Thu.Feb 14, 2019

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

Skylar Finds $8M For Perfume Startup

socalTECH

Los Angeles-based perfume startup Skylar has raised $8M in a Series A funding round, for a "natural" beauty and perfume brand, the company said this week. The funding was led by FirstMark Capital, and also included Upfront Ventures, Amplify LA, and Gingerbread Capital. Skylar is led by CEO Cat Chen, a veteran of the Honest Company. As part of the funding, FirstMark's Beth Ferreira will join the company's board of directors. READ MORE>>. honestco chen brand beauty capital venture perfume skylar

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

Tech Coast Angels Hails Exit At CaseStack

socalTECH

The Tech Coast Angels said this morning that its members said a 16x return from their investment in CaseStack , the logistics and supply chain company led by Dan Sanker, after its acquisition last year for $255M. CaseStack as acquired by Hub Group, Inc. in November of 2018. According to the Tech Coast Angels, this is the company's sixth highest ever. The Tech Coast Angels were investors in CaseStackf or nearly 15 years.

LAEDC Economic Forecast 2019

SoCal Tech Calendar

Wednesday, February 20, 2019 -- LAEDC Economic Forecast 2019. Panel discussion: Agents of Innovation: LA County Businesses Shaping The Future Economy. One of the first events of its kind in Los Angeles, The LAEDC's annual Economic Forecast has long been a lightning rod for cultivating meaningful economic advancement within our city.

Press 100

HauteLook Hacked, Millions Of Account Details Leaked By Hackers

socalTECH

The personal account details of nearly 28 million users of HauteLook , the private sales site founded in Los Angeles and now owned by Nordstrom , have been hacked and have just shown up for sale on the "dark web" , according to security researchers. According to a report from The Register, HauteLook's data--along with that from Dubsmash, Myfitnesspal, MyHeritage, and many others--just went up for sale on the "dark web" for less than $20,000 in Bitcoin.

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More Trending

Veritone Deploys At College Football Playoffs

socalTECH

Costa Mesa-based Veritone says its artificial intelligence software was deployed for the 2019 College Football Playoff (CFP) National Championship, and was used to produce transcriptions, automated facial recognition of players and coaches, logo identification, and other tasks for the CFP's Media Day. Financial details of the deployment were not announced.

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Unconscious Bias and Diversity

SoCal Tech Calendar

Wednesday, February 20, 2019 --.

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Ixia Selected By Telefonica

socalTECH

Calabasas-based network testing equipment and software provider Ixia has been selected by Telefonica , to help monitor Telefonica's physical and virtual networks, according to Ixia's parent company, Keysight Technologies. Financial details of the win were not announced. Keysight said that Telefonica is using Ixia's Network Packet Brokers (NPB), network tap, and Ixia Fabric Controller (IFC) products for dealing with increasing monitoring requirements it has for 5G and VoLTE.

Finding True Love Can Be Ruff, But This Startup Could Have Your Match

Xconomy

Too many people treat pet adoption like a one-night stand. You look at a dog, and see his eyes, and think he’s cute,” says Tama Lundquist, co-president of Houston PetSet, an organization that works with about 70 animal shelters in the Houston area.

Loop Media Unveils Streaming Media Service, Backed By $10M In Funding

socalTECH

A new, Burbank-based startup, Loop Media , said on Thursday afternoon that it has launched a new "short-form" streaming media service, which it says will feature music videos, film trailers, game trailers and TV clips. The startup--which says it has been in "stealth" mode for over two years--says it is backed by $10M in seed funding. That funding came from angel investor Dianne Berry plus other private investors from California, Tennessee and Florida.

Plant-Breeding Biotech Cibus Delays IPO, Citing Market Conditions

Xconomy

Cibus on Thursday said it is holding off on the initial public offering that was expected to happen this week. “We elected to postpone our offering given current market and technical conditions,” said co-founder and CEO Peter Beetham in a press release.

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