Wed.Mar 14, 2018

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Casa Verde Capital Raises $45M Investment Fund

socalTECH

West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

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Silicon Beach Report March 14: Jam City Acquires Assets of Brainz

L.A. Business Journal

Jam City acquires assets of Brainz; SpaceX lands contract with DigitalGlobe; and Snoop Dogg’s Casa Verde Capital closes debut fund.

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Nimble's Jon Ferrara On Retaining And Keeping Customers

socalTECH

This year, we're sponsoring the Recurring Revenue Conference (www.recurringrevenueconference.com), presented by Sutton Capital Partners. As part of our sponsor relationship with the conference, we're running a series of interviews with speakers from the conference about their experience in the area of recurring revenues, customer service, and similar topics.

Customer 166
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Framework Benchmarks Hardware Update

TechEmpower

We have retired the hardware environment provided by Server Central for our Web Framework Benchmarks project. We want to sincerely thank Server Central for having provided servers from their lab environment to our project. Their contribution allowed us to continue testing on physical hardware with 10-gigabit Ethernet. Ten-gigabit Ethernet gives the highest-performing frameworks opportunity to shine.

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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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Atom Tickets Sets COO

socalTECH

Santa Monica-based Atom Tickets has promoted Allison Checci to the post of Chief Operating Officer (COO), the company said late Tuesday. Checci was recently Chief Marketing Officer at YP, and also previously had been at Bain & Company, where she had been Principal in Bain's Technology, Media and Telecom practice, where the company said she spent nearly a dozen years.

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Dutch Biotech Raises $19M to Develop Psoriasis Drug Near San Diego

Xconomy

Escalier Biosciences BV, a biotech developing drugs for psoriasis and other autoimmune disorders, said it has raised $19 million in a Series B financing led by Forbion, a Dutch life sciences investor. Another Dutch investor, BioGeneration Ventures, and New York-based New Science Ventures joined the round, according to a statement from the company. While Escalier Biosciences BV is based in the Netherlands, the company is managed by its subsidiary, Escalier Biosciences, based near San Diego in coa

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Walmart Expands Same-Day Delivery, Looks to Match Amazon

Xconomy

At the National Retail Federation’s annual conference in January, Walmart CEO Doug McMillon called the Arkansas-based, big-box retailer a technology company. On Wednesday, Walmart (NYSE: WMT ) moved to make that assertion more of a reality: upping the number of cities where it provides same-day delivery to 100 cities from six—serving about 40 percent of American households by end of the year.

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SpaceX Selected By DigitalGlobe For Satellite Constellation

socalTECH

Hawthorne-based SpaceX has added another satellite customer, DigitalGlobe , to its queue of launch contracts, the two companies said Wednesday morning. According to the two companies, DigitalGlobe, which operates a network of earth imaging satellites, will use SpaceX to launch the next generation of its WorldView satellite imaging constellation. The two said that the first block of satellites for DigitalGlobe's WorldView Legion satellites will be launched in two separate flights in 2021, on Spac

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10 Ways To Jeopardize A New Venture Early And Often

Startup Professionals Musings

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. It seems to be part of the “ fail fast, fail often ” mantra often heard in Silicon Valley. As an advisor to many startups, I’m convinced it’s an expensive and painful approach, but I do see it used all too often.

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Ice Energy Offers OC Companies Free HVAC Replacements, As Part Of SCE Program

socalTECH

Santa Barbara-based energy storage startup Ice Energy has an almost-too-good-to-pass-up offer for businesses in Orange County, as part of a recent energy storage contract the company won with Southern California Edison (SCE): a free, HVAC replacement and energy storage system. According to Ice Energy--whose backers include SAIL Venture Partners and others--it is looking to deliver up to 1,800 of its "Ice Bear" systems to commercial and industrial companies in Orange County, as part of a grid off

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Former Guns N' Roses Drummer Creates Cryptocurrency Startup, Artbit

socalTECH

The former drummer of Guns N' Roses, Matt Sorum, has create a brand new, Los Angeles cryptocurrenc startup-- Artbit , which says it will offer up compensation to up-and-coming artists from their fans. According to the company, it was founded by Matt Sorum, Pablo Martins, Renan Monjon, Saulo Monjon, and Jean-Philippe Innocent, and it aims to allow unsigned and unrepresented artists--ranging form musicians,magicians, dancers, street artists, and street performers--to get "real compensation" for th

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SmartDrive Launches New Hardware Platform, Eyes Autonomous Driving Market

socalTECH

San Diego-based driver safety systems developer SmartDrive Systems said today that it has launched a brand new hardware platform for its video-based driver safety systems. According to SmartDrive, its new SR4 hardware provide additional compute power for computer vision, advanced driver assistance, and autonomous driving applications. According to SmartDrive, its new hardware provides multi-camera support, and also integrates with the WABCO OnLane Lane Departure Warning System.

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Broadcom Formally Drops Offer For Qualcomm

socalTECH

Broadcom has formally withdrawn its offer for San Diego-based Qualcomm , the company announced today, saying that--despite the Presidential order that killed its proposed deal to acquire Qualcomm, it will continue to move foward with its redomiciliation process. President Trump made a surprise move on Monday, shutting down the proposed acquisition of Qualcomm by Broadcom, saying that the deal would be a "threat to national security".

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Jam City Buys Brainz, Maker Of World War Doh

socalTECH

Los Angeles-based mobile game maker Jam City announced this morning that it has acquired the assets and team of Brainz , a Bogota, Columbia-based mobile game development company best known for its title, World War Doh. Financial terms of the buy were not announced. Jam City said it will launch World War Doh worldwide in late 2018. World War Doh is a "action strategy" game.

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FloQast Signs Stack Overflow

socalTECH

Los Angeles-based accounting close management software provider FloQast says it has signed on Stack Overflow , which maintains an online community for developers, as a customer. Accoring to FloQast, Stack Overflow is using its software to cut its time to close it books, going from 22 days down to ten. Financial details of the win were not announced.