Silicon Beach Report Aug. 24: Net Neutrality Bill Near Passage

L.A. Business Journal

Appetize joins Sidearm Sports; net neutrality bill sent to California assembly; Overwatch League matches broadcast on Twitter

.Net 109

Silicon Beach Report Dec. 18: TicketGuardian Nets $8 Million

L.A. Business Journal

SpaceX plans Air Force satellite launch; Maple Media publishes “Skate Jam;” $8 million raised by TicketGuardian

.Net 100

Silicon Beach Report Aug. 22: Trivia App Nets $250,000

L.A. Business Journal

$250,000 for Totally Bored; Malloy joins the party at Evite; Activision targets PC gamers

Evite 109

Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million

L.A. Business Journal

Risk and compliance software company AuditBoard raises $40 million; Bird, Lime lead e-scooter protest in Santa Monica; Tinder sues parent company

.Net 109

Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. However, rather than obsessing on a single metric, entrepreneurs should focus on improving their Net Profit Score.

.Net 232

Silicon Beach Report Oct. 1: Justice Department Sues California

L.A. Business Journal

California’s net neutrality legislation brings challenges from the feds; Rapaport promoted at Amazon Studios; more flights From Surf Air

.Net 109

Silicon Beach Report Aug. 7: Katzenberg’s NewTV Raises $1 Billion

L.A. Business Journal

Katzenberg’s short-form video project raises $1 billion; SpaceX hosting mars landing conference; Nexus Technologies acquires Cal Net

.Net 122

Silicon Beach Report Dec. 20: Popdog Launches With $9 Million Funding

L.A. Business Journal

Jet propulsion lab hacked; NASA InSight lander listens for ‘Marsquakes’; $500 million for Musk’s net; Popdog launches, gains $9 million

.Net 100

Snap Inc. Reports Slow User Growth, Shares Drop More Than 25 Percent

L.A. Business Journal

parent company of Snapchat, reported a net loss of $2.2 Snap Inc., billion (-$2.31 a share) during its first quarter as a public company, stemming mostly from stock-based compensation issued to employees for its initial public offering in March

Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. The firm also reported net income of $1.0M, versus $3.9M The firm reported net loss of $5.3M Demand Media said it had revenues of $73.6M for Q4 of 2010, up 33 percent from the $55.5M in revenues from Q4 of 2009. in a loss in Q4 of 2009.

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THQ Reports Loss

socalTECH

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M For the quarter, the firm said it had a net loss of $96.9M on net sales of $170.3M, compared with a net loss of $34.5M

THQ 130

Boingo Wireless Reports Quarterly Results

socalTECH

Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year.

.Net 151

Western Digital Reports Record Results

socalTECH

Irvine-based disk drive maker Western Digital reported its annual results last night, saying that it had record revenues of $12.5 billion, and net income of $1.6 billion and $726 million in net income. billion for its fiscal 2012. The publicly held company said that compares to a fiscal 2011 revenue of $9.5 The company now has now amassed a huge, $3.2 billion in cash and cash equivalents, after generating $1.1 billion in cash from operations in its June quarter. READ MORE>>.

.Net 116

Napster Going To Rhapsody, Says Report

socalTECH

A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. Citing "sources familiar with the deal", CNET said that Rhapsody is interested in acquiring Napster from Best Buy, but did not disclose if the deal was in discussions, in progress, or has closed.

.Net 168

Report: Amazon's Centers In San Bernardino Means More Jobs, But Not Much Benefit

socalTECH

A report, published this weekend by The Atlantic, says that despite offering lots of jobs to workers in San Bernardino, the net result has been less pay and a lot less stability--and even an increase in the poverty rate in the city. The Atlantic report quotes the former Mayor San Bernardino, Pat Morris, as Amazon's presence "a step back from where we were" as a city.

.Net 100

Inphi Reports Q3 Results

socalTECH

the maker of high-speed analog semiconductors, has updated its S-1, to reflect the firm's Q3 financials, saying that it had had net income of $3.58M on total revenues of $21.8M That compared with net income of $3.85M on revenues of $18.37M for the same quarter last year. Inphi Corp. , for its quarter ended September 30, 2010.

WD Reports Progress On Flood Recovery

socalTECH

The update came as WD reported revenues of $2.0 billion and net income of $145M for its Q2, down from $2.5 billion and net income of $225M fro the similar quarter a year ago. Irvine-based Western Digital Corp. , the maker of disk drives, has given an update on its operations, saying last night that it now believes it will restore its manufacturing capacity to pre-flood capability by the quarter ending September 2012.

.Net 116

WD Reports Surge In Revenues

socalTECH

Lake Forest-based Western Digital joined a chorus of Orange County firms reporting strong results for the most recent quarter, saying Thursday afternoon that it had revenues of $2.6 in revenues and net income of $429M, up significantly from its results a year ago, when it had revenues of $1.8 million units, and net income of $14M.

Southern California Leads In Green Businesses, Says Report

socalTECH

A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. According to the report , both Los Angeles and the Bay Are were identified as green manufacturing job leaders, with nearly 10,000 jobs in the sector in each region. The report was compiled by research firm Colaborative Economics.

Snap Revenues Up, But Company Still Posting Big Losses

socalTECH

Santa Monica-based Snap , the parent firm of Snapchat, reported its results on Tuesday afternoon, saying that its fourth quarter revenues were up 36 percent to a record, $390M. However, the company is still posting big losses, saying it had a net loss of $191.7M Snap reported revenues of $1.18 billion for the year, and a net loss of $1.25

.Net 109

Could you have created a “dirty cap table?”

Berkonomics

Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence. Oh, I know.

Invest 184

Vitesse Reports Steep Loss, Decline In Revenues For Year

socalTECH

Camarillo-based Vitesse Semiconductor , a developer of communications ICs for the networking industry, reported its yearly results today, saying that it had a net loss of $194.0M in fiscal year 2009, and revenues of $168.2M for the year. The firm's revenues dropped from $228.5M in its fiscal 2008 year. The big loss was primarily due to non-cash expenses of $191.4M for goodwill impairment. According to Vitesse, 2009 was "a challenging year" for the firm.

.Net 116

RA Medical Systems Files For $86.25M IPO

socalTECH

The reported a net loss of $17.765M on net revenues of $5.87M for its year ended December 31, 2017. Carlsbad-based RA Medical Systems , which develops cardiovascular and dermatology catheters and excimer lasers, has filed for an IPO, saying that it is looking to raise up to $86.25M in an IPO on the New York Stock Exchange. RA Medical Systems said it filed to trade under the symbol RMED.

.Net 100

Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

I widened my net this year. View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. The results were so encouraging, we’re doing it again. The idea was to feature early stage companies in the region that have not attracted much attention or raised a substantial amount of startup capital.

Crowdfunding: a roar from a young lion

Berkonomics

No single investor invests more than a specified amount in the offering: The greater of $2,000 or 5% of the annual income or net worth of the investor, as applicable, if the investor has annual income or net worth of less than $100,000; or. With help from JJ Richa.

.Net 233

Snap Misses On Revenues, As UI Changes Hit Bottom Line

socalTECH

Venice-based Snap , the parent company of Snapchat, missed its estimated revenue targets in Q1, reporting revenues of $230.7M consensus estimate by analysts, as the company reported issues due to the controversial user interface changes at the company during the quarter. The company reported a net loss of $385.8M versus and expected $244.5M

Venice 100

ACTIVE Network Wins Three Cities

socalTECH

San Diego-based ACTIVE Network is expanding its footprint in the parks and recreation management market, reporting this morning that it has signed up the cities of Phoenix, Portland, and Denver as customers of its ACTIVE Net software. ACTIVE Net is ACTIVE Network''s software that help cities manage reservations at facilities, classes, community programs, and memberships.

Super League Gaming Sees IPO, But Drops In Debut

socalTECH

The company reported in its S-1 that it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. Santa Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 in its initial trading, but falling more than 22 percent during the day to close down at $8.50 per share. The company now trades on the Nasdaq as SLGG. Super League Gaming's IPO was underwritten by Northland Capital Markets, Lake Street, and National Securities Corporation.

.Net 109

Activision Blizzard To Slash Almost 800 Employees

socalTECH

The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. bllion, up from the $7.02 billion it had in revenues for 2017.

Frank Addantes FounderBlog: 3. Virtual Location, Location, Location

Frank Addante

► February (1) What do you do when a reporter you admire misrepre. My solution: cast a wider net. By casting a wider net, you can find better talent, better manage your costs and gain many other tangible and intangible benefits (e.g.

ASP 52

Stop managers from gaming the system

Berkonomics

Financial perspective: financial statement showing key indicators such as revenue, expense, net income or other measures important to success. You’d probably be doing many of these processes anyway, just not aimed at assembly into a single file or report for review by all.

Snap Raises $250M From Saudi Family

socalTECH

The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M Venice-based Snap Inc. , the parent company of Snapchat , has raised $250M in the publicly held company from the Saudi royal family. Saudi Arabian Price Al-Waleed Talal said on Tuesday that he has invested $250M in Snap, taking a 2.3 percent stake in the company. The announcement of the deal came via a video of Al-Waleed Talal and Snap CEO Evan Spiegel.

Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues

socalTECH

Los Angeles-based online advertising technology developer Rubicon Project > has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The details came as the company released its fourth quarter results, where it reported net income of $1.4M The company said it is expecting 40 percent year-over-year revenue growth in 2015. on revenues of $41.8M for the quarter.

.Net 148

Another personal story: Timing is everything in a sale.

Berkonomics

After presenting a “state of the company” report at a national meeting of resellers for a company where I sat on the board, I was approached by one of the audience members, complimenting my presentation and stating, “I have a problem.

Sales 156

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.