socalTECH
FEBRUARY 4, 2019
Tesla Motors , the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies , in a deal worth approximately $218M, the companies announced on Monday. ACcording to the two, the merger agreement calls for Tesla to pay $4.75 per share for all of the outstanding stock of Maxwell Technologies.
InfoChachkie
FEBRUARY 4, 2019
A version of this article previously appeared Forbes. When I saw World Series Poker Champion Annie Duke speak in 2017, I was inspired to write an article describing some of her recruiting techniques. Impressed with her wit and insights during her talk, I was excited to read her latest book, Thinking In Bets. I was not disappointed. Business (And Life) Is Poker, Not Chess.
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socalTECH
FEBRUARY 4, 2019
Santa Monica-based MomentFeed , the developer of software that helps multi-location brands manage the mobile experience for their customers, has named Avik Dey as its new Senior Vice President of Engineering, the company said this morning. Dey was most recently Executive Vice President, Technology at Marin Software, and also served as Worldwide Director, Big Data Product/Apache Engineering at Intel Corporation, in addition to serving at Yahoo!
Xconomy
FEBRUARY 4, 2019
Last week, it was reported by multiple media outlets (see here , and here , and here ) that a group of Israeli scientists had found “a cure for all cancer” and that it could be ready within a year. As a long-time life sciences industry executive my knee-jerk reaction was not “finally!” but “crap, not again!” As someone who knows from experience the challenges of treating cancer—man, it’s hard—the hairs on the back of my neck stood up with concern for the more than 15 million people l
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.
socalTECH
FEBRUARY 4, 2019
Los Angeles-based commercial real estate services giant CBRE Group announced this morning that it has acquired UK-based Romonet Limited , a provider of software, technology, and consulting services for the large global data center market. Financial details of the acquisition were not announced. According to CBRE Group, Romonet's team of professonals will join CBRE as part of the acquisition.
Startup Professionals Musings
FEBRUARY 4, 2019
If you are looking for funding and customers for your new business, you need to identify your “unique selling proposition” (USP) right up front, in 30 seconds or less, to differentiate yourself in today’s information overload. That may sound obvious, but as a new venture investor, I rarely see it happening. Investor and customer attention spans are short, and both will write you off quickly.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Xconomy
FEBRUARY 4, 2019
After Facebook posted a record profit of almost $7 billion in the fourth quarter on nearly $17 billion in revenue last week, an early investor, former advisor to CEO Mark Zuckerberg, and current shareholder said he’s making it a mission to “fix’’ the 15-year-old tech giant. Roger McNamee, in a podcast interview with The New York Times , says the company is a dangerous, predatory instrument that uses the fun and convenience of its app to get users addicted.
socalTECH
FEBRUARY 4, 2019
Techstars Music Accelerator , one of the startup accelerators that Techstars operates in Los Angeles, has named the latest startups to become part of its program, saying that it has selected nine startups for the latest program, which runs from February 4th through May 2nd. According to the accelerator, the startups include The Music Fund (streaming music pricing); SuperRes (artificial intelligence classification of music); Inklocker (on-demand manufacturing); Marble AR (augmented reality); Mila
Xconomy
FEBRUARY 4, 2019
It’s not too late to submit your nominations for the first-ever Xconomy Awards San Diego. We are extending the deadline for nominations to 5 p.m. PST on Thursday, Feb. 7. This week is your last chance to nominate in categories including Digital Trailblazer, CEO, and Secret Weapon. Here is the full category list. This is your chance to tell our judges about the people, companies, and organizations that make the life science, healthtech, and medical device communities in San Diego so innovative.
socalTECH
FEBRUARY 4, 2019
Hawthorne-based SpaceX has test fired its new Raptor engines, the new engines which are being developed for the next SpaceX launch vehicle. The Raptor engine is a liquid-fueled rocket engine which uses methane and liquid oxygen, and are expected to have about twice the power of the current Merlin 1D engines used in the SpaceX Falcon 9. pic.twitter.com/ChEGbjTGKZ — Elon Musk (@elonmusk) February 4, 2019.
Xconomy
FEBRUARY 4, 2019
Battery-technology business Maxwell Technologies has agreed to be acquired by Silicon Valley electric car company Tesla (NASDAQ: TSLA ) in an all-stock deal valued at about $218 million, the San Diego-based company announced Monday. Maxwell (NASDAQ: MXWL ) said Palo Alto, CA-based Tesla would buy its shares at $4.75 apiece, a 55 percent premium over its stock price as of market close Feb. 1.
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