NantWorks Invests In Daybreak Game Company

socalTECH

Los Angeles-based NantWorks , the investment arm of billionaire Dr. Patrick Soon Shiong, said on Thursday afternoon that it has made a strategic investment in San Diego-based multiplayer online games developer Daybreak Game Company. Size of the investment was not announced. As part of that investment, NantWorks said it has created a new joint venture called NantG Mobile , which will develop and publish mobile version of Daybreak's current games.

The Honest Company Gets $200M Growth Investment

socalTECH

Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.

Take only “smart money” investments

Berkonomics

Often, that money is worth more than the cash invested, because the investors who often become members of the board, bring a wealth of experience, insight, relationships and deeper pockets to the table. Close. This statement could be considered controversial.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

TechCrunch LA

CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles since 1997.

Sorrento Therapeutics Invests In New Company, Celularity

socalTECH

San Diego-based biopharmaceuticals developer Sorrento Therapeutics announced on Monday that it has invested in a newly former company, Celularity , focused on treatment of cancer, inflammatory and degenerative diseases, and functional regeneration using placental technology. Sorrento said it will make a capital investment, and also provide certain immuno-oncology and cellular therapy intellectual property and assets to Celularity.

Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

SoCal 225

Calibrate Ventures Raises $80M Investment Fund

socalTECH

According to the newly created venture capital firm, it will focus on early revenue startups, focused on companies across both the consumer and enterprise sectors. The firm said it is targeting initial investment of $5 million in companies generating revenue between $1 million and $5 million, and already has made investments in five companies, including Alpha, Broadly, Built Robotics, Embodied, and Soft Robotics.

SoCalGas Invests In Company

socalTECH

the subsidiary of Sempra Energy which provides natural gas to the Southern California market, said today that it has invested in. Size of the investment were not disclosed. The investment will go to bring Tecogen's technology to market. tecogen venture capital investment energy cleantech clean natural socalgas cogenerationSouthern California Gas Co. ,

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The Honest Company Gets $70M

socalTECH

Los Angeles-based The Honest Company , the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday. The funding brings the company''s total raised to $122M.

Several more real costs of taking outsider investments.

Berkonomics

Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range.

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Cornerstone OnDemand Invests In Four Companies

socalTECH

Santa Monica-based ,a href="[link] OnDemand , the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. Cornerstone OnDemand said the investments are first out of its new, strategic venture arm, which will invest in the next generation of cloud startups. Size of the investments in each company were not announced.

Casa Verde Capital Raises $45M Investment Fund

socalTECH

West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

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What’s a company board good for, anyway?

Berkonomics

And good board members can add real value to you and the company. Importantly, these also help a board to cover the legal “duty of care” for the health of the company. The punch line: Investing in the creation of a governance board is not enough. A better company is the goal.

UST Global Buys Four Companies, Makes Investments

socalTECH

Aliso VIejo-based UST Global , a provider of IT services and outsourcing, said today that it has acquired four different companies over the past six months expanding its workforce in the US, ASia, India, Europe, and Latin America. The company tsaid the acquisitions included Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies.

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Why Did I Invest in the Company Pose?

Both Sides of the Table

What I’d like to do is tell you the story of how the investment came to be, what my thesis is / was and share some thoughts on macro trends. I always try hard to make this blog a place where you can learn lessons rather than an advertisement for portfolio companies.

Where is the best source of early stage investment?

Berkonomics

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

Invest 263

Will your company’s sale be celebration or silence?

Berkonomics

There’s almost always a closing party where the board, prime investors, attorneys and investment bankers all get together to celebrate the victory. First, there are at least three types of exits.

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How I Invest

Both Sides of the Table

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. During the Q&A I was asked about how I make investment decisions in early-stage businesses. I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest.

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Vicente Capital Invests In Wireless Software Company

socalTECH

Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. Financial details of the investment were not announced. The company''s software and associated services are used in the in-building wireless network design market.

MabVax Raises $1.3M, Hires Investment Banker To Sell Company

socalTECH

in a Series J Convertible Preferred Stock financing, and has engaged an investment banking firm to "explore strategic alternatives" for the company. The publicly held company, which trades on the Nasdaq at MBVX, said the new funding will go toward working capital and general corporate purposes. San Diego-based MabVax Therapeutics , a biotechnology developer developing antibody-based treatments for cancer, said on Tuesday that it has raised $1.3M

Everything you do adds or reduces company value

Berkonomics

Minor decisions, such as replacing employees who have left the company or replacing equipment needing updating, are usually considered operational in nature, and unless the business is changing direction, not relevant to this test.

CareFusion Invests $100M In Israeli Company

socalTECH

San Diego-based medical device maker CareFusion said this morning that it has invested $100M in an Israeli medical device company, Caesarea Medical Electronics (CME). CareFusion said the investment will give it a 40 percent, minority stake in the Israeli maker of infusion and syringe pumps. CareFusion said that, as part of the investment agreement, it has the right to make additional investments in Caesarea--including becoming the majority owner of CME.

Qualcomm Sets Up New, $100M AI Investment Fund

socalTECH

San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venture capital investment fund, which will focus only an artificial intelligence. The first investment out of the fund is in AnyVision , a startup working on face, body, and object recognition. learning machine finance investment capital venture intelligence artificial qualcomm

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Trace3 Gets Strategic Investment

socalTECH

Irvine-based Trace3 , an IT solutions provider which focuses on medium- and large- enterprise clients, has scored a strategic investment from H.I.G Size of the investment round was not announced. Trace3 founder Hayes Drumright will continue to serve on the company's board, according to H.I.G. Capital, and will remain a "significant" shareholder in the company. trace3 strategic investment venture capital consulting

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Acorns Gets Investment From TPG

socalTECH

Irvine-based micro-investing app developer Acorns said this morning that it has received an investment from private equity investor TPG, via TPG's The Rise Fund, which is focused on companies in the social and environmental area. According to Acorns, the investment by TPG's Rise Fund is the first in a fintech company. Size of the investment was not announced by the company.

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Soon-Shiong’s NantWorks Invests in Daybreak Games

L.A. Business Journal

Wilshire-based NantWorks, a diversified holding company run by Patrick Soon-Shiong, announced Sept. 6 it invested an undisclosed sum into Daybreak Game Co., creating through the investment a joint venture titled NantG Mobile

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Edlio Snags Investment for K-12 Education Software Acquisition

socalTECH

Los Angeles-based Edlio , has received a growth capital investment this morning, for its K-12 education and "community engagement" software, and in particular, acquisitions of other companies. The funding came from private equity investment provider LLR Partners. Size of the investment was not announced. According to LLR Partners, its investment will be used by Edlio to support its market expansion, via organic growth and acquisitions.

I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). Burstly, a Santa Monica based company, provides an open and free ad management platform that helps mobile application developers better monetize their inventory.

Invest in Lines, not Dots

Both Sides of the Table

In normal times investors will look for “traction&# before investing. I spoke about this more in depth in these two posts: 4 things I look for in an investment & how to manage VC relationships. I didn’t invest in Orgoo but by the time he launched Ad.ly

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San Diego Life Science Companies See Stock Bumps, Slips in JPM Wake

Xconomy

Morgan Healthcare Conference started out as a clubby get-together hosted by investment bank Hambrecht & Quist. Back in the days of H&Q, bankers and entrepreneurs flocked to San Francisco to get information about biotech companies that was otherwise hard to come by.

Moonshots Capital Ramps Investment Pace With Lead On Two Investments

socalTECH

Los Angeles- and Austin-based Moonshots Capital , the venture capital fund led by serial entrepreneur Kelly Perdew, is ramping its investment pace, with the first two formal investments out of its new fund. The two investments, both announced in January, were cyber-defense firm Threatcare , and bot detection developer New Knowledge. Moonshots also led the investment in New Knowledge. moonshots capital kelly perdew cybersecurity security venture investment

Invest 100

Vision Esports Snags $38M From Sports Teams, Invests In 3 Esports Companies

socalTECH

Beverly Hills-based Vision Esports has raised $38M in a funding round, and said it invested in 3 Esports companies--Echo Fox, Twin Galaxies and Vision Entertainment. Louis Cardinals; Kevin Durant & Rich Kleiman of The Durant Company; Shamrock Holdings (the investment arm of the Disney family); Seth Bernstein Capital Management; Simon Tikham (First Access Entertainment), along with others.

Apollo Robotics Names CEO, Scores Angel Investment

socalTECH

Cammack is an existing angel investor in the company. Ventura-based Apollo Robotics , a new startup developing autonomous drone hardware and software aimed at automated surveying, announced this morning that it has named Rob Cammack as its Chief Executive Officer. Apollo Robotics said Cammack is a "seasoned serial entrepreneur", but did not details what Cammack has done previously.

Invest 109

OncoSec Finds $15M In Investment

socalTECH

San Diego-based cancer immunotherapy developer OncoSec Medical announced this morning that it has raised $15M in an investment in the publicly held company. OncoSec, which is publicly traded on the NASDAQ as ONCS, said it secure the $15M investment from Alpha Holdings, via a strategic investment. The company said the funding is centered on the clinical development of OncoSec's lead immunotherapy product candidate, TAVO (tavokinogene telseplasmid).

Invest 100