Wed.Dec 28, 2016

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Reflections on 2016: Lawrence Ng, OnRamp Fund

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Today's contribution is from Lawrence Ng , serial entrepreneur who, last year, founded OnRamp Fund , a $10 million incubator that invests in early stage startups. You can see all of our holiday reflections here. What's was biggest news from you or your‏ firm this year?

Funding 113
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10 Mindset Checks Before You Start A New Business

Startup Professionals Musings

Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle. Yet there is no standardized testing or certification required or available anywhere to help you decide if you are a good fit for entrepreneurship, or founding a business is right for you. An MBA or other academic credentials just don’t do it.

Startup 71
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Hulu, Disney Ink Video-On-Demand Deal

socalTECH

Santa Monica-based television- and video-streaming service Hulu and Walt Disney Studios said earlier this week that the two are in a subscription, video-on-demand deal which make over 50 popular titles available for streaming on Hulu. The titles include such major titles as Lilo & Stitch, Tarzan, The Princess and the Frog, Pocahantas, and Mulan, along with such titles as Con Air, Gone in 60 Seconds, Pearl Harbor, and The Mighty Ducks.

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6 Cybersecurity Predictions for 2017: Ransomware, Skills Gap & More

Xconomy

In 2016, we saw cyber attacks increasingly shift from external breaches of confidential data to internal disruption of data and services, as attackers used distributed denial of service (DDoS) or encryption to hold businesses hostage. Attackers continue to focus more on exploiting users than technology. Users are often unaware and uneducated about the potential risks, yet have huge access to data and resources, presenting a huge area of risk.

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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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Report: Snapchat Buys Cimagine Media

socalTECH

Venice-based Snap, Inc. , the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. The deal is reportedly worth between $30M and $40M. Cimaging Media develops augmented reality technology. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012. READ MORE>>.

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Biogen Sets $750,000 Initial Price For First-Ever Spinal Atrophy Drug

Xconomy

Patients with spinal muscular atrophy got some good news last week when the FDA approved nusinersen (Spinraza) , making it the first marketed drug ever for the rare and potentially deadly genetic disease. But as expected, the drug, from Biogen and Ionis Pharmaceuticals, is a costly one, priced at the high end of the six figure price tags often given to treatments for rare diseases with no alternative treatments.

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Political Focus on Rust Belt Could Help Boost VC Investment

Xconomy

Much has been written in the tech industry as a result of the Presidential election. Many coastal VCs and entrepreneurs believe that Trump’s America-first, anti-immigration platform could put the brakes on the venture industry’s core globalization strategies. While this may be true, regardless of which candidate you supported, most would agree that with chaos and disruption comes opportunity.