Mon.May 13, 2019

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Cryptocurrency Investor Terpin Wins $75.8M Judgement In Hacking Case

socalTECH

Michael Terpin , a cryptocurrency investor with close ties to the Los Angeles technology community, has won a $75.8M judgement as part of a lawsuit over a cryptocurrency hacking, Terpin said on Monday. According to a spokesperson for Terpin, the win came as part of a cryptocurrency case filed in January of 2018. According to Terpin, he had close to $24 million stolen by a ring of Internet thieves, which was facilitated by poor controls by AT&T, which provided his mobile phone SIM card to the

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5 Steps To A Winning Assault On The Army Of Investors

Startup Professionals Musings

Image via Flickr by lumaxart Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time. They approach key potential investors way too early, trying to talk their way up the hill, with no supporting business plan, and before they have a support team around them.

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XPRIZE Foundation Eyes Wildfire Detection, Suppression

socalTECH

Marina Del Rey-based XPRIZE Foundation , the group which runs competitions to spur innovation in technology to help solve major societal problems or very hard technical problems, says it is going to launch a new prize to spur ideas for wildfire detection and suppression. According to XPRIZE chairman Peter Diamandis, along with California Governor Gavin Newsom, the XPRIZE Foundation will shortly be launching a competition which will seek to spur developing of innovative technology to detect and p

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Meet the X of the Year Finalists for the Xconomy Awards San Diego

Xconomy

The Xconomy Awards categories weren’t enough to capture the full diversity of the San Diego life science community. So we at Xconomy created X of the Year for people who are so unique they needed their own categories. Read on for short introductions of the X of the Year finalists. This is part of a series of articles profiling the finalists of the Xconomy Awards San Diego.

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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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Los Angeles VC's Launch Internship Effort In Diversity Bid, Deadline Friday

socalTECH

Los Angeles area venture capitalists have launched a new internship effort, in a bid to help diversify their ranks, according to PledgeLA , a coalition of local venture capital and technology companies. According to PledgeLA, which was created by the Annenberg Foundation, the Office of LA Mayor Eric Garcetti, and over 130 Los Angeles venture capitalist and technology executives, the new program is a result of a survey of local venture capital firms , which found that the just 34 percent of inves

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Neuron EV Targets Electric Vehicle Market

socalTECH

A new, Irvine-based startup, Neuron EV said late last week that it is targeting the electric vehicle market, unveiling a new idea for an EV called the "HUB". The startup--which did not disclose any details on its funding, executives, or background in the transportation industry--rolled out a series of artist's renderings of its HUB, which it says stands for "Harmony, Utility, Balance", and which it calls a "new paradigm of transportation that aims to make a positive impact in our society.

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Biocom Institute Gets $150K Grant To Help Veterans Get Into Life Sciences

socalTECH

The Biocom Institute , a nonprofit which helps with workforce develompent in the science, technology, engineering and math (STEM) areas, says it has received a $150,000 grant, which will help veterans gain access to careers in the life sciences. According to the Institute, the $150,000 Workforce Accelerator Fund grant came from the California Workforce Development Board.

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Virgin Galactic To Shift Space Vehicles, Crew To New Mexico

socalTECH

Mojave-based Virgin Galactic said over the weekend that it is moving its space vehicles and nearly 100 employees in New Mexico, as it begins ramping up its efforts to send people to space as tourists. According to Virgin Galactic, it is moving its commercial spaceflight activities to Spaceport America, where it has a deal to base its operations as it starts ramping up efforts to put people into space.

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TP-Link In Distribution Deal With Walmart

socalTECH

Brea-based TP-Link is in a new distribution deal, with Walmart , to sell a whole home, mesh Wi-Fi system to via both Walmart and Walmart.com, the company announced this morning. According to TP-Link, it will sell a 2-pack, whole home mesh Wi-Fi system, the deco W2400, for just $99, exclusively at Walmart. The company said the system covers up to 3,000 square feet and can support up to 100 different Wi-Fi devices.