Here's One Tech Company With No Gender Issue: LA's Evite

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With all the hand wringing in the tech industry over gender balance and equity, here's one company that apparently has no issue: LA-based Evite , the online invitations service. Evite's gender balance is in stark contrast to such companies as Apple (68% male, 32% female employees and 72% male, 28% male leadership); Uber (63.9% The company is led by CEO Victor Cho. evite gender balance executives diversity report online technology company tech

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Report: Unilever Eyes The Honest Company

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Is another, Los Angeles consumer startup-- The Honest Company --about to be acquired by Unilever ? An unconfirmed report Thursday afternoon, from TechCrunch, says that Unilever is in early talks to acquire the company, founded by Jessica Alba and SoCal serial entrepreneur Brian Lee. The Honest Company has been hinting that it has been working on a possible IPO filing over the last year or so. honestco honest company jessica alba unilever merger acquisition rumor exit

Trending Sources

Broadcom, Qualcomm Among Happiest Tech Companies, Says Report

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A new report, created by Irvine-based online career community CareerBliss , says that two of Southern California's biggest tech employers-- Broadcom and Qualcomm , are among the top happiest tech companies in the USA. Broadcom was number 3 on the company's list, and Qualcomm was number 9, based on ratings of leadership, culture, compensations and overall work environment. The top rated company on the list was Adobe Systems International.

Honest Company Cuts 80 Employees

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Los Angeles-based Honest Company , the online provider of eco-friendly baby, personal care, and other household goods led by Brian Lee and co-founded by Jessica Alba, has quietly let go of 80 employees --or nearly 14% of the company--in what the company has billed as a "growth positioning". The report was first detailed by WWD. honest company layoff jobs employment jessica alba baby personal care products ecommerce

Report: LA Should Emulate San Francisco, NYC For Startup, Tech Efforts

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A new report, released over the weekend, says that Los Angeles should look towards New York and San Francisco and what they have done to help strengthen the community here for technology startups. Tech Agenda report, edited by David C.

Angel 87

Report: Snap Buys Ad Tech Firm Flite

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Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. The deal has not yet been announced by either company. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite. READ MORE>>. snap advertising technology merger acquisition adtech acquihire

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. I often see companies burning $100,000 per month (net) looking to raise $6-8 million. Ask other portfolio companies how your VC acted when / if they got in a cash pinch.

The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

I was at a dinner recently in Chicago and the table discussion was about building great companies outside of Silicon Valley. It’s not the great companies you build, it’s the silent killer of those that should have been build locally and weren’t. For example, Lookout is a mobile security company that was founded by three talented graduates of USC. Klout was an LA company – sold for $200 million to Lithium.

Report: Snapchat Raises $175M More

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According to the report, the new funding values Snapchat at $16 billion, the same valuation as the company's last funding injection. Venice-based instant messaging app maker Snapchat has raised another $175M in funding , according to the WSJ this morning, from Fidelity Investments. Snapchat has now raised more than $1.2 billion in funding. READ MORE>>. snapchat venture capital instant messaging fidelity investments communications

MarketCast Acquired By Kohlberg & Company

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Los Angeles-based MarketCast , a market research company providing research services to the global entertainment industry, has been acquired by Kohlberg & Company , according to reports. Financial terms of the acquisition were not disclosed. MarketCast was owned by another, private equity investor--RLJ Equity Partners--which acquired MarketCast in November of 2014. READ MORE>>. marketcast market research entertainment hollywood content merger acquisition private equity

Southern California Companies Raise $2.49 Billion In VC In Q2

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Southern California companies raised $2.49 billion in venture capital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters. billion across 961 deals in the quarter, which the report found was an increase of 20 percent in total dollars, with a slight decline of 5 percent in number of deals versus Q1.

ServiceNow Wins Israeli Telecom Company

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San Diego-based enterprise IT management provider ServiceNow reported a win today with Israeli telecommunications provider Partner Communications Company Ltd. Financial details of the win were not announced. ServiceNow said that Partner Communications is consolidating more than 10 separate systems across its IT and Engineering divisions to SerivceNow''s IT management system. Partner Communications service more than 3 million cellular subscribers in Israel, under the Orange brand.

Uber: Transportation Service or Big Data Company?

Tech Zulu Event

In fact, one of Uber’s investors recently said the company could be worth more than $40 billion with an estimated annual growth of an astounding 800 percent. This is the reason many view Uber as a company that specializes in big data. Uber isn’t some niche startup anymore.

Report: Disney Will Not Bid On Twitter

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A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. will not make a bid for Twitter , which reportedly has been looking to sell the company. Disney had been reported to be looking at Twitter in September. Recode --quoting "sources familiar with Disney" said that Disney has decided not to move forward with a bid.

Report: Snapchat Acquires Bitstrips For Around $100M

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Los Angeles-based Snapchat has acquired emoji software developer Bitstrips , in a deal worth around $100M in cash and stock, according to a report this morning. Fortune citing multiple sources, says the companies refused to comment on the deal.

Three LA Companies Pursuing Gawker Media

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Three, Los Angeles area media companies-- Univision , Ziff Davis (a unit of J2 Global) and Penske Media --have all been named as possible bidders on bankrupt, Silicon Valley publication Gawker Media , according to reports today, which say Ziff Davis has submitted a $90M bid for the company.

Media 30

Report: Biotech VCs Perpetuate Boardroom Gender Gap

Xconomy

That’s according to British recruitment firm Liftstream and its new study of biotech companies that went public in the recent boom years.

Silicon Beach Report April 25: Belgium Telecom Company BICS to Buy TeleSign for $230 Million

L.A. Business Journal

Belgium telecommunications company BICS to buy TeleSign for $230 million, in-home clinical trial software startup Science 37 raises $29 million, and Soylent recalls powder after accidental mixing with whey

Music Reports In Expansion

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Los Angeles-based Music Reports , the private equity-backed firm which provides music rights administrative services, said Friday that it has made a major expansion of its employees and offices. The company said it now has more than 100 employees. Music Reports is backed by ABRY Partners. music reports musicreports software reporting online expansion jobs

“Built In L.A.” Releases Its First Los Angeles Digital Startup Report

Tech Zulu Event

As we reported earlier, Built in L.A., It is hard to keep up with the newly formed companies and deals. has been datamining and tracking all the local startup action and has released the “2012 Los Angeles Digital Startup Report.”.

MySetLife Adds Content From Hollywood Reporter, FilmContact.com

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The company said it will provide free access to breaking news feeds from The Hollywood Reporter, contact information from FilmContact.com, and access to the crowdsourced funding resources at Invested.in. mysetlife hollywood reporter producer content filmmaker investedin

Once High Flying Ouya On Block, Says Reports

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Once highflying Santa Monica-based gaming console developer Ouya is on the block, after the company tripped a debt covenant from one of its investors, according to a report. The report , from Fortune, says that Mesa Global is managing the sale process for the venture backed company, which had received funding from Kleiner Perkins, Mayfield and Shasta Ventures. The sale comes due to debt owed to TriplePoint Capital, according to the report.

Tech Coast Angels Number Two In Angel Investments Report

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The Tech Coast Angels , Southern California''s largest angel investment group, is ranked number two in the nation this year in terms of the number of deals the group did, according to the latest 2012 Halo Report. cbinsights ranking report capital venture investment angel angels coast tech

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Report: IPO Fever Lifting Valuations, Slowing M&A

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A report today says that "IPO fever" is lifting valuations of technology companies, while slowing the pace of mergers and acquisitions. The report from PricewaterhouseCoopers, says that technology businesses are continuing to lead other sectors in terms of U.S

Report: Flipagram Looking For Buyer

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Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Citing "multiple sources" close to the company, Recode said Flipagram is still discussing financial terms with Toutiao, but no deal has been signed. Flipagram is venture backed by Index Ventures, Kleiner Perkins Caufield and Byers, and Sequoia Capital, and raised a bit $70M funding round in 2015. READ MORE>>.

Spokeo Hits 150 Employees, Reports Growth

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Pasadena-based people search engine provider Spokeo is up to 150 employees in its Pasadena headquarters, almost double the number of employees it had in 2012, the company said today. Spokeo, which has been around since 2006, lets users search for people using their name, phone number, email address, or usernames; the company says its service is aimed at helping people reconnect with friends and family they have lost touch with.

Report: Honest Co. Prepping For IPO, Hires Bankers

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A report Friday from Bloomberg says that Los Angeles-based Honest Co. The report says that Honest Co.'s s latest funding round valued the company at around $1.7 The report is the first that confirms the company's entry into the ranks of technology startup unicorns.

Snapchat Selects Morgan Stanley, Goldman Sachs To Lead IPO, Says Report

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Venice-based Snapchat has selected two investments banks--Morgan Stanley and Goldman Sachs--to lead the company's much anticipated IPO, according to a report from Reuters Wednesday afternoon. The report--citing "a source familiar with the situation"--said the IPO would value Snapchat at $25 billion. The report said that JPMorgan Chas & Co.,

Silicon Beach Report June 19: Snap Signs $100 Million Deal With Time Warner

L.A. Business Journal

Snap signs $100 million deal with Time Warner, Garcetti, Musk discusses tunnel possibility and cloud service company wants $550 million

Report: Lynda.com Tops $70M In Annual Revenues

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Ojai, California-based Lynda.com , the online education site providing online training on a variety of software, ranging from PhotoShop to AutoCAD and much more which was founded by Lynda Weinman and Bruce Heavin, is now topping $70M in annual revenues, according to reports.

Report: Hulu Hires Guggenheim Partners To Sell Company

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A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. Guggenheim is the same firm that attempted to sell Hulu in 2011.

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Los Angeles Has 5 Percent Of All Unicorns, Says Report

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Los Angeles has 8 percent of all the "unicorn" companies globally, according to a new study released Wednesday by the University of Southern California's Marshall School of Business. According to USC Marshall, it tallied up the numebr of startup companies with $1 billion valuations, as a measure of business activity, and found that Silicon Valley had 39 percent of Unicorns, followed by New York (9%), Beijing (6%), Los Angeles (5%), Boston (4%) and Shanghai (3%).

Angel 52

San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship. The Connect Innovation Report found that 405 software, technology, and life sciences startups were created last year in San Diego County.