Thu.Oct 05, 2017

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Would you pay a high achiever more than yourself?

Berkonomics

Close. Recently I was asked to review an offer letter for a senior director of business development. The CEO was concerned that he was offering far too much in the form of incentive compensation, with bonuses that could greatly exceed the base salary if all the bonus items were achieved. I asked the CEO to imagine what the company would look like if all those bonus-expensive items were completely achieved in one year.

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HyreCar Expands In Wisconsin

socalTECH

Los Angeles-based online car rental service HyreCar is expanding its reach in the Madison, Wisconsin area, through a link with personal chauffeur app developer RideAlfred. According to the two, HyreCar's inventory will be available to drivers for RideAlfred in Madison. HyreCar lets drivers who aren't using their vehicles rent them out to others. The companies said they are looking to make it easier for people who wish to earn money as drivers for RideAlfred drive for the service, and other ride-

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Silicon Beach Networking Mixer At Wurstkuche in Venice

SoCal Tech Calendar

Wednesday, October 11, 2017 -- Silicon Beach Networking Mixer At Wurstkuche in Venice. Join the fastest growing startup and tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Register immediately for an early bird ticket.

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Aerie Pharmaceuticals Acquires Drug Delivery Assets From Envisia

socalTECH

Irvine-based Aerie Pharmaceuticals , which is developing treatments for patients with glaucoma and other eye diseases, said this morning that it has acquired a number of drug delivery assets from Envisia Therapeutics. According to Aerie Pharmaceuticals, it is paying $25M in a combination of cash and common stock for the technology. The technology involved is a system capable of creating precisely engineered sustained release of pharmaceuticals, according to Aerie, which it says it will use to ac

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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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The IT Summit Los Angeles

SoCal Tech Calendar

Wednesday, October 11, 2017 -- The IT Summit is the executive technology conference series returning to Los Angeles for our eleventh annual event on October 11th, 2017. The purpose of the summit is to provide educational and networking resources for the IT leaders in Southern California. The conference is driven by an Executive Board of regional IT professionals that directs the content of the conference.

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Bonfire Ventures Launches New Venture Capital Firm

socalTECH

A new, Los Angeles-based venture capital firm, Bonfire Ventures --founded by venture veterans Jim Andelman and Mark Mullen, and assisted by Leah Volger--has made its first public announcement of an investment, after stealthily making investments in the region over the last few months. Bonfire, which has not yet announced its fund size or other details, says it is investing in founders who are building "software solutions that redefine how business gets done.

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Fuel50 Finds $2.5M For Career Management Tools

socalTECH

Los Angeles-based Fuel50 , a startup developing career management and coaching tools, has raised $2.5M in a Series A funding, according to the company. The funding came from Rincon Venture Partners and Bonfire Ventures. According to Fuel50, the new funding brings its total funding to $4.6M. Fuel50's software is used within businesses to help their employees manage their career path.

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Silicon Beach Report Oct. 5: Mattel Cancels Artificially Intelligent Baby Monitor Over Privacy Concerns

L.A. Business Journal

Mattel cancels artificially intelligent baby monitor over privacy concerns, career guide Fuel50 raises $2.5 million and SpaceX president slams space regulations.

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Skyworks Powers Connected Car Products From ZTE

socalTECH

Irvine-based analog semiconductor maker Skyworks Solutions says it is powering a new connected car platform for ZTE this morning. According tto Skyworks, ZTE is incorporating various products from the company in its platforms for the connected car, including products needed to support numerous wireless protocols and frequency protocols. Exact Skyworks products used in ZTE's products were not announced.

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Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. He succeeds Ad-Juster founder and president Mike Lewis, who has left the company. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

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Tech Scenes: Greg Bettinelli of Upfront Ventures

socalTECH

Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive. In this solo episode we meet up with Greg Bettinelli and talk about Upfront Ventures, investing in Los Angeles, high performance cultures, building legacy, helping/funding/nurturing entrepreneurs and the future of the Los Angeles tech scene. Watch Tech Scenes Episode One where we explore Los Angeles from Santa Monica, West Hollywood, to Compton and meet up with Royce Disini of Mobcrush, Greg Bett