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Snapchat Sued Over Electronic Messaging Patents

socalTECH

Venice, California-based Snap, Inc. , the parent company of Snapchat , has been sued in a patent infringement suit, by a company called Vaporstream. Snap Inc), and cites a number of patents which were granted to Vaporstream in July of 2005 for Vaporstream's secure messaging products. READ MORE>>.

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Vyng Picks Up $4M For Video Ringtones

socalTECH

Venice, California-based startup Vyng , which develops software which turns calls from friends into cute "video ringtones" that show up on your lock screen when a friend calls, has raised $4M in a funding round, the company said on Thursday. Paul Kats is the CEO and co-founder of Vyng. READ MORE>>.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

The patents Overture held became known in small circles as Google’s ’361 problem as outlined here. The monetization engine of the Internet that powers the most profitable business perhaps in history was invented and perfected in Los Angeles and is what you now know as Google Ad Words. acquired Overture for $1.63