L.A. Business Journal
DECEMBER 20, 2018
Car leasing and financing provider Fair announced Dec. 20 it completed a $385 million Series B round, led by SoftBank Group Corp. Following this round, Fair now has access to nearly a $1 billion in debt capital since its 2016 founding and has raised over $500 million in equity to date.
socalTECH
DECEMBER 20, 2018
NASA's Jet Propulsion Laboratory , in Pasadena, as well as dozens of technology companies--at least one managed service provider (MSP)--have been hacked by Chinese spies, according to an indictment by the Justice Department filed on Thursday. The indictment , filed in the United States District Court Southern District of New York, accuses a state-backed hacking group of hacking into companies from at least 2006 until 2018.
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Berkonomics
DECEMBER 20, 2018
This week we contacted royalty licensing expert, the well-respected Arthur Lipper, asking the magic question. Why are you so strongly sold on royalty licensing as the most effective way to finance a tech-based early stage company? I asked him five important questions, which he answered, and I’ve summarized below. Since I am a proponent of using equity as a tool and he is so much opposed, this week it is his turn to make the case.
socalTECH
DECEMBER 20, 2018
Los Angeles-based AvantStay , an online group travel site focused on millennials, said on Thursday that it has raised $5M in a funding round. The funding was led by Bullpen Capital, and also included F-Prime Capital, Zeno Ventures, Convivialite Ventures, plus prior investors Abstract Ventures and Presidio Bay Ventures. According to AvanStay, it will use the funding for accelerating expansion of its service.
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Berkonomics
DECEMBER 20, 2018
This week we contacted royalty licensing expert, the well-respected Arthur Lipper, asking the magic question. Why are you so strongly sold on royalty licensing as the most effective way to finance a tech-based early stage company? I asked him five important questions, which he answered, and I’ve summarized below. Since I am a proponent of using equity as a tool and he is so much opposed, this week it is his turn to make the case.
socalTECH
DECEMBER 20, 2018
Santa Barbara-based ERP software developer QAD has named a new CEO, saying on Thursday that it has named Anton Chilton as its new Chief Executive Officer and member of the board. Chilton replaces founder and CEO Karl Lopker, who passed away in August. Chilton was previously Chief, Global Field Operations at QAD, and has been at the company since 2004.
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socalTECH
DECEMBER 20, 2018
Los Angeles-based car sharing marketplace HyreCar , which operates a service which is aimed at providing vehicles to ridesharing drivers, said this morning that it has named Brian Allan as its new Senior Director, Strategic Partnerships. Allan spent 30 years at Galpin Premier Automotive Group, the luxury division of Galpin Motors. According to HyreCar, Allan will lead its automotive OEm and dealer-based shared mobility initiatives and strategic alliances.
Xconomy
DECEMBER 20, 2018
New biopharma company Aristea Therapeutics has raised $15 million from Novo Holdings, the Danish investment company, and secured global rights to an investigational AstraZeneca drug that’s ready for Phase 2 study. The San Diego, CA, company made its public debut this week after starting up quietly earlier this year. Aristea expects its lead program, RIST4721, the drug candidate it licensed from AstraZeneca, will enter a Phase 2 clinical trial early next year.
socalTECH
DECEMBER 20, 2018
Santa Monica-based Fair , which operates a service which lets consumers essentially gain access to automobiles on a month-to-month "car-as-a-service" program, has raised a giant, $385M funding round. The funding was led by SoftBank, and also included Exponential Ventures, Munich Re Venture's ERGO Fund, G Squared, and CreditEase. The company, led by longtime automotive startup veteran Scott Painter, operates a service which lets users get access to a pre-owned car using a mobile app, and by payin
Inverted Software
DECEMBER 20, 2018
At Inverted Software we pride ourselves in our unparalleled success rate, and while, according to the Standish Chaos Report 68 percent of technology projects is “improbable” meaning it failed, time and time again we keep delivering successful projects to our happy customers. If you are struggling to understand how to measure success or if you are trying to demonstrate your software project was successful, the four questions below are internally used at Inverted Software at the end of
Xconomy
DECEMBER 20, 2018
A court in Munich, Germany, has ordered Apple to stop imports and sales in Germany of all models of iPhone that infringe on Qualcomm’s intellectual property, the San Diego wireless giant said Thursday. The court ruled that Cupertino, CA-based Apple (NASDAQ: AAPL ) infringed a Qualcomm patent that relates to a way to extend a smartphone’s battery life by enabling it to use power more efficiently.
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