Trending Articles

Change The Way You Negotiate

InfoChachkie

A version of this article previously appeared Forbes. Entrepreneurs have to be wily in all of their transactions, especially long-term commitments, such as property leases.

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Three Bitcoin Billionaires Share Their Story of How They Moved Early into the Asset Class

Both Sides of the Table

At the recent Upfront Summit my partner Stuart Lander had the opportunity to show some California Love and interview three of the wealthiest Bitcoin owners, each of whom were some of the earliest owners in the asset class and who haven’t sold any of their holdings.

Watch SpaceX Falcon Launch From Vandenberg At 6:17AM

socalTECH

Hawthorne-based SpaceX is getting set for another attempted launch of the PAZ satellite mission from Vandenberg Air Force Base this morning, with an expected launch at 6:17 a.m. The launch, due to its twilight hour, may be visible across Southern California.

Investment Fund Vision Esports Raises $38 Million

L.A. Business Journal

Investment fund Vision Esports announced on Feb. 22 that it raised $38 million in a round led by Evolution Media, the investment firm backed by Creative Artists Agency and private equity fund TPG Growth

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Esri Acquires ClearTerra

socalTECH

Redland-based GIS software giant Esri announced on Friday morning that it has acquired ClearTerra , a developer of data extraction technology, from ClearShark, LLC. Financial details of the acquisition were not announced. ClearTerra's technology helps extract unstructured data from emails, briefings, and reports, and automatically extracts geographic coordinates from that information. According to Esri, it will use the technology acquisition to add those same features to its ArcGIS platform.

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Silicon Beach Report Feb 22: Kylie Jenner’s Tweet Cuts $1.3 Billion of Snap's Market Value

L.A. Business Journal

Kylie Jenner’s tweet cuts $1.3 billion off Snap's market value; investment fund Vision Esports raises $38 million; and SpaceX successfully launches, but narrowly misses catching $6 million nose cone

Digital LA - International Startup Cities Pitch and Olympics Viewing Party

SoCal Tech Calendar

Wednesday, February 21, 2018 -- Digital LA - International Startup Cities Pitch and Olympics Viewing Party. Join us for our first International Startup Cities Pitch and Olympics Viewing Party at CTRL Collective DTLA. Representatives from different countries will give a 10 minute overview of their startup tech scenes and connections to LA, followed by startup pitches from startups from each country. Judges and audience will vote on a winner.

Bio Roundup: Meldonium Slip, Kratom Crackdown, Zinc Fingers & More

Xconomy

The 2018 Winter Olympics will end soon, and we did not skate through these games without a performance-enhancing drug allegation rearing its ugly head. This time, the drug in question was meldonium (Mildronate), a product widely available over the counter in Russia and some Eastern European countries. Though Latvian pharmaceutical company Grindeks markets meldonium for heart conditions, the drug also reportedly boosts stamina and endurance.

Hire a consultant; ignore the advice.

Berkonomics

At one time or another, most all businesses use consultants to fill the gaps in knowledge or to provide guidance for management. Consultants are good in that you can sample their work with short projects, change to other consultants quickly, and stop using them when a project is completed.

Sonos Wins Patent Ruling Against D&M Holdings

socalTECH

Santa Barbara-based whole home audio systems developer Sonos has scored a win in the courts this week, when a federal judge invalidated a home audio patent held by D&M Holdings , the owner of such brands as Denon and Boston Acoustics. D&M Holdings had filed a patent infringement suit (D&M Holdings et al. Sonos Inc.) against Sonos in March of 2016, saying that Sonos had infringed on U.S. Patent No.

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Caltius Equity Partners Sells Vision Technology Solutions

L.A. Business Journal

Caltius Equity Partners announced on Feb. 22 the sale of its portfolio company Vision Technology Solutions, a website developer for government organizations in the U.S. and Canada, to cloud-based software developer Granicus for an undisclosed amount

Namely HR Santa Monica Launch Event!

SoCal Tech Calendar

Tuesday, February 27, 2018 --.

Smart Cities Initiative Spurs “Gigabit Apps” for Next-Gen Internet

Xconomy

In late 2015, the National Science Foundation awarded a $6 million grant to the non-profit organization U.S. Ignite to help drive the development of next-generation “gigabit applications,” as part of a broader effort to create “smart gigabit communities” throughout the U.S.

Intellisense Spins Out Of Physical Optics Corporation

socalTECH

Torrance-based Physical Optics Corporation (POC), a military, defense, and security integrator, said this morning that it has spun off a new company called Intellisense Systems, Inc. According to POC, Intellisense Systems will also be based in Torrance, and will employ 83 people, with $24M in revenues. Intellisense said it will engineer, design, develop, test and produce sensor systems and optoelectronic solutions for the U.S. Government and commercial markets.

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Snap's Evan Spiegel Pulls Down Massive $637.8M Paycheck In 2017

socalTECH

Evan Spiegel , the CEO of Venice, California-based Snap Inc. , the parent company of Snapchat , was paid $637.8M in compensation in 2017, in combined stock options and salary--the third highest CEO payout ever , according to Reuters. Spiegel's big payday was split between $636.6M in stock-based awards, plus $1.2M in salary. The details on Spiegel's big payout were revealed in its 10-K filing on Thursday. READ MORE>>. snap snapchat evan spiegel paycheck snapinc social networking

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Vision Esports Snags $38M From Sports Teams, Invests In 3 Esports Companies

socalTECH

Beverly Hills-based Vision Esports has raised $38M in a funding round, and said it invested in 3 Esports companies--Echo Fox, Twin Galaxies and Vision Entertainment. Vision Esports said its funding round was led by Evolution Media (backed by the Creative Artists Agency, CAA) and TPG Growth, and also included a number of organizations and athletes from the professional sports field, including Odell Beckham Jr., the New York Yankees, the St.

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LiveXLive Shifts To NASDAQ

socalTECH

Beverly Hills-based live-streaming and on-demand video content provider LiveXLive has shifted its public listing to the NASDAQ Capital Market, the company said on Thursday, and is now trading as LIVX. The company--which previously had been traded over-the-counter--is led by Chairman and CEO Robert Ellin. LiveXLive says its platform and app, deliver premium live-streamed and on-demand video content from live music events and festivals. READ MORE>>.

Moonshots Capital Leads Investment In Complai, Developer Of Shep

socalTECH

Los Angeles- and Austin-based Moonshots Capital , the new venture investment fund founded by Kelly Perdew and Craig Cummings, is on an investment roll, and has made another investment from its fund. Complai , the company behind the Shep business travel management Chrome extension, said late Thursday afternon that it has raised $1.4M

ImmunoCellular Therapeutics Seeks Buyer, Hires Investment Banker

socalTECH

Los Angeles-based biotechnology developer ImmunoCellular Therapeutics said this morning that it has launched a "review of strategic alternatives", and has hired an investment banking firm, Ladenburg Thalmann & Co. Inc., as a strategic financial advisor. According to the company, Ladenberg will assist in review of the company's business and assets and exploration of strategic opportunities for enhancing stockholder value, including the potential sale or merger of the company.

Tap Starts Shipping Wearable Which Makes Anything A Keyboard

socalTECH

Pasadena-based Tap Systems , a startup which develops a "wearable" which monitors your fingers and makes any surface a virtual keyboard, says it has begun shipping its products to customers. The company, which has been taking pre-orders since November, has created a device which is strapped onto your fingers, and monitors your finger movement to input information through a special app, "TapGenius". Tap says its device works with any Bluetooth device, and takes about an hour to learn how to use.

Cornerstone OnDemand Links With Institute for the Future

socalTECH

Santa Monica-based cloud-based learning and human capital management software developer Cornerstone OnDemand is aiming to make it easier for employers to help their people learn the skills they need to survive in the "workplace of tomorrow", through a link with think tank Institute for the Future. According to Cornerstone OnDemand, the effort will help organizations with priotizing their workforce learning efforts, and help their workers learn the skills they need to prepare for tomorrow.

FanAI Finds $2.5M For Esports Monetization

socalTECH

Santa Monica-based FanAI , a startup that it using artificial intelligence to identify and optimize sponsorship engagement in the eSports world, has raised $2.5M in a funding round, the company announced this morning. The funding round was led by Courtside Ventures and CRCM Ventures, and also included BITKRAFT Esports Ventures, BDS Capital, Catalyst Sports, Deep Space Ventures, Everblue Management, Greycroft GC Tracker Fund, M Ventures, Rosecliff Ventures, and Sterling VC.

NVCA Takes Aim At Sexual Harassment In Venture Capital

socalTECH

The National Venture Capital Association , the industry group which represents the venture capital industry, is taking aim at sexual harassment issues in the industry with a new set of reference documents for startups and venture firms. According to the NVCA, it has released a set of sample human resources politices for addressing harassment and discrimination, a set of "best practices" for addressing those issues, and a sample "code of conduct" policy.

SpaceX Tries To Catch Fairing After Successful Launch

socalTECH

Hawthorne-based SpaceX , which successfully launched its latest mission from Vandenberg Air Force Base on Thursday morning at 6:17 a.m., also attempted a new experiment during the launch: an attempt to capture the fairing of the rocket as it descended back from space. The fairing of the rocket is used to cover the satellite payload atop the company's Falcon 9 rockets, while it is still exposed to the Earth's atmosphere.

Marlin Equity Acquires Propelics

socalTECH

Los Angeles-based private equity investor Marlin Equity has acquired San Jose-based Propelics , a developer of mobile apps for enterprise customers, Marlin Equity said on Thursday. Marlin acquire Propelics via portfolio company Anexinet Corporation , which is based in Philadelphia. Financial details of the buy were not announced. Marlin Equity said it merged Propelics with Anexinet to accelerate Anexinet's modernization and digital business strategy. READ MORE>>.

Silicon Beach Report Feb. 21: Snapchat Promises Update After Users Balk at Redesign

L.A. Business Journal

Snapchat promises update after users balk at redesign; Elon Musk leaves AI foundation he co-founded; and Port Logistics Group invests in e-commerce startup Whiplash

No, Elon Musk Is Not Giving Away Free Ethereum

socalTECH

Elon Musk , the founder of Los Angeles-based SpaceX , as well as electric vehicle firm Tesla Motors , is not giving you free Ethereum.

Tinder Flaw Allowed Anyone Into Your Account, Using Just Your Phone Number

socalTECH

Los Angeles-based dating app developer Tinder has been vulnerable to hacking, in an exploit which just required someone to have your phone number, according to a security researcher , who published information on a (now fixed) bug in Tinder's login process. According researchers at security researcher Anand Prakash, the flaw came from Tinder's use of the Facebook Account Kit API, an API which allowed anyone with a Facebook account to sign into Tinder using just their phone number.