Sat.Oct 23, 2010 - Fri.Oct 29, 2010

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Want to Work in VC? Here’s How

Both Sides of the Table

I’m often asked by people, “how do I get into VC?&# and I normally respond by saying, “there is no easy path. It’s often a combination of luck, relationships & timing. Often these jobs aren’t even publicized.&#. Well, I know 3-4 VC jobs that are publicly available. GRP Partners is looking to hire two analysts (maybe even three) to join our practice in Los Angeles.

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ReachLocal Grows Revenues By 47 Percent

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M in revenues for Q3 of 2010, up 47 percent from Q3 of last year, when it had $52.6M in revenues. The quarterly results were a 10 percent growth from the prior quarter. The firm reported a net loss of $2.8M, compared with net income of $14.9M for the quarter.

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Caution 2.0

SoCal CTO

Just saw this tweet fly by: Unfortunately, this CTO happens to be the CTO of a restaurant chain which was probably the reason that this was tweeted. But the point is pretty simple. As a CTO, you need to always remember that you are a bit on stage and people notice what you do even when you don’t realize it. It’s important to bring a bit of caution to things as simple as going to the bathroom.

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Early stage boards work for stock options, not cash.

Berkonomics

Give one percent equity to each outside board member vesting over four years of service. Many early stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best advice, based upon many boards and many years. Pay early stage board members of companies that are not lifestyle businesses one percent of the fully diluted equity in the form of an option that vests over four years of service.

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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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SpaceX Expands In Alabama

SoCal Tech Calendar

Wednesday, November 3, 2010 -- Cleantech Focus Los Angeles: Water Efficiency and the Corporate Perspective. Cleantech Group, known for a second-to-none network of investors, entrepreneurs, technologies and policy leaders, has developed a unique understanding of where commercial opportunity lies in the deployment of cleantech business models. Introducing Cleantech Focus Los Angeles, a networking event and conference focused on opportunties in water.

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How WeddingWire Got Elusive Local Vendors To Register For Its Site – with Timothy Chi

socalTECH

Hawthorne-based SpaceX , the commercial rocket firm founded by Elon Musk, is extending its reach into Huntsville, Alabama, according to local jobs group Huntsville Space Professionals. No details on the new office have been announced, however, Huntsville Space Professionals said the rocket company was breaking ground on the new office today, in the Cummings Research Park in Huntsville.

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Ten Top Rules of Successful Entrepreneurship

Startup Professionals Musings

In these tough economic times, more and more people are turning to entrepreneurship as an alternative to traditional employment. I applaud this trend, but caution all of you thinking this direction to approach entrepreneurship with your eyes wide open. It is not for everyone, as the entrepreneur’s path is fraught with challenges. Many experts have tried to clearly lay out the criteria for success in a way that allows you to judge your own situation and your own temperament, and make a rational d

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Fifth Smart Grid Thought Leadership Forum

SoCal Tech Calendar

Tuesday, November 2, 2010 -- Fifth Smart Grid Thought Leadership Forum. Join UCLA Smart Grid Energy Research Center for its fifth Smart Grid Leadership Forum. On November 2, 2010, this thought leadership forum will focus on research, technology development and demonstrations planned for the Electrical Power Grid in the United States and its modernization opportunity and accompanying innovations over the next decade into what is being now called the Smart Grid.

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Four of Southern California's Cloud Computing Startups

socalTECH

One of the most active areas of interest and growth in the technology industry today is cloud computing--the use of computing resources on the Internet, to accomplish tasks that normally would have taken a server farm or local systems. Among the more successful firms here have in the cloud computing space been Irvine-based 3Tera , which was recently acquired by CA.

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TechZulu Law Welcomes “Gri.pe” Founder Farhad Mohit on October 28

Tech Zulu Event

"We have spent years building our online clout and our network on the Internet, but never really get the respect we deserve as we walk around in the real world," said Mohit at TechCrunch Disrupt SF. Visit TechZulu for full story. Tags: Entrepreneurship Social Media TechZulu Law Android BizRate Christina Gagnier Coloft David Kazzie etnrepreneurs Farhad Mohit gri.pe iPhone LA LA Startups law Law news Lisa Borodkin Mobility News online shopping Reputation ShopZilla tech news TZ Law TZLaw YouTube.

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Which Social Networks are for Entrepreneurs?

Startup Professionals Musings

Social networking is indeed the new business networking. But you need to understand the different cultures to make it work. For example, my personal interest is entrepreneurs, and MySpace is for tweens. Me going to MySpace is sort of like your parents crashing your high school prom – everyone is uncomfortable and neither side has any fun. Since I’ve been lurking around the various social networks for the last year or so, I’ve learned a few things, so I thought it would be helpful to clue you in

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Foley??s Emerging Technologies Conference

SoCal Tech Calendar

Tuesday, November 2, 2010 -- Foleys Emerging Technologies Conference: Do You Speak Entrepreneur?, presented with CONNECT. To succeed in the tech company world, you need to talk the talk and walk the walk. Join us for an immersion course in the language and strategies of successful entrepreneurs as Foley attorneys, tech executives, experienced advisors, and tech company investors help you become fluent in entrepreneur.

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Yahoo Confirms Ross Levinsohn Hire

socalTECH

Internet portal Yahoo confirmed Wednesday afternoon that it has hired Ross Levinsohn , former head of Fox Interactive Media, and current venture capitalist at Fuse Capital, as its new Executive Vice President of Americas. According to Yahoo, Levinsohn reports directly to Yahoo CEO Carol Bartz, and will manage the company's media group, advertising sales, and partnerships for the Americas region.

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Sexting Patent, Facebook “Likes” Bing, School Spying and More on TechZulu Law from BlogWorld 2010

Tech Zulu Event

TechZulu Law went on the road for Episode 2, where co-hosts Christina Gagnier and Lisa Borodkin broadcast live from the floor at BlogWorld Expo 2010 in Las Vegas with special guests J.D. Lasica and Art Neill. Visit TechZulu for full story. Tags: Social News TechZulu Law Video AOL Art Neill Bing Blogs BlogWorld BlogWorld Expo 2010 Christina Gagnier Copyright Creative Commons Demand Media Facebook Farhad Mohit FTC Guides Internet JD Lasica Lisa Borodkin Mozilla New Media Rights Startups TechZulu L

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Six Entrepreneur Skills That Angel Investors Love

Startup Professionals Musings

I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. The reality is that angel investors are humans, and personal traits often make or break the relationship, even before the investment is considered. On the top line, angel investors look to invest in entrepreneurs that have an almost unwavering passion and sense of urgency.

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Streaming Media West 2010

SoCal Tech Calendar

Tuesday, November 2, 2010 -- Streaming Media West 2010. Streaming Media West targets media owners, broadcasters, viral video creators, online marketers, enterprise corporations, ad agencies, educators, and others for whom the latest online video technologies are key to their business models. See [link] (more).

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YouMail: 15 Million Unique Monthly Callers

socalTECH

Irvine-based YouMail , the voicemail services provider headed by Alex Quilici, said today that it has hit the 15 million unique monthly caller mark for its service. The firm said that the numbers reflect five percent of the U.S. population. YouMail offers an alternative voicemail system, which allows users to get voice-to-text transcribed voicemails, custom rings for callers, custom greetings messages, and more.

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TechZulu Financing A Startup Was A Hit!

Tech Zulu Event

Last night we had a completely sold out event filled with startups, entrepreneurs, angles, and VC's. The panel gave some amazing advice, tips, personal stories and wisdom they have learned over the years over being in the startup community. Visit TechZulu for full story. Tags: Events Funding Investment Startup Video AudiMicro Audioo Brian Garrett Caplinked Crosscut Ventures entrepreneur Eric Jackson Ryan Born Scott Edward Walker Stewart Roberts Tech coast angels.

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Real Sustainable Competitive Advantages are Rare

Startup Professionals Musings

One of the most important questions you will be asked by potential investors is how your solutions beats the competition, not just today, but over the three to five year life of their investment. There is no perfect answer to this question, but there are many wrong answers which will immediately jeopardize your credibility. The concept is called “sustainable competitive advantage.

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Cleantech Focus Los Angeles

SoCal Tech Calendar

Thursday, November 4, 2010 -- Cleantech Focus Los Angeles: Water Efficiency and the Corporate Perspective. Cleantech Group, known for a second-to-none network of investors, entrepreneurs, technologies and policy leaders, has developed a unique understanding of where commercial opportunity lies in the deployment of cleantech business models. Introducing Cleantech Focus Los Angeles, a networking event and conference focused on opportunties in water.

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Verizon Wireless iPad Bundle Hits Stores

socalTECH

Verizon Wireless said that Apple's iPad device--bundled with the Verizon MiFi mobile hotspot--is hitting its stores today, at more than 2,000 of its Verizon Wireless Communications Stores nationwide. The firm had announced the bundle on October 14th. The availability of the iPad through Verizon promises to benefit at least one Southern California firm--San Diego-based Novatel Wireless --which is the supplier of Verizon's MiFi device.

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Web TV Workshop Pro-Panel Series: Creating A Web Series From The Ground Up

Tech Zulu Event

Last night we had an amazing group of panelist for the Web TV Workshop Pro-Panel series. They went over and touched on all the aspects that you would need to get your web series up and running. Topics such as branding, the importance of attending film festivals, when to go. Visit TechZulu for full story. Tags: Advertising & PR Arts & Entertainment Social Media Video Jeremy McMillan Kristyn Burtt Matt Bolish Michael Redford Carney New Media Pro Panel Series Social Media Damian Pelliccio

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Penthouse Relationships Lead to Business Success

Startup Professionals Musings

In the world of entrepreneurs and startups, top floor relationships are everything. You can’t start a business alone. You need partners, team members, investors, vendors, and customers. But people don’t realize that all relationships are not the same. There are people you only recognize on the street, business friends, and then close friends whom you can always count on to help.

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Green As A Business Opportunity

SoCal Tech Calendar

Wednesday, November 3, 2010 -- Green As A Business Opportunity. ACG 101. A panel of experts looks at the business opportunities resulting from the demand for "green" technology at a breakfast meeting of ACG 101 in Westlake Village. See [link] (more).

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Southwest Airlines Settles On WiFi Pricing

socalTECH

Southwest Airlines said Thursday that it has priced out its wireless Internet services on its fleet, and will initially charge $5 per flight for any device or flight length for WiFi service. Southwest's wireless Internet is being supplied by Westlake Village-based Row 44 , which uses satellite connections to connect airplane passengers to the Internet.

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Scott Hanselman: How To Make Your Blog Suck Less

Tech Zulu Event

Scott Hanselman has been blogging for over 8 years. He's made a lot of mistakes, but done a few things right. Ultimately his goal isn't to have a perfect blog, but rather to have a blog that sucks less. Ideally, getting better every day. Visit TechZulu for full story. Tags: Blogging Social Media BlogWorld Expo BlogWorld Expo 2010 Scott Hanselman.

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GREAT Video On “Drive: The surprising truth about what motivates us”

CEO Flow

Higher bonuses and incentives for white collar work reduces performance? Watch this!

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Content World Turned Upside Down

SoCal Tech Calendar

Thursday, November 4, 2010 -- Content World Turned Upside Down: Can Traditional Media Adapt? TCOSC Digital Media Society. Every aspect of the business of entertainment media and other content providers, and their traditional sources of revenue, are under assault by disruptive business models. From GoogleTV to iTunes and YouTube to the rise of social networks to e-book readers to cloud computing and free software, the worlds of newspapers, books, music, platform games, film, television and even s

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The Trade Desk Taps eBay For New Exec

socalTECH

Ventura-based The Trade Desk , the newest Internet advertising startup of Jeff Green, former co-founder of AdECN, said today that it has tapped an eBay vet for its new Director of Platform Solutions. The Trade Desk said that Adrienne Buhmann, who previously was at eBay, will head up the new position. The Trade Desk is developing an Internet advertising platform which uses detailed data analytics and information to better target and price Internet advertising; the firm is using both Internet and

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Pubcon 2010 Here We Come!

Tech Zulu Event

The TechZulu team is coming back to Pubcon this year from November 8-11 to bring you some amazing content from the masters of affiliate marketing, Search and SEO, Social Media, Link building, Advertising, Branding, PR, Analytics and tons more. Visit TechZulu for full story. Tags: Advertising & PR Events Pubcon Social Media Video Advertising affiliate marketing analytics Branding Link building PR pubcon Search SEM SEO.

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The Dumbest Implementation of a Feature – Bcc

Both Sides of the Table

I’m working on a larger series on “scaling sales&# that will drop this weekend or early next week so I thought I’d go for a more light-hearted topic today. I’ve always thought about writing a few posts on features in products that drive me nuts. I have a short list of what I consider the worst UX offenders and Bcc has got to top the list.

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Annual IP Case Law Review

SoCal Tech Calendar

Thursday, November 4, 2010 -- CommNexus Presents: Annual IP Case Law Review. Join in a panel discussion of the cases that were decided and that have affected the landscape of patent law this past year. Several of the cases decided this year have had a very high profile, including Wyeth v. Kappos, in which the Court of Appeals for the Federal Circuit held that the Patent and Trademark Office (PTO) had calculated term extensions for patents incorrectly in some instances.

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WebVisible: Small Business Advertising Increases, But Slowly

socalTECH

Irvine-based WebVisible , which provides local search marketing and ad placement for small businesses, reports that its latest quarterly advertising report shows that search advertising spending by small business is increasing, but is doing so more slowly that recent quarters. The firm said that the average advertisers in its survey spend $2,327 on paid search advertising in Q3, up 43 percent over Q3 of last year.

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Who Wants To Be A Millionaire? Every Successful Entrepreneur Should Expect The “Million Dollar Question”

InfoChachkie

In 1998, a new type of game show was aired in the United Kingdom. Rather than a panel of contestants competing to answer rapid-fire questions, the new show involved a single contestant who was often given a seemingly unlimited amount of time to ponder each question. In fact, contestants were even given a chance to call a friend and poll the audience for help.

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Startup Failure is a Positive Step Towards Success

Startup Professionals Musings

If you haven’t had a failure, you aren’t pushing the limits. If you are really an entrepreneur, you are a risk taker and less cautious by nature, so failures should be expected. Wear you startup failure as a badge of courage. Don’t go after failure, but embrace it when it does happen and grow from it. People who are afraid of failing should not become entrepreneurs.

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Foley's Life Sciences and Medical Device Conference

SoCal Tech Calendar

Wednesday, November 3, 2010 -- Foley's Life Sciences and Medical Device Conference. Corporate executives and advisors will explore proper positioning around pressing business and legal issues at each stage in the life cycle. Attendees will gain insight from innovators and investors, and will discover new ideas on creative collaborations and licensing arrangements, financing for growth stage companies, and pricing strategies as innovations head towards potential commercialization.