socalTECH
MARCH 2, 2018
Aliso Viejo-based semiconductor maker Microsemi is being acquired by fellow chip maker Microchip Technology , in a deal worth a massive, $8.35 billion, the two said on Thursday. According to the two, Microchip will pay $68.78 per share in cash for Microsemi, in a deal which will have a total enterprise value of about $10.15 billion after accounting for Microsemi's cash and investments, net of debt.
SoCal Tech Calendar
MARCH 2, 2018
Thursday, March 8, 2018 -- TechFair LA 2018. LA's Largest Technology Job Fair will be returning to LA for an even bigger and better event for the second year in a row, co-hosted by Comparably, Annenberg Foundation and Office of Mayor Eric Garcetti. Over 250 most prominent tech companies in attendence along with 10,000+ job-seekers in Engineering, Product, Sales, Marketing, Design and more attending.
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socalTECH
MARCH 2, 2018
Two, Southern California venture capital investors-- Core Innovation Capital and Kairos Ventures --have backed a new, fintech startup focused on providing steady retirement income. New York-based Blueprint Income said Thursday that it raised $2.75M in a seed investment, which was led by Green Visor Capital and NextView Ventures, and also included Core Innovation Capital, Kairos, and angel investor Jean Chatzky.
SoCal Tech Calendar
MARCH 2, 2018
Thursday, March 8, 2018 -- The Montgomery Summit. The Montgomery Summit gathers an invited group of entrepreneurs, senior investors, and leading executives to discover the most important innovations in business and technology. The event features two days of presentations, keynotes, panels, and salons at the Fairmont Miramar Hotel in Santa Monica, Calif.
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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
MARCH 2, 2018
Los Angeles-based venture capital investment firm First Beverage Ventures , which specializes in investing in beverage brands, has made an investment in vitamin-infused coffee and tea company VitaCup. Size of the equity funding was not announced. VitaCup offers its single cup, Keurig-style coffee and tea pods online through its own e-commerce channels.
L.A. Business Journal
MARCH 2, 2018
Snap skips employee bonuses; Hulu buys Madison Square Garden Theater naming rights; and StartEngine launches first regulated ICO.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Tech.Co
MARCH 2, 2018
Everyone wants a fair chance at the American dream. And if you have a big idea, the opportunity to create your destiny should be available to you. Fortunately, the Kauffman Foundation is dedicated to breaking down barriers, empowering the doers, and opening doors of opportunity to people regardless of race, age or where they come from to achieve uncommon things.
socalTECH
MARCH 2, 2018
West Hollywood-based equity crowdfunding site StartEngine says it is powering a $250M, "initial coin offering" (ICO) for Overstock.com and its t0.com, Inc. (tZERO) subsidiary. According to StartEngine, tZERO is raising $250M in its ICO. StartEngine said the ICO is the first regulated ICO on its platform. READ MORE>>.
Startup Professionals Musings
MARCH 2, 2018
One of the lessons I have learned over the years as a business executive, and now as a mentor to entrepreneurs, is that if you really want employees who enthusiastically take ownership of their work, you have to start treating them like owners, not renters. Owners feel they have skin in the game, and benefit from improved effort and results, rather than just getting blamed for problems.
Xconomy
MARCH 2, 2018
Food spoilage can cost big retailers like Walmart billions in losses. Now, the Arkansas-based giant says it has filed two patents on technology that can digitize the current inspection process for perishable goods. Called Eden, the initiative is in its early stages, but the idea is to use artificial intelligence and cameras to create a “freshness algorithm” used by employees at Walmart’s distribution centers.
Xconomy
MARCH 2, 2018
Amid intensifying global demand for workers who can extract insights from zettabytes of data, the University of California, San Diego held a dedication ceremony Friday for its new Halicio?lu Data Science Institute. The center, made possible by a $75 million gift from UC San Diego alumnus and early Facebook employee Taner Halicio?lu, is intended to encourage the development and use of new data science technologies in just about every field on campus—and beyond.
SoCal Tech Calendar
MARCH 2, 2018
Thursday, March 8, 2018 --.
Xconomy
MARCH 2, 2018
These days, it’s not just Snow White’s stepmother who has a mirror that talks back. Thanks to augmented reality, Internet of Things, and data analytics technologies, more of us might be confronted with so-called “smart mirrors” the next time we try on clothes or accessories in a store. While mirrors are typically static pieces of glass, they are now being converted into high-tech portals that can make suggestions to complete an outfit, transport the reflected image into a beach scene or cityscap
Xconomy
MARCH 2, 2018
Biotech startups rolled in cash this week. By our count, investors put more than $800 million into life-sciences startups in four days. The money came from a wide range of backers, not just traditional biotech venture firms. It’s early yet in 2018, but the current count could put life-sciences companies on pace to bust past last year’s $17.6 billion, a figure compiled in the Venture Monitor Report.
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