Sat.Jun 13, 2015 - Fri.Jun 19, 2015

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Why Successful People Focus on the Bottom End of the Funnel

Both Sides of the Table

Business leaders have many tasks to accomplish and prioritizing stuff can be hard. Yesterday I wrote about the need to “ do fewer things, more often ” in which I described that frenzied world we live in and why the shiny objects and distractions stop us from living up to our true potential. Today I’d like to give that advice in more tangible terms and with a framework to think about your tasks – the funnel.

Startup 329
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The five kinds of risk in building your business

Berkonomics

If you could predict a crisis within your business before its occurrence, wouldn’t you move to prevent or reduce its impact? Making such predictions is a skill that can be developed, and here’s one method of doing so. There are five basic kinds of internal risks than a business faces over time. Of course, there are external risks that cannot be controlled or predicted, but can be planned for as well –. natural disasters, sudden political or economic events that rattle the entire economy, and mo

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DogVacay Names COO, Bolsters Board

socalTECH

Santa Monica-based online pet sitting marketplace DogVacay said Monday that it has named Deborah Sharkey as the company's n ew Chief Operating Officer. Sharkey was most recently VP of Local Marketplaces at eBay, where she had spent more than a decade. The company also said it has added Jason Finger and Bob Antin to its board; Finger is at Oxygen Capital, and Antin is the Chairman and CEO of pet health care services provider VCA.

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Entrepreneurs Who Relish Being Wrong Usually Win

InfoChachkie

A version of this article previously appeared in the Wall Street Journal. During my 15-years as a startup executive, I relished being proven wrong. Knowing that I was had made a mistake empowered me to make the correct decision. Being wrong is much preferred to erroneously thinking you are right and relentlessly executing a losing strategy. Effective entrepreneurs reject dogmatism and embrace doubt.

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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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Do Less. More.

Both Sides of the Table

We are experiencing a frenetic time. I rarely talk to any startup entrepreneur or VC who doesn’t feel it and somehow long for simpler times despite the benefits we all enjoy from increased enthusiasm for our sector. For entrepreneurs there’s too much money sloshing around. One would think entrepreneurs would never want less available cash – until such time as their competitors ridiculously and unnecessarily all raise $50 million in the name of a “land grab” thus mak

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To Your Happiness! Surround Yourself with Positive People and Stop the Ranting

Eric Greenspan

I know you aren’t feeling well. I know you’re bored in that hospital bed. I know you are on meds. I know it hurts. I know she broke your heart. I know you failed. I know you got rained on. I know you hate that. I know you are tired and your kids are bugging you. I know you have challenges. I know you’re broke. I know you missed your flight.

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It’s Never too Late to Tap Into Your Creativity

Tech.Co

I don’t like when people say: “I’m just not creative”. It doesn’t make me mad, but that’s my least favorite phrase in the world because I think it’s a cop out. I’m here to tell all of you out there who think creativity is some grand, innate talent that it’s not: it’s entirely learnable, and you’re all creative – you just don’t know it yet. There’s a team of Los Angeles entrepreneurs who would agree with me on that, and they launched their platform Kadenze to help people tap their creativity.

Education 125
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Social Media Marketing Should Not Be Used Alone Today

Startup Professionals Musings

Entrepreneurs and startups often ask if they should select only social media for marketing, or stick with digital media, or just count on traditional media. The answer is yes to all, and the challenge is how to choose how much of each, and how to integrate them for maximum impact and the least cost. None should be considered competitive mutually exclusive to any other.

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Tapiture Taps Into Successful Social eCommerce And Secures $2.25M In Seed Funding

Tech Zulu Event

Santa-Monica based Tapiture has grown in traffic by 300%, monetized from year one and raised $2.25 million in seed funding since its founding in 2012. If Pinterest is catnip for girls, Tapiture was founded to go after the men, but quickly evolved into a more sophisticated artistic social media community. The curated design and photography-driven entertainment site is where GIFs and memes intermingle with stunning photography, video and the ability to purchase in app.

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Disney Cancels Tech Layoffs In Burbank

socalTECH

Disney/ABC Television , which had planned to replace about 35 information technology workers split between its New York and Burbank offices with imported H-1B workers from an outsourcer, has abruptly cancelled those plans. Disney had told its workers in May that it would be replacing them with workers--imported from India--from outsourcer Cognizant.

Burbank 166
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How Connectifier Is Applying Search Technology To Recruiting, With John Jersin

socalTECH

What if searching for people to recruit to your company was as easy as running a search in Google? That's the idea behind Connectifier (www.connectifier.com), an Orange County-based startup led by John Jersin --whose founders and many of its employees have come from Google, Amazon, and other companies where search is a part of their DNA. The company recently announced a funding round, led by True Ventures, so we thought we'd talk with John about what the company is doing, and why he believes sea

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Ixia Finds New Chief Marketing Officer

socalTECH

Calabasas-based network testing equipment and software developer Ixia has appointed a new Chief Marketing Officer today, saying that it has named Marie Hattar to the position. Hattar was previously Chief Marketing Officer at Check Point Software, and also served at Cisco in a number of executive positions, with a total of over 20 years of experience in the security and networking industry.

Marketing 162
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Connectifier Gets $6M For Recruiting Software

socalTECH

Orange County-based Connectifier , a sttup founded by ex-Googlers, and which is developing search-powered recruiting software, has raised $6M in a Series A. According to Connectifier, the funding was led by True Ventures, and also included Galeo Ventures, Okapi Ventures, and angels, including Sean Ellis, Andrew Chen, Jonathan Downey, and James Hong.

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StackSocial Expands Into Health And Fitness

socalTECH

Los Angeles-based StackSocial , which offers up online technology sales and deals on software and other products, is in a major expansion, saying yesterday that it has launched a new Health & Fitness category. The new business line for StackSocial features health and fitness gadgets, like fitness bands, headphones, heart rate monitors, Bluetooth speakers, and more.

Draper 155
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KFx Medical Gets $35M From Patent Infringement Suit

socalTECH

San Diego-based KFx Medical said late Wednesday that it has received $35M in a payment, related to the company's patent infringement suite against Arthrex. The payment is related to a jury award which found that Arthrex had infringed upon a patent owned by KFx. That patent infringement lawsuit was filed in 2011, but only recently completed its journey through the legal system.

Patents 152
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Evolve Media Buys Martini Media

socalTECH

Los Angeles-based Evolve Media , the online lifestyle publisher, is expanding out its empire again, saying late last night that it has acquired Martini Media , which focuses on content for reaching and engaging the affluent online. Financial terms of the buy were not disclosed. Evolve Media said it will run Martini Media as a separate division. Evolve explained that the deal will allow it to expand into a new vertical, partner with luxury brands, and help market to affluent customers online.

Media 149
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StartEngine Launches Crowdfunding Platform

socalTECH

Los Angeles-based StartEngine , which was launched back in 2013 as a startup incubator, has pivoted its model, and has become an online equity crowdfunding platform called StartEngine Crowdfunding. According to the company, it will allow individuals to invest in private companies, and in particular, is looking to help connect aspiring, Millenial investors with what it says are the "progressive companies of tomorrow".

Platform 148
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REC Solar Buys Stellar Energy

socalTECH

San Luis Obispo-based REC Solar has acquired solar provider Stellar Energy , in an asset purchase, the company announced this morning. Financial details of the acquisition were not disclosed. According to REC Solar, the move will help it expand in the commercial business market. Stellar Energy had provided solar power systems exclusively to commercial businesses.

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RadPad Names Activision Vet As Marketing VP

socalTECH

Los Angeles-based apartment search startup RadPad > said today that it has hired on Activision veteran Mike Pelletier as its first Vice President of Marketing, the company said this morninng. Pelletier had previously been head of Activision's Call of Duty franchise, and also had been at Dell. He was last in charge of marketing Call of Duty Advanced Warfare at Activision.

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WeMo, OSRAM SYLVANIA Launch Connected LED Lighting

socalTECH

Playa Vista-based WeMo , the home automation brand of Belkin, launched a new set of connected, LED lighting products with OSRAM SYLVANIA this morning, including a set of color changing LED lights. According to the two companies, the new lighting starter sets all include Wemo's ZigBee-to-Wi-Fi bridge, allowing those LED lights to be controlled by a smartphone or computer.

Belkin 139
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Avalon Ventures Launches Trio Of Life Science Startups

socalTECH

San Diego-based Avalon Ventures said this morning that it has launched and funded three, new companies as part of its deal with GSK. Avalon Venturs said that Adrenergics , CadheRx Therapeutics , and Calporta Therapeutics have all received $10M in Series A funding, and will receive R&D support from Avalon Ventures and GSK. All three companies are based in San Diego, and will be colocated at COI Pharmaceuticals.

Avalon 138
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California Technology Ventures Backs CyMedica Orthopedics

socalTECH

Pasadena-based venture investor California Technology Ventures has put its funding behind a medical device maker, which is trying to prevent muscle atrophy after orthopedic surgery. According to Scottsdale, Arizona-based CyMedica Orthopedics , it has raised $11.5M in a Series A funding led by Research Corporation Technologies, which included Pasadena's California Technology Ventures, along with Aphelion Capital.

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YouMail Improves Robocall Blocking App

socalTECH

Irvine-based YouMail , the enhanced voicemail service provider led by Alex Quilici, has rolled out an upgraded robocall blocking app on iPhone, the company said Thursday. The company--whose cloud-based voicemail service is aimed at both consumers and small businesses--says its app automatically detects robocalls, so those callers actually think a user's number has been disconnected.

Services 131
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MINDBODY Prices IPO, Starts Trading Today

socalTECH

San Luis Obispo-based MINDBODY priced its IPO last night at $14.00 per share, at the midpoint of its initial estimated trading range of $13.00 to $15.00 per share. MINDBODY said it will sell 7,150,000 shares of its common stock, and will begin trading on the NASDAQ Global Market this morning as MB. MINDBODY is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P.

Pricing 131
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Visage Finds $2.15M In Seed Funding

socalTECH

Irvine-based Visage , which offers up a service aimed at online marketers to help create infographics, said this morning that it has raised $2.15M in a seed funding. The funding was led by Venture51, and also included K5 Ventures and Kima Ventures, along with angels Robin Pimentel and Dan Martell. The startup, led by Jason Lankow, says it can help marketers create data graphics in just three minutes, and save on what normally is a very high cost and long production time for professional designs.

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KYTHERA Biopharmaceuticals Acquired By Allergan For $2.1 Billion

socalTECH

Westlake Vilage-based KYTHERA Biopharmaceuticals , the develoepr of aesthetic medicine products, is being acquired by Allergan in a deal worth $2.1 billion, the two companies said this morning. Allergan said it will pay $75 per KYTHERA share, split between 80 percent in cash and 20 percent in Allergan shares. Kythera is focused on the discovery, development and commercialization of novel prescription products for the aesthetic medicine market.

Product 131
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Looklist Raises $174,000 For Fashion Site

socalTECH

Los Angeles-based Looklist , an online site which lets users browse curated fashion and hairstyle photos, disclosed today that it has raised $174,000 in a seed funding round. The funding came via AngelList, led by investor Foundry Group, via its FGAngel syndicate. Looklist, led by Shaz Sedighzadeh, provides a Pinterest-like site which can be browsed to see different fashions and hair styles, and also links to e-commmerce site featuring those fashions.

Sites 131
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Glaukos Sets IPO Pricing Range, Launches IPO

socalTECH

Laguna Hills-based Glaukos Corporation , which is developing medical devices for treating glaucoma, said this morning that it has formally launched its IPO, and is now looking to sell 5,358,000 shares of its common stock at between $13.00 and $15.00 per share. Glaukos said it has applied to list on the New York Stock Exchange as GKOS. Glaukos had filed for its IPO in May, but by setting a pricing range, is one step closer to the market.

Pricing 131
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RealtyMogul.com Backs Medical Office Building

socalTECH

Los Angeles-based online real estate funding marketplace RealtyMogul.com said Friday that it has copelted an equity capital raise for a multi-tenant medical office building in Texas. Size of the transaction was not announced. RealtyMogul, which is led by Jilliene Helman, operates a peer-to-peer, crowdfunded marketplace which helps real estate developer raise funding from accredited investors.

Equity 130
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Cynvenio Links With Cure Forward

socalTECH

Westlake Village-based Cynvenio Biosystems said Thursday that it has linked with Cure Forward , a provider of web-based paltforms for patients to share genetic testing results, to help cancer patients with their treatments. According to the two, the deal will help patients and physiciansleverage results from Cynvenio's ClearID genomic test, which uses whole blood draw to profile cancer tumor cells.

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Teledyne Names New Board Member

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it has added Bob Malone, the Executive Chairman, President and Chief Executive Officer of First Sonora Bancshares, to its board of directors. Malone was previously Executive Vice President of BP, and also had served as Chairman and President of BP America. Malone is currently also on the boards of Halliburton Company, Peabody Energy Corporation, First Sonora Bancshares, and INTERA Incorporate.

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Cynvenio Biosystems Finds $25.5M More For Cancer Diagnostics

socalTECH

Westlake Village-based Cynvenio Biosystems said Wednesday that it has raised $25.5M in a Series B funding round. The developer of life sciences equipment, used to profile cancer cells circulating in whole blood, came from Livzon Pharmaceutical Group, along with Greenwoods Private Equity Funds and Syno Capital. Cynvenio is led by Andre de Fusco. Cynvenio said the deal includes an agreement o set up a Chinese joint venture with Livzon Pharmaceutical Group.

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Triton Digital Signs Emmis Radio

socalTECH

Los Angeles-based Triton Digital , a provider of services to help radio stations and others stream digital audio and insert ads into their audio content, reported a win Tuesday with Emmis Radio. Financial impact of the win were not disclosed. Triton Digital says its technology will go towards monetizing content across 19 Fm and 4 AM radio stations owned by Emmis Radio.

Content 125
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Evite: We've Sent 2 Billion Invitations

socalTECH

Los Angeles-based digital invitations service Evite , which is owned by Liberty Interactive, said it has just send out its 2 billionth event invitation, which is says is a major milestone for the company. As a celebration of the 2 billionth event invitation, the company said it sprung a surprise party for the host of that event, a mother in Northern California, ramping up the event with a $25,000 party featuring carnival tents and performers, midway games, photo booth, catered lunch, and much, m

Evite 125
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ProProfs Buys HelpIQ

socalTECH

Los Angeles-based ProProfs , a developer of online quiz, tools, learning, and other software, has acquired knowledge base software developer HelpIQ , according to the company. Financial terms of the acquisition were not disclosed. HelpIQ develops cloud-based software for managing online documentation and help, and is used to create online knowledge bases.

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Rayton Solar Finds $1M

socalTECH

Santa Monica-based Rayton Solar , a startup developing solar industry manufacturing technology, announced this morning that it has raised $1M in seed funding, and is looking for another $1.2M. The startup--which is utilizing laser technology from UCLA--said it has created a process which uses 1/50 to 1/100 less silicon to manufacture solar panels, which uses laser beams to deposit silicon on those panels, dramatically reducing the cost of those panels to manufacture.

UCLA 125