Wed.Jul 20, 2016

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Silicon Beach Report July 20: Dollar Shave Club Acquired for $1 Billion

L.A. Business Journal

Dollar Shave Club acquired for $1 billion, Rubicon Project signs deal to automated Spotify ad inventory, RadPad adds electronic leases, and more.

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3PL Central Acquires Traker Systems

socalTECH

Manhattan Beach-based 3PL Central , a private equity-backed developer of warehouse management software, said that it has acquired Traker Systems (iTracker), a fellow developer of software in the 3PL software area. Financial terms of the acquisition were not disclosed. 3PL Central said that the acquisition will help it to accelerate its product development cycles, provide more solutions, and bolster its Customer Success team. 3PL Central is led by John Watkins, who remains CEO of the combined com

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LA Startup Night / #TechCoLA

SoCal Tech Calendar

Tuesday, July 26, 2016 -- LA Startup Night / #TechCoLA. Tech.Co and WeAreLATech are coming together to present the best local female-founded startups while celebrating the greater LA startup and tech community. Proceeds from ticket sales will go to the top startup, sending them to compete at Tech.Co's Startup of the Year competition in September. See https://nvite.com/TechCoLA/bd7a.

Startup 100
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TouchCommerce Launches New Chatbot Product, TouchAssist

socalTECH

Agoura Hills-based TouchCommerce has added a new chat bot product called TouchAssist , to its lineup of services and software, the company said this morning. TouchCommerce said its new product, aimed at brands, will offer up "intelligent" automated conversations with customers, all linked into TouchCommerce's live assistance services. TouchCommerce said it is leveraging virtual assistant technology from Nuance Communications for the new product, which starts out text interactions using virtual a

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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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RSVP July 26, 2016 - BSA

SoCal Tech Calendar

Tuesday, July 26, 2016 -- BioScience Alliance Backyard BBQ! Summer is here and since BSA’s goal is to stay connected with the community; we are planning a summer barbeque ("BSA Backyard BBQ").

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SpotHero Launches Parking App In LA

socalTECH

Need help finding a parking spot in LA? Parking reservation service SpotHero says it has launched its parking app in Los Angeles, letting users find and reserve parking spots near LAX, Downtown Los Angeles and Pasadena, along with elsewhere, at over 150 locations in the Los Angeles area. The company--based out of Chicago--works with parking operators to help them fill unsold spots, which can be reserved via an iOS or Android app, or through the company's website.

Pasadena 100

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Versant Ventures Chalks Up An IPO At Audentes Therapeutics

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Newport Beach-based venture capital ‌investor Versant Ventures can chalk up another IPO this morning, as portfolio company Audentes Therapeutics heads to the NASDAQ Global Market as BOLD. Audentes priced at the midpoint of its earlier, estimate IPO range of $14.00 to $16.00 per share. Versant Ventures had owned 11.1 percent of Audentes Therapeutics before its IPO.

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Audentes Prices $75M IPO As Gene Therapy Eyes First U.S. Approval

Xconomy

As the possibility of the first ever gene therapy approval in the U.S. draws closer, more gene therapy players are entering the public markets. Today, it’s San Francisco’s Audentes Therapeutics, which aims to use gene therapy to treat a group of rare diseases. Audentes sold 5 million shares at $15 apiece in its IPO last night, right in line with its $14 to $16 per share expectations.

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LA Startup To Broadcast Live Surgery In VR

socalTECH

Los Angeles-based GIBLIB , a startup multi-channel-network (MCN) focused on surgery content, said it will be broadcasting a live, public stream of a hernia surgery in virtual reality next week. According to GIBLIB, it will broadcast a 360 degree virtual reality view of a surgery being conducted in Beverly Hills in 4K video. The company said the livestream will be available to the public, although the startup said the purpose of its site is for doctors to share videos of their surgeries to help e

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Dauntless Takes Flight with New Business Model for Starting Biotechs

Xconomy

First came Inception Sciences , a holding company for spinning out biotech startups established by Versant Ventures and Peppi Prasit, the veteran San Diego drug developer. Then came COI Pharmaceuticals , the shared “community of innovation” for startup biotechs established by San Diego’s Avalon Ventures as part of its partnership with GlaxoSmithKline.

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Synthorx Raises $10M

socalTECH

San Diego-based Synthorx , a developer of protein therapeutics technology, said it has raised $10M in a Series B financing this morning. The funding was led by RA Capital Management, and also included Avalon Ventures and Correlation Ventures. RA Capital Management's Andrew Levin joins the company's board with the funding. Synthorx is focused on developing synthetic biology techniques for producing proteins that cannot be made through traditional methods.

Avalon 100
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7 Ways People Can Make A Big Difference In Startups

Startup Professionals Musings

In my years of working with entrepreneurs, I have heard many times the promise that their new idea will create the next Amazon or Apple, but I rarely hear the more important promise that the founder will practice all the good habits of winning entrepreneurs like Jeff Bezos and Steve Jobs. You see, I’m convinced that the entrepreneur makes the company, not the other way around.

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SpaceX Dragon Successfully Docks With ISS

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The latest SpaceX mission to the International Space Station has successfully docked with the International Space Station this morning, as it made the final leg of its journey to the ISS after a successful launch early Monday. According to NASA, Expedition 48 Commander Jeff Williams and NASA Flight Engineer Kate Rubins successfully captured the Dragon spacecraft at 6:56 a.m., and is now working on installation of the Dragon to offload cargo from the vehicle to the space station.

SpaceX 100
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Dollar Shave Club Acquired For $1 Billion By Unilever

socalTECH

In another, stunning exit for Southern California's technology startup community, Los Angeles-based Dollar Shave Club has been acquired from a reported $1 billion by Unilever. Dollar Shave Club operates a subscription, razor and toiletries accessory business targeted at men. Unliver did not disclose terms of the deal, but said the deal is expected to close in Q3.

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Rubicon Project Wins Spotify

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Los Angeles-based Rubicon Project has landed a high profile win today, with music streaming service Spotify , the companies announced this morning. Financial impact of the win was not annoucned. The two said that Rubicon Project will automated Spotify's audio advertising inventory, in a move which will let brands reach listeners with 15- and 30-second audio advertising spots, which can be targeted by age, gender, music genre, and specific playlists.