Berkonomics
APRIL 27, 2017
We’ve spent several weeks discussing your vision for success, and whether you could be the next Ford, Jobs or Musk. Now it’s time to make this more tangible, more real – by attaching personal goals to this vision we’ve created together for you. So, your vision tells the world what you want to be as you contemplate how you will change the world for the better.
socalTECH
APRIL 25, 2017
Los Angeles-based TeleSign , which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS , in a deal worth $230M in cash plus unspecified earnout. BICS said that TeleSign has annual revenues of around $100M. As part of the deal, BICS said that TeleSign will continue to operate independently as a wholly-owned subsidiary of the company, led by current CEO Aled Miles.
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L.A. Business Journal
APRIL 27, 2017
Elon Musk’s budding tunneling company, Boring Co., showed signs of progress on Thursday as an employee posted an image of what appears to be the company’s first boring machine.
SoCal CTO
APRIL 25, 2017
Here is the most recent version of an all too common email inquiry from a startup founder. I've removed the two words that described the market - otherwise this is verbatim. I'm working on a start up idea in the XXX market with my partner and we are currently looking for full stack developer to join us as a technical co-founder. We have been reading about the LA CTO Forum and we thought it would be a great place to find him/her.
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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.
SoCal Tech Calendar
APRIL 28, 2017
Thursday, May 4, 2017 -- LA CEOs presents: Drones Today, Tomorrow, The Future. This CEO and CFO only breakfast will focus on Drones and led by Dan Burton Founder and CEO of DroneBase, the world's leading drone services company with 15,000+ commercial drone flights in over 40 countries. Dan was an early user of military and commercial drone systems, serving as a Marine Infantry Officer in Iraq and Afghanistan and building / piloting commercial drones starting in 2012.
socalTECH
APRIL 25, 2017
Irvine-based cybersecurity firm CrowdStrike appears to be the latest victim of unsubstantiated "facts" from the current White House administration, as President Trump inferred that the company, incorrectly, is owned by a "very rich Ukrainian". The company is actually backed by Google Capital, Rackspace, Accel Partners, and Warburg Pincus. CrowdStrike's founder is George Kurtz, who founded Irvine's Foundstone, and later sold it to McAfee.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
APRIL 26, 2017
As a mentor for aspiring and early-stage entrepreneurs, I talk to a fair number who may have a great vision and a strong engineering background, but have a negative interest in the role of public speaking in business. In fact, they often claim to be part of the survey group that fears public speaking more than death, but I’m not sure how anyone could validate that survey.
SoCal Tech Calendar
APRIL 27, 2017
Tuesday, May 2, 2017 -- Developing International Relationships into Business Advantages. CONNECT. The world is becoming ever more closely connected and smart companies are building international relationships to take their business further, faster. Mexico and San Diego have built a strong, synergistic partnership based on proximity, shared goals to build a better economy, and building complementary assets.
socalTECH
APRIL 24, 2017
A new app, JobFlare , developed by Los Angeles-based Criteria Corp. , is hoping to tap into the enthusiasm of consumers for games--which just might attract employers. According to Criteria, which has been offering up pre-employment testing services to employers since 2006, its new cam allows job seekers to play a set of six, 90-second brain games, which it says are "scientifically crafted" to test key talents and cognitive abilities.
L.A. Business Journal
APRIL 28, 2017
Elon Musk revealed a conceptual video of a multistoried tunnel system under the city of Los Angeles, which he aims to build with his startup Boring Co., at a TED conference in Vancouver, Canada, on Friday.
Startup Professionals Musings
APRIL 23, 2017
Everyone in the business world has heard of the old bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them. In fact, it’s all about the “focus” required to get early stage technology products across the deadly chasm from early adopters to mainstream customers. Most investors and startup professionals expand this concept of focus to apply to key issues of every aspect of strategic and tactical planning in a startup.
SoCal Tech Calendar
APRIL 27, 2017
Wednesday, May 3, 2017 -- Del Mar Electronics and Manufacturing Show.
socalTECH
APRIL 28, 2017
San Diego-based Epic Sciences has raised $40M in a Series D funding, for its cancer testing technology, the company announced Friday morning. According to Epic Sciences, the funding was led by Hermed Capital, and also included Altos Capital Partners, Domain Associates, Genomic Health, Pagoda Investment, Reach Tone Limited, RMI Partners, Sabby Capital and VI Ventures.
L.A. Business Journal
APRIL 26, 2017
Prominent seed-stage startup investor Chris Sacca announced in a blog post titled “Hanging up my spurs” on Wednesday that he has retired from venture capital investing.
Startup Professionals Musings
APRIL 28, 2017
Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. In fact, investors will tell you that ideas are worth nothing, outside the context of a real team with a real plan.
SoCal Tech Calendar
APRIL 28, 2017
Thursday, May 4, 2017 -- Del Mar Electronics and Manufacturing Show.
socalTECH
APRIL 26, 2017
Los Angeles-based Dave , a developer of artificial intelligence for preventing bank overdraft fees, said this morning that it has raised $3M in a seed funding round. The funding came from Mark Cuban, SV Angel, The Chernin Group, along with Jonathan Kraft, Skip Paul and Diplo. Dave's mobile app helps users predict their expenses and avoid overdrafting their checking accounts--plus also lets users borrow money as an advance on their paycheck.
L.A. Business Journal
APRIL 28, 2017
Musk reveals multistoried tunnel system concept in video, Virgin Galactic’s Richard Branson noncommittal on SpaceShipTwo launch dates, and blue collar online job marketplace Work Today raises $1.1 million.
Xconomy
APRIL 25, 2017
Over the past 28 years or so, ResMed (NYSE: RMD ) has built an empire around its respiratory devices for managing sleep apnea and other forms of “sleep-disordered breathing.” In the fiscal year that ended last June, the San Diego maker of respiratory machines for maintaining continuous positive airway pressure (CPAP) generated over $1.8 billion in global sales.
Startup Professionals Musings
APRIL 24, 2017
We all know some peers in business who could use some coaching to unleash their potential and optimize performance, but would you know how to do the job if they asked you for help? Most people find it easier and quicker to just do the work themselves, than to guide someone else through the mindset and process needed. The result is frustration and dissatisfaction all around.
socalTECH
APRIL 25, 2017
San Diego-based Forge Therapeutics , a biotechnology startup developing antibiotics, said on Tuesday that it has raised $15M in a Series A funding. The funding was led by MagnaSci Ventures, along with Evotec AG, Alexandria Venture Investments, MP Healthcare Venture Management, Red Apple Group, and WS Investments. MagnaSci Ventures's Brian Dorsey joins the company's board along with the funding.
L.A. Business Journal
APRIL 27, 2017
Elon Musk’s Boring Co. machine revealed, SpaceX launches top-secret satellite for National Reconnaissance Office, and mobile-phone tracking startup Sense360 raises $7 million.
Xconomy
APRIL 25, 2017
One reason that drug-resistant “superbugs” are a growing healthcare problem is the hardiness of gram-negative bacteria, a type of bacteria whose characteristics render many antibiotics ineffective. Forge Therapeutics says it has found a way to target an enzyme found only in these bacteria, and potentially take them out. Now, the biotech firm is preparing to bring that technology into clinical trials.
Startup Professionals Musings
APRIL 22, 2017
I know entrepreneurs who have suffered from premature execution often associated with the ready-fire-aim quick-to-market approach. Yet I believe that many more have benefited from this approach, especially in early startup stages. If your product is highly innovative, and speed to market is critical, you won’t get it right the first time anyway, no matter how cautiously you plan.
socalTECH
APRIL 28, 2017
San Diego-based Qualcomm says that Apple is continuing to "improperly interfere" with its business, saying that Apple has been withholding payments to its contract manufacturers for royalties those manufacturers owe to Qualcomm, and has indicated that it will continue to do so until it resolves its dispute with Qualcomm. As a result of that action, Qualcomm revised its Q3 FY17 Estimates down from an earlier $5.3 billion to $6.1 billion in revenues, to a new estimate of $4.8 billion to $5.6 billi
L.A. Business Journal
APRIL 26, 2017
Chris Sacca retires from startup investing, Breitbart struggles to define its media role in Trump Era, and Global Eagle CEO says fraud or misconduct not responsible for exec departures and accounting issues.
Xconomy
APRIL 28, 2017
To judge the first 100 days of a new administration is, as many pundits have pointed out, an odd vestige of history, more convenient than significant. Which is why we’ll start this week’s roundup with our 99-day evaluation of the Trump administration—at least when it comes to healthcare and the life sciences. In healthcare, nothing the administration has done is starker than its failure so far to repeal and replace the Affordable Care Act, a.k.a.
Both Sides of the Table
APRIL 23, 2017
When you run a startup you’re always on borrowed time. You have cash in the bank, a monthly burn rate and a “cash out” date that few in the company truly comprehend. I’ve never met a founder who wasn’t acutely aware of his or her ticking time bomb and the sense that failure and humiliation is a real possibility. It’s why so few can really start a business from scratch.
socalTECH
APRIL 24, 2017
Santa Monica-based The Preccelerator Program , which is run by Stubbs Alderton & Markiles, LLP, has announced its sixth class, saying it has added five startups to its startup accelerator program. The accelerator said it has added Animate Objects (AR/VR technology); RentSpree (apartment rental applications); Tapp That App (mobile app discovery); Ca$het (product placement in TV shows and movies); and Swoppit (social marketplace for fashion) to the program.
L.A. Business Journal
APRIL 25, 2017
Belgium telecommunications company BICS to buy TeleSign for $230 million, in-home clinical trial software startup Science 37 raises $29 million, and Soylent recalls powder after accidental mixing with whey.
Xconomy
APRIL 26, 2017
Four months after its drug nusinersen (Spinraza) became the first ever approved to treat the rare genetic disease spinal muscular atrophy, Biogen (NASDAQ: BIIB ) released study results Tuesday that could help more patients gain access to the expensive drug. The data, from a 126-patient study called CHERISH , provide the most detailed evidence to date that nusinersen can benefit patients with multiple forms of SMA, a degenerative muscle disease that can rob people of their ability to walk and fun
socalTECH
APRIL 27, 2017
Los Angeles-based General Assembly , best known for its roster of classes on all aspects of startup and technology, is launching a new effort to let people rent coworking space at its facilities. General Assembly said, starting on May 1st, it will let members of LA's tech community pay for membership, getting access to a private desk with 24/7 access, as well as access to its campus lounges, conference rooms, open workspaces, communal tables, and kitchens.
socalTECH
APRIL 27, 2017
Carlsbad-based ChromaCode , a developer of molecular diagnostics technology, announced on Thursday that it has raised $12M in a Series B funding round. The funding was led by New Enterprise Associates (NEA), and also included Domain Associates and Okapi Ventures. ChromaCode says its software and assay technology leverages existing real-time PCR instruments and uses digital signal processing to dramatically improve molecular analysis.
socalTECH
APRIL 26, 2017
Los Angeles-based Sense360 , a developer of analytics software and mobile sensor technology for helping restaurants undersetand how consumers are interacting with their locations, has raised $7M in a Series A funding. The funding was led by Firstmark, and also included Qualcomm Ventures and Upfront Ventures. Sense360 is led by startup veteran Eli Portnoy, who was last founder of ThinkNear, which he took from start to exit in only 14 months.
socalTECH
APRIL 26, 2017
Eugene Cho is CEO of San Diego-based Echo Laboratories (www.discover-echo.com), a startup which is developing a new kind of microscope. The startup is backed by the Tech Coast Angels and Dolby Ventures. Eugene tells us about how his long experience in sales in the microscope industry really enabled the company to get traction quickly, and how that traction--and particularly, sales and market knowledge--was the key to finding funding for its efforts, changing the conversation from "what's this wi
socalTECH
APRIL 25, 2017
Los Angeles-based MomentFeed , which develops social marketing software to help multi-location, retail brands better manage the information about their local stores, has linked up with Snapchat's partner program, according to the company. Snapchat said that MomentFeed is now one a number of "Snapchat Partners", which lets MomomentFeed's customers execute targeted, location-based paid advertising campaigns using Snap Ads and Geofilters.
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