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Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

seed funding falls sharply in first quarter, Brian Lee and Ron Burkle-backed medical apparel Startup Jaanuu raises $5 million from retail execs, and Nasty Gal founder Sophia Amoruso’s dramatic biopic releases Friday on Netflix

This Student Talked His Way Into Google Through Courageous Networking

InfoChachkie

A version of this article previously appeared in Forbes. Andrew Fuller (left) and Jonas Bolduan I encourage my UC Santa Barbara entrepreneurial students to err […]. The post This Student Talked His Way Into Google Through Courageous Networking appeared first on John Greathouse

Want to Communicate Your Science? First, Step Back

Xconomy

Think for a moment about the words and phrases that life science researchers and executives use on a daily basis. I’m talking about the seemingly simple phrases like “investigational drug,” “novel target,” “immunotherapy,” “clinical trial,” “in vitro,” and “therapeutic window.”

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Decoding The Secret To Success In Subscription Businesses: Georg Richter, OceanX

socalTECH

What's the secret to creating a profitable, successful, physical subscription based business--and to do that at the scale of large, consumer product goods (CPGs) companies? Georg Richter , CEO and founder of OceanX (www.oceanx.com), tells us how he's applying what he learned in many years of experience in direct selling, most recently as President and COO at Guthy Renker, to help large CPGs decode how to succeed in creating their own, physical subscription businesses.

Getting Your Head in the Game for Fund Raising

Both Sides of the Table

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.

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Caltech, UCLA, UCSD Rank Highly On Tech Transfer Ranking

socalTECH

The California Insitute of Technology (Caltech), the University of California, Los Angeles (UCLA), and the University of San Diego (UCSD) have all ranked very highly on a new ranking of universities for their technology transfer efforts, issued by The Milken Insitute , the Santa Monica-based thinktank.

How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

Just over a year ago I wrote about how MakeSpace had raised $17.5 million in capital to build out its operations in 4 cities: New York City , Los Angeles , Chicago and Washington D.C.

Silicon Beach Report April 19: Analyst Says Facebook Monopoly Crushing Competitors Such as Snapchat

L.A. Business Journal

Analyst says Facebook monopoly crushing competitors such as Snapchat, Hyperloop One delays testing of pod, and Jam City launches bubble shooter game based on ‘Peanuts

Growth Capital Conference

SoCal Tech Calendar

Thursday, April 27, 2017 -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, online demos. Hot Networking Breakfast at 7:00 AM sharp! See [link] (more

Phoenix Shops Its Cancer Drug as Potential Alzheimer’s Treatment

Xconomy

San Antonio — George Perry, a scientist at the University of Texas at San Antonio, has long proposed that drug developers and researchers need to look earlier into the roots of Alzheimer’s disease.

AmplifyLA: Dramatic Drop In Seed Funding In LA In Q1

socalTECH

Venice, California-based startup accelerator Amplify.LA reports that seed funding in Q1 of 2017 dropped precipitously, falling 42.2 percent from Q4 of 2016, and 43.8 percent, Year-over-Year. According to AmplifyLA , the number of seed deals dropped to 27 in the quarter, down from 32 from Q4, and--making a grim quarter even worse--the average seed size declined to only $1.9M raised, from $2.8M in the prior quarter.

Could you be the next Ford, Jobs or Musk?

Berkonomics

Well, it’s a fair question. Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who find a new marketplace or niche – or how to reach the mass market in new ways.

L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

While venture capital investment in L.A. startups rose slightly in the first quarter of 2017, seed-stage investments went in the other direction

Recurring Revenue Conference

SoCal Tech Calendar

Wednesday, April 26, 2017 -- Recurring Revenue Conference. Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors April 26, 2017 at the Recurring Revenue Conference (www.recurringrevenueconference.com) presented by Sutton Capital Partners. Whether you are a SaaS or subscription business, or if customer retention is critical to your success, this is the venue to attend. Use PROMO CODE. SoCalTECH100off for a $100 discount on the ticket price. Questions?

Bio Roundup: Spinraza Woes, Science March, Baseline Launch & More

Xconomy

Rumblings of a new Obamacare replacement surfaced this week, while scientists and their supporters prepared for Saturday’s—a.k.a. Earth Day’s—nationwide Marches for Science.

NantOmics Buys Genos

socalTECH

Culver City-based NantOmics , which is developing molecular diagnostics technology, said last week that it has acquired Genos , a developer of next-generation sequencing, personal genetic discovery and research. Financial terms of the acquisition were not announced.

TakeLessons CEO Discusses Chromatik Buyout, Why it’s a Good Fit

Xconomy

San Diego-based TakeLessons set out nine years ago to create a Web-based platform that helped match music students with qualified instructors. Since then, TakeLessons has raised a total of $20 million in venture capital, and expanded into new markets and services.

“Our Son’s Fate”: Parents Fighting for Kids’ Spine Drug Eye New Data

Xconomy

Melissa Marotta pulled no punches to get her three-year-old son C.J., who has the genetic disease spinal muscular atrophy, access to nusinersen (Spinraza), the first approved drug for his condition. For months, she couldn’t schedule a treatment date at Columbia University Medical Center/New York-Presbyterian Morgan Stanley Children’s Hospital, and for much of that time, she didn’t know why. She wrote every day to the hospital board until a breakthrough came.

Silicon Beach Report April 17: Telecom Firm Wilcon Acquired for $600 Million by Crown Castle Corp.

L.A. Business Journal

Telecom firm Wilcon acquired for $600 million by Crown Castle Corp., SpaceX’s August hyperloop competition will test maximum speed, and alleged comments from Snap CEO Evan Spiegel drop stock

Request Your Invitation to Xconomy’s Elite Napa Summit June 8-9

Xconomy

Nobel Laureate David Baltimore. Microbiome AND supercomputer pioneer Larry Smarr. Intellectual Ventures’ Nathan Myhrvold. Nicole Glaros of Techstars. These are just a few of the visionary speakers who will be headlining Xconomy’s sixth annual Napa Summit.

Silicon Beach Report April 21: Snap Inc. Acquires GeoFilter Patent from Mobi for $7.7 Million

L.A. Business Journal

Snap Inc. acquires geofilter patent from Mobi for $7.7 Million, Hyperloop One’s Chief Marketing Officer Kimberly Salzer leaves for Ozobot, and CalTech, UCLA ranked top universities for technology transfer

Pledgeling Launches Apple Pay Support

socalTECH

Los Angeles-based Pledgeling , which develops software-as-a-service to help brands raise money for nonprofits, said on Tuesday that it has launched support for Apple Pay, Apple's mobile payment service. Pledgeling said it is the first, US-based social enterprise and third-party platform approved by Apple to accept donations via Apple Pay. Pledgeling said it launched its Apple Pay support at a fundraiser for the American Red Cross Los Angles.

Silicon Beach Report April 18: Snap Launches Additional Augmented Reality Features for Snapchat

L.A. Business Journal

Snap launches additional augmented reality features for Snapchat, Facebook defends Snap copying strategy, says it’s just getting started, and TeleSign launches self-service APIs

Resonant Trumpets New Patent Wins

socalTECH

Goleta-based Resonant , which develops technology used for radio frequency (RF) filtering, says that it has just surpassed 125 issued and pending patents covering its technology. The company aid the two latest patents, issued on March 28th, were US Patent No.: 9,608,595, "Acoustic wave filters with enhanced rejection" and US Patent No.: 9,607,119, "Simulating effect of temperature on acoustic wave filters". Resonant is led by CEO George B. Homes. READ MORE>>.

Trump Executive Order Adds Uncertainty to Tech Visa Program

Xconomy

Is the U.S. high-skilled visa program, known as H-1B, an essential contributor to the innovation economy or a way for companies to replace American IT workers with immigrants at lower salaries? It’s a debate as old as the program itself, which began in 1990. The Trump administration on Tuesday joined the fray with a long-anticipated executive order that provides little insight into how the H-1B visa program would be reformed, or when.

Approved Opens for Business with $1M and Digital Mortgage Platform

Xconomy

Following a six-month trial of its digital mortgage platform, San Diego-based Approved has officially launched its Web-based software for home loan applications. In a recent statement , the 20-month-old startup also said it has raised $1 million in what co-founder and CEO Andy Taylor calls a “pre-seed round.” “Our

Gannett Co.'s ReachLocal Arm Acquires SweetIQ Analytics

socalTECH

Woodland Hills-based ReachLocal , the digital marketing service now owned by Gannett Co. , has acquired SweetIQ Analytics Corp. , a developer of software for location and reputation management. Financial terms of the acquisition were not announced. Gannett Co. said the acquisition will help it accelerate its product roadmap and expand the ReachLocal digital marketing suite of products. SweetIQ's headquarters are in Montreal, Quebec, and it also has a sales office in Irvine. READ MORE>>.

OpenX Names UX VP

socalTECH

Los Angeles-based OpenX , the programmatic advertising marketplace operator, said on Thursday that it has named Janice Rohn as its new Vice President of User Experience (UX). Rohn, who wil be based in Pasadena, will lead the company's User Experience (UX) team, according to the company. Rohn was most recently Vice President, User Experience at PubMatic, and also had served at AT&T, Experian, World Savings Bank, Siebel Systems, Sun Microsystems, as well as Stanford University and Apple.

The Gores Group Sells Fotona

socalTECH

Los Angeles-based private equity investor The Gores Group announced very late Thursday evening that it has reached a definitive agreement to sell Fotona Holdings , a manufacturer of high performance lasers for the medical, dental, and aesthetic market, to AGIC Capital. Financial details of the sale were not announced. The Gores Group said it acquired Fotona in 2014, through its Small Capitalization Partners investment fund. Fotona, which is based in Europe, was founded in 1964.

ESRI's Dangermond Backs GIS Data Startup SafeGraph

socalTECH

Jack Dangermond , the founder of Redlands-based Esri , is one of the angels which has backed San Francisco-based geospatial intelligence data company SafeGraph.

Xirrus Acquired By Riverbed

socalTECH

Thousand Oaks-based wireless networking equipment maker Xirrus has been acquired by Riverbed , to help bolster its SD WAN efforts, the two said on Wednesday. Financial terms of the acquisition were not announced. Riverbed said it will continue to offer up Xirrus as a stand-alone enterprise WLAN solution. Xirrus makes high density wireless access points, which were specifically aimed at corporate campuses and other environments with a large number of wireless users.

Peepla Launches Live Streaming Service

socalTECH

Los Angeles-based Peepla announced a new, mobile live streaming app, available on iOS or Android, similar to Facebook Live, Instagram Live or Snapchat. According to the company, it is looking to avoid being direct competition with Periscope and Facebook live by including "locaiton-based social functions". The company apparently has been attempting to cast celebrities and actors to fill out its live streaming content, saying it offers a "tipping" system for viewers who like the content.

Procore Opens New Office In Australia

socalTECH

Carpinteria-based Procore , the developer of construction software which is one of Southern California's unicorns, has expanded in Australia, the company announced today. According to Procore, it has opened up an office in Sydney, in response to strong demand from local clients and other businesses across the construction industry. The company says it already has more than 100 Australian clients.

Raken Expands In San Diego

socalTECH

San Diego-based construction compliance and reporting software developer Raken announced this morning that it is expanding its footprint in San Diego, and has moved into a new space at make (cq) in Carlsbad. Raken said its new headquarters is in the same complex as GoPro and Verve. Raken did not say how much space it is taking in the make (cq) project. Raken recently raised $2M in a funding round from Rincon Venture Partners, Eniac Ventures, and Spider Capital. READ MORE>>.