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The Boring Company Gets Nod On Las Vegas Transportation System

socalTECH

Los Angeles-based The Boring Company has just received approval from Clark County, Nevada, for its plans to create an underground transportation system that will connect the Las Vegas Strip, Allegiant Stadium, and the University of Nevada, Las Vegas. The project is expected to stretch 29 miles and will have 51 stations.

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EMN8 Raises $50M, Acquires Snapfinger

socalTECH

Los Angeles-based restaurant ordering systems developer EMN8 said this morning that it has acquired Snapfinger , a developer of remote ordering products for the casual dining industry. Bass Associates, and also included Allegis Capital and individual investors. The new funding was led by Sid R. EMN8 is led by Perse Faily.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M.

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LAVA hosts PwC's Shaking the MoneyTree

SoCal Tech Calendar

Moderator: Randy Churchill, Director, Emerging Company Services, PwC; Current Confirmed Panelists: John Babcock, Partner, Rustic Canyon Partners; Jonathan Funk, Managing Director, Allegis Capital; Klaus Koch, Managing Partner, Vicente Capital Partners; Al Schneider, Co-Founder and Vice Chairman, Pasadena Angels.

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5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Advisory Board members often serve for a nominal retainer, or one percent of the equity, whereas Directors for even a small company would expect at least a five-digit retainer, plus meeting expenses. Do you expect involvement in company operations? How much are you willing to spend on your board?

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Four Sites To Add Adventure To Your Summer Travel Plans

socalTECH

We've dug through our database of high tech companies, web sites, and startups and found four Southern California companies and web sites looking to cater to that adventure traveler in you. . AdventureLink is backed by Allegis Capital, Anthem Ventures, and the Mailroom Fund, and is run by adventurer Jeff Dossett. Trails.com.

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Southern California Investments On Uptick, Totals $686.5M For Q1

socalTECH

invested across 18 deals, followed by Los Angeles, with $224.4M Averitt explained that a combination of less money in early stage finance; more people starting companies; a good reputation in Southern California; and more mature tech transfer offices and processes within SoCal universities and institutes has helped in the investment uptick.