Thu.Jan 11, 2018

What’s a company board good for, anyway?


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.

Tech Scenes: Brew Johnson of Peerstreet


Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive.

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

Renovate America Names CFO


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.

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

Interlink Electronics Names New CFO


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. Burnett was most recently CFO of Palmetto Clean Technology, Inc.,

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LoanHero Acquired By LendingPoint


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. LoanHero had been founded in 2014. LoanHero's Chairman and CEO was Zalman Vitenson. READ MORE>>.

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


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.

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


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. This year, the mobility sector had its largest presence at CES yet.

LendingPoint Adds Point-of-Sale Financing with LoanHero Buyout


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.

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


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.