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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". honest company layoff jobs employment jessica alba baby personal care products ecommerce

Why Most Online Video Companies Will Fail

Both Sides of the Table

“You can’t build a large online video company. You have to build a large online tech company that distributes video.” There’s a reason that Maker pulled away while most online video companies did not. Online technology company that distributes video.

Ten Of The Top Tech Companies For Employees In LA

socalTECH

Who are the top tech companies to work for in Los Angeles? Despite a huge number of companies, we found there are a number which. Although it's impossible to include all the companies suggested to us (there were dozens and dozens), here's some of the ones that stood out: 1.

Honest Company Signs On To White House Effort On Equal Pay

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Los Angeles-based Honest Company is one of 44 companies who are backing an effort this week by the current White House, to bolster equal pay efforts in the United States. The Honest Company joined such companies as Adobe, AT&T, Autodesk, eBay, Edison International, Estee Lauder, InterContinental Hotels Group, New Belgium Brewing, and many others in signing the pledge. obama equity gender effort equal house white company honest

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

Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

Last year saw the city reap windfall exits from the acquisition of companies like Dollar Shave Club, and has a number of promising e-commerce companies… Read More.

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.

Fixing Tech’s Gender Problem Starts With Company Culture

InfoChachkie

On a micro level, you can do your part to fix tech's gender problem by recruiting people with diverse backgrounds and place them in a company culture that rewards those who challenge the status quo. A version of this article previously appeared in Forbes.

Accruent Buys Two Companies

socalTECH

Real estate and facilities management software developer Accruent , which has operations in Santa Monica, said today that it has acquired two software companies, Four Rivers Software Systems , and SiteFM , both developers of healthcare facilities management software. Accruent--which is led by Mark Friedman--said the buy will help the company enter the healthcare industry.

What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

There is much discussion online and also in small, private groups, about why the price of technology companies – public and private – are falling. In 2015 in the US there were $77 billion written into startup tech companies.

Practice Entrepreneurship With A Purpose – Before You Start A Company

InfoChachkie

If you are networking to assist a startup you are advising, you can substitute the company’s pitch for your personal pitch. Don’t worry, you can apologize after the fact, when you point to the positive impact your initiative had on your company.

j2 Global Acquires Four More Companies

socalTECH

Los Angeles-based J2 Global , the Internet services provider and publisher, has gobbled up four more companies, as it continues to have a ravenous appetite for acquisitions. The company said it acquired Ausweb , a hosting firm in Australia, Offers.com , a digital media company here in the US; On Demand Recovery , a provider of backup services in the UK; and MX Toolbox , an email security company also based here in the US.

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.

CTO Equity and Compensation at Venture Backed Companies

SoCal CTO

Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. I'm a little surprised that CTO Founders with growth capital funding only have 15% of their companies.

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Event Farm Acquires Event Software Company Attend

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Santa Monica-based Event Farm , which develops event marketing software, has acquired Boston-based event software company Attend , as an expansion of the company's reach. Event Farm--which already has offices in Santa Monica and Washington D.C., said the acquisition will add its presence with an office in Boston.

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.

Oculus VR Sued By Hawaiian Company

socalTECH

Irvine-based Oculus VR and co-founder Palmer Luckey have been sued again, this time by a company in Hawaii called Total Recall Technologies. Total Recall says that it hired Luckey to build the company a head mounted display in 2011--information that he later used to start Oculus VR.

Southern California Companies Raise $1.46B In VC In Q3 2015

socalTECH

Southern California has seen another, big venture capital investment quarter, with companies raising $1.46 raised in 15 companies. The largest deal in the quarter was for Suja Life ($149.4M), followed by Honest Company ($100.0M) and CrowdStrike ($100.0M).

No Doubt About It: You Need Video Ads for Your Company

Tech.Co

And while independent freelancers offer alternatives, it’s still a bit too expensive and time consuming for startup companies. Tech-based companies immediately understand the need for an explainer video to showcase the rich features of their app or web platform.

Why The Next Generation of Online Video Companies Will be Vertical

Both Sides of the Table

Mitu Network is the largest digital media company for Latinos in the US and also targeting Mexico and South America. In long-form online video, companies were also broad in nature: Hulu, Netflix, Amazon and Apple TV. Where will the company develop in the future?

Maximize Your Exit By Not Selling Your Company

InfoChachkie

However, in many cases, acquiring companies behave less rationally than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale.

MarketCast Acquired By Kohlberg & Company

socalTECH

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

10 Reasons To Start A Company In An Economic Downturn

InfoChachkie

As Guy Kawasaki pointed out in our recent conversation , “…it is cheaper than ever to start a company. If there was ever a time to start a company, this is it.”. However, a recessionary market also generates a number of Big Dumb Company (BDC) refugees.

CrownPeak Gets $50M In Merger With UK Company

socalTECH

Los Angeles-based web content management software developer CrownPeak has raised $50M in a funding round, and merged with UK-based ActiveStandards , according to the two companies. According to the companies, the combined company will be based in Los Angeles, and will also have locations in Denver and London. The company said it will use the funding to re-launch the company and for future product enhancements.

J2 Global Inc. Acquires Another Six Companies in Q2

L.A. Business Journal

gobbled up another slate of companies. The Hollywood-based internet services company acquired six small companies for an undisclosed amount in the second quarter. The acquired firms include email marketing companies SMTP and Publicaster, digital media company GameTrailers, as well as backup storage companies Electronic Vaulting Services, Safebackup, and 24sevenbackup As it does every quarter, J2 Global Inc.

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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.

Southern California Companies Raise $2.49 Billion In VC In Q2

socalTECH

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. The number for the quarter is the biggest amount raised in the region since the dot com boom, and a major bump over Q1's $957M. The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1.

j2 Global Acquires Four More Companies

socalTECH

Los Angeles-based Internet services and online publishing giant j2 Global says it has acquired four more companies, all completed in the third quarter of 2016. The company said all four acquisition will help it grow its global customer base, provide access to new markets and expand its lineup.

ServiceNow Wins Israeli Telecom Company

socalTECH

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.

Domain Registry Company XYZ Gets Permission to Sell Domains in China

L.A. Business Journal

Domain registry company XYZ Inc. has been granted permission by the Chinese government to sell its dot-xyz domain suffix in China, potentially opening up a huge market to the Santa Monica startup. XYZ has sold more than 6 million dot-xyz domains globally. About 2 million of those domains were registered in China with tentative permission from the Chinese government. The firm has exclusive rights from Internet Corp.

Three LA Companies Pursuing Gawker Media

socalTECH

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.

SaaS Funding Targest Software Companies With New Santa Monica Office

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SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months.

Entrepreneur's Brilliant Companies List Pinpoint SoCal Startups

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brilliant companies nimble parkme quarterly beachmint dollarshaveclub chromatik startup

This Company Raised $6.5 Million to Help You Find Out If You’re Underpaid

Jason Nazar

Where does your compensation rank you in your company? How much money do you make? Is your salary significantly lower than the industry average? Uncomfortable yet? That’s the point. Nazar, 37, says compensation is one of the most taboo topics of conversations in society. Read at Fortune. Press

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How Online Video Companies Can Increase Margin and Build Better Businesses

Both Sides of the Table

In my last post I pointed out that many of the media commentators who have criticized the YouTube video network companies as not having strong businesses were mistaken. The next part of the margin mix online video companies must get control of is talent margins.

Oculus VR Buys Two Computer Vision Companies

socalTECH

Irvine-based virtual reality technology developer Oculus VR has made two computer vision acquisitions, saying Thursday that it is acquiring Nimble VR , a developer of hand tracking technology; 13th Lab , a developer of technology to acquire 3D models of the real world; and also hired computer vision expert Chris Bregler , an expert in the motion capture space.

j2 Global Buys Six Companies In Q2

socalTECH

Los Angeles-based j2 Global said this morning that it has acquired six companies, all during Q2. j2 Global said it has acquired SMTP , a provider of email marketing services; GameTrailers , a digital media publisher; Publicaster , an email marketing company; Electronic Vaulting Services , a backup services provider; Safebackup , another backup provider, and Ireland-based , also in the backup area.

What I Hate About Selling Companies

Both Sides of the Table

Teams that I’ve backed have sold their companies to Disney, Apple and AOL for substantive amounts of money. But the truth is that selling a company doesn’t always feel like a celebration as a VC. The more I’ve internalized things I’ve come to see selling a company like graduating high school or college. Still: I hate selling companies. By all measures the past year has been successful.

The Crowd Has Spoken: Check Out The Coolest US Tech Companies

InfoChachkie

What American tech company is the coolest? Talented employees look for a number of tangible and intangible factors when deciding among multiple employment offers, including a company's cool factor. Or you may find that coolness is all about the companies' products and innovations.

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The Bouqs Company Finds $12M For Flower Delivery

socalTECH

Venice, California-based The Bouqs Company , the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The funding brings the company's total raised to $20M. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates.