Berkonomics

JUNE 29, 2017

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more. And yet, in an earlier post, we spoke of the problems that come when taking unstructured investments from friends and family.

Invest 243

Invest Entrepreneur Sales Startup 243

TechCrunch LA

JUNE 29, 2017

As the firm looks ahead to its own future, Suster and the firm he's helped grow remain committed to the future of Los Angeles. The two are paired, and these days if an investor is #LongLA (to use the hashtag the firm coined), it looks like limited partners are saying that it pays to be long on Upfront, as well. .

Los Angeles 243

Los Angeles Marketing Funding Angel 243

socalTECH

JUNE 29, 2017

To the newly initiated, it might seem that Southern California is not particularly well known for its venture capital funds--however, for those insiders keeping track, Southern California is actually seeing an unprecedented upsurge in local venture capital firms seeking to make funding available to entrepreneurs, particularly at the seed and Series A stage.

Southern California 178

Southern California Venture Capital Artificial Inteligence Capital 178

TechCrunch LA

JUNE 29, 2017

As the firm looks ahead to its own future, Suster and the firm he’s helped grow remain committed to the future of Los Angeles. The two are paired and these days if an investor is #LongLA (to use the hashtag the firm coined), it looks like limited partners are saying that it pays to be long on Upfront as well. Read More.

Los Angeles 243

Los Angeles Marketing Funding Angel 243

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

JUNE 29, 2017

Elon Musk , the tech billionaire behind SpaceX and Tesla Motors, said on Wednesday that his tunneling project has completed its "first segment of tunnel" in LA. Musk as been discussing an idea to dig tunnels underneath Los Angeles to cut down on traffic jams and commute times. Musk did not provide details on how long or where that first segment of tunnel will lead to; apparently, the digging operations before now had been confined to the SpaceX parking lot.

SpaceX 154

SpaceX Los Angeles Ideas Angel 154

L.A. Business Journal

JUNE 29, 2017

Recreational video game competition Super League Gaming raises $15 million, Boring Co. completes test tunnel and Upfront raises $400 million for sixth early-stage fund.

Competition 100

Competition Report Funding 100

Xconomy

JUNE 29, 2017

In tech circles, amid the chatter about terrestrial innovations such as artificial intelligence, machine learning, and genomics, there’s excitement building around another important emerging sector: private space travel. Tesla’s Elon Musk, Amazon’s Jeff Bezos, Virgin’s Richard Branson, and Microsoft co-founder Paul Allen all have private space ventures underway.

Artificial Inteligence 51

Artificial Inteligence San Diego SpaceX Blogging 51

socalTECH

JUNE 29, 2017

Need to get from LA to San Francisco, and back, but tired of waiting in airplane lines or driving yourself? A new, Bay Area startup, Cabin , says it has created a new way to get back and forth from San Francisco, which it bills a "moving hotel". The company says its moving hotels--luxury sleeper buses with a lounge, Wi-Fi, and bathrooms--will allow users to check in at 11pm, and wake up in the morning at their destination.

Funding 113

Funding Startup Los Angeles Angel 113

Both Sides of the Table

JUNE 29, 2017

I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venture capital fund in the past 21 years. Upfront VI is our latest core fund and is $400 million to invest in early stage entrepreneurs. This brings our combined funds under management to nearly $2 billion. A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations.

Funding 287

Funding Venture Capital Santa Monica Invest 287

socalTECH

JUNE 29, 2017

Sorrento Valley-based Theragene Pharmaceuticals and Palo Alto-based Eiger BioPharmaceuticals announced a deal on Thursday, where Eiger would sell its non-strategic assets to Theragene. The two companies said Theragene would pay $3.1M upfront to Eiger, split between $240,000 in cash plus up to $2.85 million in Theragene common stock, plus up to $15M in future milestone payments, royalties, and licensing fees.

Company 113

Company Companies 113

socalTECH

JUNE 29, 2017

Seal Beach, California-based Dendreon , a developer of treatments for metastatic prostate cancer, has been acquired by Chinese conglomerate Sanpower Group , in a deal worth $819.9M in cash, the company announced this morning. Dendreon--owned by an affiliate of Valeant Pharmaceuticals--develops PROVENGE, a treatment for prostate cancer, and was led by CEO James Caggiano.

Develop 113

Develop Development Company Companies 113

socalTECH

JUNE 29, 2017

San Diego-based pharmaceuticals developer Imprimis Pharmaceuticals said that it sold off its Folcroft, Pennsylvania facility, and related assets in the sinus business, in a deal worth $450,000. According to Imprimis, the deal will help it focus its resources on its core ophthalmology business. Imprimis said the move was an "important step towards reducing non-strategic overhead expenses.

San Diego 113

San Diego Resource Help Develop 113

socalTECH

JUNE 29, 2017

Los Angeles-based cloud-based financial tools developer InvestCloud says it is launching a new, fintech startup incubator in London, at its European headquarters. According to InvestCloud, it will open up a new "Innovation Center" which will offer both startups and established financial firms to deliver wealth management software supported by its platform.

Incubator 113

Incubator Startup Los Angeles Tool 113

socalTECH

JUNE 29, 2017

Los Angeles-based venture capital investment firm Upfront Ventures has announced its latest fund, Upfront VI , to the tune of $400M, the company said on Thursday. According to Upfront, the new fund brings its total combined funds under management to nearly $2 billion. Upfront said that it continues to look mostly at Seed or A-round investments, with a median check size of $2.8 million, but said it also invests earlier or even leads B-rounds if it know the team well or the market.

Funding 100

Funding Los Angeles Blogging Venture Capital 100

socalTECH

JUNE 29, 2017

Need to get from LA to San Francisco, and back, but tired of waiting in airplane lines or driving yourself? A new, Bay Area startup, Cabin , says it has created a new way to get back and forth from San Francisco, which it bills a "moving hotel". The company says its moving hotels--luxury sleeper buses with a lounge, Wi-Fi, and bathrooms--will allow users to check in at 11pm, and wake up in the morning at their destination.

Startup 100

Startup Los Angeles Angel Funding 100

socalTECH

JUNE 29, 2017

Need to get from LA to San Francisco, and back, but tired of waiting in airplane lines or driving yourself? A new, Bay Area startup, Cabin , says it has created a new way to get back and forth from San Francisco, which it bills a "moving hotel". The company says its moving hotels--luxury sleeper buses with a lounge, Wi-Fi, and bathrooms--will allow users to check in at 11pm, and wake up in the morning at their destination.

Funding 100

Funding Startup Los Angeles Angel 100