Mon.Jul 15, 2019

UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

TechCrunch LA

AllBright , the London-based women’s membership club backed by private real estate investment firm Cain International , has raised $18.8 million to expand into the U.S. The company’s new round was led by Cain International and was designed to take AllBright into three U.S. locations — Los Angeles, New York and Washington, DC. The company said that the new facilities would be opening in the coming months.

Video Interview: Dr. Masaru Rao and Brynley Lee, Basilard Biotech

socalTECH

Our video interview today is with Dr. Masaru Rao and Brynley Lee, who are in the midst of forming Basilard Biotech , a spinout of UC Riverside.

10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader.

Silicon Beach Report July 15: FX Plus Shut Down by Disney

L.A. Business Journal

FX Plus to stop service; J2 Global acquires more subsidiaries; SpaceX, NASA discover cause of rocket launch failure

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j2 Global Buys Two New Companies In Q2

socalTECH

Los Angeles-based Internet information and services company j2 Global --one of Southern California's largest yet most unknown technology companies--said this morning that it has acquired two more companies. j2 Global, which owns such brands as IGN, Mashable, PCMag, Everyday Health in the online publishing space as well as eFax, eVoice, and Livedrive in the cloud services space, said it has acquired Idea First Technologies and Highwinds Capital and Cloak Holdings.

Narrowing AI: A Useful Context for AI Innovation, Opportunity, and Investment

Xconomy

I was asked recently if there was a meaningful analog to AI – its pervasiveness, its transformative potential, its power – in the annals of technology, and I answered with a straight face: “Yes. The Wheel. The Printing Press. Electricity. The Internet.”

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Amgen Abandons Alzheimer's Prevention Study

socalTECH

Thousand Oaks-based Amgen , along with partners Novartis and the Banner Alzheimer's Institute , said late last week that they are discontinuing a clinical research program, which had focused on Alzheimer's prevention. According to the three, the study of BACE1 inhibitor CNP520 was discontinued, after they concluded the potential benefit for participants in the studies did not outweigh the risk.

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Wondery Adds $10M For Podcasting Network

socalTECH

Los Angeles-based podcasting publisher Wondery has added $10M in its Series B funding, the company said earlier this month. The funding was led by Waverley Capital, a new investor in the company, and also included Lerer Hippeau, Greycroft, BDMI, Advancit and Water Tower Ventures, plus Powerhouse Ventures. As part of the funding, the company said it has added Declan Moore as Head of International; Moore was the former CEO of National Geographic Partners.