourced Brings Real-Time Tech to Enterprise & Government. The real-time web isn’t just for social apps.

Writing 49
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To the Moon!

Eric Greenspan

If you’ve ever received an email from me, you’d know that I always sign my emails with “to the moon.&# Borrowed from the Honeymooners, I’m shooting for the moon in my business venture. There really isn’t much else to it. Just a reminder to myself of my goals and ambitions. I’m the CEO of Make It Work, Inc. We make stuff work “from computers to iPods to home theater.&# Our fleet of Mini Coopers are cruising all over Socal.

Blogging 100
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Emergency Management

SoCal Tech Calendar

Thursday, November 5, 2009 -- Emergency Management - Incident Management, Resource Management, and Supply Chain Workshop. Science and Technology Directorate, U.S. Department of Homeland Security. See https://www.enstg.com/signup/passthru.cfm?ConferenceCode=WOR77476. (more).

Resource 100
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SocialVibe Launches Halloween Charity Effort

socalTECH

Los Angeles-based SocialVibe , which develops charity-focused, brand web sites and social media applications, said this morning that it has launched a new effort to help charities raise money on Halloween. The firm said that it is launching a new program called Click 4 Good , geared towards Facebook, MySpace, and Twitter users, which allows them to visit a "virtual neighborhood" online.

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Kurty D’s Birthday Jam 9/19/2009

Daradiction

It’s a tradition. We jam out on my birthday. Click here to view the embedded video.

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To the moon (part 2)

Eric Greenspan

So, I’m starting to get the hang of this bloggin thing. I have to say, that it feels great to put my thoughts down in a place where I can get some critical feedback and hopefully not anger anyone in the process. I will keep it brief, but I wanted to add some more color to the week…here we go… I saw U2 this past Sunday night with the wife.

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7th International System-on-Chip (SoC) Conference, Exhibit and Workshops

SoCal Tech Calendar

Thursday, November 5, 2009 -- 7th International System-on-Chip (SoC) Conference, Exhibit and Workshops. The annual International System-on-Chip (SoC) Conference, Tabletop Exhibit, and Workshops has become the premier event for the engineering communities that are involved in new SoC, ASIC, ASSP, and FPGA-based designs or are working with Foundry Services on a worldwide basis.

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3Tera Upgrades Cloud Computing Software

socalTECH

Aliso Viejo-based 3Tera , a developer of cloud computing software and services, announced Thursday that the firm has upgraded its AppLogic cloud computing platform. According to the firm, the updated platform includes automated diagnostics and self-healing features, including ability to monitor and detect hard drives issues; automatic volume repair; improved server isolation; and soft restarts of the system. 3Tera's software is used to manage virtual data center services, including deploying web

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Follow CEOFlow on Twitter

CEO Flow

Here: www.Twitter.

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The Boss’ first posthhhhhhzzzzzzzzzzzzz

Eric Greenspan

ujx ch vh,lzh. Boss is Carson’s son, our next VP of Finance. He wrote this all by himself and he’s only one year old! Goes to show you that the younger they are, the better they are with technology.

Carson 100
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Wherever you go, there you are.

SoCal Tech Calendar

Thursday, November 5, 2009 -- Wherever you go, there you are. Innovative Methods and Applications that Use Location Positioning and M2M Technologies to Monitor and Manage Assets and Events. CommNexus. See [link]. (more).

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VIZIO, Sony In Patent Settlement

socalTECH

Irvine-based HDTV firm VIZIO said late Wednesday that the firm has licensed its digital TV patent portfolio to Sony, resolving an ongoing patent dispute with the firm. Financial details of the licensing deal were not disclosed. Vizio said that Sony has become a licensee of its patent portfolio, and it has also become a licensee under Sony's color television patent portfolio.

Patents 154
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Follow CEOFlow on Twitter

CEO Flow

Here: www.Twitter.

40
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My first blog post!

Eric Greenspan

How the hell do I work this thing? Posted in Daily Diary. Tags: Daily Diary.

Blogging 100
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Gaining Traction

SoCal Tech Calendar

Wednesday, November 4, 2009 -- "Gaining Traction for What's Ahead: Achieving Product Development Outcomes for Commercial Success" PDMA Annual International Conference. See [link] (more).

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Total Beauty Gets $800K More

socalTECH

Beverly Hills-based Total Beauty Media , an online site providing beauty advice, product reviews, and other information, has raised $800,000 more in funding, according to last week's PricewaterhouseCoopers/NVCA MoneyTree report. The firm had not disclosed the funding publicly. Total Beauty has previously raised funding from US Venture Partners and Wallington Investors.

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Helixis Bumps Funding To $7.3M

socalTECH

Carlsbad-based Helixis , a developer of nucleic acid analysis tools, has upped its recent funding round to $7.3M, according to a filing from the firm this week. The funding is a continuation of a $10.0M venture round which the firm has been raising since July. Source of the new funding was not disclosed. Helixis has previously received funding from Advanced Technology Ventures, Domain Associates, and Okapi Venture Capital.

Funding 145
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Snowball Factory Raises Funding

socalTECH

Beverly Hills-based The Snowball Factory , the developer of Awe.sm , a URL shortener for domains, and tweetpo.st , software for updating Facebook from Twitter, has raised $562,600 in an equity funding round, according to a regulatory filing from the firm Tuesday. Source of the funding was not disclosed. Snowball Factory is headed by Jonathan Strauss, who according to his profile on LinkedIn was most recently a Sr.

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Qualcomm Creates New Open Source Subsidiary

socalTECH

San Diego-based Qualcomm has created a new, separately owned subsidiary focused on mobile open source, the firm announced today. According to Qualcomm, the new subsidiary--Qualcomm Innovation Center--is being spun out to focus on developing open source software which uses Qualcomm's technology. The new subsidiary is being run by Rob Chandhok, Senior Vice President for Software Strategy for Qualcomm CDMA Technologies.

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Zag Hires New Products Director

socalTECH

Santa Monica-based Zag , the online auto buying site headed by Scott Painter, has hired on a Director of New Products, according to recruiting firm NeoHire. NeoHire said that Alexander Rosten has been hired into the position, joining Zag from Mota Motors, where he was Director of Analytics and Business Development. Rosten has also served at Google, Edmunds, and CarsDirect.com READ MORE>>.

Zag 140
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Spooky thought: Where would we be without our supporters?

socalTECH

As we go into Halloween this weekend, we want to thank all of our sponsors, advertisers, and members, who make it possible for us to exist. Without all of you, we wouldn't be able to keep you updated on Southern California's high tech news and companies. Thanks in particular to: Sponsors. Redpoint Ventures (www.redpoint.com). Backing Southern California's next great technology companies.

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Amgen Sued By New York, 14 Other States

socalTECH

Thousand Oaks-based biotech giant Amgen is the subject of a lawsuit being filed by New York Attorney General Andrew M. Cuomo, along with 14 other states, claiming that the biotech firm created a kickback scheme to boost drug sales. According to Cuomo, the lawsuit, filed today in federal court, claims that Amgen, International Nephrology Network (INN), a specialty group purchasing organization, and ASD Healthcare, a wholesaler offered kickbacks to medical providers who increased sales of anemia d

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Verdezyne Raises $2.96M

socalTECH

Carlsbad-based Verdezyne , which is developing technology to improve the fermentation process for biofuels, has raised $2.96M as part of a funding round, according to a regulatory filing from the firm Thursday afternoon. According to the filing, the funding is part of an ongoing $15.18M round. Monitor Ventures and OVP Venture Partners--prior investors in the firm--are listed as current board members.

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ViaSat Passes Hurdle On WildBlue Acquisition

socalTECH

Carlsbad-based ViaSat , a developer of satellite and wireless communications systems, is reporting this morning that it has been granted an early termination by the Federal Trade Commission and the Department of Justice on its Hart-Scott-Rodino Antitrust waiting period. ViaSat had said October 1st that it would pay $568M in cash and stock for Wildblue, a provider of satellite broadband services.

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Shackleton Equity Partners Buys SafeHarbor

socalTECH

Beverly Hills-based private equity firm Shackleton Advisors announced today that it has acquired SafeHarbor Technology , a Seattle-based provider of software for managing inbound telephone, email, and chat requests. Financial terms of the deal were not disclosed. SafeHarbor provides software used to service customer requests and reduce customer support costs, and counts IBM, American Airlines, T-Mobile, Sprint, and SunTrust as customers.

Equity 140
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One Recovery Raises $1.49M

socalTECH

Del Mar-based One Recovery , an online community site providing support for people recovering from addiction, has raised $1.49M in a funding round, according to a filing from the firm this week. According to the filing, the funding comes as part of an ongoing, $2.5M fundraising effort. One Recovery is headed by David Metzler, formerly a venture capitalist at Mission Ventures and investment banker at CIBC World Markets.

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MyPrint Acquired By Triton Pacific

socalTECH

Irvine-based MyPrint , a provider of print and promotional marketing programs, as well as related e-commerce tecnology, has been acquired by Los Angeles private equity firm Triton Pacific Capital Partners , Triton said Tuesday. Triton Pacific said it acquired a majority interest in MyPrint, but did not provide financial details. Tags: myprint triton pacific merger acquisition print printing.

Commerce 140