Mon.Jan 29, 2018

article thumbnail

Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice. New funds are launching in Los Angeles at a pretty feverish clip, and the latest to plant its flag in the […].

SoCal 271
article thumbnail

Bonfire Ventures Launches $60M Venture Capital Fund

socalTECH

Los Angeles-based Bonfire Ventures said this morning that it has officially launched with its first fund, a new $60M fund aimed at early stage startups. The fund was founded by longtime Southern California technology investors Jim Andelman and Mark Mullen, who are joined by Leah Volger, formerly of Google and Santander InnoVentures. Accoding to Bonfire, it invests in early stage startups with a software-based product and a business buyer, and will make seed state investments with a typical initi

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice. New funds are launching in Los Angeles at a pretty feverish clip, and the latest to plant its flag in the city is Bonfire Ventures, which just closed a $60 million vehicle for… Read More.

SoCal 217
article thumbnail

Silicon Beach Report Jan. 29: Google to Move into Spruce Goose Hangar This Fall

L.A. Business Journal

Google to move into Spruce Goose hangar this fall; Elon Musk has sold more than $4 million worth of flamethrowers; and inside Jeffrey Katzenberg’s billion-dollar bet on mobile video

Google 124
article thumbnail

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.

article thumbnail

Illumina Wins $26.7M In Patent infringement Lawsuit Against Ariosa

socalTECH

San Diego-based life sciences equipment maker Illumina has won $26.7M in a patent infringement lawsuit against competitor Ariosa Diagnostics , the company said late last week, after a federal jury in San Francisco ruled in its favor in a patent infringement suit. According to Illumina, the jury found that Riosa Diagnostics' non-invasive, prenatal tests infringe on two patents owned by Illumina.

Patents 124
article thumbnail

How Early-Stage Startups Can Prepare for Their Big Break

Tech.Co

Whether you’re an athlete or early-stage startup founder, getting your big break is a dream for any rookie. But getting noticed by the right people is the just the beginning when it comes to launching your business. And we know just the place. One of the best places for startups to expand their playbook is to participate in CES 2018 Eureka Park. This is the startup epicenter of CES 2018, where over 900 startups from around the world showcase their latest innovation to over 170,000 people includi

Startup 87

More Trending

article thumbnail

Building a Smart City Upon a Hill

Xconomy

In my Los Angeles neighborhood there is a gnarly 5-way stop. It’s all stop signs, and because of the number of accidents, the city is considering switching to traffic lights. I receive letters from the street department giving me updates and inviting me to comment. There have been multiple neighborhood meetings. Officials have gone a decade back into the accident records and sent surveyors to the intersection a dozen times.

article thumbnail

SpaceX Aims For Falcon Heavy Launch On February 6th

socalTECH

Hawthorne-based SpaceX , the commercial rocket and spacecraft developer led by technology mogul Elon Musk, is aiming at its first launch of its new Falcon Heavy rocket for February 6th. SpaceX conducted a static firing test on the new rocket design last week. The Falcon Heavy is currently on Launchpad 39A at Kennedy Space Center in Florida. In the interim, SpaceX said it has another rocket launch scheduled before then--targeted for tomorrow, Tuesday, January 30th--of GovSat-1, just next door at

SpaceX 124
article thumbnail

Here’s What I Made (Finally) With My Glowforge Laser Cutter

Xconomy

When I lifted the lid on the Glowforge laser cutter to reveal the family portrait engraved on a wooden jigsaw puzzle, it brought a smile to my face like few other tech products I’ve used before. This simple project—enabled by a very complex machine—was a long time coming, but it was worth the wait. I pre-ordered a Glowforge from the eponymous Seattle startup on the first day of its 30-day crowdfunding campaign in the fall of 2015, which brought in a record $27.9 million.

Startup 70
article thumbnail

Viasat Targets Residential, Business Customers In Services Partnership

socalTECH

Carlsbad-based satellite Internet services provider Viasat is ramping out its efforts to reach residential and business customers, with a new partnership with service provider Perfect 10. According to Viasat, it will train Perfect 10's technicians, subcontractors, and dealer teams to help serve its residential and business fulfillment needs across the United States.

Customer 113
article thumbnail

8 Ways To Nurture New Venture Stock Into A Goldmine

Startup Professionals Musings

I’ll never forget that great sense of excitement I felt when I incorporated my first business, and realized that I was now the proud owner of 10 million shares of common stock. Of course, initially these founder’s shares were worth essentially nothing, but it doesn’t take much of an imagination to grasp the possibilities. It’s great motivation for every entrepreneur to get that value up quickly.

Startup 51
article thumbnail

Elon Musk Proves People Will Buy Nearly Anything He Creates

socalTECH

Elon Musk appears to be proving that people will basically buy anything he creates, as a "flamethrower" put up for pre-order from Los Angeles-based Boring Company apparently has been hopping off the virtual shelves. Musk--who joked the flamethrower "Works against hordes of the undead or your money back!" and also joked the "flamethrower is sentient, its safe word is "cryptocurrency" and it comes with a free blockchain"--apparently has taken 7,000 pre-orders for the product.

article thumbnail

Cylance Hits $100M Revenue Mark

socalTECH

Irvine-based cybersecurity sofwtare provider Cylance announced on Monday morning that it has just passed up the $100M in revenues market, only 3.3 years after the company first launched its product. The company, led by CEO Stuart McClure, said the $100M in trailing 12-month GAAP revenue represents 177 percent year-over-year growth for the company. Cylance says it now has over 3,800 enterprise customers using its product.

article thumbnail

Google Rolls Out Challenger To Snap's Spectacles

socalTECH

Venice, California-based Snap is about to get a big new challenger to its flagship "Spectacles" line, from none other than Google , as Google rolled out a new product called Google Clips over the weekend. Google's new product--"captures motion photos that last several seconds" and are designed to be held, clipped to clothing, or placed elsewhere. The new device--which is currently on waitlist at $249--uses artificial intelligence to recognize faces, and even pets like cats and dogs, and decide w

Google 113