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Uber Drivers In Southern California Now Can Set Their Own Price

socalTECH

Uber said on Wednesday that drivers in Southern California and Sacramento are now allowed to set their own price, as part of an effort by the company to show that its drivers are independent contractors and not employees. READ MORE>>.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

Steve Poizner: The Alliance is a new nonprofit, whose mission it is to bring together a lot of the amazing, unique assets of Southern California. We are devoted to the mission of supercharging Southern California's technology ecosystem, and help it emerge as a world class technology hub by 2025.

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Reali Finds $20M For Expansion To Southern California

socalTECH

Reali , a Silicon Valley startup which offers up a high-tech, and artificial intelligence-enabled real estate service, said this week that it has raised $20M in a Series B funding round, which it specifically will use to launch in Southern California. The funding was led by Zeev Ventures, and also included Signia Venture Capital.

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Takl Expands On-Demand App Into SoCal

socalTECH

Takl , which operates a mobile app-driven service to connect users with on-demand home services such as lawn care, house cleaning, home repair, and more, has launched into Southern California. READ MORE>>.

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TrueCar Jumps In IPO As Socal Tech Exits Continue

socalTECH

Santa Monica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. The company--the second technology company to have an IPO this year from Southern California--was trading around $10.47 per share late last night.

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Insights and Opinions: Returns From Southern California IPOs

socalTECH

For today's Insights and Opinions section, we have the third and final article on Southern California IPOs and returns from Jon Funk. Jon discusses the returns from Southern California IT IPOs between 1995 and 2009. Markets displayed a healthy rationality, pricing these IPO's at an average of $366 million.