Mon.Nov 27, 2017

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Former Hulu exec Noah Heller launches new venture fund to focus on LA tech

TechCrunch LA

Noah Heller, one of the chief architects of Hulu's virtual reality strategy, has left the video streaming service to set up his own venture firm, 3Rodeo. Primarily focused on backing Los Angeles-based technology startups, the new fund has already committed capital to three deals, Heller confirmed.

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Elon Musk Wins $50M Bet With Lithium-Ion Battery Project In Australia

socalTECH

Elon Musk , the Los Angeles technology mogul behind such companies as Tesla Motors and SpaceX , has won a $50 million bet, after Tesla built a 129 megawatt (MW) hour Lithium battery farm in Australia to help ease power grid issues in that country. Musk had bet that Tesla would be able to build and install the battery farm in less than 100 days of signing a grid agreement with south Australia, which has been faced an ongoing blackout issue.

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Former Hulu exec Noah Heller launches new venture fund to focus on LA tech

TechCrunch LA

Noah Heller, one of the chief architects of Hulu’s virtual reality strategy, has left the video streaming service to set up his own venture firm, 3Rodeo. Primarily focused on backing Los Angeles-based technology startups, the new fund has already committed capital to three deals, Heller confirmed. Read More.

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3 Benefits of Artificial Intielligence in the Contact Center Industry

socalTECH

Do you remember the last time you called an 800 number and experienced a challenge when attempting to follow the prompts? Were the menus confusing? Did the speech recognition feature clearly understand your responses? Did you provide the automated system with your account details and had to repeat it again for the customer service representative?

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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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Silicon Beach Report Nov. 27: Snapchat Launches Augmented Reality Product Placement

L.A. Business Journal

Snapchat launches augmented reality product placement; Hulu exec departs to launch virtual reality investment fund and human beats NASA’s JPL artificial-intelligent controlled drone in race.

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SpaceX Raises $100M More In Funding Round

socalTECH

Hawthorne-based SpaceX has raised another $100M in funding, a regulatory filing by the company on Monday revealed. The funding comes on top of an earlier, $350M funding from earlier this year in the company. No other details on the funding have been announced. READ MORE>>.

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Odonate Therapeutics Seeks $182.5M In IPO

socalTECH

San Diego-based Odonate Therapeutics , a startup that says it is hoping to develop chemotherapy drugs, is looking to raised $182.5M in an IPO on the NASDAQ Global Select Market. The company has set its estimated IPO price range at between $24.00 and $27.00 per share. The company, which is backed by Tang Capital partners, Boxer Capital, Janus Capital Management, Sabby Management, Franklin Advisors, Solus, Arcus Venture Funds, Rock Springs Capital, and Samsara BioCapital, said it has applied to li

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Maine’s Largest Hospital Launches Internal Health Tech Accelerator

Tech.Co

Maine Medical Center, Maine’s largest hospital, is investing in their employees and giving them a chance to act on their innovative ideas that could transform healthcare. The Innovation Cohort is the hospital’s internal startup accelerator for physicians and other employees who have ideas for new products and services to improve healthcare. The program supports faculty, trainees and staff in transforming their ‘back of the envelope’ drawing into a final product or service ready for clinica

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Marlin Equity Buys Bazaarvoice For $521M

socalTECH

Los Angeles-based private equity investor Marlin Equity is acquiring online ratings and reviews software provider Bazaarvoice , in a deal worth $521M in cash, the two said this mroning. The company said Marlin Equity will take Bazaarvoice private, by paying $5.50 per share for all of Bazaarvoice's outstanding shares. The two said the price per share is an 18 percent premium to its average closing price for the 30-calendar day period ending November 24th.

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After Successful Pilot, Apprenti Expands Tech Training Program

Xconomy

Those of us who keep tabs on the tech world hear a lot about the challenges of hiring and retaining IT talent. According to a forecast by the U.S. Bureau of Labor Statistics , more than 1.3 million new computer programming and computer support specialist jobs will be created across the country by 2022, and as businesses across all sectors become more tech-enabled and tech-dependent, that dearth of talent will only get worse.

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LeafLink Expands To LA With $10M In Funding

socalTECH

LeafLink , a startup that develops e-commerce software for the cannabis dispensary market, has expanded its operations into Los Angeles ahead of the sales of recreational marijuana in January, with a $10M funding. The company--which has offices in New York, Denver, and San Jose, in addition to an office on La Brea Avenue--said the new funding was led by Nosara Capital, and also included Lerer Hippeau Ventures, Casa Verde Capital, Wisdom VC, Phyto Partners, TIA Ventures, and Brand New Matter.

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7 Rules For Innovations That Produce Dominant Players

Startup Professionals Musings

Innovation doesn’t always make you a winner in business. In my role as an angel investor in startups, almost every pitch I see highlights some real innovation in technology, business model, or market opportunity. Yet only a few of these get funded, and even fewer become dominant players in their chosen space. The rest fail quickly, or struggle for years to get real traction.

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Aerie Pharmaceuticals Names Analytics Head

socalTECH

Irvine-based pharmaceuticals developer Aerie Pharmaceuticals , a pharmaceuticals firm developing treatments for glaucoma and other eye diseases, said it has named Nhi Ong as Director of Analytics. Ong was previously at Valeant Pharmaceuticals annd ThromboGenics. According to the company, Ong will be responsible for directing the information and analytics functions in support of Aerie's commercial organization.

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Hacken Adds John McAfee As Advisor

socalTECH

Los Angeles-based Hacken , a company developing a new "token" aimed at the cybersecurity field, said today that it has added IT and cybersecurity pioneer John McAfee as an advisor. Hacken said McAfee will assist the company in choosing the appropriate direction for business development, as well as supporting the project in technical issues. Hacken is developing a token aimed at compensating cybesecurity professionals who assist in bug bounties.

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Biolinq Raises $10M

socalTECH

San Diego-based Biolinq , a startup developing wireless-enabled, biosensor patches aimed at continually monitoring blood glucose levels, has raised $10M in a Series A funding, the company said this morning. The funding was led by M Ventures, and also included Hikma Ventures, Grey Sky Venture Partners, Three Leaf Ventures, LifeSci Venture Partners, as well as angels.

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How Borrow Is Changing The Model Of Owning A Car, With Jon Alain Guzik

socalTECH

West Hollywood-based automotive startup BORROW (www.joinborrow.com) recently launched a new, subscription service which gives users access to a pre-owned, electric vehicle (EV) through short term leases, of only 3-, 6-, or 9- months. The startup is backed by MuckerLab, and led by CEO Jon Alain Guzik. We spoke to Jon about Borrow and what the company is up to with its service, and how it wants to change the model of owning a car.

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