Visa Acquires Payment Protection Company Verifi

L.A. Business Journal

Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc.

The best things about your company board

Berkonomics

For weeks, we’ve highlighted both good and bad things about boards of directors for your company (or non-profit.) This week, let’s focus upon number one – aside from the requirements of boards to protect the company itself (not the shareholders.).

You are your company’s moral compass.

Berkonomics

Years ago, when I was CEO of my record manufacturing company in Hollywood, I happened to walk around the plant into the press room just as Bobby, one of the employees’ favorite coworkers, was offering stolen merchandise to his fellow pressmen from a bag he was carrying.

LA-based gaming company, Scopely, expands in Spain and Ireland

TechCrunch LA

The Los Angeles-based gaming company, Scopely is expanding its geographical footprint in Spain and Ireland. The company is building out its Barcelona offices tripling its office space and planning to significantly expand its 100-person-strong team in the city.

New THC and CBD infused beverage company, Cann, joins the race to replace booze

TechCrunch LA

The company founded by two former Bain consultants is the latest to take on the growing market for non-alcoholic intoxicants that use a combination of chemicals traditionally found in the marijuana plant to make their drinks.

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The former CFO of MarketShare, Heyrick has helped the company expand to over 11,000 massage therapists in its network.

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What about your previous company non-compete?

Berkonomics

Usually that means one they once or recently spent time in as an employee or manager within a company where they had little or no ownership. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined.

Startups Weekly: Upfront Ventures bets on a bus service

TechCrunch LA

Landline , the operator of a bus network in the Midwest, is one of the latest companies to raise venture capital. The company is actually based out of LA, too, but has completed its initial launch in Minnesota, where there’s greater demand for short-term bus travel.

Here’s a rule for companies with outstanding loans

Berkonomics

Here is one that is so important to the continued health of a growing company that it cannot be overstated. Long term debt is taken on for the acquisition of fixed assets such as equipment, cars, facilities and acquisitions of companies or their assets.

SmartDrive Wins Paving Company

socalTECH

San Diego-based driving safety and monitoring systems provider SmartDrive Systems announced this morning that it has signed up Superior Paving, a large asphalt paving company on the East Coast, as a new customer. smartdrive paving company driver safety fleet auto automotive transportation

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. A better company is the goal.

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.

Five ways to make your company stand out.

Berkonomics

There must be at least several companies out there right now positioning to compete with you. And although many positioning efforts cross the lines between these, great companies play to the strength of just one.

Elon Musk's Boring Company Ramps Efforts, Hiring In Las Vegas

socalTECH

The Boring Company , the Los Angeles company working on advanced transportation systems, which is led by technology mogul Elon Musk, says it is ramping up efforts in Las Vegas, and is actively hiring for a significiant number of positions in Las Vegas, as well as Hawthorne. According to The Boring Company, the jobs include positions in everything from Civil Engineering and Electrical Engineering to Security Guards and more.

How to protect your company lists and trade secrets

Berkonomics

Most employers have all their employees sign non-disclosure and confidentiality agreements to protect the company’s trade secrets, customer lists and business plans. Most senior and middle level managers will understand when a subordinate comes to them to resign and begin a new business.

Ten of Southern California's Top Software Companies

socalTECH

We've identified ten of the more technically interesting companies working on software in Southern California, using our unscientific, unproven, and undoubtedly biased informal polling. The company handles all the infrastructure required for text messaging, voice.

Tinder Sues Parent Company

L.A. Business Journal

has filed a lawsuit against parent company InterActiveCorp., alleging IAC purposefully undervalued the company to avoid proper payouts to executives Match Group dating app subsidiary Tinder Inc.

Video Game Companies Waver on E3

L.A. Business Journal

But not all game companies see it that way The Entertainment Software Association has called its annual E3 conference, taking place this week at the Los Angeles Convention Center, “the world’s premier event for computer and video 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.

Framework Benchmarks

TechEmpower

Application performance can be directly mapped to hosting dollars, and for a start-up company in its infancy, hosting costs can be a pain point. About What we do Portfolio People Blog Contact. You are viewing a single entry. Please also check out the most recent entries. March 28, 2013.

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.

Boring Company Tunnel Opening Shifts To December 18th

socalTECH

The official opening of the first tunnel being built by Los Angeles-based Boring Company , a prototype tunnel meant to prove out its technology and feasibility of transporting people and traffic beneath city streets, has shifted to December 18th, according to Elon Musk. The prototype tunnel is the first demonstration project by The Boring Company of its plans to transport cars underneath Los Angeles and other cities, to help reduce the impact of traffic on surface streets.

Cohu Buys Spring Probe Company

socalTECH

Poway-based Cohu said late Tuesday that it has agreed to acquire Kita Manufacturing Co LTD , a Japanese companies that develops products used in electronics manufacturing. The company said Kita had current year sales of estimated $17M. cohu spring probe company kita manufacturing japan electronics merger acquisition

Will your company’s sale be celebration or silence?

Berkonomics

First, there are at least three types of exits. I’ve been involved with well over twenty successful exits and four initial public offerings over the years, some of them with monstrous gains, some more modest.

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The Honest Company Raises $100M In Series D

socalTECH

Santa Monica-based The Honest Company , which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The company has now raised around $228M in funding.

Wittlebee Acquires Clothing Company

socalTECH

has acquired a clothing company, Cottonseed Clothing Company , the firm announced today. Cottonseed Clothing Company is a provider of t-shirt and apparel for kids. Wittlebee said that Cottonseed was one the first vendors to supply clothing to the company. The firm also said that Cottonseed Clothing CEO Erin Gutierrez will continue to be involved in the manufacturing process for the company. clothes acquisition merger ecommerce science company clothing wittlebe

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.

Elon Musk: Boring Company Tunnel Will Open December 10th

socalTECH

The first, high tech test tunnel built by LA's The Boring Company , bored between the SpaceX parking lot and a home in Hawthorne, California, is almost complete, and will open to the public on December 10th, according to Boring Company and SpaceX CEO Elon Musk. boring company tunnel tunneling transportation spacex elon musk

Elon Musk's Boring Company Gains Recommendation For Las Vegas Loop

socalTECH

Los Angeles-based Boring Company , the Elon Musk startup which is developing underground transportation systems, gain the endorsement of the Las Vegas Convention and Visitors Authority (LVCVA), for a possilble two-mile loop around the Las Vegas Convention Center. elon musk boring company vegas tunnel convention center loop cleantech tourism

Is your company or department as efficient as it should be?

Berkonomics

No matter what your company produces, there is surely a more efficient way to approach the process. And meeting the challenge of improving productivity is a great morale lift for all, as well as good business practice for the company and management. Close.

The Honest Company Raises Series E Funding

socalTECH

Los Angeles-based The Honest Company , the natural home products brand, said late Thursday that it has closed on a Series E financing round. The round was led by Fidelity Management & Research Company, along with others. per share, a significant decrease from the company's prior valuation of $45.75. fidelity capital venture ecommerce retail baby products home natural thehonestcompany company honest

LA Taxi Company Challenges Uber, Lyft, Sidecar

socalTECH

UITD--which is one of the companies working with competing smartphone app provider Flywheel to counter the other ridesharing companies--told the LA Weekly it has seen at least a drop of 30 percent in business from weekend club-goers in the South Bay and in West Hollywood.

Elon Musk: First Boring Company Tunnel Nearly Complete

socalTECH

The first tunnel being built by Los Angeles-based Boring Company , a prototype tunnel meant to prove out its technology and feasibility of transporting people and traffic beneath city streets, is nearly complete, according to Boring Company and SpaceX founder Elon Musk. Musk said that the Boring Company will unveil the tunnel on December 10th to the public. elon musk boring company tunnel tunneling transportation spacex

How Modern Companies Have Redefined Customer Support

Startup Professionals Musings

Big companies and small, from Amazon to Zappos, have set the bar high along the following lines: Business must be available when and where you are. Company amazingly finds you based on your interests.

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. h1z1 everquest videogame online capital venture company game daybreak nantworks