socalTECH

OCTOBER 30, 2018

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. Details on TCV's investment were not announced. LegalZoom said that TCV has "deep experience" investing in and advising companies serving small and midsized businesses (SMB), such as GoDaddy, LinkedIn

Legalzoom 147

Legalzoom Glendale Funding Invest 147

L.A. Business Journal

OCTOBER 30, 2018

Nick Sampson, co-founder of Gardena-based electric vehicle manufacturer Faraday and Future Inc., resigned on Oct. 30 after calling the company “effectively insolvent.

Gardena 113

Gardena Company Companies 113

socalTECH

OCTOBER 30, 2018

San Diego-based biotechnology developer Halozyme Therapeutics announced this morning that it has licensed some of its drug delivery technology to Roche , in a deal worth $25M upfront, and a potential to earn another $160M to $165M per target. According to Halozyme, the licensing deal covers its ENHANZE drug delivery technology, for use in a new undisclosed clinical stage therapeutic target, with an option to select two additional targets within four years.

San Diego 133

San Diego Technology Develop Development 133

L.A. Business Journal

OCTOBER 30, 2018

Two execs out at Faraday Future; DreamHost’s dreamy $18 million deal; Tinder ventures into advertising

Advertising 113

Advertising Report 113

Advertiser: Aggregage

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.

Company

socalTECH

OCTOBER 30, 2018

Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT said it will use the funding to accerate growth in the IoT sensing and communications markets.

Technology 133

Technology Santa Barbara Equity Invest 133

Xconomy

OCTOBER 30, 2018

It took six years for Classy, a software-as-a-service company that targets nonprofit organizations looking to fundraise online, to facilitate $500 million in donations. But the next $500 million took just 14 months. The San Diego-based startup announced the $1 billion milestone on Tuesday, citing the addition to its platform of ever-larger nonprofits—including the Salvation Army—as a major factor behind the growth.

Platform 103

Platform San Diego Startup Commerce 103

TechEmpower

OCTOBER 30, 2018

We're happy to announce that Round 17 of the TechEmpower Framework Benchmarks project is now available. Since the adoption of Continuous Benchmarking , the creation of an official Round is a fairly simple process: Try to reduce errors in framework implementations. We want an official Round to have a solid showing by as many frameworks as feasible given limited personnel bandwidth.

Framework 75

Framework Software Review TechEmpower Writing 75

socalTECH

OCTOBER 30, 2018

Los Angeles-based Faraday Future founder Nick Sampson says that the company is "effectively insolvent", and has resigned from the company, according to The Verge. The high-flying electric vehicle maker had already reportedly been laying off staff and shutting down operations. The company's chief designer left yesterday. The departures come as a result of a split between the company's Chinese investment backers and management.

Report 113

Report Company Companies Los Angeles 113

Xconomy

OCTOBER 30, 2018

Facebook (NASDAQ: FB ) shares gained nearly 3 percent Tuesday, and ticked up further in after-hours trading following the release of a third quarter earnings report that showed some strengths as well as shortfalls. Investors have been concerned about the social media giant’s slowing growth rate in a year when it has been under scrutiny for data privacy violations and its role in the spread of false and divisive messages by fake user accounts traced to Russian agents during U.S. election campaign

Social Media 51

Social Media Report Media San Diego 51

socalTECH

OCTOBER 30, 2018

Los Angeles-based WAYV , a startup that says it is developing cannabis e-commerce software, has raised $5M in a seed funding round, the company said on Monday. The funding was led by Craft Ventures, the venture investment fund of David Sacks. Sacks is one of the co-founders of PayPal. According to WAYV, it is developing e-commerce software which enables licensed cannabis companies to manage next day delivery and manage the supply chain for retailers and brands.

Software 113

Software Seed Funding Commerce Los Angeles 113

socalTECH

OCTOBER 30, 2018

San Diego-based online nonprofit fundraising software developer CLassy said this morning that it has just hit $1 billion in total donations through its platform. According toe Classy, the milestone represents more than 10 million donations from over 190 countries to the nonprofits on its platform. Classy was launched in 2011, and is led by CEO and co-foudner Scot Chisolm.

San Diego 113

San Diego Platform Software Development Software 113

socalTECH

OCTOBER 30, 2018

Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. According to a report from the Verge, Peter Savagian, a Senior Vice President at Faraday Future and former Chief Engineering on the General Motors EV1 electric car, has left his job.

Design 113

Design Report Layoffs Los Angeles 113