L.A. Startups Received $369 Million in Seed Funding in 2016
L.A. Business Journal
FEBRUARY 14, 2017
Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.
Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report
socalTECH
MAY 1, 2017
A new report, released by the Angel Resource Institute in the last week, has spotlighted the Tech Coast Angels and the Pasadena Angels as among the top four angel groups in California, and the Tech Coast Angeles as number two in the nation in terms of the number of deals in 2016. READ MORE>>.
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Machinima Lays Off Most Employees, Ceases Operations, Say Reports
socalTECH
FEBRUARY 5, 2019
Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros.
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Reflections on 2016: Michael Terpin, Transform Group
socalTECH
DECEMBER 30, 2016
All this holiday season, we have been sharing the reflections on 2016 from the Southern California's technology ecosystem. He founded in Los Angeles and sold Marketwire, the first Internet-based press distibution company, which earlier this year was sold again to NASDAQ for a reported $200 million.
Ingram Micro Disputes Report Of Financing Effort
socalTECH
APRIL 30, 2018
Irvine-based technology distributor Ingram Micro is disputing a report, published by Reuters on Friday, which says the company is looking for additional financing for its business, of up to $4 billion. The company emphasized its separation from Chinese conglomerate HNA Group and HNA Technology Company--which acquired Ingram Micro in 2016.
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Report: Snapchat Expects $300M To $350M In Revenue In 2016
socalTECH
MARCH 8, 2016
Venice, California-based Snapchat reportedly is hoping to generate between $300M and $350M in revenue this year, according to a report published Tuesday. The report, from Recode, cited "multiple sources" in the sales target.
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Grindr sold by Chinese owner after US raised national security concerns
TechCrunch LA
MARCH 6, 2020
Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. based company, San Vicente Acquisition Partners. That ownership was later scrutinized by a U.S.
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Report: IPO Activity In Significant Slowdown
socalTECH
MARCH 21, 2016
A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. The report, from Ernst & Young, said that companies are likely exploring other options or waiting for confidence to return for their IPOs.
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J2 Global's Ziff Davis To Buy Mashable For Around $50M, Says Report
socalTECH
NOVEMBER 16, 2017
Los Angeles-based J2 Global --via its publishing arm, Ziff Davis , is getting set to acquire online tech publication Mashable , in a deal worth around $50M, according to a report on Thursday afternoon from the Wall Street Journal. Neither J2 Global nor Mashable have yet announced the deal.
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Report: Venture Dollars Decline In Q4, Says NVCA
socalTECH
JANUARY 13, 2017
billion invested across 1,736 companies, according to the new Pitchbook-NVCA Venture Monitor , the new report tracking venture capital investment across the U.S., According to the report, for the whole of 2016, more than $69.1 According to the report, for the whole of 2016, more than $69.1
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Report: Resonant Struggling, Running Out Of Cash
socalTECH
APRIL 11, 2016
Goleta-based Resonant , a developer of RF radio filters used for the smartphone and other markets, is struggling, and may run out of cash, according to a report. The report, from the Pacific Coast Business Times, says Resonant only has enough cash to support operations through the second quarter of 2016.
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Reflections On 2016: John Greathouse, Investor, Professor at UC Santa Barbara
socalTECH
DECEMBER 26, 2016
You'll be able to see all the many 2016 reflections here as they are posted. John Greathouse: I have nothing earth shattering to report, as I think most folks are plugged into the trends that matter. John is also very involved in providing advice to young startups and entrepreneurs. Welcome to the 1990's!
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100 Online Entrepreneurs: Get Sales Tax Compliant For 2016
InfoChachkie
DECEMBER 28, 2015
The following sales tax compliance checkup will help you make sure you’ll start 2016 on the right track. Simplify Sales Tax Reporting – Almost all sales tax filers will have a January sales tax deadline. Before you can file, you’ll need to report how much sales tax you’ve collected from buyers in each state. Share and Enjoy.
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100 SRAX Runs Into Financial Reporting Issues
socalTECH
APRIL 8, 2019
SRAX--which previously was known as Social Reality--only moved to the NASDAQ from being traded over the counter in 2016, shortly before the period covered in today's restatement issue. READ MORE>>.
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133 Fintech VC Backing Dipped 13 Percent in 2016, Mirroring Rest of Tech
Xconomy
FEBRUARY 15, 2017
The final numbers on 2016 fintech funding deals are in from New York-based research firm and investment database CB Insights, and venture capitalists seem to be cooling on the industry. According to a report released today, financial technology companies around the world attracted $12.7 Fintech has seen a frothy flood of.
MoneyTree Report: Southern California Q3 Venture Totals Drop To $663.27M
socalTECH
OCTOBER 14, 2016
Southern California's venture capital totals dropped significantly in Q3 of 2016, to a mere $663.2M in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. According to the report, there were 71 deals worth a total of $663.2M
Report: Snapchat, NBC Team On 2020 Olympic Summer Games Coverage
socalTECH
JANUARY 23, 2020
The two previously had agreements to cover both the 2018 Winter Olympics and 2016 Summer Olympics. Los Angeles-based Snap , the parent company of Snapchat , has inked a deal with NBC where NBC will produce four, daily original shows on the Olympics and Team USA for Snapchat, according to Variety. READ MORE>>.
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113 Report: IPO Activity Picking Back Up Following Quiet, Volatile Q3
Xconomy
SEPTEMBER 25, 2019
While the headlines may be dominated by news of WeWork putting its IPO on hold after reports about its questionable corporate governance, the overall initial public offering market is doing just fine. The total for the first three quarters of 2019 was about $8 billion shy of. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
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Some Thoughts on Leadership Going into 2016
Both Sides of the Table
JANUARY 1, 2016
It’s a new year – 2016. 2016 is going to be a tough year. So spending time thinking about what your leadership style is, whether it’s effective and what you could do to improve it can yield dividends. Where I think Chip Kelly lost out was on relationships. Happy New Year. I’m so happy to be back!
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The Five Major Tech Trends of 2016
Xconomy
NOVEMBER 7, 2016
As we draw closer to the end of 2016, it is important that we take a moment to look back and reflect on all of the ways technology has inspired us, and transformed the way we live and do work. Meanwhile, biometrics has stepped out of the realm of sci-fi and into the mainstream, playing an important role in the fight against cybercrime.
Grindr's Chinese Owner Pressured To Sell Company
socalTECH
MARCH 27, 2019
The current, Chinese owners of gay and bisexual dating app developer Grindr is being pushed to divest the company, on concerns over national security, according to a report from Reuters. which acquired Grindr in 2016. Grindr is owned by Beijing Kunlun Tech Co Ltd.,
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AmplifyLA: Dramatic Drop In Seed Funding In LA In Q1
socalTECH
APRIL 19, 2017
reports that seed funding in Q1 of 2017 dropped precipitously, falling 42.2 percent from Q4 of 2016, and 43.8 AmplifyLA said it will be reporting quarterly on seed deals, a change from the annual reporting it did in 2016. Venice, California-based startup accelerator Amplify.LA percent, Year-over-Year.
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Technology Trends of 2016
Tech Zulu Event
DECEMBER 29, 2015
Internet of things has been THE hot topic for the past couple of years and that trend continues into 2016 and beyond. Solving some of the problems that have been holding the IoT back from realizing its full potential are some of the most compelling technology trends to watch in 2016. Adaptive Security Architecture. In fact, the U.S.
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Edtech Venture Funding Down in 2016, But Still Tops $1B
Xconomy
JANUARY 11, 2017
While we’re looking at venture deal numbers from the past year , let’s consider the education technology industry, which isn’t broken out by sector in the general reports I’ve seen. billion (across 138 deals) in 2016. The EdSurge report. education tech companies totaled $1.03
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Qualstar Continues To Look At Strategic Options
socalTECH
MARCH 17, 2017
Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. for the quarter ended December 31, 2016. The company reported a net loss of $1.2 million on revenues of $2.2M
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113 MoneyTree: $1.1 Billion In VC Invested In SoCal In Q1
socalTECH
APRIL 12, 2017
billion in venture capital dollars were invested in the Southern California region in Q1, according to the latest MoneyTree Report , issued by PricewaterhouseCoopers LLP and CB Insights. The report tallied up $926.4M Nationally, investors invested $13.9 READ MORE>>.
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The future of car ownership: Cars-as-a-service
TechCrunch LA
JULY 10, 2019
” Citing a Bloomberg report, the site explains automakers may have had the worst first half for new-vehicle retail sales since 2013. Fair was founded in 2016 by an all-star team made up of automotive, retail and banking executives including Scott Painter, former founder and CEO of TrueCar. Don’t buy, lease.
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ID Analytics Names New CEO
socalTECH
OCTOBER 3, 2018
According to ID Analytics, Nigam will report to Symantec SVP for Information Protection Nico Popp. ID Analytics became part of Symantec, when Symantec acquired Lifelock in 2016. Nigam had been Senior Vice President of Product and Technology at ID Analytics since May of 2017, when he joined the company.
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Silicon Beach Report Dec. 21: Snap Opens China Office
L.A. Business Journal
DECEMBER 21, 2016
opens China office, Walt Disney to produce content for Snapchat, and TaskUs hires 5,700 employees in 2016.
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100 Snap Went From 600 to 1,859 Employees In One Year
socalTECH
FEBRUARY 2, 2017
s IPO filing on Thursday is the tidbit that the company more than tripled its number of employees in the last year, going from 600 full time employees on December 31, 2015, to 1,859 as of December 31, 2016. The company said in the S-1 that it expects headcount to grow in the foreseeable future.
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100 Faraday Future CEO's U.S. Assets Frozen By Judge
socalTECH
DECEMBER 14, 2018
is over a $7M loan given to another of Jia Yueting's companies, LeTV, back in 2016. The lawsuit, filed by Shanghai Lan Cai Asset Management Co, Ltd. , Faraday Future has been swirling the drain for months, as its biggest investor, Evergrande pulled its support for the company. READ MORE>>.
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113 3 Important Facebook Marketing Trends in 2016
Tech Zulu Event
JANUARY 22, 2016
How can your company best benefit from social networking ads in 2016? In addition, make use of as much automation as you can in 2016 to reduce manpower costs and put the money towards other more important matters. Here is the breakdown of these 3 factors to watch in 2016: 1. That was $15.5 billion in 2015 alone.
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40 Silicon Beach Report July 12: Hyperloop One, Its Chairman Sued by Co-Founder
L.A. Business Journal
JULY 12, 2016
Hyperloop One and its chairman sued by co-founder, Virgin Galactic to restart spaceship testing, Disney Accelerator names 2016 class, and more.
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Study Stakes San Diego’s Claim in Genomics: $292M in 2016 VC Deals
Xconomy
MAY 18, 2017
began collecting data for the report earlier this year in a bid to assess how genomics fits into San Diego’s innovation economy. Preliminary findings from an economic impact study show that genomics is emerging as a distinct innovation cluster in San Diego. The San Diego Regional Economic Development Corp.
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97 Xperi's DTS Gets Win With LG Electronics
socalTECH
MARCH 27, 2018
Xperi , the parent company of what was Calabasas-based DTS, reported that LG Electronics is integrating the DTS Virtual:X immersive audio technology into its latest line of Ultra HD TVs. Financial details of the licensing deal were not announced. READ MORE>>.
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Silicon Beach Report Jan. 13: Head of Sony Entertainment, Michael Lynton, Steps Down to Become Snap Chairman
L.A. Business Journal
JANUARY 13, 2017
Head of Sony Entertainment, Michael Lynton, steps down to become Snap chairman, Rubicon shares soar after rumor of a sale, RadPad acquired after rough 2016, and more.
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6 Top Trends For The Digital World In 2016
Tech Zulu Event
JANUARY 26, 2016
adult now spends a reported 5 hours and 38 minutes on the web – advances have been made in the way individuals and small businesses operate in the digital world, which will grow even more this year. In 2016, the price of mobile data will remain relatively stable. Streamlined Online Experiences – Think Slack 2016.
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40 NVCA: Venture Investments Drop In Q1
socalTECH
APRIL 7, 2017
have dropped to the lowest rate of activity since Q4 of 2011, as venture capital investors continue to be shy about investing in startups, according to the latest PitchBook-NVCA Venture Monitor report. According to the report, there was $16.5 billion raised by venture funds in 2016. Venture capital investments in the U.S.
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Snap Says It Has Sold 150,000 Spectacles
socalTECH
OCTOBER 4, 2017
Spiegel reported the sales numbers in an interview with Vanity Fair at its Vanity Fair New Establishment Summit yesterday. Snap first rolled out its Spectacles in September of 2016, through limited access "vending machines", but has since started selling them it its own stores, Amazon.com, and through other outlets.
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113 L.A. Adds Solar Jobs, But Slips to No. 2 for Metro Areas
L.A. Business Journal
MARCH 28, 2017
s solar power industry grew by 11 percent in 2016 over 2015, but dropped to second place for most solar-related jobs in the nation’s metropolitan areas, according to a report issued Tuesday by the Solar Foundation, a Washington D.C. nonprofit dedicated to promoting the solar power industry.
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100 Sonos Files For IPO
socalTECH
APRIL 25, 2018
Santa Barbara-based Sonos has filed for a confidential IPO, according to a report on Wednesday, which says that Sonos is hoping to go public as soon as June. The report , from the Wall Street Journal, says the IPO will value Sonos at between $2.5 billion and $3.0 and Redpoint Ventures.
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Uber Retreats From Arizona In Self Driving Car Efforts
socalTECH
MAY 23, 2018
According to a report from the Wall Street Journal, Uber has reportedly laid off around 300 of its "test drivers" in Arizona. On-demand ride provider Uber is abandoning its efforts to test its self driving cars in Arizona, as the company continues to try to recover from the death of a pedestrian in the state in March. READ MORE>>.
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Demand Media Content Revenues Continue To Plunge
socalTECH
MAY 9, 2016
Santa Monica-based Demand Media reported its quarterly earnings Monday afternoon, revealing a precipitous decline in the company's content revenues. in the first three months of 2016. in Q1 of 2016. in Q1 of 2016. Demand Media said that its Content and Media revenues dropped 40%, from $22.5M in Q1 of 2015 to $13.5M
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100 SpaceX Aims At Re-Launching Rocket With Next Mission
socalTECH
MARCH 24, 2017
The first stage booster successfully launched a payload to the International Space Station in April of 2016, and landed on a SpaceX barge in the Pacific. The first stage booster successfully launched a payload to the International Space Station in April of 2016, and landed on a SpaceX barge in the Pacific. READ MORE>>.
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