Thu.Jan 11, 2018

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What’s a company board good for, anyway?

Berkonomics

Some of you have gotten along forever without a board of directors, or used your spouse as the “other” board member from the start. But there are some very good reasons to build a great board composed of some outside members. And good board members can add real value to you and the company. In other posts, we cover legal responsibilities of a board, how to pay board members, the limits of their responsibilities, dealing with under-performing or “noisy” board members, and more.

Company 243
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Interlink Electronics Names New CFO

socalTECH

Westlake Village-based Interlink Electronics said on Wednesday afternoon that it has named David S. Burnett as its Chief Financial Officer. Burnett had previously served as CFO of the company, from August 2016 to April of 2017. Interlink says Burnett has also been appointed CFO of BKF Capital Group, and OTC traded company which owns 11.93 percent of the company.

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Internet Brands to Acquire Lawyer Search Website Avvo

L.A. Business Journal

Internet Brands has reached an agreement to acquire Avvo Inc., an online directory of law firms and legal services, for an undisclosed amount, according to a press release.

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Renovate America Names CFO

socalTECH

San Diego-based Renovate America , which provides home improvement financing for energy efficiency projects, said this week that it has named Adam Garfinkle as its Chief Financial Officer. Garfinkle was most recently SVP and Head of Capital Markets for Renovate America, and has been at the company since 2015. Garfinkel previously had spent 13 years as Head of the Asset Backed & Mortgage Backed Structured Finance Group at Bank of America Securities.

San Diego 113
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Silicon Beach Report Jan. 11: Venture Capital Investment to L.A. Region Falls Again

L.A. Business Journal

Venture capital investment to L.A. region falls again; Internet Brands to acquire lawyer search website Avvo; and SpaceX delays commercial crew test flights to latter half of 2018.

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LoanHero Acquired By LendingPoint

socalTECH

San Diego-based LoanHero , which had offered up a service to help merchants offer up point-of-sale financing options to consumers, has been acquired by Georgia-based LendingPoint. Financial details of the deal were not announced. According to LoanHero had been venture backed by Alsop Louie Partners and Mucker Capital, and had raised $4.2M in total funding.

San Diego 113

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Tech Scenes: Brew Johnson of Peerstreet

socalTECH

Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive. In this solo episode we meet up with Brew Johnson of Peer Street and talk about the advantage of being in Manhattan Beach, giving everyone access to investments that were previously available to the select few, unlocking an the entire ecosystem of investors, borrowers and lenders, and transforming an industry through innovation.

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Toyota, Ford, Aptiv, Baidu Lead Crowd Pushing Mobility at CES

Xconomy

In the past, the tech conference CES has primarily highlighted consumer electronics and other cool gadgets, but as automakers continue their quest to be taken seriously by the tech industry, the Las Vegas show held every January has increasingly become the venue of choice for car companies that want to show off their latest autonomous and electric vehicle developments.

Mobile 71
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LendingPoint Adds Point-of-Sale Financing with LoanHero Buyout

Xconomy

LendingPoint , an online provider of direct loans to consumers, has acquired LoanHero , the San Diego fintech with technology that enables merchants to extend instant financing to consumers at the point of sale. Financial terms of the buyout were not disclosed in an announcement Thursday. The acquisition enables LendingPoint, which focuses on near-prime consumers (with FICO credit scores from 580 to 700), to extend its financial software and services to consumers making a major purchase, whether

Sales 68
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Notes From the JPM ’18 Vortex: Gene Therapy’s Reckoning and Lonely Cabs

Xconomy

The annual J.P. Morgan Healthcare conference in San Francisco winds down today, meaning the remaining stragglers are either presenting to half-empty rooms or headed back to colder climes. Compared to a 2017 full of scientific milestones—FDA approvals of gene and cell therapies, a clinical victory for RNA interference, and more—the meeting itself was rather dull.

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Loving LTE or Tossing the Smartphone: Tech Leaders Share New Habits

Xconomy

We asked people around the Xconomy network whether their personal patterns of technology usage changed much in response to something that happened in 2017, as part of our series of perspectives and predictions marking the start of a new year. Here are answers from Ben Gilbert , co-founder of Pioneer Square Labs in Seattle and interim CEO of Taunt; Richard Holober , executive director of the Consumer Federation of California; Mark Lowenstein , managing director of consulting firm Mobile Ecosystem

Mobile 45