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There’s a line of thinking in Silicon Valley that you should build product businesses rather than services businesses. It’s nearly impossible to get a services company financed by VCs. They feel very confident they can hit $18 – 20 million in 2012. Why Shouldn’t Most Services Businesses Raise VC?
Today, we're featuring Erik Rannala , founder of MuckerLab , the startup accelerator focused on incubation stage Internet, software, services, and media businesses here in LA. What was the biggest news for you/your firm this year?
Santa Monica-based virtual server and cloud computing provider Infinitely Virtual is bragging today that it has seen a revenue jump of 70 percent in 2012, due to interest from small and midsized businesses in its services.
According to numbers released over the weekend by Internet traffic and e-commerce measurement service comScore, online Black Friday sales surged 26 percent from last year, and totaled $1.042 billion. retail, e-commerce spending on Friday was the heaviest, online spendin day to date in 2012. The company said that U.S.
2012 has been a remarkably interesting year in terms of developments in technology. Definitely Software as a Service (SAAS). We were also about to build a really solid mentor network in a short period of time, pulling in about 250 CEO's and CTOs, from all backgrounds and locations. It was a big year for us.
Thursday, June 28, 2012 -- India Trade Conference 2012. Commercial Service, and Quanta Consulting, Inc. You are cordially invited to the 5th Annual India Trade Conference being presented by the Port of Los Angeles, U.S. Partners include TIE, USC Marshall, BeWo and Southern California Edison.
Santa Monica-based Surf Air , the startup airline which is looking to remake air travel with its unlimited, subscription-based air flights between Los Angeles, Palo Alto, and a few other select locations, told its supporters today that it is now readjusting its timeline for launch, and anticipates flying by the end of 2012. READ MORE>>.
Thursday, September 6, 2012 -- Port Tech LA 2012 Expo. On September 5th and 6th, PortTech Los Angeles welcomes community and industry leaders, technology entrepreneurs, university researchers, and investors to PortTechEXPO 2012. See [link] (more)
Wednesday, September 5, 2012 -- Port Tech LA 2012 Expo. On September 5th and 6th, PortTech Los Angeles welcomes community and industry leaders, technology entrepreneurs, university researchers, and investors to PortTechEXPO 2012. See [link] (more)
Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. where he’d retired after selling his online food delivery business GrubCanada to JustEat, the European tech-enabled delivery giant, back in 2012.
Los Angeles-based Plug.dj , an online music and video sharing service, has raised $1.25M in a funding round, to bolster the company''s product. The firm, which is led by Alex Reinlieb, said it will use the new funds to expand its team, develop its product, launch new services, and improve community support. READ MORE>>.
Tuesday, October 9, 2012 -- PMI-OC October 2012 Dinner Meeting. 9, 2012, meeting of the Project Management Institute?s Rachel Medrano, PMP, senior manager, Deloitte Consulting, will discuss how a top consulting firm puts the project management body of knowledge (PMBOK) into project management at the Oct. s Orange County Chapter.
Wednesday, October 3, 2012 -- USC CTM Fall 2012 Executive Roundtable. Disruptive technologies, new consumer habits, and emerging business models have transformed the communications value chain from network service providers to content creators and beyond.
All about startup Chewse, one of the Los Angeles startups to join the Fall 2012 class of 500Startups, and its group food ordering service. The folks over at Perfect Market, one of the companies at Idealab, look to be addicted to the whole idea of Gangnam Style parody videos -- this one from Idealab's annual Halloween costume contest.
Santa Monica-based Beats Audio , the headphone and audio equipment maker, has raised $60M in a funding round, to spin out its streaming music service 'Daisy', the firm said late Tuesday. The new funding was led by Len Blavatnik's Access Industries, Marc Rowan, James Packer, and affiliates of Lee M.
Wednesday, June 27, 2012 -- 2012 Venture Capital and New Media Summit. As traditional and digital media companies strive to build out a worldwide marketplace for their content, services and products, the event will answer how fundraising, investment and new technologies impact their strategies. See [link] (more)
Thursday, February 23, 2012 -- Judy Greenspon, President, NPI Services, Inc. Entrepreneurship Course, 2012 Guest Speaker Lectures, Henry Samueli School of Engineering, UC Irvine. Free and open to the public.
Los Angeles MiniTime debuted its service this week to help families find reviews and information for their family vacation. Santa Barbara's Phone Halo pitches the idea of its GPS/Bluetooth wallet tracking device in this (kinda campy) video. Planning your family vacation with MiniTime. SpaceX Grasshopper.
ExpertCircle's small business advice service. DocStoc has just launched a new service, ExpertCircle, into beta. PaeDae's white label, prizes for gamers network explained in 100 seconds. Are you a small business looking for advice--via phone--from a professional business advisor? Name your own price for electronics with GreenToe.
Los Angeles-based j2 Global , the provider of online cloud services, e-fax, backup, and other services, is continuing its acquisition streak this morning, saying that it has acquired UK-based Zimo Communications Ltd. Zimo provides a cloud-based voice service called Numberstore. READ MORE>>.
Carlsbad-based ViaSat , which provides satellite communications and broadband services, said today that it has reached a deal with JetBlue Airways , to provide high-speed, in-flight Internet access. ViaSat and JetBlue had already been working together to develop an in-flight broadband services with higher transmission speeds and bandwidth.
Woodland Hills-based ReachLocal , the provider of local online marketing services to small and medium sized businesses run by Zorik Gordon, said this morning that it continues to expand its presence with the opening of three new offices.
Newport Beach-based SignNow , a developer of mobile signature capture and document storage services, has been acquired by Barracuda Networks. The company raised $2M in funding back in March of 2012. SignNow was venture backed by Khosla Ventures and the Tech Coast Angels. Financial details of the acquisition were not disclosed.
The report says that Specific Media is hoping to re-launch MySpace as a competitor to both Pandora and Spotify, two popular streaming music services. Specific Media is now known as Interactive Media Holdings.
Thus, it is no surprise that Harvard recently reported that 25% of its 2012 graduates accepted jobs as consultants, while 52% opted for careers in financial services. Per the 2012 Global Management Education Graduate Survey, the median debt of 2012 MBA graduates was $45,000, while the debt from top schools averaged $90,000 (e.g.,
Santa Monica-based cloud telephony provider Callfire , which develops cloud-based telephony services used to automate phone calls and voice applications, reported today that it had record growth in 2012. The company attributed the growth in calls and use of its service to the U.S. elections as well as Hurricane Sandy.
Uber , the smartphone-driven, towncar service which is very popular with the technology crowd, has just dodged a bullet in California, saying that it has reached an agreement with the California Public Utilities Commission (CPUC) confirming that Uber is legal in California. and Boston for operations in those cities. READ MORE>>.
A new project out of the University of Southern California is looking to help people visualize public sentiment towards the 2012 United States presidential candidates, by analyzing Twitter. The first 2012 Presidential Debate is scheduled for later tonight in Denver.
Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. The firm provides edge network services to help deliver content from such customers as Twitter, Pinterest, Sony, and Hulu to end users.
Santa Monica-based voice services, voice API and texting services company CallFire announced today that it has named Ronald Burr as the company ''s CEO.
At The Pool , the Los Angeles startup which develops a service to help users meet new people based on their common interests, told its users over the last week that it is now in 120 countries and is covering 3,053 cities -- a dramatic growth that was driven by the launch of a set of mobile apps three months ago.
SpaceX--headed by technology mogul Elon Musk--will launch a demonstration flight on February 7, 2012, according to NASA, using the SpaceX Dragon spacecraft. The mission would be the first ever docking of a commercially developed, private rocket ship with the ISS. READ MORE>>.
Guidance Software said it expects to add approximately $10M in software-as-a-service revenues from the acquisition in 2012. The deal is split between $8.3M in cash and $8.3M in Guidance Software common stock. The acquisition brings the total number of employees at Guidance Software to nearly 500. CaseCentral was based in San Francisco.
But in 2012 a visit to any major college in America will show you the massive increase in aspirations of our young talent to become the next Mark Zuckerberg and build a future Facebook. So it is unsurprising that an over-funding environment and the commensurate returns hangover would have lasted until about – well – 2012.
Real estate website Zillow , known for its "Zillow Zestimate" home valuation tool and other related real estate services, is planning to open a new office in Orange County, and also plans to ramp up hiring in the new office. Zillow said it plans to hire up to 100 people in the new location in 2012. READ MORE>>.
Glendale-based Everbridge , the provider of cloud-based, emergency notification and communications services, said this morning that it has acquired UK-based Vocal , a provider of business continuity and communication services. Financial terms of the acquisition were not disclosed. READ MORE>>.
Hulu , the online video streaming site headed by Jason Kilar, detailed its 2012 numbers today, saying that it will close the year with approximately $695M in revenues, a growth of over 65% since 2011. Kilar detailed the numbers and provided commentary in a blog post Monday morning. READ MORE>>.
Los Angeles-based Fandango , the online and mobile movie ticketing service which is a unit of NBCUniversal, said today that its 2012 was its "best year in company history". Fandango said it was seeing around 41 million monthly unique online and mobile visitors in its peak months of 2012.
According to Dreamhost, all of the startups accepted into MuckerLab's program throughout 2012 will receive one year of free web hosting services from Dreamhost, including fully managed servers. Dreamhost said that it is supporting MuckerLab's efforts, to help support the Southern California region.
Los Angeles-based Hulu is continuing to build out its list of supported devices for its subscription, Hulu Plus service, the firm said late Thursday. According to Hulu, its service is now available on Toshiba 2012 Blu-ray players, Sharp 2012 TVs and Best Buy's Dynex Blu-ray players.
Southwest Airlines said Thursday that it has priced out its wireless Internet services on its fleet, and will initially charge $5 per flight for any device or flight length for WiFi service. READ MORE>>.
Apple''s TestFlight service comes courtesy the acquisition earlier this year of Los Angeles-based Burstly , which was venture backed by GRP Partners, Rincon Venture Partners, SoftBank Capital, and Founder Collective. Burstly, which was led by Evan Rifkin, acquired TestFlight back in 2012. TestFlight was created by Ben Satterfield.
” The only thing the manufacturer provides is the products and some servicing starter kit so that The Shed and its employees can manage and maintain the product. Rodgers O’Neil came up with the concept back in 2012 when she was working as a marketing executive for General Electric out of Boston. Image Credit: The Shed.
Santa Barbara-based wireless sound system manufacturer Sonos said today that it has tied its products into the new Beats Music streaming music service, which was launched today. According to Sonos, Beats Music can now be streamed directly to its wireless music systems, as long as users have a subscription to Beats Music.
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