Wed.Oct 26, 2016

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Report: Snapchat Looking To Raise $4 Billion In IPO

socalTECH

Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. The report cites "people familiar with the matter" for the information. Snapchat is in the midst of an IPO effort being led by Morgan Stanley and Goldman Sachs Group.

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Silicon Beach Report Oct. 26: Snapchat Aiming to Raise As Much as $4 Billion

L.A. Business Journal

Snapchat aiming to raise as much as $4 billion, Techstars launches third L.A. accelerator program, and Super League Gaming raises $5 million.

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Soraa Wins Install At Crocker Art Museum

socalTECH

Soraa , the developer of Gallium Nitride (GaN) LED lighting technology based on research out of UC Santa Barbara, has won an install of its LED lamps at Sacramento's Crocker Art Museum. Soraa said the lighting at the "Glass for the New Millennium: Masterworks from the Kaplan-Ostergaard Collection" uses its full spectrum LED lighting technology. The financial impact of the win was not announced.

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Build On-Demand Teams Instead of Hiring Employees

Startup Professionals Musings

With the pace of change ever escalating, entrepreneurs today can’t afford to acquire talent through traditional hiring alone, and need to revise the perception that “talent” is only full-time employees. At the same time, more people in the workplace don’t want to be “employees.” According to an Intuit study , that number is quickly rising and will approach 40 percent by 2020.

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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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Google Fiber Paused In Los Angeles

socalTECH

In a move which may put off the addition of high speed fiber in Los Angeles from Google indefinitely, Google said it is "pausing" the addition of Los Angeles, and the rest of its current potential cities, to its Google Fiber service. According to Google Fiber's outgoing CEO , Google is looking towards "new technology and deployment methods" and "refine" its ability to bring super-fast Internet to cities.

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LA TECH SUMMIT Celebrates Los Angeles’s Phenomenal Growth

LATechDigest

Cornerstone on Demand brought together the area’s best & brightest for its fourth annual LA Tech Summit , once again hosted at the Fairmont. LA Tech has arrived. @CornerstoneInc CEO @amiller29 #latechsummit pic.twitter.com/woEOuVKKzW. — LATech Digest (@LATechDigest) October 25, 2016. Speakers included Mayor Eric Garcetti , Snapchat influencer Jake Paul (fresh off his 60 Minutes appearance), Loot Crate cofounder Chris Davis (whose company just topped the Inc 5000), and early Snap

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Zadara Wins Media Company

socalTECH

Irvine-based Zadara Storage , which provides enterprise storage-as-a-service to customers via a hardware product combined with cloud-based storage, has scored media company The Impress Group. Zadara said it will support a VMware environment for The Impress Group, replacing aging storage arrays with its Zadara VPSA Storage Array. The financial impact of the win was not announced.

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CrowdStrike Names Two Executives

socalTECH

Irvine-based cybersecurity product developer CrowdStrike , the cloud-based endpoint security firm led by George Kurtz, has made two major executive appointments this morning. CrowdStrike said it has named Jerry Dixon as Chief Information Security Officer (CISO), and Rob Murchison as Vice President of Product Management. Dixon was previously Vice President, Cyber Threat Intelligence and Incident Response at American Express, and also served at the Department of Homeland Security National Cyber Se

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Mobcrush Gets $20M More For Videogame Streaming

socalTECH

Santa Monica-based Mobcrush , which operates a live streaming platform and community focused on mobile games, has raised $20M more, in a Series B funding round. The funding was led by Evolution Media, and also included Kleiner, Perkins, Caufield & Byers, Raine Ventures, Lowercase Capital, First Round Capital and others. The company, led by CEO Royce Disini, says it has now raised $35.9M.

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Techstars Launches New Accelerator In LA, Techstars LA

socalTECH

Startup accelerator operator Techstars announced today that it is opening up yet another accelerator in Los Angeles--its third--called Techstars LA. The new startup accelerator, which will be horizontally focused on all types of companies, will be led by Cody Simms. Simms said that Techstars is "tripling down" on startup accelerators in Los Angeles, on top of the just announced Techstars Music accelerator, as well as an existing accelerator program, Techstars Healthcare, which is run in partners

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MarketCast Acquired By Kohlberg & Company

socalTECH

Los Angeles-based MarketCast , a market research company providing research services to the global entertainment industry, has been acquired by Kohlberg & Company , according to reports. Financial terms of the acquisition were not disclosed. MarketCast was owned by another, private equity investor--RLJ Equity Partners--which acquired MarketCast in November of 2014.

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Interview with Cody Simms, Techstars LA

socalTECH

This morning, Techstars (www.techstars.org), the startup accelerator which has had great success in spreading its approach to helping to get startups to the next stage of their life�usually, funding�announced it has opened up its third accelerator in Los Angeles, Techstars LA. We spoke earlier with Cody Simms , Executive Director of Techstars America and who leads the program in LA, to hear more about why the startup accelerator operator is opening up its third accelerator here, why Los Angeles

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