Thu.May 02, 2019

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PhoenixET Finds Funding For Smart Building Management Software

socalTECH

Aliso Viejo-based PhoenixET , a developer of Internet-of-Things (IoT) products for the smart building market, has raised a round of funding in what it says is a growth capital funding. The funding was led by Spring Lake Equity Partners and Energy Innovation Capital (EIC), and also included existing shareholder Duke Energy. The size of the investment round was not announced by the company.

Software 133
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How much time do you spend “outside the box?”

Berkonomics

So, you’re managing all that work, all those interruptions, all those texts and pesky emails. You get home at some reasonable hour, kind of tired, and needing a recharge. Sound familiar? Well, that’s probably because you’ve “wasted” a significant portion of your time on tasks others could have done effectively. So, where do you get those sparks of genius that could change your company and change the world?

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AdColony Rolls Out $5M In Incentives For App Monetization

socalTECH

Los Angeles-based AdColony has launched a new, $5M fund to encourage mobile app publishers to adopt its in-app monetization tools, the company said on Thursday. According to the firm, its new Advanced Monetization Program (AMP) will provide incentives to encourage the company to adopt its in-app monetization technology. The company said it would pay out that $5M by providing 100 percent revenue share for publishers for 90 days, in addition to other incentives to encourage those publishers to ado

Tool 133
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CLU New Venture Fair

SoCal Tech Calendar

Wednesday, May 8, 2019 -- CLU New Venture Fair. The New Venture Fair (NVF) is a valuable part of Cal Lutheran's entrepreneur education experience, in which student teams share their innovative startup projects in a competitive environment. The NVF is a dynamic and exciting evening where the community gets its first look at Cal Lutheran's exceptional student entrepreneurs.

Education 100
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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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USC Marshall Combines MBA, STEM

socalTECH

The University of Southern California (USC) Marshall School of Business is hoping to make its MBA students more attractive to the marketplace--and help its international students--by adding a new "STEM specialization" option for its full time MBA students, the company announced on Wednesday. According to the Marshall School, the "STEM specialization" will include certification in areas such as statistics, data analytics, operations and supply chain optimization, finance, forecasting, and digital

USC 133
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Customer Discovery and Product Market Fit with Eric P. Rose, NPDP, MBA

SoCal Tech Calendar

Wednesday, May 8, 2019 -- Customer Discovery and Product Market Fit with Eric P. Rose, NPDP, MBA. Precellerator. This talk will cover the preliminary market research work of Customer Discovery, that is to discover who would most value your proposed new product. It will also cover the tough decisions to then tailor your product in a way that the market values the most and yields the best return on its development investment.

Customer 100

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Ivor Royston Named Xconomy’s 2019 Lifetime Achievement Award Winner in San Diego

Xconomy

We at Xconomy are excited to announce that we are honoring Ivor Royston , co-founder of Hybritech and Idec Pharmaceuticals, with our 2019 Lifetime Achievement Award—the first ever awarded in San Diego. The award recognizes Royston’s wide-ranging career as an academic physician, entrepreneur, investor, and life sciences executive. His foundational role in starting Hybritech, San Diego’s first biotech, puts him at the start of the creation of what is today one of the most vibrant life scienc

San Diego 101
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LA's Beyond Meat Sees Huge Pop In IPO Debut

socalTECH

Beyond Meat , the developer of plant-based, meat alternatives--including a popular, ground burger-like product--saw a huge pop on its IPO debut on Thursday, closing up 163 percent, at $65.75 per share in its first day of trading. The company's stock is continuing to rise in after-hours trading after it debuted on the Nasdaq Global Select Market as BYND.

Pricing 113
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SMA Moment: Will Gene Therapy Shift Treatment, Costs of Muscle Disease?

Xconomy

This is a big moment for people diagnosed with spinal muscular atrophy, or SMA, a rare and potentially lethal genetic disorder that destroys muscles. For decades, there was no way to change the trajectory of their disease. They now have one marketed medicine, and this month, chances are they’ll have another: a gene therapy that promises a long-lasting treatment, if not an outright cure, through a one-time dose.

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Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion

socalTECH

Los Angeles-based Beyond Meat , the developer of plant-based, meat alternatives, has soared in its IPO debut, trading as high as $58.90, or 135.6 percent over its IPO price of $25.00 per share. The company's first trades on Thursday morning were at $46.00 per share. The company is now valued at over $3.383 billion. Beyond Meat priced well above its initial $19.00 to $21.00 IPO pricing range.

Pricing 113
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New VC Firm Blueprint Equity Puts $6M into Florida Software Company

Xconomy

A new venture capital firm, which in November marked its launch by raising a $53 million-plus fund to invest in startups, has made its first investment. Blueprint Equity managing partners Sheldon Lewis and Bobby Ocampo, 30-somethings who are part of a new generation of investors in San Diego, said Thursday that the firm had invested $6 million in Sunwave, a Florida-based company that makes software for substance abuse treatment centers.

Equity 93
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SpaceX Confirms Crew Dragon Destroyed In Testing Mishap

socalTECH

Hawthorne-based SpaceX confirmed on Thursday that its Crew Dragon capsule, designed to carry astronauts into space, was destroyed in the accident last month during testing. Videos of the destruction of the capsule were leaked , apparently by either a NASA employee or a NASA contractor last week. SpaceX said the accident occurred during an activation of the capsule's escape system thrusters, which are designed to bring the Crew Dragon back to earth in the case of an accident.

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Beyond Meat’s IPO Bags $241M to Make Plant-Based Burgers Mainstream

Xconomy

A Beyond Meat burger is coming to a location near you—and soon. The food technology company’s upsized IPO has raised $241 million to finance plans to bring its plant-based “meat” to more grocery stores and restaurants across the country. Beyond Meat priced its IPO Wednesday evening at $25 per share, which was the high end of its revised range.

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Hulu Ups Subscribers To 26.8M Paid Subscribers, Bingeing Drives Ad Dollars

socalTECH

Los Angeles-based streaming television service Hulu says it has upped its total number of customers to 28 million in total, with 26.8 million of those being paid subscribers. The company shared the subscriber numbers as part of a presentation at its annual "Hulu Upfront" event in New York City. According to Hulu, it is also seeing increasing average time per subscriber, with an increase of more than 20% in 2018.

Hulu 113
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Trovata.io Finds $5.5M For Automating Cash Management

socalTECH

San Diego-based fintech startup Trovata.io , which is developing software to automate cash management, has raised $5.5M in a seed funding round, the company said this week. The funding was co-lead by FINTOP Capital and JPMorgan Chase. According to Trovata.io, the funding will go towards ramping sales and accelerating product development for its treasury management software.

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Hulu Ups Subscribers To 26.8M Paid Users, Bingeing Drives Ad Dollars

socalTECH

Los Angeles-based streaming television service Hulu says it has upped its total number of customers to 28 million in total, with 26.8 million of those being paid subscribers. The company shared the subscriber numbers as part of a presentation at its annual "Hulu Upfront" event in New York City. According to Hulu, it is also seeing increasing average time per subscriber, with an increase of more than 20% in 2018.

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GumGum Sports Names ESPN Veteran To VP Post

socalTECH

Santa Monica-based GumGum Sports , which develops artificial intelligence (AI)-powered software to help quantify the amount of exposure sponsors are getting from sports sponsorships, has tapped a veteran of ESPN as its newest executive. According to GumGum Sports, it has named Tori Stevens as Senior Vice President of Customer Success. Stevens was most recently at Sports Innovation Labs.