Sat.Jul 11, 2015 - Fri.Jul 17, 2015

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Uber, Lyft Get Approval For LAX Access

socalTECH

Ridesharing services Uber and Lyft may soon be able to pick up passengers at LAX, after officials voted to open up access to the airport to the third party services. Uber and Lyft--which have extensive service in Los Angeles--have been unable to pick up passengers at the airport, due to tight restrictions by the city on access to the airport. The ridesharing services are expected to get access as soon as September , according to the LA Times.

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Hold On, Congress Is About To Handcuff Online Sellers

InfoChachkie

A version of this article previously appeared in Forbes. Congress' latest attempt to impose an "Internet sales tax" is just another misguided tax grab that will do more harm than good to American small businesses. The Remote Transaction Parity Act (RTPA), introduced by Representative Jason Chaffetz (R-UT), purports to simplify sales tax collections while also leveling the playing field between brick and mortar businesses and online sellers.

Sales 169
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There’s gold in re-purposing intellectual property.

Berkonomics

Several times a month, I’d have lunch with one of my CEOs, and each time we’d find ourselves digging into the intellectual property developed by the company over the years, just to refresh ourselves about what the intended use was back then, and whether new developments or technologies might make these older ideas and patents relevant again. Since I have been involved at the board level with so many companies over the years, sometimes I can see connections that might be missed by a CEO with a s

Patents 166
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7 Habits Practiced By Highly Effective Entrepreneurs

Startup Professionals Musings

In my years of working with entrepreneurs, I have heard many times the promise that their new idea will create the next Amazon or Apple, but I rarely hear the more important promise that the founder will practice all the good habits of winning entrepreneurs like Jeff Bezos and Steve Jobs. You see, I’m convinced that the entrepreneur makes the company, not the other way around.

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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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CrowdStrike Raises $100M From Google, Others

socalTECH

Irvine-based CrowdStrike , the developer of security software led by George Kurtz, said this morning that it has raised $100M in a Series C financing round, which was led by Google Capital, and also included Rackspace, Accel, and Warburg Pincus. The company develops endpoint protection software-as-a-service, which is used to protect computers against cyber attacks.

Google 183
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TechZulu Tech W(rap) | Weekly Tech Roundup Ep. 2

Tech Zulu Event

This is episode 2 of the TechZulu Tech W(rap). Produced by PodShare’s Elvina Beck and Kera Package for July 6-12, 2015. Its Monday! That means your weekly tech roundup of some of the hottest stories from around the net in 60sec. If you enjoyed the w(rap) please comment, tweet and share! Referenced Stories / More Info :: Modria – Silicon Valley Company Starts To Take Court Disputes Online.

.Net 79

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How To Prepare For The Entrepreneur Life You Want

Startup Professionals Musings

One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” I want to tell them to just start anywhere, but I realize that most have no idea where anywhere is. They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics.

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Omaze Gets $9M For Charity Crowdfunding

socalTECH

Los Angeles-based Omaze , the startup led by Matt Pohlson and Ryan Cummins, which helps charities and causes raise funding by offering up once-in-a-lifetime auctions involving celebrities and other opportunities, hass raised $9M in a Series A funding, the company said Wednesday. The funding was led by FirstMark Capital, and also included Michael Eisner's Tornante Company, Vayner/RSE,Dave Gilboa of Warby Parker, Dave Leyrer (Boulevard Capital), CrossCut Ventures, FFVC and Adam Press.

Press 177
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How the Hell do I Prioritize Work, Blog & Find Balance?

Both Sides of the Table

I noticed this post today from Ezra Galston titled “ Dear Brad, Fred & Mark: How The Hell Do You Do It? ” The premise is that either I (I won’t speak for Fred or Brad) have some magical solutions that allow me to produce a lot of content, or I’m super human or conversely I could read it as a negative post in that I’m somehow neglecting my duties as a mentor and advisor to the startup companies in which I’ve invested or to the fund that I manage. **. tl;dr

Blogging 281
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GENHERATION SUMMER LEADERSHIP SERIES [ LA ]

Tech.Co

We are excited to announce the GenHERation Summer Leadership Series 2015! During the months of July and August, GenHERation will be visiting 10 cities across North America to host leadership workshops for high school girls and rising college freshmen. These sessions will feature: More than 50 female executives (EY, Adobe, Yahoo!, Macy’s) from 12 different industriesInteractive skill-building activities.

Yahoo 70
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8 Ways Startups Spend Resources Without Adding Value

Startup Professionals Musings

Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Pro

Resource 105
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Women's Entrepreneurship Pitch Deadline Approaches

socalTECH

Women entrepreneurs interested in pitching their startups to local investors have until tomorrow, July 15th, to apply for the Women Founder's Network fast pitch, the group said Tuesday. According to the group, it is looking for women-led startups--including a founder or co-founder, or a CEO who is a woman--in any high growth industry to to pitch investors at an October event, with the opportunity to win part of $100,000 in prizes.

Draper 166
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To Survive, Reddit Must Move Beyond One Size Fits All

Tech Zulu Event

The recent uprising and subsequent meltdown of Reddit can be attributed to the age-old problem of letting customers run your business for you. The dream of Reddit is that each individual reader will respond to every story and comment by voting for it to be promoted or demoted, resulting in the best possible content for the largest collection of readers being at the top of page.

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Frost Data Capital, Symantec Link On Cyber Security Startups

socalTECH

San Juan Capistrano-based Frost Data Capital , the startup incubator led by security veteran Stuart Frost, has inked a major deal with Symantec , to launch and fund security and analytics startups. According to the two, they have partnered to create and seed early-stage startups with funding, resources, and expertise, and are hoping to launch and grow up to 10 security and Internet-of-Things analytics startups per year.

Symantec 160
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iZSearch Gets Seed Funding, Launches Internet Search Site

socalTECH

Carlsbad-based iZSearch said this morning that it has raised a round of seed funding, and also launched its web-based Internet search site. According to iZSearch, the company recently closed a seed funding round from the Tech Coast Angels and Integrity Applications Incorporated (IAI). Size of that funding round was not announced. According to iZSearch, it has developed an alternative Internet search engine, focused on privacy, minimal ads, and convenient navigation features.

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UCLA Health: Health Data From More Than 4.5 Million Patients Hacked

socalTECH

In the latest, high profile cyber hacking incident, Los Angeles-based UCLA Health , the healthcare and hospital system connect with UCLA, reported on Friday morning that it is the victim of a crimical cyber attack, which has exposed the records of as many as 4.5 million patients. UCLA said that "criminal hackers" have gained access to parts of the computer network that contain personal and medical information for the healthcare system.

UCLA 154
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Spireon Buys Inilex

socalTECH

Irvine-based Spireon , which develops GPS and vehicle telematics products, has acquired Inilex , a developer of GPS-based software sold by car dealers for asset tracking and vehicle theft recovery. Financial terms of the buy were not disclosed. Spireon is owned by private equity investor Bertram Capital. Inilex develops Skylink, which uses Internet-connected and cellular network connected devices for vehicle tracking, and is used as an alternative to current, radio-based systems for theft tracki

Equity 154
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Chrome River: Building An Enterprise Software Leader In LA, with Dave Terry

socalTECH

A few weeks ago, Los Angeles-based enterprise expense reporting software maker Chrome River (www.chromeriver.com) took a significant venture funding round--worth $100M--to help expand the company's growth in the enterprise software market. We caught up with co-founder Dave Terry , who co-founded Chrome River with Alan Rich, to learn more about how the company has build one of the fastest growing enterprise software makers in the area, why the company raised such a big round, and why the company

Software 153
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Readz Launches Mobile Marketing Tools, Backed by $7.15M

socalTECH

Woodland Hills-based Readz , a new startup that is aiming to help marketers quickly create microsites, landing pages, white papers, and other content, said today that it has raised more than $7.15M in funding, and launched its products. The company said the funding actually came over the last few years, with backing from such investors as Parana Management Corp.

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Qualcomm Backs BYOD Software Vendor Workspot

socalTECH

San Diego-based Qualcomm is backing bring-your-own-device (BYOD) software developer Workspot , via an investment from Qualcomm Ventures, Workspot said this week. Workspot said it raised $5M from Helion Ventures, Translink Capital, and Qualcomm Inc., to help advance its software that allows users to access their business apps and data through Windows, iOS, Android, and Mac operating systems.

Software 145
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Realty Mogul Adds $35M In Series B Funding

socalTECH

Los Angeles-based Realty Mogul , the online real estate crowdfunding site led by Jilliene Helman, said this morning that it has raised $35M in a Series B funding. The funding was led by Sorenson Capital, and also included Canaan Partners. The online marketplace for real estate investments said the funds go towards hiring more technologists and data scientists, and also for geographic expansion.

Funding 142
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Green Dot Opens Development Center In Shanghai

socalTECH

Pasadena-based Green Dot , the provider of prepaid Mastercard and mobile banking services, said today that it has opened up a new office in Shanghai, China, which will provide engineering and software development resources to the company. According to Green Dot, it officially opened up Green Dot Shanghai Software Technology Co. Ltd. at the Zhangjiang Hi Technology Park in the Pudong district of Shanghai, with 24,000 square foot of space.

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HopSkipDrive, Uber For Kids, Gets $3.9M To Expand From LA

socalTECH

Wish there was something as convenient for Uber to tote your kids to and from all their activities? Los Angeles-based HopSkipDrive has raised $3.9M in a funding round, to provide the convenience of Uber with the trust you might give your own nanny. According to HopSkipDrive, the seed funding round was led by Upfront Ventures, and also included FirstMark Capital, Maveron, BBG Ventures, and angel investors Joanne Wilson, among others.

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Uber Targets Seniors, Disabled With New Service In Los Angeles, uberAssist

socalTECH

On-demand ridesharing service Uber > said late Tuesday that it is launching a new service, uberAssist , in Los Angeles, to help provide an extra hand specifically for seniors and the disabled. According to Uber, the new service taps drivers who are specifically trained by Open Doors Organization to assist riders into vehicles and can accommodate folding wheelchairs, walkers, and scooters.

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GrollTex Gets Seed Funding

socalTECH

San Diego-based GrollTex , a new startup spinning out of the University of California, San Diego, has scored a seed funding round. The funding came from The Triton Fund and the Tech Coast Angels. Size of the funding was not disclosed. According to The Triton Fund, GrollTex will use the funding to accelerate commercialization of the company's technology.

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Avalon Ventures Leads Round In AeroFS

socalTECH

San Diego-based venture investor Avalon Ventures is the lead investor in a new, $10M funding round for AeroFS , a developer of private cloud collaboration software. AeroFS said the Series B funding also included NHN Investment. Avalon's Rich Levandov represents Avalon Ventures on the AeroFS board. AeroFS is based in Palo Alto, California. READ MORE>>.

Avalon 135
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CardiAQ Acquired By Edwards Lifesciences For $400M

socalTECH

Irvine-based CardiAQ has agreed to be acquired by Edwards Lifesciences , in a deal worth up to $400M, the two companies said this morning. Edwards Lifesciences said it would pay $350M in cash plus up to $50M in earnout for CardiAQ, which was venture backed by Advent Venture Partners, OrbiMed Advisors and Versant Ventures. CardiAQ develops transcatheter mitral valve replacement systems, used for heart surgery.

Develop 135
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Homejoy Shuts Doors To On-Demand Home Services

socalTECH

Homejoy , one of the many, on-demand startups serving the Los Angeles area, said today that it will be shutting down its services, and will be closing on July 31st. The company--which initially launched into Los Angeles in 2013 --apparently had issues raising its next round of funding, and also had been battling a number of worker classification lawsuits over whether or not its workers should be employees.

Demand 131
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Stocktwits Adds Real Time Notifications

socalTECH

San Diego- and New York-based StockTwits has rolled out a way for mobile users to get selected, real-time notifications when people they follow post messages. According to Stocktwits CEO Howard Lindzon, the new feature lets users easily pick the few people they'd like to get real time notifications from, and have the posts of those few people show up in your mobile notifications.

San Diego 131
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Hulu Planning Ad-Free Premium Subscription

socalTECH

Los Angeles-based streaming television site Hulu is planning to add another, premium tier to its services, which would allow users to completely skip out on advertising. According to the WSJ, Hulu is exploring adding thew new premium service at between $12.00 and $14.00 per month, allowing users to get an ad-free viewing experience--to help it better compete with Netflix.

Hulu 131
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Yeti Acquired By Jim Armstrong, New Investors

socalTECH

Santa Monica-based Yeti , the local discovery and travel app developer led by Alex Capecelatro, has been acquired by a group of private investors, the company said Thursday morning. Financial details of the acquisition were not announced. Yeti said the investors include Jim Armstrong of March Capital Partners. Yeti--which was last known as At The Pool, and got its start as Hyphos --will now be headed by Andy Mazzarella.

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Transaction Wireless Acquired By First Data

socalTECH

San Diego-based Transaction Wireless , the digital gift card startup backed by Mission Ventures and Okapi Ventures, has been acquired by First Data , First Data said this week. Financial terms of the buy were not disclosed. First Data said the buy will help it offer up a fully integrated, comprehensive physical and digital gift card program. One of the company's investors said the acquisition represented a "very nice outcome" for the founders, employees, and investors.

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MicroPower Expands Product To Australia

socalTECH

San Diego-based MicroPower Technologies , which develops solar powered, wireless surveillance systems, said late Tuesday evening that it has expanded distribution of its products to Australia. The company said it has made its SOLVEIL surveillance solution available through technology and service provider Western Advance. MicroPower Technologies is one of the companies which came out of the EvoNexus business incubator.

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ZestFinance Launches Unsecured Personal Loans

socalTECH

Los Angeles-based Zest Finance , one of the area's growing number of financial technology (fintech) startups, said today that it ha launched a new product, to offer up unsecured, personal loans to middle class Americans. ZestFinance said its new product--Basix--uses its technology to better evaluate creditworthiness of borrowers, and allows consumers who otherwise wouldn't be able to tap into traditional credit systems, and who wouldn't qualify for a band loan, to gain access to credit.

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Zadara Extends In Middle East

socalTECH

Irvine-based Zadara , which provides storage-as-a-service to the enterprise, said it is extending into the Middle East and Africa with the deal with a IT provider in the region. Zadara said its platform is now being offered by Orixcom, which serves the Middle East and Africa (MEA) region. Zadara uses a hybrid model for enterprise storage, offering both public and private storage-as-a-service via its own set of appliances.

Platform 131
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VIZIO Licenses Technology From Dolby, Rovi

socalTECH

Irvine-based consumer electronics maker VIZIO has renewed two patent and technology licensing deals it has with Dolby and Rovi Corporation. The two, separate agreements and announcements, cover use of technology in VIZIO's line of products. No financial details of the licenses were announced. In the Dobly deal, Dolby said that VIZIO has licensed its Dolby AC-4 standard for use in televisions for next generation broadcast systems and streaming Internet content.