Berkonomics
JANUARY 5, 2017
In the non–profit world, the term, “time, talent and treasure” has been used so often it is almost at the edge of being trite. It’s used in that arena to describe a volunteer’s sacrifice in support of the non–profit enterprise. I have been surprised to discover that it seems undiscovered in the business world. So, let’s bend the meaning to help us focus on resources while preserving those words.
L.A. Business Journal
JANUARY 3, 2017
Electric bus manufacturer Proterra of Burlingame announced on Tuesday that it has raised $140 million from investors, which will be partly used to start manufacturing and hiring at its City of Industry plant.
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socalTECH
JANUARY 4, 2017
Redlands-based GIS and mapping software developer Esri is dipping its toes into the connected car market, saying that it is showing off use in the connected car market at CES. Esri said on Tuesday that its mapping and spatial anlytics technology will be shown off at an automated driving demonstration in conjunction with Microsoft, NXP Semiconductors, IAV, Cubic Telecom, and Swiss Re.
InfoChachkie
JANUARY 4, 2017
A version of this article previously appeared in Forbes. I made many mistakes when I was building my startups. Though the outcomes were financially lucrative, […]. The post Stay Stoked: Business Travel Doesn’t Have To Suck appeared first on John Greathouse.
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SoCal Tech Calendar
JANUARY 6, 2017
Thursday, January 12, 2017 -- TCVN Workshop: Lean Analytics- Vanity vs Actionable Metrics. TCVN. Most entrepreneurs are swimming in a sea of metrics. In today's business world there is no lack of data. It is impossible to act upon every number, every data set. The questions is "What are the numbers that can make the most difference to your business?
L.A. Business Journal
JANUARY 5, 2017
Imax Corp. will open a virtual reality arcade at the Grove shopping center at the end of this week. The facility is the first of six planned virtual reality arcades worldwide, including spaces in Great Britain, Japan, and China.
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Xconomy
JANUARY 5, 2017
[ Corrected 1/5/17, 8:07 am to show company was spun out of UW two months ago. ] A San Diego-based startup spun out from the University of Washington just two months ago is today announcing a $35 million deal with Takeda, Japan’s biggest pharmaceutical. PvP Biologics was founded to advance KumaMax, a synthetic enzyme (depicted in the above image) that shows promise as an oral drug for treating celiac disease.
Startup Professionals Musings
JANUARY 4, 2017
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. In reality, patents are only one of at least eight items that should be in your IP portfolio. You need all these before you start looking for funding.
L.A. Business Journal
JANUARY 5, 2017
Imax to launch VR arcade in Los Angeles, former Snapchat executive alleges app misrepresented growth numbers, and Hulu to add CBS to live streaming service.
socalTECH
JANUARY 5, 2017
Wingsland Technology , a Chinese manufactuer of drones for the consumer market, announced on Wednesday that it has opened up its first international office, in Los Angeles. According to the company, the new office will help it service the growing U.S. market. Wingsland said it has opened up an office in the City of Industry, which will include a warehouse, local inventory, and a product, customer service team, and dedicated marketing and sales team.
Xconomy
JANUARY 6, 2017
This past Christmas weekend, Ana Memedovich had her best two days in more than a decade. Her 23-year-old son Mikhail has spinal muscular atrophy, or SMA, a rare genetic disease that has slowly robbed him of the ability to walk and function independently. On Dec. 23, the FDA approved nusinersen (Spinraza), the first-ever drug for the disease. More than a decade after his diagnosis, Mikhail only has the strength to take a few steps on his own.
Startup Professionals Musings
JANUARY 1, 2017
Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2017, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle. After all, most of us spend more hours in this role than any other, and life is too short to spend most of your life unhappy. If you haven’t tried it, one way to be happier at work is to be an entrepreneur, according to a Forbes article and a study by Babson College.
L.A. Business Journal
JANUARY 6, 2017
Faraday Future claims electric car has more than 64,000 reservations, Honest Co. draws boycott for support of Trump’s ‘Apprentice,’ SpaceX wins several manned space-flight contracts from NASA, and more.
socalTECH
JANUARY 4, 2017
Pasadena-based Vertical Management Systems , a developer of financial technology and software for managing fiduciary risk, fee transparency, and revenue reconciliation, has been acquired by NewSpring Holdings. Financial terms of the acquisition were not disclosed. Vertical Management Systems (VMS) provides its software to large financial institutions.
Xconomy
JANUARY 2, 2017
With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” When I worked in the Reagan Administration, the “Gipper” used to handle questions like this by saying he couldn’t respond to hypothetical questions.
Startup Professionals Musings
JANUARY 6, 2017
Don’t you wish you could be as lucky as Mark Zuckerberg or Elon Musk, who always seem to be in the right place at the right time for their business ideas to thrive? After many years of working in large companies as well as small, and watching the people that succeed, I’m convinced that luck has very little to do with it. I see instead a common set of principles that all these people live by.
L.A. Business Journal
JANUARY 3, 2017
Proterra raises $140 million and plans to increase hiring at City of Industry plant, SpaceX to resume launches on Jan. 8, and Mattel working on voice assistant for kids.
socalTECH
JANUARY 3, 2017
Electric bus maker Proterra announced this morning that it has raised $140M in an equity funding round, a chunk of which will go towards ramping up initial production in the City of Industry, and hiring "key personnel" in Los Angeles and elsewhere for its electric bus manufacturing. According to Proterra, which is based in the Bay Area, the Series 5 round of funding was led by a $40 million investment from an undisclosed investor, an additional $60 million from several new investors, and also in
Xconomy
JANUARY 3, 2017
We have made it a priority since the inception of the DEC to incorporate diversity into all that we do. We have hired a diverse workforce. We have created programs focused on diverse audiences including gender, age, religion, ethnicity, political affiliation, and more. We have made all of this a priority not only because it is the right thing to do, but also because a more diverse workforce and program offering has made our organization a better run and more relevant organization based upon our
Startup Professionals Musings
DECEMBER 31, 2016
Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination. I was reading an old article written by marketing guru Seth Godin a while back where he mentions that “it takes about six years of hard work to become an overnight success”.
L.A. Business Journal
JANUARY 6, 2017
3Diligent has formed a business around lining up 3-D printing companies with clients.
socalTECH
JANUARY 6, 2017
Calabasas-based audio processing technology developer DTS announced this morning that its DTS Headphone:X technology has been integrated into several new notebook PCs from LG. According to DTS, the technology will be designed into the LG Gram series models 13Z970, 14Z970, 15Z970 and 15U470, the first notebook PCS to integrate the technology. Terms of the technology licensing deal were not announced.
Xconomy
JANUARY 5, 2017
Grail, the Menlo Park, CA-based diagnostic startup unveiled last year by the genome sequencing giant Illumina (NASDAQ: ILMN ), plans to raise over $1 billion from undisclosed strategic industry partners and other investors, according to a statement today from Illumina. Grail has hired Goldman Sachs to handle the massive deal, which is expected to close before March 31st.
Startup Professionals Musings
JANUARY 2, 2017
People who are good at solving problems for other people make great entrepreneurs. That’s what a business gets paid to do. The challenge is not the same as inventing a new technology, or finding things that make you feel good, and assuming that everyone will want one. In business, the ability to solve problems is called “street smarts,” and it’s more valuable than “book smarts.
L.A. Business Journal
JANUARY 6, 2017
Faraday Future said that 64,124 reservations were placed for its FF 91 electric SUV within 36 hours of the vehicle’s unveiling at the Consumer Electronics Show in Las Vegas.
socalTECH
JANUARY 6, 2017
Carlsbad-based radio frequency and mixed signal integrated circuit (IC) developer MaxLinear says that one of its chips has been selected for design into a set-top-box. The company said its MxL603 global terrestrial tuner--used for decoding over-the-air HDTV--is being incorporated into Air HDTV, a product being developed by Wireless Innovation Group.
Xconomy
JANUARY 4, 2017
San Diego’s Edico Genome is now in its fourth year as a startup, and well into the hard slog of striking partnership deals, generating revenue, and building a business. Founding CEO Pieter van Rooyen started Edico with the idea of developing a specialized processor to accelerate the way genome sequencing data gets processed. Today Edico says it has joined forces with Dell EMC to provide a service that combines Edico’s analytical tools with Dell EMC’s data storage and cloud-based computing capabi
socalTECH
JANUARY 6, 2017
Los Angeles-based Tribogenics , the developer of handheld, X-ray equipment initially being targeted for metal analysis, said late Thursday that it has signed up a distribution partner in Southeast Asia. Tribogenics said it has signed up HORIBA Scientific to distribute its new Watson hand-held XRF metal analyzers throughout Southeast Asia. Tribogenics has taken X-ray technology--originally developed at UCLA--which shrinks X-ray equipment down to handheld size, using a technology called tribolumin
socalTECH
JANUARY 5, 2017
La Jolla-based Avidity Biosciences , a biopharmaceuticals developer focused on monoclonal antibody and siRNA-based therapeutics, said today that it has raised $16M in a Series B funding round. The round included $10M in new capital, combined with conversion of $6M in convertible debt. The funding was led by Takeda Pharmaceuticals, and also included Alethea Capital, Alexandria Real Estate Equities, Brace Pharma, EcoR1 Capital, F-Prime Capital, Moore Venture Partners and Tavistock Life Sciences.
socalTECH
JANUARY 5, 2017
E-commerce giant Amazon.com is reportedly eyeing a bid for bankrupt Los Angeles fashion retailer American Apparel , according to Reuters. Amazon.com joins Forever 21, Next Level Apparel and Authentic Brands Group LLC among companies which are looking at buying American Apparel out of bankrupcy, according to the report. American Apparel filed for bankruptcy in November.
socalTECH
JANUARY 5, 2017
Venice, California-based Snap, Inc. , the parent company of Snapchat , has filed lawsuit in the Los Angeles County Superior Court, alleging that he was fired for refusing to tell lies to potential IPO investors. The lawsuit, filed by Anthony Pompliano, claims that Snapchat used false statistics on user numbers to recruit Pompliano from Facebook, and that Snapchat has since made it difficult for him to find a new job.
socalTECH
JANUARY 5, 2017
San Diego-based Lynx technology , a developer of software for managing media libraries and smart home devices, said today that it has launched its first product, called SmartLynx 1.0. The product, aimed at the "smart home" market, is aimed at embedding into wireless routers, gateways, set-top-box (STB) and network attached storage (NAS) devices. Lynx Technology said the product is based on "Twonky", a product which was originally developed by PacketVideo, and also said its technology team is the
socalTECH
JANUARY 5, 2017
San Diego-based Neurelis , a developer of a drug treatment for epilepsy, has raised a Series B round of funding, the company said this morning. Size of that funding was not announced. The funding was led by HBM Healthcare Investments, and also includes earlier investor LYZZ Capital. According to Neurelis, the funding will go towards clinical trials of its intranasal drug aimed at treating pediatric, adolescent, and adult epilepsy patients who experience acute repetitive or cluster seizures.
socalTECH
JANUARY 4, 2017
Fountain Valley-based solid state memory maker Kingston Digital the flash-memory arm of Kingston Technology, has rolled out a new, high capacity USB flash drive which offers upto 2T of storage space. According to Kingstone Digital, the USB flash drive is now the world's highest capacity USB flash drive. Kingston did not announced planned pricing on the drive, which it says will be available in February.
socalTECH
JANUARY 4, 2017
San Luis Obispo-based software developer MINDBODY , which develops cloud-based software used for business management by the wellness services, yoga, fitness, and related industries, says it has integrated its services with Google Search and Google Maps. MINDBODY said that it has teamed with a new program, "Reserve with Google", which will let Google users book fitness and wellness classes directly from Google Maps, Search, and a new standalone website.
socalTECH
JANUARY 6, 2017
San Diego-based life sciences equipment maker Illumina says that its cancer detection spinout, GRAIL , is now expecting to raise approximately $1 billion in its Series B funding. GRAIL, which was founded by Illumina, is developing blood tests for early stage cancer detection. Names of the investors in the $1 billion funding round were not announced.
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