Sat.Apr 02, 2016 - Fri.Apr 08, 2016

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Clapit Raises AU$2.57M

socalTECH

Los Angeles- and Sydney, Australia-based Clapit , a startup developing a social media crowdsourcing app, said it has raised AU$2.57M ($1.94M US), to bring its mobile app to market. The seed funding came from Australia angels Mark Moran and Paul Siderovski. Clapit, which says it is based in Sydney and has its U.S. operations in Los Angeles, says it has created a social media app which crowdsources video, music, images, and rich media.

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How Can You Tell If Someone Truly Believes In Your Startup?

InfoChachkie

A version of this article previously appeared Forbes. When entrepreneurs describe their venture, they are often met with encouraging words, such as: “Great idea. I wish I had thought of that.”. This propensity for people to be polite when you discuss your startup can make it difficult to determine who really believes in your opportunity and who is just being nice.

Startup 138
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The power of THREE – Solving critical issues

Berkonomics

Here’s a formula for success… Let’s say you have been told by your board, by your chairman, CEO, or direct leader to solve three problems you identify and report back within a month showing progress – or that you have solved these three. First, you’d worry that this is an artificial way to focus management. Why three? Why now? After a short moment, you’d turn into action mode, perhaps calling in senior staff for a brainstorming session.

Metrics 131
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Achieve Greatness for Yourself, Become Far More Useful to Others

Eric Greenspan

When I started coaching AYSO I was confused, often bewildered. The process is a ton of work and communication is precarious. I usually got my hand slapped by my division administrator for asking a question. To be honest, the guy was a putz. Maybe too much on his plate. The rest of the administration is awesome and in particular, the head of the league.

Coach 107
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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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Techstars Healthcare Accelerator Announces 2016 Class

socalTECH

The Techstars Healthcare Accelerator at Cedars-Sinai announced its first class on Monday, saying that it has selected 11 companies to participate in the first accelerator to be held at the Cedars-Sinai campus for the next three months. Demo Day for the accelerator class is June 23rd. According to the accelerator, the companies in the program include: AppliedVR (mobile VR for healthcare); Deep6 (AI applications for healthcare); Ella (chronic pain treatment using mobile apps); Grace (end of life m

Class 138
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InfoChachkie - Untitled Article

InfoChachkie

A version of this article previously appeared Forbes. When entrepreneurs describe their venture, they are often met with encouraging words, such as: “Great idea. I wish I had thought of that.”. This propensity for people to be polite when you discuss your startup can make it difficult to determine who really believes in your opportunity and who is just being nice.

Startup 100

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I’m a Hero! (insightly)

Eric Greenspan

Today, I was asked to join the insightly Hero™ program. I was proud to be asked, but I’m really more focused on how this can help my business and more importantly, how it can help our customers. As an insightly Hero™, I now have access to more information and resources to help our clients get more from their insightly deployments. I also get to be a source of answers for the rest of the world, as I will now be one of the distinguished Heroes helping insightly moderate and answer questions

Resource 100
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Zingy's On-Demand, Dog Walking Services Acquired By Rover

socalTECH

Los Angeles-based Zingy , an online, on-demand dog walking service, has been acquired by Rover , according to the companies. Financial terms of the acquisition were not announced, and it's unclear when the actual acquisition occurred. Zingy founder and CEO Tobi Skovron says on his LinkedIn profile that he departed the CEO role in March. Rover has posted details of the acquisition on a web page, but the Zingy website has disappeared.

Demand 126
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This new startup makes it easy to find out if you are getting paid more or less than your peers

Jason Nazar

Most people want to know if they’re being paid fairly or if they should be commanding higher pay, but don’t know how to find out. Nazar’s new company, Comparably, is launching Thursday to bring transparency to not only pay, but also culture in the workplace. Read at Business Insider.

Startup 64
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5 Elements Of Success Every Startup Should Celebrate

Startup Professionals Musings

Many experts are certain that successful entrepreneurs are the ones with the most inspiration (passion and dream), while others will assert that it’s about more perspiration (working harder). In my experience, both are always required in heavy doses. There are no “can’t fail” shortcuts or “get rich quick” scenarios. That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing m

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3 Ways to Create a High Performance Company Culture

Frank Addante

Great company culture isn’t just about ping pong tables, free lunches, bouncy ball chairs and free gummy bears. In fact, it’s not about that at all. It’s about creating an environment that facilitates and fosters a high performance culture of winning. As CEO of Rubicon Project, a lot of people ask me what defines the culture of our company. It’s not a simple question to answer.

Company 43
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Anchore, Founded by Ansible, Eucalpytus Vet, Raises $2.5M

socalTECH

Santa Barbara-based container software technology developer Anchore , which was founded by veterans of Ansible, has raised $2.5M in a funding round, the company disclosed today. The funding came from Menlo Ventures and e-ventures. Anchore is led by Said Ziouani, who was co-founder and CEO of AnsibleWorks, and also served at Eucalyptus Corp. Ansible was acquired by Red Hat for $150M in October of 2015.

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Grading Entrepreneurs: Here’s my checklist…

Jason Nazar

The following checklist is my comprehensive criteria for how to grade entrepreneurs. I’ve developed it over the years by running Docstoc and helping thousands of folks start and grow their businesses. As I was once told in grammar school, the following exercise will test “your ability to follow directions.” I, like many entrepreneurs, never followed directions that well.

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Bootstrapping Is Much More Fun Than Investors

Startup Professionals Musings

If you really want to start a business your way without a boss or professional investor hovering over you, then just fund it yourself or through friends and family, and grow it organically. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. According to many experts , over 90 percent of successful businesses currently start this way.

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Nobody Can Define Who You Are

Tech Zulu Event

Back in the day when I was doing Wine Library TV , I got a lot of flack for commenting about sports or cultural events on social media or my video blog. A lot of people commented to “stick to wine” or that I’m just a “a wine guy.” They thought that talking about sports and world news was off-brand. Yeah, I know a crap-load about wine, but guess what?

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Bombd Sets Up Shop In Venice, Aims At Social Networking

socalTECH

Bombd , a startup which develops a social networking and messaging app revolving around sharing instant photos with others, has set up shop in Venice Beach. The startup--originally started in Australia--said its team and founders have moved to Venice Beach to scale the app in the U.S., and that it has begun hiring a team here. Bombd's social networking app lets users send a request to their friends for a 7-second countdown to a picture, which is sent to the requester, and which only lasts for th

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Jason Nazar Raises $5.2 Million for Stealth Startup

Jason Nazar

Jason Nazar has closed a $5.2 million seed round for a new startup named Crew32, according to a filing with the Securities and Exchange Commission. The news comes just one day after his first company, Docstoc, was shuttered by Intuit Inc., the company that bought it two years ago. Read at Los Angeles Business Journal.

Journal 44
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6 Key Risk Factors When Scaling A Business To Global

Startup Professionals Musings

With the availability of high-speed Internet and social media access around the world, it’s easy for entrepreneurs to assume that the world is just one big homogeneous market, and project their business will scale accordingly. Nothing could be further from the truth. Large businesses, as well as small, still fail often by not addressing the very real cultural, economic and political differences.

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3 Ways to Create a High Performance Company Culture

Frank Addante

Great company culture isn’t just about ping pong tables, free lunches, bouncy ball chairs and free gummy bears. In fact, it’s not about that at all. It’s about creating an environment that facilitates and fosters a high performance culture of winning. As CEO of Rubicon Project, a lot of people ask me what defines the culture of our company. It’s not a simple question to answer.

Company 40
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eHarmony Targets Jobs Recruiting

socalTECH

Los Angeles-based matchmaking service eHarmony said it is launching a new, job search site, which takes the technology behind its online matchmaking site and applies it to the area of job matching and employee recruiting. According to eHarmony, the new Elevated Careers platform will match job seekers with prospective employers, using a compatibility matching system based on workers' personalities and values and companies' cultures. eHarmony says it is tapping information from Simply Hired, Burni

eHarmony 122
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My Favorite Questions: they might change your life…

Jason Nazar

“Judge a man by his questions rather than his answers.” – Voltaire. “We make our world significant by the courage of our questions and by the depth of our answers.” – Carl Sagan. “The question isn’t who is going to let me; it’s who is going to stop me.” – Ayn Rand. As I turn 35 and think of my life so far and what’s to come, I realize how much I’m shaped by the questions I ask.

Tips 43
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10 Shortcuts To Startup Success I Don’t Recommend

Startup Professionals Musings

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many shortcuts leading to failure that are inside the entrepreneur decision realm.

Startup 57
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Interconnect Systems Acquired By Molex

socalTECH

Camarillo-based Interconnect Systems, Inc. , a designer and manufacturer of high density, silicon packaging technology, has been acquired by Molex , Molex said Thursday. Financial terms of the acquisition were not disclosed. Molex said it will use ISI and its team to strengthen its capabilities in the chip packaging market. Molex said ISI serves the aerospace & defense, industrial, data storage and networking, telecom, and high performance computing markets.

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TeleSign Rolls Out Biometrics Technology

socalTECH

Los Angeles-based TeleSign , which provide mobile identification and authentication services and products, said this week that it has rolled out a new product which uses behavioral biometrics to authenticate users. The company said its new Behavior ID offering lets web and mobile applications measure and analyze a user's behavior, in order to provide continuous authentication of those users.

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Lenny Bolsters Advisory Board

socalTECH

Santa Monica-based Lenny , which develops a mobile lending app targeted at millenials, said it has added Paul Spiller, COO and President at Acorns, as an advisory board member. Acorns is a startup offering up microinvestments from users' spare change, which are aggregated to create diversified investment portfolios. Lenny, which is led by Joe Bayen, says it has underwritten 1,000 credit lines for its users in the last three weeks.

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Airmap Lands $15M

socalTECH

Santa Monica-based Airmap , which operates an airspace mapping service for drone manufacturers, has raised $15M in a funding round, the firm said today. The funding came from General Catalyst Partners, and also included Lux Capital, Social Capital, TenOneTen Ventures, Bullpen Capital and the Pritzker Group. AirMap is led by CEO Ben Marcus, a pilot and air instructor, and already has deals with drone manufacturers DJI and 3DRobotics to incorporate the company's information into their APIs.

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Clutter Finds $20M More

socalTECH

Los Angeles-based on-demand, full service self-storage startup Clutter has raised $20M in a Series B funding round, the company said this morning, in a round led by Sequoia Capital. Clutter, which was founded by Ari Mir and Brian Thomas, offers up storage of everything from single items to entire households. In addition to standard storage services, the startup takes photographs of its customers' various items, and provides an online inventory of that stuff.

Demand 116
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CrownPeak Gets $50M In Merger With UK Company

socalTECH

Los Angeles-based web content management software developer CrownPeak has raised $50M in a funding round, and merged with UK-based ActiveStandards , according to the two companies. The investment round came from K1. According to the companies, the combined company will be based in Los Angeles, and will also have locations in Denver and London. Jim Yares, COO of CrownPeak, has been appointed CEO of CrownPeak as part of the deal, and ActiveStandards CEO Simon Lande and CrownPeak CEO Jim Howard wil

Company 116
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OpenX Rolls Out Google AMP Compatibility

socalTECH

Pasadena-based programmatic advertising marketplace operator OpenX has rolled out compatibility with Google AMP, Google's effort at a highly optimized set of rules for mobile web pages, across its entire set of products, the companys aid Monday. OpenX said that OpenX Bidder, OpenX Ad Exchange, OpenX SSP and/or OpenX Ad Server now are AMP compatible.

OpenX 116
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HopSkipDrive Expands To Orange County

socalTECH

Los Angeles-based on-demand, ride service for kids, HopSkipDrive said this morning that it has expanded its service into Orange County. The service--which helps busy parents offload the shuffling of their kids between school and activities--is led by Joanna McFarland. Orange County is the second market for the service, which background checks and fingerprints all of its drivers.

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Human Longevity Raises $220M

socalTECH

San Diego-based Human Longevity , a genomics technology developer, has raised $220M in a Series B funding, according to the company. The funding came from Illumina, Celgene, GE Ventures, as well as others. Human Longevity--led by genomics pioneer J. Craig Venter, Ph.D.--said the new funding comes on top of an earlier, $80M in a Series A round which closed in Summer of 2014.

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SnapMD Powers Telemedicine Effort For Konica Minolta

socalTECH

Los Angeles-based SnapMD is powering a new, telemedicine effort from medical imaging and printing company Konica Minolta , Konica Minolta said this week. According to the Japanese company, its Business Innovation Center division has launched a pilot in the area of telemedicine and virtual care. Financial details of the win for SnapMD were not announced.

Web 109
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SpaceX Sends Another Rocket To Space, Finally Lands Rocket On Barge

socalTECH

Hawthorne-based SpaceX has successfully launched another mission to space--and most notably, has finally successfully landed the first stage of its Falcon 9 rocket on its oceangoing barge. The landing try for SpaceX is the fifth time that SpaceX has attempted to land its rocket stage on its "ocean droneship", as part of its efforts to re-use the first stage of its rockets in future missions.

SpaceX 109
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Teledyne Acquires CARIS

socalTECH

Thousand Oaks-based Teledyne Technologies announced Friday morning that it has acquired CARIS , a developer of software for processing and visualization sonar data and other information. Financial terms of the acquisition were not disclosed by the companies. CARIS, founded in 1979, was based in Fredericton, New Brunswick. CARIS offers up bathymetry, seafloor imagery and water column data processing, and other geospatial software used for processing sonar data, used heavily in the hydrographic an

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DJO Global Loses CFO

socalTECH

San Diego-based medical products manufacturer DJO Global announced this morning that its CFO, Susan Crawford, has decided to retire from the company. DJO Global said it will launch a search for a new Chief Financial Officer. Crawford has been CFO of DJO Global only since March of 2014, and prior to that had been at Life Technologies and Covad Communications, among other companies.

San Diego 109
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CapLinked Links With Box

socalTECH

Los Angeles-based CapLinked , the provider of secure document sharing and virtual data room software, has linked up with document sharing service Box , according to the company. CapLinked said that it has joined the Box Platform Partners program, to aid in integrating both Box and CapLinked into its enterprise customers' workflow. Both companies provide secure cloud storage, however, CapLinked said its customers use the two products in very different and complementary ways.